The global flavor and fragrance market is expected to reach $33.14 billion by 2022

   March 27 2017
According to a new market report published by Lucintel, the future of the global flavor and fragrance market looks good with opportunities in flavor and fragrance products, such as dairy, savory/snacks, fine fragrance, cosmetic and toiletries, and household and air care. The global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income among middle class, changing consumer preferences, and growing awareness among customers to buy products that contain natural ingredients.

Browse 78 market data tables and 83 figures spread through 173 pages and in-depth TOC on “Global Flavor and Fragrance Market"

In this market, fine fragrance, soap and detergents, cosmetics and toiletries, household and air care are the major applications of fragrance. Dairy, beverage, savory/ snacks, and confectionery/bakery are the major applications of flavor. Lucintel predicts that the demand for fragrance is likely to experience the highest growth in the forecast period, supported by growing demand in end use applications.

On the basis of its comprehensive research, Lucintel forecasts that dairy, fine fragrances, and household and air care likely to experience the highest growth in the forecast period. Within the global flavor market, the beverage application is likely to remain the largest segment during the forecast period, while soap & detergents is likely to be the largest segment for the fragrance market.         

Download Free PDF Brochure @

Asia Pacific is expected to become the largest market and is also expected to witness above average growth over the forecast period due to strengthening economies, growing urbanization, changing lifestyle, and a rise in per capita income.

For business expansion, the report suggests innovation and new product development to produce ready-made active ingredients that provide solutions for skin care applications. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost products for customers.

Pre-Purchase Query @

Emerging trends, which have a direct impact on the dynamics of the industry, include increased use of biotic ingredients and business expansion by major players in emerging markets. Givaudan, Firmenich, IFF, Symrise AG, and Takasago are among the major suppliers of the flavor and fragrance market.


Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flavor and fragrance market by product,  application,  raw material, country, and region, and has come up with a comprehensive research report, entitled “Growth Opportunities in the Global Flavor and Fragrance Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions.

 The study includes a forecast for the global flavor and fragrance by product type, application, raw material, country, and region as follows:

Flavor and fragrance market by product Type (Value ($B) shipment analysis from 2011-2022):

  • Flavor

  • Fragrance

Flavor Market by application (Value ($B) shipment analysis from 2011-2022):

  • Dairy

  • Savory/Snacks

  • Beverage

  • Confectionery/ Bakery

  • Others

Flavor Market by application (Value ($B) shipment analysis from 2011-2022):

  • Fine fragrance

  • Cosmetic and toiletry

  • Soap and detergents

  • House hold and air care

  • Others

Flavor and fragrance market by raw material (Value ($B) shipment analysis from 2011-2022)

  • Aroma Chemical

  • Essential Oils

Flavor and Fragrance Market by region (Value ($B) shipment analysis from 2011-2022)           

  • North America

  • Europe

  • Asia Pacific

  • Rest of the World

Flavor and fragrance market by Country (Value ($B) shipment analysis from 2011-2022):

  • US

  • Western Europe

  • Eastern Europe

  • Central Europe

  • China

  • Japan

  • India

  • Middle East

  • South America

  • Africa

Download Free Sample Page @

This 173-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services for executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [52]
Chemical [141]
Composites & Advanced Materials [119]
Construction & Industrial [56]
Consumer and Retail [88]
Economic Analysis [86]
Energy & Utility [72]
Finance & Services [10]
Healthcare [29]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [63]
Transportation [89]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on