The global demand for Natural Flavors and Fragrances Market is presumed to reach the market size of nearly USD 45.06 MN by 2028 from USD 11.26 MN in 2021 with a CAGR of 7.51% under the study period 2022 - 2028.
Natural flavors are chemicals & essential oils extracted from foods, including dairy, fruits, vegetables, herbs, spices, bark, buds, and leaves. Natural fragrances are scents created from elements of nature, such as trees, plants, and animals. Lactones, acids, esters, ketones, alcohol, and aldehydes are used to create natural flavors and fragrances. They are substances that are added to products to increase value by changing the properties of the solute, such as adding a pleasant smell or sweet, sour, tangy, or other flavors. These sensory stimulation solutions go through a rigorous manufacturing process. They are either made from organic and synthetic compounds or essential oils like those found in citrus fruits, vanilla beans, beaver castor, and deer musk. These products' natural equivalents are made from components derived from plants and animals.
Market Dynamics
Natural flavors and fragrances are witnessing growth due to surging demand for talcum powder, hair oils, soaps, creams, deodorants, and perfumes. The natural flavors and fragrances market will rise due to rising demand for air fresheners for cars and homes and growing consumer interest in aromatherapy. The need for scents to foster a welcoming environment in the hospitality sector will further flourish the market growth. The rapidly growing cosmetics industry is the market's primary growth driver of natural flavors and fragrance market. The demand for perfumes, cosmetics, toiletries, soaps, and detergents increased in developing economies. These fragnances are in more demand due to the growing trend towards organic substances in personal care products, which are considered safer, healthier, and more therapeutic when ingested.
The research 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 an inclusive assessment of each segment in the global market of natural flavors and fragrances. The growth and trends of natural flavors and fragrances industry provide a holistic approach to this study.
Market Segmentation
This section of the natural flavors and fragrances market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Essential Oils
- Oleoresins
- Dried Crops
- Herbal Extracts
- Others
By Technology
- Fermentation
- Extraction
- Distillation
- Others
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Natural Flavors and Fragrances market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Natural Flavors and Fragrances 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 natural flavors and fragrances market include MANE, Keva Flavours Pvt. Ltd., Dohler GmbH, Blue Pacific Flavours, Inc., Stringer Flavours Ltd., Biolandes, Young Living Essential Oils LC, dÅTERRA, Falcon, BASF SE, Symrise, Firmenich SA, Givaudan, International Flavors & Fragrances Inc., Flavex Naturextrakte GmbH, Universal Oleoresins, Manohar Botanical Extracts Pvt. Ltd., Sensient Technologies, Takasago International Corp., T. Hasegawa CO., LTD., Robertet, McCormick & Company, Inc., Kerry Group plc, ADM. This section consists of 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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