1. Market Research
  2. > Personal Care
  3. > Cosmetics
  4. > Fragrance Market Trends

World Flavors & Fragrance Market

  • 412 pages, published in March 2016
  • By Freedonia
  • Report Number: 1008680

Summary

Table of Contents

Study coverage

This Freedonia industry study, World Flavors & Fragrances, offers historical demand data (2005, 2010, 2015) plus forecasts (2020, 2025) by market and supply, as well as demand by product, for 6 regions and 20 major countries. This study also assesses key market environment factors, evaluates company market share and profiles 33 industry players worldwide.

Increasing consumer demand for more natural products, driven in part by health concerns regarding artificial ingredients and a desire for transparency in labeling, will impact global demand for flavors and fragrances, particularly in developed countries.

According to World Flavors & Fragrances, a new study from The Freedonia Group, in developing countries, growing personal consumption expenditures will drive demand for flavor- and fragrance-containing goods, such as packaged foods and cosmetics and toiletries, supporting growth in flavor blends and fragrance blends. In addition, a shift to higher value and higher quality products worldwide will contribute to demand gains. Although North America and Western Europe will remain significant markets for flavors and fragrances, the Asia/Pacific region will become the largest global market, spurred by strong growth in developing countries, particularly China and India.

Flavor blends to remain largest segment

Freedonia forecasts that flavor blends will continue to be the largest flavor and fragrance segment worldwide by value, with gains driven by increasing demand for processed foods in developing regions. Growth in essential oils and natural extracts will outpace the other key flavor and fragrance segments as consumers increasingly prefer products with natural and organic ingredients.

Demand for fragrance blends and aroma chemicals will be spurred by growing production of toiletries and cleaners. Historically, the developed economies of North America, Western Europe, and Japan have been the dominant markets for flavors and fragrances, sustained by large food and beverage and toiletry and cleaner industries, as well as high levels of personal consumption expenditures. Going forward, the maturity of these markets will limit growth in demand for flavors and fragrances; however, growing use of higher value and higher quality products will support moderate growth in flavor blends and fragrance blends. Additionally, the increasing popularity of reduced-salt and reduced-sugar prepared foods, which require higher flavor loadings to maintain taste, will boost demand for flavor blends. The strongest driver of growth within developed countries will be heightened consumer interest in natural and organic products, which will drive demand for essential oils and natural extracts. In turn, demand for aroma chemicals will be below average as more consumers choose natural products over synthetic ones.

More robust gains in demand for flavors and fragrances will be registered in the developing economies of the Asia/Pacific and Africa/Mideast regions and Central and South America. In these areas, rapid population growth, a growing middle class, and the associated urbanization and increases in personal spending will drive demand for fragrance-containing cleaners and toiletries, as well as processed foods and carbonated beverages. The increasing popularity of these products will boost demand for fragrance blends, aroma chemicals, and flavor blends. Consumers in these regions will also increasingly demand products containing natural and organic ingredients, supporting demand for essential oils and natural extracts. However, in contrast to more developed regions, aroma chemicals will show healthy growth, as local food and beverage and toiletry and cleaner producers continue to utilize them due to low cost as compared to natural alternatives.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you get this report now

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

2017 Competing in the Global Flavor and Fragrance Market

  • $ 15700
  • Industry report
  • March 2017
  • by Venture Planning Group

This new 550-page report from VPGMarketResearch contains 65 tables, and presents a thought-provoking analysis of the performance, capabilities, goals and strategies of the major competitors in the worldwide ...

Global Male Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Male Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Male Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and Forecast ...

Global Unisex Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Unisex Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Unisex Fragrances (Fragrances) Market - Outlook to 2020: Market Size, Growth and ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.