FLAVORS AND FRAGRANCES MARKET ANALYSIS

Regional Analysis

Global Flavors and Fragrances Market: Regional Insights

Regionally, Europe is the largest market in the global flavors and fragrances market. This is attributed to the significant demand from the food & beverages industry, uptake in fine fragrances & cosmetics, and consumption of bio-based products in liquor-based drinks.

North America is the second largest market in the global flavors and fragrances market. The region is expected to exhibit high growth rate due to the increasing demands for flavor & fragrance applications in local beverages. In addition, the region is also projected to witness strong growth in the fine fragrances & cosmetics application segment.

Asia Pacific is the third largest market in the global flavors and fragrances market. It is anticipated to grow at a rapid pace during the forecast period, due to the increasing demand from the food & beverage industry, uptake in fine fragrances / cosmetics, and consumption of bio-based ingredients in alcohol-based beverages.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, Israel, and Rest of Middle East, &Africa (South Africa, North Africa, and Central Africa)