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
Covid-19 Impact on Flavors and Fragrances Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Flavors and Fragrances Market Overview
The global Flavors and Fragrances market is expected to grow at a significant rate in the next few years. The demand for flavor and fragrances has remarkably risen as it is an essential component in various packaged and consumer goods. In addition, tremendous growth in industrialization across the world which rises the production of flavored products such as food and beverages, personal care products, oral hygiene products, soaps, detergents, and household cleaners, and others. Eventually, it gives a solid boost to the development of the Flavors and Fragrances Market.
Furthermore, the rising demand for room and car fresheners and the growing popularity of aromatherapy are further driving the growth of the market for fragrance ingredients. As well, the booming hospitality sector experiencing a growth in demand for fragrances to create a pleasant atmosphere. This key fact enhancing the growth of the market. Moreover, in the recent outbreak of the COVID-19 pandemic, a bigger focus on hygiene products has driven the market for new and creative fragrances used in products such as hand washes, sanitizers, and floor cleaners. This crucial fact is expected to propel the growth of the Flavors and Fragrances market in the forthcoming years.
On the downside, fluctuating prices of raw materials hold back market development. In addition to this, stringent regulation imposed by various governments across countries on using flavors and fragrances such as the US Food and Drug Administration (FDA), European Food Safety Authority, and International Fragrance Association (IFRA) is expected to hamper the growth of the Flavors and Fragrances Market.
Flavors and Fragrances Market Segment Overview
Based on nature, the synthetic segment is expected to lead the flavors & fragrances market during the forecast period. This is due to the low cost and growing usage in end-use products such as beverages, packaged food products, home care products, and personal care products. Moreover, Food & Beverages is the fastest-growing application segment in the market. The increasing demand for flavors for beverages is mainly due to the growing demand for soft drinks, energy drinks, and other drinks. In addition, Cosmetics & Personal Care segment accounts for the largest share of the market. Factors such as rising disposable incomes, changing lifestyles, growing urbanization, increasing awareness related to hygiene and cleanliness created by advertisements are contributing more to the growth of this segment.
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
In terms of region, Asia-Pacific is expected to witness significant growth in the market during the forecast period. This is on account of the availability of raw materials and increasing demand from different application industries in this region. As well, developing countries are growing at a significant rate, therefore, the investors are investing heavily in these markets. This key fact is expected to provide huge growth opportunities for the flavor and fragrances market in the Asia Pacific region. Moreover, North America and Europe are anticipated to register growth owing to the concentration of cosmetics industries in these particular regions.
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, Key Players
· Firmenich SA · Frutarom Industries Ltd. · Givaudan International SA · Agilex Flavors & Fragrances, Inc. · Aromatech SAS · Bedoukian Research, Inc. · Huabao International Holdings Limited · Kerry Group, PLC · Robertet SA · S H Kelkar and Company Limited · Sensient Technologies Corporation · Symrise AG · International Flavors & Fragrances, Inc. · MANE · Takasago · T.HASEGAWA
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. Firmenich SA
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. Frutarom Industries Ltd.
10.6. Givaudan International SA
10.7. Agilex Flavors & Fragrances, Inc.
10.8. Aromatech SAS
10.9. Bedoukian Research, Inc.
10.10. Huabao International Holdings Limited
10.11. Kerry Group, PLC
10.12. Robertet SA
10.13. S H Kelkar and Company Limited
10.14. Sensient Technologies Corporation
10.15. Symrise AG
10.16. International Flavors & Fragrances, Inc.
10.17. MANE
10.18. Takasago
List of Figures
Figure 1: Global Flavors and Fragrances Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Flavors and Fragrances Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Flavors and Fragrances 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 Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Flavors and Fragrances 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 Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Flavors and Fragrances Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Flavors and Fragrances 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 Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Flavors and Fragrances Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Flavors and Fragrances 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 Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Flavors and Fragrances Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Flavors and Fragrances Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Flavors and Fragrances Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Flavors and Fragrances Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Flavors and Fragrances Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Flavors and Fragrances Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Flavors and Fragrances 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 Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Flavors and Fragrances Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Flavors and Fragrances 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 Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Flavors and Fragrances Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Flavors and Fragrances Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Flavors and Fragrances Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Flavors and Fragrances 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 Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Flavors and Fragrances Market Revenue (USD Billion) Forecast, by Country, 2016-2027
