Global Flavours and Fragrances Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global flavors and fragrances market in its upcoming report titled, “Global Flavors and Fragrances Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global flavors and fragrances market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flavors and fragrances market report has been segmented on the basis of ingredients, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Flavor and fragrances are sensory impressions of taste and smell of food or any other substances. Flavors are manufactured by using natural ingredients or chemical components such as essential oils, fruits, spices, etc., whereas fragrances are extracted from natural elements or manufactured using combinations of various ingredients such as vegetables, flowers, animals, etc. Flavors and fragrances are used in dietary supplements, food industry, cosmetics etc.
Increasing use of various flavors and fragrance in the food industry, bolsters the demand of flavors and fragrances and driving the growth of the global market. Increasing adoption of a healthy lifestyle and rising demand for natural and organic flavors and fragrances among individuals are also fueling the growth of the target market. Increasing demand for dietary supplements and energy drinks are factors propelling growth of the global flavor and fragrances market. Increasing disposable income and preference towards fragrance soaps, toiletries and cosmetics also boost the growth of the global market over the forecast period.
However, artificial flavor and fragrances can cause headaches, allergies and fatigue, which may hamper the demand of the flavor and fragrances and restrain the growth of the global flavors and fragrances market.
Development of all natural flavors and fragrances and introduction of new products range can create high revenue opportunities for target players in the market.
The market in Asia Pacific accounts for largest market share in terms of revenue and volume and is expected to maintain its dominance over the forecast period, owing to availability of raw material and increasing food processing industry in developing countries. The market in North America is expected to account for a second-highest share in the market in terms of value over the forecast period, owing to the increasing use of home care products such as fresheners and toiletries in the region. The market in Europe is expected to witness average growth, owing presence of local manufacturing companies in the region.
Global Flavors and Fragrances Market Segmentation:
Segmentation by ingredients:
Segmentation by application:
- Dairy Products
- Savory & Snacks
- Consumer Products
- Fine Fragrances
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Givaudan SA
- International Flavors & Fragrances Inc.
- Firmenich SA
- Mane SA
- Symrise AG
- Sensient Technologies Corporation
- Takasago International Corporation
- Frutarom Industries Ltd.
- Robertet SA
- Hasegawa Co., Ltd.
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