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Flavor and fragrance are defined as substances that give another substance pleasant odor, altering the characteristics of the solute, causing it to become sweet, sour, tangy, etc.
Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. Fragrances are mainly used in fine fragrances and consumer products including body care, home care and oral care.
Flavor and fragrance are widely used in food and beverage market, and daily chemicals for personal care and household products, and fine fragrance and beauty care. The key factors driving the growth of the aforementioned industry are increasingly flavor and fragrance consumption. The expansions of application drive the market growth and support the growth of this market over forecast period. Flavor and fragrance industry will usher in a stable growth space.
In the past few years, the price of flavor and fragrance decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of flavor and fragrance. Therefore, to some extent, the companies face the risk of profit decline.
Market Analysis and Insights: Global Flavor and Fragrance Market
The global Flavor and Fragrance market size is projected to reach US$ 33430 million by 2026, from US$ 28000 million in 2020, at a CAGR of 3.0% during 2021-2026.
Global Flavor and Fragrance Scope and Segment
The global Flavor and Fragrance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Flavor and Fragrance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Flavor and Fragrance market is segmented into
Flavor
Fragrance
Segment by Application, the Flavor and Fragrance market is segmented into
Food and Beverages
Daily Chemicals
Tobacco Industry
Flavor and Fragrance market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Flavor and Fragrance business, the date to enter into the Flavor and Fragrance market, Flavor and Fragrance product introduction, recent developments, etc.
The major vendors covered:
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
International Flavors＆Fragrances
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Zhonghua
Shanghai Apple
Wanxiang International
Boton
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Flavor and Fragrance markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Flavor and Fragrance market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. Fragrances are mainly used in fine fragrances and consumer products including body care, home care and oral care.
Flavor and fragrance are widely used in food and beverage market, and daily chemicals for personal care and household products, and fine fragrance and beauty care. The key factors driving the growth of the aforementioned industry are increasingly flavor and fragrance consumption. The expansions of application drive the market growth and support the growth of this market over forecast period. Flavor and fragrance industry will usher in a stable growth space.
In the past few years, the price of flavor and fragrance decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of flavor and fragrance. Therefore, to some extent, the companies face the risk of profit decline.
Market Analysis and Insights: Global Flavor and Fragrance Market
The global Flavor and Fragrance market size is projected to reach US$ 33430 million by 2026, from US$ 28000 million in 2020, at a CAGR of 3.0% during 2021-2026.
Global Flavor and Fragrance Scope and Segment
The global Flavor and Fragrance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Flavor and Fragrance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the Flavor and Fragrance market is segmented into
Flavor
Fragrance
Segment by Application, the Flavor and Fragrance market is segmented into
Food and Beverages
Daily Chemicals
Tobacco Industry
Flavor and Fragrance market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Flavor and Fragrance business, the date to enter into the Flavor and Fragrance market, Flavor and Fragrance product introduction, recent developments, etc.
The major vendors covered:
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
International Flavors＆Fragrances
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Zhonghua
Shanghai Apple
Wanxiang International
Boton
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Flavor and Fragrance markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Flavor and Fragrance market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
