Global Flavors and Fragrances Market to Grow at 3.94% During 2022-2027, Impelled by Widespread Prominence of Aromatherapy

January 03, 2022

According to the latest report by IMARC Group, titled "Flavors and Fragrances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global flavors and fragrances market size reached US$ 29.6 Billion in 2021. Flavors and fragrances are widely used in order to enhance the smell and taste of a product. They are generally prepared using aroma compounds that aid in improving the aesthetic value of a particular substance. Some of the commonly utilized flavors and fragrances include sweet, woody, fruity, floral, and musky, which provide pleasing scents to various home and personal care and confectionary products. Along with this, they are also used in aromatherapy as healing scents for mental well-being and hygiene as well as for beauty and ailment treatments.   

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Flavors and Fragrances Market Trends:

The global market is primarily driven by the shifting lifestyle preferences of the masses. Coupled with the rising consciousness among individuals toward maintaining an appealing appearance, this is creating a positive outlook for the market. In line with this, inflating disposable income levels of the masses is also providing a boost to the market growth. Along with this, the increasing adoption of various flavor and fragrance substances across the food and beverages sector is one of the key factors driving the growth of the market. Moreover, due to the rising health-consciousness among individuals, leading players are heavily investing in the formulation of organic flavor and fragrance variants, which is contributing to the market growth. Other factors, including the increasing popularity of aromatherapy for treating various chronic illnesses, the rising product utilization in the pharmaceutical industry and extensive research and development (R&D) activities conducted by key players to introduce diversified product variants, are also projected to drive the market further. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 3.94% during the forecast period (2022-2027).

Global Flavors Market Summary:

  • Based on the product type, the market has been classified into nature-identical, artificial and natural. Nature-identical currently accounts for the majority of the total market share.
  • On the basis of the form, the market has been bifurcated into liquid and dry. Among these, liquid form represented the largest share.
  • Based on the application, the market has been categorized into beverages, dairy and frozen desserts, bakery and confectionery products, savories and snacks and others. Beverages currently account for the highest market share.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Europe (Germany, the United Kingdom, France, Italy, Spain and others), Asia Pacific (China, Japan, India, South Korea and others), Latin America (Brazil, Argentina and others) and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates and others). Amongst these, North America holds the leading market position.
     

Global Fragrances Market Summary:

  • Based on the application, the market has been segmented into soap and detergents, cosmetics and toiletries, fine fragrances, household cleaners and air fresheners, and others. Among these, soap and detergents account for the biggest market share.
  • On the basis of the ingredients, the market has been bifurcated into natural and synthetic. Synthetic ingredients currently hold the majority of the total market share. 
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Europe (Germany, the United Kingdom, France, Italy, Spain and others), Asia Pacific (China, Japan, India, South Korea and others), Latin America (Brazil, Argentina and others) and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates and others). Amongst these, North America holds the leading position in the market.
     

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Takasago International Corporation, Sensient Technologies Corporation, V. MANE FILS, SA, Robertet SA, T. Hasegawa Co., Ltd., Frutarom Industries Ltd., Bell Flavors & Fragrances, Inc., Archer Daniels Midland Company (ADM), Kerry Group plc, Ogawa & Co., Ltd. and Huabao International Holdings Limited.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Global Flavors and Fragrances Market to Grow at 3.94% During 2022-2027, Impelled by Widespread Prominence of Aromatherapy
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More