WORLD FLAVORS & FRAGRANCES (Industry forecasts for 2014 & 2019)

WORLD FLAVORS & FRAGRANCES (Industry forecasts for 2014 & 2019) published by The Freedonia Group in August, 2010. This report consists of 368 PAGES and the price starts from US $ 5800.

Introduction

Abstract

Worldwide demand for flavors and fragrances -- including flavor and fragrance blends, as well as essential oils and other natural extracts, and aroma chemicals -- is projected to increase 4.3 percent per year to $23.5 billion in 2014. Overall advances will be stimulated by gains in food and beverage processing activity, which represents by far the largest market segment. Growth in personal income levels and consumer spending will also stimulate demand for flavors and fragrances used in cosmetics and toiletries, a market segment historically concentrated in North America and Western Europe, but now seeing rapid advances in developing regions. The best opportunities for flavors and fragrances will be found in the Asia/Pacific region, which will account for one-third of total value gains between 2009 and 2014.

While the US is by far the world' s largest user of flavors and fragrances (accounting for one-quarter of world demand), the fastest growth will occur in developing regions. Asia, Central and South America, Eastern Europe and the Africa/ Mideast region will all outpace the global average. Industrialization trends and increases in living standards will fuel demand for flavors and fragrances in generally underdeveloped end-user manufacturing industries of these regions. Over the forecast period, the Asia/Pacific region will surpass Western Europe to become the second largest regional consumer of flavors and fragrances, behind North America. In particular, China and India will see some of the most rapid growth in both demand and output, as multinational producers continue to establish subsidiaries in these countries in order to meet local demand.

Food and beverages, which accounted for 47 percent of aggregate demand in 2009, will remain the largest market for flavors and fragrances. This is due to the widespread application of flavor materials in processed food, snacks, soft drinks, candy and confectioneries, and other items such as meat and seafood products, sauces and condiments. The further expansion of fortified food -- as well as beverages -- will provide opportunities, since flavors are often used to cover up the off-tastes of vitamins, minerals, antioxidants and other added ingredients. Trends toward fast food and other convenience-oriented food options (e.g., ready-to-eat meals) will further boost demand, as these highly processed items often require stronger flavor loadings.

The toiletry and cleaner segment will also remain an important market. Faster growth is expected for applications in cosmetics and toiletries, while demand in the well-established detergent and cleaner industry will be limited by market maturity, even in developing regions such as Eastern Europe. Skin care products are expected to provide some of the best opportunities, reflecting expansion of the skin care industry itself, as manufacturers continue to target growth segments with products designed for middle-aged and older adults seeking anti-aging solutions. In addition, fragrances will continue to play an important role in product differentiation in the toiletry and cleaner segment, supporting demand for fragrance blends and aroma chemicals used in related products.

Study coverage

This new Freedonia industry study, “World Flavors & Fragrances”, presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by product (e.g., flavor blends, fragrance blends, essential oils and natural extracts, aroma chemicals), market (e.g., food and beverages, toiletries and cleaners), world region and for 18 countries. The study also considers market environment factors, evaluates company market share and profiles 37 industry competitors.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• World Economic Overview
  • Recent Economic Performance
  • Macroeconomic Outlook
• World Demographic Outlook
• World per Capita Gross Domestic Product
• World Personal Consumption Expenditure Trends
• World Manufacturing Outlook
• World Food & Beverage Manufacturing Outlook
• World Beverage & Soft Drink Outlook
• World Toiletry & Cleaner Outlook

III. OVERVIEW

• General
• Product Overview
  • Flavor Blends
  • Fragrance Blends
  • Essential Oils & Natural Extracts
  • Aroma Chemicals
• Market Overview
  • Food & Beverages
  • Toiletries & Cleaners
  • Other Markets
• Regional Overview
  • Demand
  • Per Capita Consumption Trends
  • Production
• World Trade Outlook

IV. NORTH AMERICA

• General
• Supply & Demand
• Markets
• United States
• Canada
• Mexico

V. WESTERN EUROPE

• General
• Supply & Demand
• Markets
• France
• Germany
• Italy
• Netherlands
• Spain
• Switzerland
• United Kingdom
• Other Western Europe

VI. ASIA/PACIFIC

• General
• Supply & Demand
• Markets
• Australia
• China
• India
• Japan
• South Korea
• Taiwan
• Other Asia/Pacific

VII. OTHER REGIONS

• Central & South America
  • Brazil
  • Other Central & South America
• Eastern Europe
  • Russia
  • Other Eastern Europe
• Africa/Mideast

VIII. INDUSTRY STRUCTURE

• General
• Market Share
• Acquisitions & Divestitures
• Competitive Strategies
  • Product Differentiation
  • Market Segmentation
  • Cooperative Agreements
• Research & Development
• Manufacturing Methods
• Marketing & Distribution

COMPANY PROFILES

• Agilex Flavors & Fragrances Incorporated
• Aromatech France
• BASF SE
• Bell Flavors & Fragrances Incorporated
• Belmay Incorporated
• Cargill Incorporated
• Charabot, see Robertet
• China Flavors & Fragrances Company Limited
• ConAgra Foods Incorporated
• CPL Aromas Limited
• DERA Holding, see Kerry Group
• Derives Resiniques et Terpeniques
• ETOL dd
• Firmenich SA
• Frutarom, see ICC Industries
• Gilroy Foods & Flavors, see ConAgra Foods
• Givaudan SA
• Hasegawa (T.) Company Limited
• Huabao International Holdings Limited
• ICC Industries Incorporated
• International Flavors & Fragrances Incorporated
• Kao Corporation
• Kerry Group plc
• LyondellBasell Industries NV
• Mane (V.) Fils SA
• Manheimer Fragrances, see Symrise
• McCormick & Company Incorporated
• Michael (David) & Company Incorporated
• Nagaoka Perfumery Company Limited
• Ogawa & Company Limited
• Plantes Aromatiques du Diois, see Robertet
• Polarome International Incorporated
• Quest International, see Givaudan
• Rhodia SA
• Robertet SA
• Sensient Technologies Corporation
• Soda Aromatic Company Limited
• Symrise AG
• Takasago International Corporation
• Todd (AM) Company
• Treatt (RC) plc
• Wanxiang International Limited
• WILD Flavors GmbH
• X-Cafe, see Kerry Group
• ZEON Corporation
• Additional Companies Mentioned in the Study

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

• Summary Table

SECTION II -- MARKET ENVIRONMENT

• World Gross Domestic Product by Region
• World Population by Region
• World per Capita Gross Domestic Product by Region
• World Personal Consumption Expenditures
• World Manufacturing Value Added by Region
• World Food & Beverage Manufacturing Value Added by Region
• World Soft Drink Consumption by Region
• World Toiletry & Cleaner Shipments by Region & Type

SECTION III -- OVERVIEW

• World Flavor & Fragrance Demand by Product
• World Flavor Blend Demand by Region
• World Fragrance Blend Demand by Region
• World Essential Oil & Natural Extract Demand by Region
• World Aroma Chemical Demand by Region
• World Flavor & Fragrance Demand by Market
• World Food & Beverage Market for Flavors by Region
• World Toiletry & Cleaner Market for Fragrances by Region
• World Other Markets for Flavors & Fragrances by Region
• World Flavor & Fragrance Demand by Region
• World Flavor & Fragrance Production by Region
• World Net Exports of Flavors & Fragrances by Region

SECTION IV -- NORTH AMERICA

• North America -- Flavor & Fragrance Market Environment
• North America -- Flavor & Fragrance Supply & Demand
• North America -- Flavor & Fragrance Markets
• United States -- Flavor & Fragrance Market Environment
• United States -- Flavor & Fragrance Supply & Demand
• United States -- Flavor & Fragrance Markets
• Canada -- Flavor & Fragrance Market Environment
• Canada -- Flavor & Fragrance Supply & Demand
• Canada -- Flavor & Fragrance Markets
• Mexico -- Flavor & Fragrance Market Environment
• Mexico -- Flavor & Fragrance Supply & Demand
• Mexico -- Flavor & Fragrance Markets

SECTION V -- WESTERN EUROPE

• Western Europe -- Flavor & Fragrance Market Environment
• Western Europe -- Flavor & Fragrance Supply & Demand
• Western Europe -- Flavor & Fragrance Markets
• France -- Flavor & Fragrance Market Environment
• France -- Flavor & Fragrance Supply & Demand
• France -- Flavor & Fragrance Markets
• Germany -- Flavor & Fragrance Market Environment
• Germany -- Flavor & Fragrance Supply & Demand
• Germany -- Flavor & Fragrance Markets
• Italy -- Flavor & Fragrance Market Environment
• Italy -- Flavor & Fragrance Supply & Demand
• Italy -- Flavor & Fragrance Markets
• Netherlands -- Flavor & Fragrance Market Environment
• Netherlands -- Flavor & Fragrance Supply & Demand
• Netherlands -- Flavor & Fragrance Markets
• Spain -- Flavor & Fragrance Market Environment
• Spain -- Flavor & Fragrance Supply & Demand
• Spain -- Flavor & Fragrance Markets
• Switzerland -- Flavor & Fragrance Market Environment
• Switzerland -- Flavor & Fragrance Supply & Demand
• Switzerland -- Flavor & Fragrance Markets
• United Kingdom -- Flavor & Fragrance Market Environment
• United Kingdom -- Flavor & Fragrance Supply & Demand
• United Kingdom -- Flavor & Fragrance Markets
• Other Western Europe -- Flavor & Fragrance Market Environment
• Other Western Europe -- Flavor & Fragrance Supply & Demand
• Other Western Europe -- Flavor & Fragrance Markets

SECTION VI -- ASIA/PACIFIC

• Asia/Pacific -- Flavor & Fragrance Market Environment
• Asia/Pacific -- Flavor & Fragrance Supply & Demand
• Asia/Pacific -- Flavor & Fragrance Markets
• Australia -- Flavor & Fragrance Market Environment
• Australia -- Flavor & Fragrance Supply & Demand
• Australia -- Flavor & Fragrance Markets
• China -- Flavor & Fragrance Market Environment
• China -- Flavor & Fragrance Supply & Demand
• China -- Flavor & Fragrance Markets
• India -- Flavor & Fragrance Market Environment
• India -- Flavor & Fragrance Supply & Demand
• India -- Flavor & Fragrance Markets
• Japan -- Flavor & Fragrance Market Environment
• Japan -- Flavor & Fragrance Supply & Demand
• Japan -- Flavor & Fragrance Markets
• South Korea -- Flavor & Fragrance Market Environment
• South Korea -- Flavor & Fragrance Supply & Demand
• South Korea -- Flavor & Fragrance Markets
• Taiwan -- Flavor & Fragrance Market Environment
• Taiwan -- Flavor & Fragrance Supply & Demand
• Taiwan -- Flavor & Fragrance Markets
• Other Asia/Pacific -- Flavor & Fragrance Market Environment
• Other Asia/Pacific -- Flavor & Fragrance Supply & Demand
• Other Asia/Pacific -- Flavor & Fragrance Markets

SECTION VII -- OTHER REGIONS

• Central & South America -- Flavor & Fragrance Supply & Demand
• Central & South America -- Flavor & Fragrance Demand by Type & Market
• Brazil -- Flavor & Fragrance Supply & Demand
• Brazil -- Flavor & Fragrance Demand by Type & Market
• Other Central & South America -- Flavor & Fragrance Supply & Demand
• Other Central & South America -- Flavor & Fragrance Demand by Type & Market
• Eastern Europe -- Flavor & Fragrance Supply & Demand
• Eastern Europe -- Flavor & Fragrance Demand by Type & Market
• Russia -- Flavor & Fragrance Supply & Demand
• Russia -- Flavor & Fragrance Demand by Type & Market
• Other Eastern Europe -- Flavor & Fragrance Supply & Demand
• Other Eastern Europe -- Flavor & Fragrance Demand by Type & Market
• Africa/Mideast -- Flavor & Fragrance Supply & Demand
• Africa/Mideast -- Flavor & Fragrance Demand by Type & Market

SECTION VIII -- INDUSTRY STRUCTURE

• World Flavor & Fragrance Sales by Company, 2009
• Selected Acquisitions & Divestitures
• Selected Cooperative Agreements
• R&D Spending Patterns: Selected Flavor & Fragrance Suppliers

LIST OF CHARTS

SECTION III -- OVERVIEW

• World Flavor & Fragrance Demand by Product, 2009
• World Flavor Blend Demand by Region, 2009
• World Fragrance Blend Demand by Region, 2009
• World Essential Oil & Natural Extract Demand by Region, 2009
• World Aroma Chemical Demand by Region, 2009
• World Flavor & Fragrance Demand by Market, 2009
• World Food & Beverage Market for Flavors by Region, 2009
• World Toiletry & Cleaner Market for Fragrances by Region, 2009
• World Other Markets for Flavors & Fragrances by Region, 2009
• World Flavor & Fragrance Demand by Region, 2009
• Flavor & Fragrance Demand per Capita/ Personal Consumption
• Expenditures per Capita Relationship, 2009
• World Flavor & Fragrance Production by Region, 2009

SECTION IV -- NORTH AMERICA

• North America -- Flavor & Fragrance Demand by Country, 2009

SECTION V -- WESTERN EUROPE

• Western Europe -- Flavor & Fragrance Demand by Country, 2009

SECTION VI -- ASIA/PACIFIC

• Asia/Pacific -- Flavor & Fragrance Demand by Country, 2009

SECTION VIII -- INDUSTRY STRUCTURE

• World Flavor & Fragrance Market Share, 2009

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