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Global Flavor and Fragrance Market Report By Type (Flavor, Fragrance), By Application (Aroma Chemical, Essential Oils) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11213016
April 2021
Report Formats: Electronic (PDF), MS EXCEL
The rising demand for consumer products and aggressive marketing by the manufacturers is projected to drive global flavour & fragrance market growth. Swelling adoption of flavour & fragrance as a marketing strategy is estimated to create new opportunities for the market. Flavour & fragrance is being used in the majority of consumer products to appeal to consumers. The origin of using flavourful & fragrant substances is as old as humanity. People have been using perfume oils and unguents on their bodies for thousands of years in lesser or greater amounts, dependent on fashion trends. Many manufactures use flavour & fragrance in their product to appeal to products. However, compliance with quality and regulatory standards for flavour & fragrance is likely to hinder the market over the forecast timeframe. Regulatory compliance in the fragrance and flavours industry has become increasingly complex. This space has significant growth barriers around flavour & fragrance manufacturers. Flavour & fragrance manufacturers have to deal with often-conflicting worldwide requirements.
By Type Analysis
Based on type, the global flavour & fragrance market is divided into natural and synthetic. The synthetic segment held the maximum share in the global flavour & fragrance market. However, the natural segment is projected to come up as most promising due to the growing natural products trend. The synthetic segment is foreseen to grow rapidly during the forecast period due to its more appealing feature and abundant availability.
By Application Analysis
By application, the global market is fragmented into flavor and fragrance. Flavours segment is further sub-segmented into confectionary, convenience foods, bakery food, dairy food, beverages, and others. Fragrances are further sub-segmented into fine fragrances, cosmetics and toiletries, soaps & detergents, and others.
The flavours segment held a significant revenue share in the global flavour & fragrance market. Flavours are widely used in food & beverages, and medicines for a better taste experience. Flavour or fragrance addition to consumable and consumer products is used as a marketing strategy in business. Flavour or fragrance plays a crucial role in attracting consumers towards products.
By Region Analysis
Global flavour & fragrance market is geographically analyzed across the Asia Pacific, North America, Europe, the Middle East, and Africa, and Latin America. Of the significant five global regions, the flavor and fragrance market is most extensive in Asia-Pacific, followed by North America and Europe. Also being dominant, Asia-Pacific is foreseen to multiply with the highest CAGR. While the North American and European markets are relatively mature, there is still potential for growth as consumers develop more sophisticated tastes and preferences. There is also plenty of opportunity for flavor and fragrance in the Middle East, Africa, and Latin America.
Flavors and fragrances are materials that are utilized to improve the overall tasteful value of a product by modifying its smell and taste. Flavors are majorly used in the food beverages dairy and confectionery industries, whereas fragrances are used for providing exquisite scents in-home care and personal cosmetic products. Taste and smell are among the vital aspect of the appeal of the product. The probabilities of flavors and fragrances are endless, ranging from floral, musky to warm and woody. They are usually prepared using natural/artificial chemicals and essential oils to deliver a specific flavor and enhance existing ones. The flavors industry's key end-users include beverages, dairy, confectionery, meat, snacks, bakery, etc. On the other hand, some of the key end-users of the fragrances industry are cosmetics and toiletries, soap and detergents, and air fresheners, etc.
The market is mainly driven by strong growth in the food and beverage industry. Rising global population and growing urbanization rates, the demand for processed foods and beverages has been witnessing continuous growth, creating a positive impact on the growth of the market. Moreover, rising incomes, changing lifestyles, and growing knowledge towards physical appearance, the market for personal care products has also been observing a strong growth creating a strong demand for flavors and fragrances. Other factors driving the market are emerging markets, rising demand for organic and natural products, growing young population, etc.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of flavor and fragrance.
Market Segmentation
The entire flavor and fragrance market has been sub-categorized into product type, application and raw material. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
By Application
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for flavor and fragrance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Flavor and Fragrance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flavor and fragrance market include Givaudan, Firmenich, International Flavors & d Fragrances, Symrise, MANE, Frutarom, Takasago, Sensient Technologies Corporation, Hasegawa, Huabao International Holdings Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
The Global Flavor and Fragrance Market was sized at around USD 21.5 billion in 2019 and is expanding at a CAGR of 3.5% from 2020 to 2026.
The market is mainly driven by strong growth in the food and beverage industry. Rising global population and growing urbanization rates, the demand for processed foods and beverages has been witnessing continuous growth, creating a positive impact on the growth of the market. Moreover, rising incomes, changing lifestyles, and growing knowledge towards physical appearance, the market for personal care products has also been observing a strong growth creating a strong demand for flavors and fragrances. Other factors driving the market are emerging markets, rising demand for organic and natural products, growing young population, etc.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of flavor and fragrance.
Market Segmentation
The entire flavor and fragrance market has been sub-categorized into product type, application and raw material. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Flavor
- Dairy
- Savory/Snacks
- Beverage
- Confectionery/ Bakery
- Others
- Fragrance
- Fine fragrance
- Cosmetics and toiletries
- Soaps and detergents
- Household and air care
- Others
By Application
- Aroma Chemical
- Essential Oils
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for flavor and fragrance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Flavor and Fragrance Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flavor and fragrance market include Givaudan, Firmenich, International Flavors & d Fragrances, Symrise, MANE, Frutarom, Takasago, Sensient Technologies Corporation, Hasegawa, Huabao International Holdings Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . GLOBAL FLAVOR AND FRAGRANCE MARKET – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL FLAVOR AND FRAGRANCE MARKET MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Flavor Historic and Forecast Sales by Regions
6.5 Fragrance Historic and Forecast Sales by Regions
7 . GLOBAL FLAVOR AND FRAGRANCE MARKET MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Aroma Chemical Historic and Forecast Sales by Regions
7.5 Essential Oils Historic and Forecast Sales by Regions
8 . GLOBAL FLAVOR AND FRAGRANCE MARKET MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE GLOBAL FLAVOR AND FRAGRANCE MARKET COMPANIES
9.1. Global Flavor And Fragrance Market Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF GLOBAL FLAVOR AND FRAGRANCE MARKET INDUSTRY
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Givaudan
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Firmenich
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. International Flavors & Fragrances
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Symrise
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. MANE
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Frutarom
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. Takasago
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Sensient Technologies Corporation
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Hasegawa
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. Huabao International Holdings Ltd.
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Flavor Market Sales by Geography (USD MN)
- Fragrance Market Sales by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Aroma Chemical Market Sales by Geography (USD MN)
- Essential Oils Market Sales by Geography (USD MN)
- GLOBAL Flavor And Fragrance Market Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Global Flavor And Fragrance Market Report
- Market Research Process
- Market Research Methodology
- GLOBAL Flavor And Fragrance Market Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- Flavor Market Sales by Geography (USD MN)
- Fragrance Market Sales by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Aroma Chemical Market Sales by Geography (USD MN)
- Essential Oils Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Companies Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments