Report Highlights
The global flavor and fragrance ingredients and finished products market should reach $1.8 trillion by 2024 from $1.4 trillion in 2019 at a compound annual growth rate (CAGR) of 4.0% for the forecast period of 2019 to 2024.
Report Includes
- 56 data tables and 17 additional tables
- An overview of global flavor and fragrance ingredients and finished products market
- Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
- Insights into regulatory and environmental developments
- Information on the supply and demand scenario and evaluation of technological and investment opportunities in the flavors and fragrances market
- Profiles of major players in the industry, including Agilex Flavors & Fragrances Inc., Comax Flavors, Groupe Bogart, MANE, Sensient Technologies Corp., Takasago International Corp. and Treatt PLC
Report Scope
The market is segmented by application: flavors (beverages, savory foods, dairy, confectionery and bakery products, oral care) and fragrance (cosmetics and toiletries, soap, detergent). It can be also divided by ingredient: essential oils (citrus oils, mint oils, vanilla extract, cassia oil, paprika oleoresin, black pepper oleoresin, nutmeg oil) and aroma chemicals (terpenes, benzenoids, musk chemicals).
This market report organizes information from diverse sources to compare natural and synthetic ingredients. It also analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, and patent evaluations using Porter’s Five Forces.
This report analyzes each ingredient type in terms of the current global market size. Estimated values are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2019 to 2024. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers' revenue. Estimates of the regional markets for flavors and fragrances are based on the applications market. Regional sizing and forecast data are provided for North America, Western Europe, Asia, and the ROW. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global flavors and fragrances market are discussed.
Analyst Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
The global market for flavors and fragrances was valued at $26.0 billion in 2015. This market is expected to increase from $27.1 billion in 2016 to $37.0 billion in 2021 at a compound annual growth rate (CAGR) of 6.4% for 2016-2021.
Report Includes
- An overview of the global markets for flavors and fragrances.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Analysis of recent technology developments.
- Identification of demand drivers.
- Information on the consumption of flavors and fragrances in different end-use sectors.
- Projections of future demand including application regional segments of the market.
- Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
- Analysis of developments in the structure of the flavor and fragrance industry.
- Profiles of major players in the field.
Report Highlights
The global flavour and fragrance market totaled $23.9 billion in 2013. This market is expected to grow to $25.3 billion in 2014 and $35.5 billion in 2019, a compound annual growth rate (CAGR) of 5.8%.
Report Includes
- An overview of the global markets for flavors and fragrances.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Analysis of recent technology developments.
- Identification of demand drivers.
- Information on the consumption of flavors and fragrances in different end-use sectors.
- Projections of future demand including application regional segments of the market.
- Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
- Analysis of developments in the structure of the flavor and fragrance industry.
- Comprehensive company profiles of major players in the field.
Report Highlights
The worldwide flavor and fragrance market was worth an estimated $21.8 billion in 2011. This figure is projected to exceed $23 billion in 2012 and $30 billion in 2017, a compound annual growth rate (CAGR) of 5.6% between 2012 and 2017.
Report Highlights
-
The worldwide flavors and fragrance ingredient market is worth approximately $6.3 billion in 2006. Poised for an average annual growth rate (AAGR) of 4.5% per year, this value should grow to $7.8 billion in 2011. Flavors and fragrances have similar economic and operational characteristics, including research and development, the nature of the creative and production processes, the manner in which the products are distributed and the preferences of the customers.
-
World demand for quality essential oils and their derivatives is likely to see increasing demand in the coming years, and natural products will continue to remain an important part of the flavors and fragrances industry. The market should reach $5.0 billion by 2011, an AAGR of 5.2%.
-
End-user sectors such as cosmetics, toiletries, soaps, detergents, air freshener and fine fragrances are expected to grow at AAGRs ranging from 4.9% to 4.4% through 2011, depending on the market.
Report Highlights
-
BCC estimates the total U.S. market for flavors and fragrances at about $4.2 billion in 1999. Expected to experience an AAGR (average annual growth rate) of nearly 5% during the 5-year forecast period, this market is expected to reach nearly $5.3 billion by 2004.
-
Food and beverages represent the largest end use, with about 40% of the total dollars, followed by cosmetics and toiletries with 30%. Soaps and detergents will show the most growth, at 5.5% a year, as given below in the summary table.
-
By product type, aroma chemicals are the largest, accounting for just over half of the dollar volume. Essential oils make up about one-quarter, with synthetic sweeteners and flavor enhancers the only other product groups.
Related Reports
Antiaging Products and Services: The Global Market
The global market for antiaging products and services is estimated to increase from $74.8 billion in 2022 to reach $93.2 million by 2027, at a compound annual growth rate (CAGR) of 4.5% from 2022 through 2027.
Global Markets for Chemicals for Cosmetics & Toiletries
The global market for cosmetic and toiletry ingredients should grow from $24.8 billion in 2021 to $30.5 billion by 2026, at a compound annual growth rate (CAGR) of 4.2% during the forecast period of 2021-2026.
The Global Market for Food Additives
The global market for food additives should grow from $41.9 billion in 2020 to $51.6 billion by 2025 with a compound annual growth rate (CAGR) of 4.3% for the period of 2020-2025.
Relaxor Ferroelectrics: Emerging Opportunities
Piezoelectrics is a multibillion-dollar market with steady market growth. Recent technological innovations will spur some segments of piezoelectrics to grow at a very high rate. These segments include relaxor ferroeletrics and lead-free piezoelectric ceramics. This report will analyze the emerging opportunities for relaxor ferroeletrics and other advanced piezoelectric materials and idea about significant technological developments in relaxor ferroelectrics in recent years, as well as quantify these developments’ impact on the growth of the material markets.
Recent Reports
Global Markets and Advanced Technologies for Paints and Coatings
The global market for paints and coatings was valued at $194.0 billion in 2023. The market is expected to grow from $203.8 billion in 2024 and should reach $263.2 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029.
Global Markets for Adhesives & Sealants or Joining and Fastening
The global market for adhesives & sealants or joining and fastening is estimated to increase from $63.7 billion in 2023 to reach $81.6 billion by 2029, at a compound annual growth rate (CAGR) of 4.3% from 2024 through 2029.
Global Crop Protection Chemicals Market
The global market for crop protection chemicals is expected to grow from $87.6 billion in 2023 to $114.7 billion by the end of 2028, at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2028.
Molecular Farming: Global Markets
The global market for molecular farming is expected to grow from $454.1 million in 2023 and projected to reach $916.3 million by the end of 2028, at a CAGR of 15.1% during the forecast period of 2023 to 2028.
Hydrotreated Vegetable Oil Market
This report identifies the most significant source and application for hydrotreated vegetable oil (HVO). The study gives an overview of the various trends, applications, and feedstocks related to HVO. It provides comprehensive and the latest market estimates of the HVO market. This report explores current and future strategies, ESG factors, and emerging trends within the market. This will help investors and industry participants understand the market and compete successfully in the market.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More