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Flavor and Fragrance Market Trends and Forecast
The future of the flavor and fragrance market looks promising with opportunities in the dairy, beverages, savory, confectionery, fine fragrances, cosmetics & toiletries, soaps & detergents, household & air fresheners market. The global flavor and fragrance market is expected to reach an estimated $38.5 billion by 2027 with a CAGR of 4.1% from 2021 to 2027. The major drivers for this market are increasing urbanization, rise in disposable income among middle class consumers and change in consumer behavior such as taste, preference and lifestyle.
Flavor and Fragrance Market by Application, Ingredient Type, and Product Form
Emerging Trends in the Flavor and Fragrance Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing use of biotic ingredients in beverage and dairy products.
A total of 114 figures / charts and 96 tables are provided in this 206-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the flavor and fragrance market report, please download the report brochure.
Flavor and Fragrance Market by Segments
Flavor and Fragrance Market by Segment
The study includes a forecast for the global flavor and fragrance market by application, ingredient type, product form, and region as follows:
Flavor and Fragrance Market by Application [Value ($B) shipment analysis for 2016 – 2027]:
Flavor and Fragrance Market by Ingredient Type [Value ($B) shipment analysis for 2016 – 2027]:
Flavor and Fragrance Market by Product Type [Value ($B) shipment analysis for 2016 – 2027]:
  • Flavor
  • Fragrance
Flavor and Fragrance Market by Region [Value ($B) shipment analysis for 2016 – 2027]:
  • North America
  • US
  • Europe
  • Western Europe
  • Eastern Europe
  • Central Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Others
  • The Rest of the World
  • Middle East
  • South America
  • Africa
List of Flavor and Fragrance Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies flavor and fragrance companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flavor and fragrance companies profiled in this report include.
Flavor and Fragrance Market Insight
  • Lucintel forecasts that beverage will remain the largest application segment over the forecast period due to growing consumption of energy soft drinks, sports drinks, and juices.
  • Essential oils of flavor and fragrance will remain the largest segment over the forecast period due to its better cleansing and moisturizing properties.
  • Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to strengthening economies, growing urbanization, changing lifestyle, and a rise in per capita income.
Features of Flavor and Fragrance Market
  • Market Size Estimates: Flavor and fragrance market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by application, ingredient type, product type and region
  • Regional Analysis: Flavor and fragrance market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different end use industry, product type and regions for the flavor and fragrance market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the flavor and fragrance market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
 
Q1. What is the flavor and fragrance market size?
Answer: The global flavor and fragrance market is expected to reach an estimated $38.5 billion by 2027           
Q2. What is the growth forecast for flavor and fragrance market?
Answer: The flavor and fragrance market is expected to grow at a CAGR of 4.1% from 2021 to 2027.    
Q3. What are the major drivers influencing the growth of the flavor and fragrance market?
Answer: The major drivers for this market are increasing urbanization, rise in disposable income among middle class consumers and change in consumer behavior such as taste, preference and lifestyle.           
Q4. What are the major applications or end use industries for flavor and fragrance?
Answer: Beverage and fine fragrance application are the major applications for flavor and fragrance.     
Q5. What are the emerging trends in flavor and fragrance market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, the increasing use of biotic ingredients in beverage and dairy products.
Q6. Who are the key flavor and fragrance companies?
Answer: Some of the key flavor and fragrance companies are as follows:
  • Givaudan
  • Firmenich
  • International Flavors &d Fragrances
  • Symrise
  • MANE
  • Frutarom
  • Takasago
  • Sensient Technologies Corporation
  • Hasegawa
  • Huabao International Holdings Ltd
Q7.Which flavor and fragrance product segment will be the largest in future?
Answer: Lucintel forecasts that essential oils of flavor and fragrance will remain the largest segment over the forecast period increasing demand for aromatherapy, increased demand for food & beverage and cosmetic applications, and growing research & development activities.
Q8: In flavor and fragrance market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years  
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global flavor and fragrance market by applications (dairy, savory, confectionery, beverage, fine fragrance, cosmetic & toiletry, soaps & detergents, household & air care, and others), product type (flavor and fragrance), ingredients type (essential oils and aroma chemical), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
 
For any questions related to flavor and fragrance market or related to flavor and fragrance suppliers, flavor and fragrance manufacturers, flavor and fragrance raw material, flavor and fragrance cost, flavor and fragrance market trend and forecast, flavor and fragrance applications, flavor and fragrance market share, flavor and fragrance market analysis, flavor and fragrance market size, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
 
                                                                                                            
1. Executive Summary
 
2. Global Flavor and Fragrance Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Flavor and Fragrance Market Trends and Forecast
3.3 Global Flavor Market by Application 
3.3.1: Dairy
3.3.2: Beverages
3.3.3: Savory/Snacks
3.3.4: Confectionery/Bakery
3.3.5: Others
3.4: Global Fragrance Market by Application
3.4.1: Fine Fragrance
3.4.2: Cosmetics and Toiletries
3.4.3: Soaps and Detergents
3.4.4: Household and Air Fresheners
3.4.5: Others
3.5: Global Flavor and Fragrance Market by Ingredient Type
3.5.1: Fine Fragrance
3.5.2: Cosmetics and Toiletries
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Flavor and Fragrance Market by Region
4.2: North American Flavor and Fragrance Market
4.2.1: Flavor Market by Application: Dairy, Beverages, Savory/Snacks, Confectionery/Bakery, and Others
4.2.2: Market by Fragrance Market by Application: Fine Fragrance, Cosmetics and Toiletries, Soap and Detergents, Household and Air Fresheners, Others
4.2.3: United States Flavor and Fragrance Market
4.3: European Flavor and Fragrance Market
4.3.1: Flavor Market by Application: Dairy, Beverages, Savory/Snacks, Confectionery/Bakery, and Others
4.3.2: Market by Fragrance Market by Application: Fine Fragrance, Cosmetics and Toiletries, Soap and Detergents, Household and Air Fresheners, Others
4.3.3: European Flavor and Fragrance Market by Sub-Region
4.3.3.1: Eastern Europe
4.3.3.2: Western Europe
4.3.3.3: Central Europe
4.4: APAC Flavor and Fragrance Market
4.4.1: Flavor Market by Application: Dairy, Beverages, Savory/Snacks, Confectionery/Bakery, and Others
4.4.2: Market by Fragrance Market by Application: Fine Fragrance, Cosmetics and Toiletries, Soap and Detergents, Household and Air Fresheners, Others
4.4.3: Chinese Flavor and Fragrance Market
4.4.4: Japanese Flavor and Fragrance Market
4.4.5: Indian Flavor and Fragrance Market
4.4.6: Others Flavor and Fragrance Market
4.5: ROW Flavor and Fragrance Market
4.5.1: Flavor Market by Application: Dairy, Beverages, Savory/Snacks, Confectionery/Bakery, and Others
4.5.2: Market by Fragrance Market by Application: Fine Fragrance, Cosmetics and Toiletries, Soap and Detergents, Household and Air Fresheners, Others
4.5.3: Middle Eastern Flavor and Fragrance Market 
4.5.4: South American Flavor and Fragrance Market
4.5.5: African Flavor and Fragrance Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Flavor Market by Application
6.1.2: Growth Opportunities for the Global Fragrance Market by Application
6.1.3: Growth Opportunities for the Global Flavor and Fragrance Market by Ingredient Type
6.1.4: Growth Opportunities for the Global Flavor and Fragrance Market by Region
6.2: Emerging Trends in the Global Flavor and Fragrance Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansions
6.3.3: Mergers and Acquisitions
6.3.4: Technological Development
 
7. Company Profiles of Leading Players
7.1: Givaudan
7.2: Firmenich
7.3: International Flavors & Fragrances
7.4: Symrise
7.5: MANE
7.6: Frutarom 
7.7: Takasago
7.8: Sensient Technologies Corporation
7.9: Hasegawa
7.10: Huabao International Holdings Ltd 
 
.

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Title/Chapter Name Pages Price
Full Report: Flavor and Fragrance Market: Trends, Opportunities and Competitive Analysis Full Report $ 4,850
114 figures/charts and 96 tables are provided in this 206 - page report
Chapter - 1: Executive Summary 6 $ 435
Executive Summary
Chapter - 2: Market Background and Classifications 11 $ 218
Market Background and Classifications
Chapter - 3: Market Trends and Forecast Analysis from 2013 to 2024 54 $ 1,740
Market Trends and Forecast Analysis from 2013 to 2024
Chapter - 4: Market Trends and Forecast Analysis by Region 53 $ 2,248
Market Trends and Forecast Analysis by Region
Chapter - 5: Competitor Analysis 12 $ 725
Competitor Analysis
Chapter - 6: Growth Opportunities and Strategic Analysis 17 $ 508
Growth Opportunities and Strategic Analysis
Chapter - 7: Company Profiles of Leading Players 28 $ 870
Company Profiles of Leading Players
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the flavor and fragrance market. Key flavor and fragrance manufacturers are Givaudan, Firmenich, IFF, Symrise, and Takasago.
 
Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
 

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