Global Flavors & Fragrances
Market Report
2024
The global Flavors & Fragrances market size is USD 29.8 billion in 2024. The Flavors & Fragrances market will show strongest growth with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. This growth can be attributed to increasing demand worldwide for processed foods, personal hygiene goods, and cosmetics.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Flavors & Fragrances market size is USD 29.8 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Ingredients |
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Market Split by End-use Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Flavors & Fragrances Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Scent and taste sensations are enhanced by scent and flavor perceptions. Fragrances are the pleasing or enticing smells that can be discovered in cosmetics, perfumes, and other products. They consist of either naturally occurring or artificially synthesized aromatic chemicals. The distinctive sensations we detect in food and drink, however, are called flavors. Taste buds and olfactory receptors work together to make them. Urbanization and population growth are improving the outlook for the sector. The demand for scents in a variety of personal care products is also increasing due to consumers' growing awareness of personal cleanliness and grooming. In addition, customers' desire for sustainable and healthier solutions is driving the market's influence due to the growing emphasis on natural and organic products.
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In March 2022, Symrise submitted a legally binding bid to acquire both the R. Romani Society branch d'Aromatiques and Neroli Capitalize DL. The enterprises are headquartered in the French province of Grasse. With these agreements, Symrise intends to expand its fine perfume footprint in southern France, improve its ability to compete in fragrance composition creation, and enhance its market share in key European, African, and Middle Eastern markets. (Source: https://www.symrise.com/fileadmin/symrise/News/2022/pdf/220322_Symrise_PR_Binding_offer_SFA_Romani_and_Group_Neroli.pdf )
Top Companies Market Share in Flavors & Fragrances Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue because its food and beverage business is both highly developed and diverse. The need for a broad range of flavors is fueled by the existence of multiple significant food and beverage corporations, as well as a culture of culinary innovation and exploration. North America also boasts a sizable consumer base with high levels of disposable income. The wealthy people in the area have the means to purchase high-end and specialty food and drink items, many of which have complex and distinctive flavors. The market is expanding as a result of consumers' eagerness to try new foods and flavors.
Asia-Pacific stands out as the fastest-growing region in the Flavors & Fragrances market. The key reason for the Asia-Pacific region's massive earnings is an increase in income and demand for food and cosmetics. China and India have made direct contributions to earning this much profit, as their economies are expanding. The market is expected to premiumize as client spending power grows and there is a need for high-quality goods. Numerous Asian-Pacific countries' economies have expanded in recent decades as a result of industry growth.
The current report Scope analyzes Flavors & Fragrances Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Flavors & Fragrances Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Flavors & Fragrances Industry growth. Flavors & Fragrances market has been segmented with the help of its Ingredients, End-use Industry , and others. Flavors & Fragrances market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Flavors & Fragrances market.
Type Segment analysis of Flavors & Fragrances industry helps to understand the different components, trends, and consumer preferences within the industry. The F&B industry encompasses various products, from fresh produce to processed foods, beverages, and others. This diversity allows for creativity and innovation in product development. This chapter offers revenue share analysis of Flavors & Fragrances market at global as well as regional level. This detailed analysis helps to understand the specific needs of different customers. Moreover, it can help to make key decisions about product development, pricing strategies, and market positioning.
Ingredients of Flavors & Fragrances analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Flavors & Fragrances Industry. Request a Free Sample PDF!
According to cognitive market research, fragrances are the dominant category. The rising demand for different scents in toiletries, including hand washes, detergents, soaps, personal care items, and cosmetics, is responsible for this segment's sizeable stake. Furthermore, the demand for essential oils, materials, compounds, and aromatic oils is likely to be boosted in aromatherapy applications since fragrance plays a significant part in these applications.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Flavors & Fragrances Market is witnessing significant growth in the near future.
In 2023, the Natural segment accounted for noticeable share of global Flavors & Fragrances Market and is projected to experience significant growth in the near future.
The Flavors segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ADM (US) , Alpha Aromatics (Us) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Ingredients | Natural, Synthetic |
End-use Industry | Flavors, Beverages, Savory & Snacks, Dairy Products, Bakery, Confectionary, Others, Fragrances, Consumer Products, Fine Fragrances |
List of Competitors | ADM (US), Agilex Fragrances (US), Alpha Aromatics (Us), BASF SE (Germany), Akay Flavors & Aromatics Pvt. Ltd., Bell Flavors & Fragrances (US), Firmenich SA (Switzerland), Flavex Naturextrakte GmbH, Givaudan (Switzerland), Indo World, Takasago International Corporation (Japan), Ungerer & Company (US), Universal Oleoresins, International Flavors & Fragrances Inc, (US), Mane (France), Manohar Botanical Extracts Pvt. Ltd., Biolandes (France), Comax MFG Corp (US), Robertet SA (France), Sensient Technologies Corporation (US), Symrise AG, doTERRA International, Elevance Renewable Sciences, Inc., Falcon Essential Oils, Ozone Naturals, Synthite Industries Limited, T.Hasegawa USA Inc. (Japan), Vigon International, Inc., Young Living Essential Oils (US) |
This chapter will help you gain GLOBAL Market Analysis of Flavors & Fragrances. Further deep in this chapter, you will be able to review Global Flavors & Fragrances Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Flavors & Fragrances Market Trends North America Flavors & Fragrances Technological Road Map North America Flavors & Fragrances Market Drivers North America Flavors & Fragrances Market Restraints North America Flavors & Fragrances Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Ingredients Analysis 2019 -2031, will provide market size split by Ingredients. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Ingredients Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-use Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Flavors & Fragrances market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Natural have a significant impact on Flavors & Fragrances market? |
What are the key factors affecting the Natural and Synthetic of Flavors & Fragrances Market? |
What is the CAGR/Growth Rate of Flavors during the forecast period? |
By type, which segment accounted for largest share of the global Flavors & Fragrances Market? |
Which region is expected to dominate the global Flavors & Fragrances Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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