Global Flavor and Fragrance Sales Market Report 2021

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 was valued at US$ 28840 in 2020 and will reach US$ 34430 million by the end of 2027, growing at a CAGR of 3.0% during 2022-2027.

Global Flavor and Fragrance Scope and Market Size
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 sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.

Segment by Type
Flavor
Fragrance

Segment by Application
Food and Beverages
Daily Chemicals
Tobacco Industry

The Flavor and Fragrance market is analysed and market size information is provided by regions (countries). Segment by Application, the Flavor and Fragrance market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.

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

Frequently Asked Questions