Global Flavor and Fragrance Market Growth 2023-2029

Global Flavor and Fragrance Market Growth 2023-2029

Flavor and fragrance are defined as substances that give another substance pleasant odor, altering the characteristics of the solute, causing it to become sweet, sour, tangy, etc.
Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. Fragrances are mainly used in fine fragrances and consumer products including body care, home care and oral care.
LPI (LP Information)' newest research report, the “Flavor and Fragrance Industry Forecast” looks at past sales and reviews total world Flavor and Fragrance sales in 2022, providing a comprehensive analysis by region and market sector of projected Flavor and Fragrance sales for 2023 through 2029. With Flavor and Fragrance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flavor and Fragrance industry.
This Insight Report provides a comprehensive analysis of the global Flavor and Fragrance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flavor and Fragrance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flavor and Fragrance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flavor and Fragrance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flavor and Fragrance.
The global Flavor and Fragrance market size is projected to grow from US$ 28210 million in 2022 to US$ 34960 million in 2029; it is expected to grow at a CAGR of 34960 from 2023 to 2029.
The technical barriers of flavor and fragrance are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied more than 53% market share of total sales amount. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, and Boton.
This report presents a comprehensive overview, market shares, and growth opportunities of Flavor and Fragrance market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Flavor
Fragrance
Segmentation by application
Food and Beverages
Daily Chemicals
Tobacco Industry
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
International Flavors＆Fragrances
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Zhonghua
Shanghai Apple
Wanxiang International
Boton
Key Questions Addressed in this Report
What is the 10-year outlook for the global Flavor and Fragrance market?
What factors are driving Flavor and Fragrance market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Flavor and Fragrance market opportunities vary by end market size?
How does Flavor and Fragrance break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.