Global Flavors and Fragrances Market 2022-2028

Global Flavors and Fragrances Market 2022-2028

Flavors and fragrances are integral components of a wide range of consumer goods. They are an essential class of compound, universally employed as additives in various technological fields such as textiles, cosmetics, food, and others to ameliorate the gustatory and olfactory sensations of the product. The global flavors and fragrances market is anticipated to increase by USD 12 billion till 2028 at an average annual growth of 5.5 percent as per the latest report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global flavors and fragrances market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the flavors and fragrances industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, ingredient type, application, and region. The global market for flavors and fragrances can be segmented by product: flavors, fragrances. The fragrances segment held the largest revenue share in 2021. Flavors and fragrances market is further segmented by ingredient type: aroma chemicals, essential oils. Among these, the essential oils segment was accounted for the highest revenue generator in 2021. Based on application, the flavors and fragrances market is segmented into: backery and confectionery, beverages, cosmetics and toiletries, dairy product, detergents, savory foods, others. The beverages segment captured the largest share of the market in 2021. On the basis of region, the flavors and fragrances market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). According to the research, Asia Pacific had the largest share in the global flavors and fragrances market.

By product:

• flavors
• fragrances

By ingredient type:

• aroma chemicals
• essential oils

By application:

• backery and confectionery
• beverages
• cosmetics and toiletries
• dairy product
• detergents
• savory foods
• others

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The aroma chemicals market is further segmented into benzenoids, miscellaneous, musk chemicals, terpenes. Globally, the terpenes segment made up the largest share of the flavors and fragrances market. Furthermore, the essential oils market has been categorized into black pepper oleoresin, cassia oil, citrus oils, mint oils, nutmeg oil, paprika oleoresin, vanilla extract, others. The citrus oils segment was the largest contributor to the global flavors and fragrances market in 2021.

The market research report covers the analysis of key stake holders of the global flavors and fragrances market. Some of the leading players profiled in the report include Apple Flavor and Fragrance Group Co., Ltd., Archer Daniels Midland Company (ADM), Firmenich International S.A., Givaudan S.A., Huabao Flavours & Fragrances Co., Ltd. , International Flavors & Fragrances Inc., Kerry Group plc, MANE S.A., Robertet SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG, T. Hasegawa Co.,Ltd., Takasago International Corp., among others.

*REQUEST FREE SAMPLE TO GET A COMPLETE LIST OF COMPANIES

Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global flavors and fragrances market.
• To classify and forecast the global flavors and fragrances market based on product, ingredient type, application, region.
• To identify drivers and challenges for the global flavors and fragrances market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global flavors and fragrances market.
• To identify and analyze the profile of leading players operating in the global flavors and fragrances market.

Why Choose This Report

• Gain a reliable outlook of the global flavors and fragrances market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.