Global Flavor and Fragrance Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Flavor and Fragrance Market
Due to the COVID-19 pandemic, the global Flavor and Fragrance market size is estimated to be worth US$ 29780 million in 2022 and is forecast to a readjusted size of US$ 35560 million by 2028 with a CAGR of 3.0% during the review period. Fully considering the economic change by this health crisis, Flavor accounting for % of the Flavor and Fragrance global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Food and Beverages segment is altered to an % CAGR throughout this forecast period.
The technical barriers of flavor and fragrance are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied more than 53% market share of total sales amount. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, and Boton.
In terms of production side, this report researches the Flavor and Fragrance capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Flavor and Fragrance by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Flavor and Fragrance Scope and Segment
Flavor and Fragrance market is segmented 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 production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Flavor
Fragrance
Segment by Application
Food and Beverages
Daily Chemicals
Tobacco Industry
By Company
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
Production by Region
North America
Europe
Middle East & Africa
Japan
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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