Global Flavors and Fragrances Market Size study & Forecast, by Type (Natural, Synthetic), By End-use Industry (Flavors, Fragrances ), and Regional Analysis, 2023-2030

Description

List of Tables

Global Flavors and Fragrances Market is valued at approximately USD 27.11 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.7% over the forecast period 2023-2030. Flavors and fragrances are substances used to enhance or add flavor and aroma to various products, including food and beverages, personal care products, household products, and pharmaceuticals. Flavors refer to the substances used to add taste and flavor to food and beverages, while fragrances are used to add scent or aroma to various products. Lactones, acids, esters, ketones, alcohol, and aldehydes are used to create flavors and fragrances. They are substances that are added to products to increase value by changing the properties of the solute, such as adding an appealing fragrance or adding sweet, sour, tangy, or other flavor profiles. These products' natural equivalents are made from components derived from plants and animals. Alcohol, glycerol, or propylene glycol are combined with artificial esters to create synthetic essences or flavorings. In bakeries, snacks, dairy products, sauces, and confectionery, flavors are added to improve the flavor of food and beverages. The Flavors and Fragrances Market is expanding owing ot the factors such as the changing consumer preference toward convenience foods, rising inclination toward the adoption of natural products, increasing disposable income, and growing use of flavors and fragrances in non-food applications.

In addition, the rapidly growing cosmetic industry is acting as a catalyzing factor for market growth across the globe. The demand for perfumes, cosmetics, toiletries, soaps, and detergents increased globally. According to Indian Brand Equity Foundation, India's beauty, cosmetic and grooming market is projected to reach at USD 20 billion by year 2025 from USD 6.5 billion in year 2016. As a result, this rising market size is indicating the rising demand for skin-lightening products. Likewise, the Australian Hygiene, Personal Care, and Specialty Products Industry Association (ACCORD) estimates that the industry's revenue in Australia was USD 26.3 billion in 2018, up 0.9% from 2017. Additionally, natural scents are considered as safer, healthier, and therapeutic alternative owing to the growing preference for organic substances in the personal care industry. The demand for synthetic perfumes is also growing as a result of their potent and long-lasting olfactory qualities. The producers of perfumes are introducing new ideas to satisfy the demand for distinctive scents in cosmetics. For instance, in 2019, Givaudan launched Sensityl, a cosmetic component with both aesthetic and health benefits.

Thus, these aforementioned factors are propelling the growth of the Flavors and Fragrances Market during the estimated period. Moreover, the digitalization of the retail industry, as well as the expansion of the food and beverage industry present various lucrative opportunities over the forecasting years. However, compliance with quality and regulatory standards and the Limited availability of raw materials are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Flavors and Fragrances Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the exponential development of the food & beverage and cosmetic & homecare industries, rising consumers towards nutritional and healthy foods, along with huge demand for these sensory improvement products. Whereas, Europe is expected to develop at a significant growth rate over the forecasting years. The presence of most of the multinational manufacturers, the high demand for flavors for usage in liquor-based drinks, and rising disposable income are significantly propelling the market demand across the region.

Major market players included in this report are:

Givaudan (Switzerland)
International Flavors and Fragrances (IFF) (U.S.)
Symrise AG (Germany)
Robertet Group (France)
Kerry Group plc (Ireland)
Sensient Technologies (U.S.)
Firmenich SA (Switzerland)
Takasago International Corp (Japan)
T. Hasegawa Co., Ltd. (Japan)
Archer Daniel Midland Company (U.S.)

Recent Developments in the Market:

In December 2021, Givaudan completed the acquisition of DDW, the Colour House, a U.S.-based natural colour brand to broaden the scope of its worldwide Taste & Wellbeing business.
In July 2021, Sensient Technologies Corporation acquired the assets of Flavour Solutions, Inc. Flavour Solutions, Inc. serves the food, beverage, and nutraceutical industries with flavors and flavor technologies. Sensient's flavor portfolio grow as a result of this business's acquisition with the addition of savory reaction flavours, natural shelf-life extender technologies, more sweetness-enhancing and salt-reduction taste-modulation technology platforms, and an expansion of its traditional flavor offering,

Global Flavors and Fragrances Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, End-use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Natural
Synthetic

By End-use Industry:

Flavors
Food & Beverages
Pharmaceuticals
Others
Fragrances
Fine Fragrances
Cosmetics & Personal Care
Home & Floor Care
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Flavors and Fragrances Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Flavors and Fragrances Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Flavors and Fragrances Market, by End-use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Flavors and Fragrances Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Flavors and Fragrances Market Dynamics

3.1. Flavors and Fragrances Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rapidly growing cosmetic industry
  - 3.1.1.2. Rising inclination toward the adoption of natural products
- 3.1.2. Market Challenges
  - 3.1.2.1. Compliance with quality and regulatory standards
  - 3.1.2.2. Limited availability of raw materials
- 3.1.3. Market Opportunities
  - 3.1.3.1. Digitalization of the retail industry
  - 3.1.3.2. Expansion of the food and beverage industry

Chapter 4. Global Flavors and Fragrances Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Flavors and Fragrances Market, by Type

5.1. Market Snapshot
5.2. Global Flavors and Fragrances Market by Type, Performance - Potential Analysis
5.3. Global Flavors and Fragrances Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Flavors and Fragrances Market, Sub Segment Analysis
- 5.4.1. Natural
- 5.4.2. Synthetic

Chapter 6. Global Flavors and Fragrances Market, by End-use Industry

6.1. Market Snapshot
6.2. Global Flavors and Fragrances Market by End-use Industry, Performance - Potential Analysis
6.3. Global Flavors and Fragrances Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Billion)
6.4. Flavors and Fragrances Market, Sub-Segment Analysis
- 6.4.1. Flavors
  - 6.4.1.1. Food & Beverages
  - 6.4.1.2. Pharmaceuticals
  - 6.4.1.3. Others
- 6.4.2. Fragrances
  - 6.4.2.1. Fine Fragrances
  - 6.4.2.2. Cosmetics & Personal Care
  - 6.4.2.3. Home & Floor Care
  - 6.4.2.4. Others

Chapter 7. Global Flavors and Fragrances Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Flavors and Fragrances Market, Regional Market Snapshot
7.4. North America Flavors and Fragrances Market
- 7.4.1. U.S. Flavors and Fragrances Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. End-use Industry breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Flavors and Fragrances Market
7.5. Europe Flavors and Fragrances Market Snapshot
- 7.5.1. U.K. Flavors and Fragrances Market
- 7.5.2. Germany Flavors and Fragrances Market
- 7.5.3. France Flavors and Fragrances Market
- 7.5.4. Spain Flavors and Fragrances Market
- 7.5.5. Italy Flavors and Fragrances Market
- 7.5.6. Rest of Europe Flavors and Fragrances Market
7.6. Asia-Pacific Flavors and Fragrances Market Snapshot
- 7.6.1. China Flavors and Fragrances Market
- 7.6.2. India Flavors and Fragrances Market
- 7.6.3. Japan Flavors and Fragrances Market
- 7.6.4. Australia Flavors and Fragrances Market
- 7.6.5. South Korea Flavors and Fragrances Market
- 7.6.6. Rest of Asia Pacific Flavors and Fragrances Market
7.7. Latin America Flavors and Fragrances Market Snapshot
- 7.7.1. Brazil Flavors and Fragrances Market
- 7.7.2. Mexico Flavors and Fragrances Market
7.8. Middle East & Africa Flavors and Fragrances Market
- 7.8.1. Saudi Arabia Flavors and Fragrances Market
- 7.8.2. South Africa Flavors and Fragrances Market
- 7.8.3. Rest of Middle East & Africa Flavors and Fragrances Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Givaudan (Switzerland)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. International Flavors and Fragrances (IFF) (U.S.)
- 8.3.3. Symrise AG (Germany)
- 8.3.4. Robertet Group (France)
- 8.3.5. Kerry Group plc (Ireland)
- 8.3.6. Sensient Technologies (U.S.)
- 8.3.7. Firmenich SA (Switzerland)
- 8.3.8. Takasago International Corp (Japan)
- 8.3.9. T. Hasegawa Co., Ltd. (Japan)
- 8.3.10. Archer Daniel Midland Company (U.S.)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Flavors and Fragrances Market, report scope
TABLE 2. Global Flavors and Fragrances Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Flavors and Fragrances Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Flavors and Fragrances Market estimates & forecasts by End-use Industry 2020-2030 (USD Billion)
TABLE 5. Global Flavors and Fragrances Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Flavors and Fragrances Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Flavors and Fragrances Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Flavors and Fragrances Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Flavors and Fragrances Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Flavors and Fragrances Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Flavors and Fragrances Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Flavors and Fragrances Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Flavors and Fragrances Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Flavors and Fragrances Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Flavors and Fragrances Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Flavors and Fragrances Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Flavors and Fragrances Market
TABLE 70. List of primary sources, used in the study of global Flavors and Fragrances Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Flavors and Fragrances Market, research methodology
FIG 2. Global Flavors and Fragrances Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Flavors and Fragrances Market, key trends 2022
FIG 5. Global Flavors and Fragrances Market, growth prospects 2023-2030
FIG 6. Global Flavors and Fragrances Market, porters 5 force model
FIG 7. Global Flavors and Fragrances Market, pest analysis
FIG 8. Global Flavors and Fragrances Market, value chain analysis
FIG 9. Global Flavors and Fragrances Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Flavors and Fragrances Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Flavors and Fragrances Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Flavors and Fragrances Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Flavors and Fragrances Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Flavors and Fragrances Market, regional snapshot 2020 & 2030
FIG 15. North America Flavors and Fragrances Market 2020 & 2030 (USD Billion)
FIG 16. Europe Flavors and Fragrances Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Flavors and Fragrances Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Flavors and Fragrances Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Flavors and Fragrances Market 2020 & 2030 (USD Billion)