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Flavors and Fragrances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global flavors and fragrances market was worth US$ 27.9 billion in 2018. Flavors and fragrances are substances that are used to enhance the overall aesthetic value of a product by altering its smell and taste. Flavors are majorly used in the foods, beverages, dairy and confectionary industries, whereas, fragrances are used for providing fine smells in body care, home care and cosmetic products. Taste and smell are among the key determinants for the appeal of the product. The possibilities of flavors and fragrances are endless, ranging from floral, musky to warm and woody. They are usually prepared using natural/artificial chemicals and essential oils to deliver a specific flavor and to enhance the existing ones. The key end-users of the flavors industry include beverages, dairy, confectionary, meat, snacks, healthcare, bakery, etc. On the other hand, some of the key end-users of the fragrances industry include cosmetics and toiletries, soap and detergents, household cleaners and air fresheners, etc.

Global Flavors and fragrances

A key driver of the global flavors and fragrances market is the strong growth in the food and beverage industry. Catalysed by a rising global population and increasing urbanization rates, the demand of processed foods and beverages has been witnessing a continuous growth creating a positive impact on the growth of the market. Moreover, driven by rising incomes, changing lifestyle and increasing consciousness towards physical appearance, the market for personal care products has also been witnessing a strong growth creating a strong demand for flavors and fragrances. Other major factors driving the market include emerging markets, rising demand for organic and natural products, growing young population, etc. Looking forward, IMARC expects the market to grow at a CAGR of around 4% during 2019-2024, reaching a value of US$ 35.1 billion by 2024.

Report Coverage:

Global Flavors Market:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Product Type:
    • Natural-Identical
    • Artificial
    • Natural
       
  • Market Breakup by Form:
    • Liquid
    • Dry
       
  • Market Breakup by Application:
    • Beverages
    • Dairy and Frozen Desserts
    • Bakery and Confectionery Products
    • Savories and Snacks
    • Others
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Global Fragrances Market:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Product Type:
    • Cosmetics and Toiletries
    • Fine Fragrances
    • Household Cleaners and Air Fresheners
    • Soap and Detergents
    • Others
       
  • Market Breakup by Ingredients:
    • Natural
    • Synthetic 
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Givaudan, Firmenich, International Flavors & Fragrances, Symrise, Takasago, Sensient, Mane, Robertet, T.Hasegawa, Frutarom, Bell Flavors & Fragrances, Archer Daniels Midland, Kerry, Ogawa & Co., Ltd., Huabao, etc.


1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Flavors Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Region
        5.3.1    North America 
        5.3.2    Europe 
        5.3.3    Asia Pacific 
        5.3.4    Middle East and Africa 
        5.3.5    Latin America
    5.4    Market Breakup by Product Type
        5.4.1    Natural-Identical
        5.4.2    Artificial 
        5.4.3    Natural
    5.5    Market Breakup by Form
        5.5.1    Liquid 
        5.5.2    Dry 
    5.6    Market Breakup by Application
        5.6.1    Beverages 
        5.6.2    Dairy and Frozen Desserts  
        5.6.3    Bakery and Confectionery Products 
        5.6.4    Savories and Snacks  
        5.6.5    Others 
    5.7    Market Forecast
6    Global Fragrances Market
    6.1    Market Overview
    6.2    Market Performance
    6.3    Market Breakup by Region
        6.3.1    North America 
        6.3.2    Europe 
        6.3.3    Asia Pacific 
        6.3.4    Middle East and Africa 
        6.3.5    Latin America
    6.4    Market Breakup by Product Type
        6.4.1    Cosmetics and Toiletries  
        6.4.2    Fine Fragrances 
        6.4.3    Household Cleaners and Air Fresheners 
        6.4.4    Soap and Detergents  
        6.4.5    Others  
    6.5    Market Breakup by Ingredients 
        6.5.1    Natural 
        6.5.2    Synthetic 
    6.6    Market Forecast
7    SWOT Analysis 
    7.1    Overview 
    7.2    Strengths 
    7.3    Weaknesses 
    7.4    Opportunities 
    7.5    Threats 
8    Value Chain Analysis 
9    Porters Five Forces Analysis 

    9.1    Overview 
    9.2    Bargaining Power of Buyers 
    9.3    Bargaining Power of Suppliers 
    9.4    Degree of Competition 
    9.5    Threat of New Entrants 
    9.6    Threat of Substitutes 
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
        10.3.1    Givaudan 
        10.3.2    Firmenich 
        10.3.3    International Flavors & Fragrances 
        10.3.4    Symrise 
        10.3.5    Takasago 
        10.3.6    Sensient 
        10.3.7    Mane 
        10.3.8    Robertet 
        10.3.9     T.Hasegawa 
        10.3.10     Frutarom 
        10.3.11      Bell Flavors & Fragrances 
        10.3.12      Archer Daniels Midland 
        10.3.13      Kerry 
        10.3.14      Ogawa & Co., Ltd. 
        10.3.15      Huabao 


List of Figures

Figure 1: Global: Flavors and Fragrances Market: Major Drivers and Challenges
Figure 2: Global: Flavors Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Fragrances Market: Sales Value (in Billion US$), 2013-2018
Figure 4: Global: Flavors Market: Breakup by Product Type (in %), 2018
Figure 5: Global: Flavors Market: Breakup by Form (in %), 2018
Figure 6: Global: Flavors Market: Breakup by Application (in %), 2018
Figure 7: Global: Flavors Market: Breakup by Region (in %), 2018
Figure 8: Global: Fragrances Market: Breakup by Product Type (in %), 2018
Figure 9: Global: Fragrances Market: Breakup by Ingredients (in %), 2018
Figure 10: Global: Fragrances Market: Breakup by Region (in %), 2018
Figure 11: Global: Flavors Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 12: Global: Fragrances Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 13:Global: Flavors and Fragrances Industry: SWOT Analysis
Figure 14:Global: Flavors and Fragrances Industry: Value Chain Analysis
Figure 15:Global: Flavors and Fragrances Industry: Porter’s Five Forces Analysis
Figure 16: Global: Flavors (Natural-Identical) Market: Sales Value (in Million US$), 2013-2018
Figure 17: Global: Flavors (Natural-Identical) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Flavors (Artificial) Market: Sales Value (in Million US$), 2013-2018
Figure 19: Global: Flavors (Artificial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Flavors (Natural) Market: Sales Value (in Million US$), 2013-2018
Figure 21: Global: Flavors (Natural) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Flavors (Liquid) Market: Sales Value (in Million US$), 2013-2018
Figure 23: Global: Flavors (Liquid) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Flavors (Dry) Market: Sales Value (in Million US$), 2013-2018
Figure 25: Global: Flavors (Dry) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Flavors (Beverages) Market: Sales Value (in Million US$), 2013-2018
Figure 27: Global: Flavors (Beverages) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Flavors (Dairy and Frozen Desserts) Market: Sales Value (in Million US$), 2013-2018
Figure 29: Global: Flavors (Dairy and Frozen Desserts) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Flavors (Bakery and Confectionery Products) Market: Sales Value (in Million US$), 2013-2018
Figure 31: Global: Flavors (Bakery and Confectionery Products) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Flavors (Savories and Snacks) Market: Sales Value (in Million US$), 2013-2018
Figure 33: Global: Flavors (Savories and Snacks) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Flavors (Other Applications) Market: Sales Value (in Million US$), 2013-2018
Figure 35: Global: Flavors (Other Applications) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Fragrances (Cosmetics and Toiletries) Market: Sales Value (in Million US$), 2013-2018
Figure 37: Global: Fragrances (Cosmetics and Toiletries) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Fragrances (Fine Fragrances) Market: Sales Value (in Million US$), 2013-2018
Figure 39: Global: Fragrances (Fine Fragrances) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Global: Fragrances (Household Cleaners and Air Fresheners) Market: Sales Value (in Million US$), 2013-2018
Figure 41: Global: Fragrances (Household Cleaners and Air Fresheners) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Global: Fragrances (Soap and Detergents) Market: Sales Value (in Million US$), 2013-2018
Figure 43: Global: Fragrances (Soap and Detergents) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Global: Fragrances (Other Product Types) Market: Sales Value (in Million US$), 2013-2018
Figure 45: Global: Fragrances (Other Product Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Global: Fragrances (Natural) Market: Sales Value (in Million US$), 2013-2018
Figure 47: Global: Fragrances (Natural) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Global: Fragrances (Synthetic) Market: Sales Value (in Million US$), 2013-2018
Figure 49: Global: Fragrances (Synthetic) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 50: North America: Flavors and Fragrances Market: Sales Value (in Million US$), 2013-2018
Figure 51: North America: Flavors and Fragrances Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 52: Europe: Flavors and Fragrances Market: Sales Value (in Million US$), 2013-2018
Figure 53: Europe: Flavors and Fragrances Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 54: Asia Pacific: Flavors and Fragrances Market: Sales Value (in Million US$), 2013-2018
Figure 55: Asia Pacific: Flavors and Fragrances Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 56: Middle East and Africa: Flavors and Fragrances Market: Sales Value (in Million US$), 2013-2018
Figure 57: Middle East and Africa: Flavors and Fragrances Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 58:Latin America: Flavors and Fragrances Market: Sales Value (in Million US$), 2013-2018
Figure 59:Latin America: Flavors and Fragrances Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Flavors and Fragrances Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Flavors Market Forecast: Breakup by Product Type(in Million US$), 2019-2024
Table 3: Global: Flavors Market Forecast: Breakup by Form (in Million US$), 2019-2024
Table 4: Global: Flavors Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Fragrances Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 6: Global: Fragrances Market Forecast: Breakup by Ingredients (in Million US$), 2019-2024
Table 7: Global: Flavors and Fragrances Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 8: Global: Flavors and Fragrances Market Structure
Table 9: Global: Flavors and Fragrances Market: Key Players

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