Chemical
Global Flavors and Fragrances Market Opportunities and Forecast 2020-2027
  • DLR2449
  • 30 April, 2022
  • Chemical & Material
  • Pages: 120
  • Global
Global Flavors and Fragrances Market, By Type (Flavors, Fragrance) By Nature (Natural, Synthetic) By Application (Food & Beverages, Cosmetics & Personal Care, Home Care, Fabric Care), and opportunities and forecast 2020-2027

Flavors and Fragrances Market Overview

The global Flavors and Fragrances Market is expected to rise at a significant rate in the forthcoming years.  Due to an increase in demand for antiperspirants, perfumes, cleansers, creams, baby powders, and hair oils, individual attention is a vital application component. The growing demand for car and room revitalizers, as well as the increasing prevalence of fragrance-based treatments, are predicted to propel the market for scent fixes forward. Following the global pandemic, there has been a greater focus on cleanliness products, which has propelled the need for new and imaginative scents in hand washes, sanitizers, and floor cleaners.

An increase in the popularity of ready-to-eat suppers and low-cost meals is a major driver for the global food taste sector. In addition, innovative technologies, the presentation of new flavours, and a large inflow of interest in R&D projects are all factors that contribute to the development of flavour products. An increase in health consciousness suggests that a trend of using traditional flavours is on the way. Furthermore, the demand for tastes across European countries to popularise clean label or green food items free of added ingredients and other harmful chemicals has pushed the flavours and fragrance market forward.

Report Metric Details
Market size available for years 2019–2027
Base year considered 2019
Forecast period 2020–2027
Forecast unit Value (USD Million)
Segments covered Type, Nature, Application, and Region.
Regions covered North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA)
Companies covered Sensient Technologies Corporation, Firmenich SA, Huabao International Holdings Limited, Robertet SA, Frutarom Industries Ltd., Symrise AG and International Flavors & Fragrances, Inc., Kerry Group, PLC, S H Kelkar and Company Limited, Givaudan International SA, Others.


Covid-19 Impact on Flavors and Fragrances Market

A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world.

Flavors and Fragrances Market Segment Overview



According to Nature, the Synthetic segment holds the largest share of the global flavors and fragrance market and is expected to remain dominant during the forecast period. Because of their low cost and longer shelf life, synthetic tastes and fragrances have become more popular in the food and beverage, cosmetics, and personal care industries. Moreover, according to the application, the food & beverages segment held a major share in the market and is expected to remain dominant in the forthcoming period.

Flavors and Fragrances Market, By Type
·       Flavors
·       Fragrance

Flavors and Fragrances Market, By Nature
·       Natural
·       Synthetic

Flavors and Fragrances Market, By Application
·       Food & Beverages
·       Cosmetics & Personal Care
·       Home Care
·       Fabric Care

Flavors and Fragrances Regional Overview

The global Flavors and Fragrances market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe held a significant part of the global flavours and fragrances market because of the high demand from the food and beverage industry. Moreover, Asia Pacific is expected to rise significantly in the future years. This is due to increased demand from nations such as China, India, and Japan.
 
Flavors and Fragrances Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Flavors and Fragrances Market Competitor overview

Some key developments and strategies adopted by manufacturers in Flavors and Fragrances are highlighted below.

·       In February 2021, As part of its long-term strategy to expand its capabilities in Artificial Intelligence (AI), Givaudan announced that it is to acquire Myrissi. Founded in 2014 and based in France, Myrissi has developed a patented AI technology capable of translating fragrances into colour patterns and images, relevant to the consumer as well as predicting the end consumer’s emotional response. 

Flavors and Fragrances Market, Key Players

·       Sensient Technologies Corporation
·       Firmenich SA
·       Huabao International Holdings Limited
·       Robertet SA
·       Frutarom Industries Ltd.
·       Symrise AG and International Flavors & Fragrances, Inc.
·       Kerry Group, PLC
·       S H Kelkar and Company Limited
·       Givaudan International SA
·       Others

Frequently Asked Questions (FAQ) :

Q1. What are the driving factors for the global Flavors and Fragrances market?

A. The demand for tastes to popularise clean label or green food items free of added ingredients and other harmful chemicals have pushed the flavours and fragrance market forward

Q2. Which Segments are covered in the global Flavors and Fragrances market report?

A. Type, Nature, Application, and Region. these segments are covered in the global Flavors and Fragrances market report

Q3. Which segment is projected to hold the largest share in the global Flavors and Fragrances market?

A. Synthetic segment is projected to hold the largest share in the global Flavors and Fragrances market.

Q4. Which region holds the largest share in the global Flavors and Fragrances market?

A. Europe holds the largest share in the global Flavors and Fragrances market.

Q5. Which are the prominent players in the global Flavors and Fragrances market?

A. Sensient Technologies Corporation, Firmenich SA, Huabao International Holdings Limited, Robertet SA, Frutarom Industries Ltd., Symrise AG and International Flavors & Fragrances, Inc., Kerry Group, PLC, S H Kelkar and Company Limited, Givaudan International SA, Others. are some key players in the global Flavors and Fragrances market.
Flavors and Fragrances Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Flavors and Fragrances Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Type
        • 5.2.1. Flavors
        • 5.2.2. Fragrance
      • 5.3. Market Analysis, Insights and Forecast – By Nature
        • 5.3.1. Natural
        • 5.3.2. Synthetic
      • 5.4. Market Analysis, Insights and Forecast – By Application
        • 5.4.1. Food & Beverages
        • 5.4.2. Cosmetics & Personal Care
        • 5.4.3. Home Care
        • 5.4.4. Fabric Care
      • 5.5. Market Analysis, Insights and Forecast – By Region
        • 5.5.1. North America
        • 5.5.2. Europe
        • 5.5.3. Asia Pacific
        • 5.5.4. Latin America, Middle East and Africa

      6. North America Flavors and Fragrances Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Type
        • 6.2.1. Flavors
        • 6.2.2. Fragrance
      • 6.3. Market Analysis, Insights and Forecast – By Nature
        • 6.3.1. Natural
        • 6.3.2. Synthetic
      • 6.4. Market Analysis, Insights and Forecast – By Application
        • 6.4.1. Food & Beverages
        • 6.4.2. Cosmetics & Personal Care
        • 6.4.3. Home Care
        • 6.4.4. Fabric Care
      • 6.5. Market Analysis, Insights and Forecast – By Country
        • 6.5.1. U.S.
        • 6.5.2. Canada

      7. Europe Flavors and Fragrances Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Type
        • 7.2.1. Flavors
        • 7.2.2. Fragrance
      • 7.3. Market Analysis, Insights and Forecast – By Nature
        • 7.3.1. Natural
        • 7.3.2. Synthetic
      • 7.4. Market Analysis, Insights and Forecast – By Application
        • 7.4.1. Food & Beverages
        • 7.4.2. Cosmetics & Personal Care
        • 7.4.3. Home Care
        • 7.4.4. Fabric Care
      • 7.5. Market Analysis, Insights and Forecast – By Country
        • 7.5.1. UK
        • 7.5.2. Germany
        • 7.5.3. France
        • 7.5.4. Italy
        • 7.5.5. Spain
        • 7.5.6. Russia
        • 7.5.7. Rest of Europe

      8. Asia Pacific Flavors and Fragrances Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Type
        • 8.2.1. Flavors
        • 8.2.2. Fragrance
      • 8.3. Market Analysis, Insights and Forecast – By Nature
        • 8.3.1. Natural
        • 8.3.2. Synthetic
      • 8.4. Market Analysis, Insights and Forecast – By Application
        • 8.4.1. Food & Beverages
        • 8.4.2. Cosmetics & Personal Care
        • 8.4.3. Home Care
        • 8.4.4. Fabric Care
      • 8.5. Market Analysis, Insights and Forecast – By Country
        • 8.5.1. China
        • 8.5.2. India
        • 8.5.3. Japan
        • 8.5.4. Australia
        • 8.5.5. South East Asia
        • 8.5.6. Rest of Asia Pacific

      9. Latin America, Middle East and Africa Flavors and Fragrances Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Type
        • 9.2.1. Flavors
        • 9.2.2. Fragrance
      • 9.3. Market Analysis, Insights and Forecast – By Nature
        • 9.3.1. Natural
        • 9.3.2. Synthetic
      • 9.4. Market Analysis, Insights and Forecast – By Application
        • 9.4.1. Food & Beverages
        • 9.4.2. Cosmetics & Personal Care
        • 9.4.3. Home Care
        • 9.4.4. Fabric Care
      • 9.5. Market Analysis, Insights and Forecast – By Country
        • 9.5.1. Brazil
        • 9.5.2. Saudi Arabia
        • 9.5.3. UAE
        • 9.5.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Sensient Technologies Corporation
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Firmenich SA
      • 10.6. Huabao International Holdings Limited
      • 10.7. Robertet SA
      • 10.8. Frutarom Industries Ltd.
      • 10.9. Symrise AG and International Flavors & Fragrances, Inc.
      • 10.10. Kerry Group, PLC
      • 10.11. S H Kelkar and Company Limited
      List of Figures

      Figure 1: Global Flavors and Fragrances Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
      Figure 2: Global Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 3: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 4: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 5: Global Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 6: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 7: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 8: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 9: Global Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
      Figure 10: Global Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 11: Global Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 12: Global Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 13: Global Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 14: Global Market Forecast (USD Billion), by Others, 2016-2027
      Figure 15: Global Market Value (USD Billion), by Region, 2019 & 2027
      Figure 16: North America Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 17: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 18: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 19: North America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 20: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 21: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 22: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 23: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 24: North America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 25: North America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 26: North America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 27: North America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 28: North America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 29: North America Market Forecast (USD Billion), by U.S., 2016-2027
      Figure 30: North America Market Forecast (USD Billion), by Canada, 2016-2027
      Figure 31: Latin America Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 32: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 33: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 34: Latin America Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 35: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 36: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 37: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 38: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 39: Latin America Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 40: Latin America Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 41: Latin America Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 42: Latin America Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 43: Latin America Market Forecast (USD Billion), by Others, 2016-2027
      Figure 44: Latin America Market Forecast (USD Billion), by Brazil, 2016-2027
      Figure 45: Latin America Market Forecast (USD Billion), by Mexico, 2016-2027
      Figure 46: Latin America Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
      Figure 47: Europe Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 48: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 49: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 50: Europe Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 51: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 52: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 53: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 54: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 55: Europe Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 56: Europe Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 57: Europe Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 58: Europe Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 59: Europe Market Forecast (USD Billion), by Others, 2016-2027
      Figure 60: Europe Market Forecast (USD Billion), by U.K., 2016-2027
      Figure 61: Europe Market Forecast (USD Billion), by Germany, 2016-2027
      Figure 62: Europe Market Forecast (USD Billion), by France, 2016-2027
      Figure 63: Europe Market Forecast (USD Billion), by Italy, 2016-2027
      Figure 64: Europe Market Forecast (USD Billion), by Spain, 2016-2027
      Figure 65: Europe Market Forecast (USD Billion), by Russia, 2016-2027
      Figure 66: Europe Market Forecast (USD Billion), by Rest of Europe, 2016-2027
      Figure 67: Asia Pacific Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 68: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 69: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 70: Asia Pacific Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 71: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 72: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 73: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 74: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 75: Asia Pacific Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 76: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 77: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 78: Asia Pacific Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 79: Asia Pacific Market Forecast (USD Billion), by Others, 2016-2027
      Figure 80: Asia Pacific Market Forecast (USD Billion), by China, 2016-2027
      Figure 81: Asia Pacific Market Forecast (USD Billion), by India, 2016-2027
      Figure 82: Asia Pacific Market Forecast (USD Billion), by Japan, 2016-2027
      Figure 83: Asia Pacific Market Forecast (USD Billion), by Australia, 2016-2027
      Figure 84: Asia Pacific Market Forecast (USD Billion), by Southeast Asia, 2016-2027
      Figure 85: Asia Pacific Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
      Figure 86: Middle East & Africa Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
      Figure 87: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 88: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 89: Middle East & Africa Market Value Share (%), By Segment 2, 2019 & 2027
      Figure 90: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 91: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 92: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 93: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 94: Middle East & Africa Market Value Share (%), By Segment 3, 2019 & 2027
      Figure 95: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
      Figure 96: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
      Figure 97: Middle East & Africa Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
      Figure 98: Middle East & Africa Market Forecast (USD Billion), by Others, 2016-2027
      Figure 99: Middle East & Africa Market Forecast (USD Billion), by GCC, 2016-2027
      Figure 100: Middle East & Africa Market Forecast (USD Billion), by South Africa, 2016-2027
      Figure 101: Middle East & Africa Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
      List of Tables
      Table 1: Global Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 2: Global Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 3: Global Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 4: Global Market Revenue (USD Billion) Forecast, by Region, 2016-2027
      Table 5: North America Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 6: North America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 7: North America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 8: North America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 9: Europe Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 10: Europe Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 11: Europe Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 12: Europe Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 13: Latin America Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 14: Latin America Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 15: Latin America Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 16: Latin America Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 17: Asia Pacific Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 18: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 19: Asia Pacific Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 20: Asia Pacific Market Revenue (USD Billion) Forecast, by Country, 2016-2027
      Table 21: Middle East & Africa Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
      Table 22: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
      Table 23: Middle East & Africa Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
      Table 24: Middle East & Africa Market Revenue (USD Billion) Forecast, by Country, 2016-2027

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