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World Flavors & Fragrance Market

  • March 2016
  • -
  • Freedonia
  • -
  • 412 pages

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.

Table Of Contents

World Flavors and Fragrance Market
INTRODUCTION


EXECUTIVE SUMMARY


MARKET ENVIRONMENT


General


World Economic Overview


Recent Historical Trends


World Economic Outlook


World Population Outlook


World Per Capita Gross Domestic Product


World Personal Consumption Expenditure Trends


World Food and Beverage Manufacturing Outlook


World Toiletry and Cleaner Outlook


Environmental and Regulatory Issues


Flavors


Fragrances


OVERVIEW


General


Product Overview


Flavor Blends


Fragrance Blends


Essential Oils and Natural Extracts


Aroma Chemicals


Market Overview


Food and Beverages


Toiletries and Cleaners


Other Markets


Regional Overview


Demand


Per Capita Consumption Trends


Production


World Trade Outlook


NORTH AMERICA


General


Supply and Demand


Demand by Product


United States


Canada


Mexico


WESTERN EUROPE


General


Supply and Demand


Demand by Product


France


Germany


Italy


United Kingdom


Spain


Switzerland


Netherlands


Other Western Europe


ASIA/PACIFIC


General


Supply and Demand


Demand by Product


China


Japan


India


South Korea


Australia


Taiwan


Indonesia


Other Asia/Pacific


OTHER REGIONS


Central and South America


General


Supply and Demand


Demand by Product


Brazil


Other Central and South America


Eastern Europe


General


Supply and Demand


Demand by Product


Russia


Other Eastern Europe


Africa/Mideast


General


Supply and Demand


Demand by Product


Turkey


Other Africa/Mideast


INDUSTRY STRUCTURE


General


Market Share


Acquisitions and Divestitures


Competitive Strategies


Product Differentiation


Market Segmentation


Cooperative Agreements


Research and Development


Manufacturing Methods


Marketing and Distribution


Company Profiles


Agilex Flavors and Fragrances Incorporated


Airabella, see Agilex Flavors and Fragrances


Archer-Daniels-Midland Company


Aroma, see ICC Industries


Aromatech SAS


Aromor Flavors and Fragrances, see International Flavors and Fragrances


BASF SE


Bell Flavors and Fragrances Incorporated


BIOLANDES SAS


China Flavors and Fragrances Company Limited


ConAgra Foods Incorporated


CPL Aromas Limited


Derives Resiniques et Terpeniques


Diana, see Symrise


Dongguan Boton Flavors and Fragrances, see China Flavors and Fragrances


DRT-Anthea Aroma Chemicals Private, see Derives Resiniques et Terpeniques


Eatem Foods, see Archer-Daniels-Midland


Firmenich SA


Flavor and Fragrance Specialties, see Lucta


Frutarom Industries, see ICC Industries


Givaudan SA


Hasegawa (T.) Company Limited


Huabao International Holdings Limited


ICC Industries Incorporated


Ingrenat, see ICC Industries


International Flavors and Fragrances Incorporated


Inventive Technology, see ICC Industries


Investissements BSA, see ICC Industries


Kancor Ingredients, see Mane (V.) Fils


Kao Corporation


Kerry Group plc


Lucta SA


Mane (V.) Fils SA


McCormick and Company Incorporated


Michael (David) and Company


Nagaoka Perfumery Company Limited


Ogawa and Company Limited


Ottens Flavors, see International Flavors and Fragrances


Peresscol Sdn Bhd, see Hasegawa (T.)


Pinova Holdings, see Symrise


Plantes Aromatiques du Diois, see Robertet


Protein Technologies Ingredients Group, see ICC Industries


Red Arrow Products, see Kerry Group


Renessenz, see Symrise


Robertet SA


Royal DSM NV


Scandia Citrus, see ICC Industries


Sensient Technologies Corporation


Soda Aromatic Company Limited


Solvay SA


Sonarome Private, see ICC Industries


Spicetec Flavors and Seasonings, see ConAgra Foods


Symrise AG


Takasago International Corporation


Treatt plc


WILD Flavors, see Archer-Daniels-Midland


Wynnstarr Flavors, see Kerry Group


Yancheng Chunzhu Flavour, see Huabao International Holdings


ZEON Corporation


Additional Companies Mentioned in Study




List of Tables


EXECUTIVE SUMMARY


Summary Table


MARKET ENVIRONMENT


World Gross Domestic Product by Region


World Population by Region


World Per Capita Gross Domestic Product by Region


World Personal Consumption Expenditures by Region


World Food and Beverage Manufacturing Value Added by Region


World Toiletry and Cleaner Shipments by Region and Type


OVERVIEW


World Flavor and Fragrance Demand by Product


World Flavor Blend Demand by Region


World Fragrance Blend Demand by Region


World Essential Oil and Natural Extract Demand by Region


World Aroma Chemical Demand by Region


World Flavor and Fragrance Demand by Market


World Food and Beverages Market for Flavors by Region


World Toiletries and Cleaners Market for Fragrances by Region


World Other Markets for Flavors and Fragrances by Region


World Flavor and Fragrance Demand by Region


World Flavor and Fragrance Production by Region


World Net Exports of Flavors and Fragrances by Region


NORTH AMERICA


North America: Flavor and Fragrance Supply and Demand


North America: Flavor and Fragrance Demand by Product


United States: Flavor and Fragrance Supply and Demand


United States: Flavor and Fragrance Demand by Product


Canada: Flavor and Fragrance Supply and Demand


Canada: Flavor and Fragrance Demand by Product


Mexico: Flavor and Fragrance Supply and Demand


Mexico: Flavor and Fragrance Demand by Product


WESTERN EUROPE


Western Europe: Flavor and Fragrance Supply and Demand


Western Europe: Flavor and Fragrance Demand by Product


France: Flavor and Fragrance Supply and Demand


France: Flavor and Fragrance Demand by Product


Germany: Flavor and Fragrance Supply and Demand


Germany: Flavor and Fragrance Demand by Product


Italy: Flavor and Fragrance Supply and Demand


Italy: Flavor and Fragrance Demand by Product


United Kingdom: Flavor and Fragrance Supply and Demand


United Kingdom: Flavor and Fragrance Demand by Product


Spain: Flavor and Fragrance Supply and Demand


Spain: Flavor and Fragrance Demand by Product


Switzerland: Flavor and Fragrance Supply and Demand


Switzerland: Flavor and Fragrance Demand by Product


Netherlands: Flavor and Fragrance Supply and Demand


Netherlands: Flavor and Fragrance Demand by Product


Other Western Europe: Flavor and Fragrance Supply and Demand


Other Western Europe: Flavor and Fragrance Demand by Product


ASIA/PACIFIC


Asia/Pacific: Flavor and Fragrance Supply and Demand


Asia/Pacific: Flavor and Fragrance Demand by Product


China: Flavor and Fragrance Supply and Demand


China: Flavor and Fragrance Demand by Product


Japan: Flavor and Fragrance Supply and Demand


Japan: Flavor and Fragrance Demand by Product


India: Flavor and Fragrance Supply and Demand


India: Flavor and Fragrance Demand by Product


South Korea: Flavor and Fragrance Supply and Demand


South Korea: Flavor and Fragrance Demand by Product


Australia: Flavor and Fragrance Supply and Demand


Australia: Flavor and Fragrance Demand by Product


Taiwan: Flavor and Fragrance Supply and Demand


Taiwan: Flavor and Fragrance Demand by Product


Indonesia: Flavor and Fragrance Supply and Demand


Indonesia: Flavor and Fragrance Supply and Demand


Other Asia/Pacific: Flavor and Fragrance Supply and Demand


Other Asia/Pacific: Flavor and Fragrance Demand by Product


OTHER REGIONS


Central and South America: Flavor and Fragrance Suppl and Demand


Central and South America: Flavor and Fragrance Deman by Product


Brazil: Flavor and Fragrance Supply and Demand


Brazil: Flavor and Fragrance Demand by Product


Other Central and South America: Flavor and Fragrance Suppl and Demand


Other Central and South America: Flavor and Fragrance Deman by Product


Eastern Europe: Flavor and Fragrance Supply and Demand


Eastern Europe: Flavor and Fragrance Demand by Product


Russia: Flavor and Fragrance Supply and Demand


Russia: Flavor and Fragrance Demand by Product


Other Eastern Europe: Flavor and Fragrance Supply and Demand


Other Eastern Europe: Flavor and Fragrance Demand by Product


Africa/Mideast: Flavor and Fragrance Supply and Demand


Africa/Mideast: Flavor and Fragrance Demand by Product


Turkey: Flavor and Fragrance Supply and Demand


Turkey: Flavor and Fragrance Demand by Product


Other Africa/Mideast: Flavor and Fragrance Supply and Demand


Other Africa/Mideast: Flavor and Fragrance Demand by Product


INDUSTRY STRUCTURE


World Flavor and Fragrance Sales by Company, 2015


Selected Acquisitions and Divestitures


Selected Cooperative Agreements


RandD Spending Patterns: Selected Flavor and Fragranc Suppliers




List of Charts


SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
OVERVIEW


World Flavor and Fragrance Demand by Product, 2015


World Flavor Blend Demand by Region, 2015


World Fragrance Blend Demand by Region, 2015


World Essential Oil and Natural Extract Demand by Region, 2015


World Aroma Chemical Demand by Region, 2015


World Flavor and Fragrance Demand by Market, 2015


World Food and Beverages Market for Flavors by Region, 2015


World Toiletries and Cleaners Market for Fragrance by Region, 2015


World Other Markets for Flavors and Fragrances by Region, 2015


World Flavor and Fragrance Demand by Region, 2005-2025


World Flavor and Fragrance Production by Region, 2015


NORTH AMERICA


North America: Flavor and Fragrance Demand by Country, 2015


United States: Flavor and Fragrance Demand, 2005-2015


Canada: Flavor and Fragrance Demand, 2005-2015


Mexico: Flavor and Fragrance Demand, 2005-2015


WESTERN EUROPE


Western Europe: Flavor and Fragrance Deman by Country, 2015


France: Flavor and Fragrance Demand, 2005-2015


Germany: Flavor and Fragrance Demand, 2005-2015


Italy: Flavor and Fragrance Demand, 2005-2015


United Kingdom: Flavor and Fragrance Demand, 2005-2015


Spain: Flavor and Fragrance Demand, 2005-2015


Switzerland: Flavor and Fragrance Demand, 2005-2015


Netherlands: Flavor and Fragrance Demand, 2005-2015


ASIA/PACIFIC


Asia/Pacific: Flavor and Fragrance Deman by Country, 2005-2025


China: Flavor and Fragrance Demand, 2005-2015


Japan: Flavor and Fragrance Demand, 2005-2015


India: Flavor and Fragrance Demand, 2005-2015


South Korea: Flavor and Fragrance Demand, 2005-2015


Australia: Flavor and Fragrance Demand, 2005-2015


Taiwan: Flavor and Fragrance Demand, 2005-2015


Indonesia: Flavor and Fragrance Demand, 2005-2015


OTHER REGIONS


Brazil: Flavor and Fragrance Demand, 2005-2015


Russia: Flavor and Fragrance Demand, 2005-2015


Turkey: Flavor and Fragrance Demand, 2005-2015


INDUSTRY STRUCTURE


World Flavor and Fragrance Market Share, 2015

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