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India Flavor and fragrance Industry Outlook to 2020 – Driven by Demand of Personal Grooming Products and Growth of Food Additives Market

  • November 2015
  • 106 pages
  • Ken Research Private Limited
Report ID: 3773521

Summary

Table of Contents

Executive Summary

The report titled “India Flavor and fragrance Industry Outlook to 2020 – Driven by Demand of Personal Grooming Products and Growth of Food Additives Market” provides a comprehensive analysis of the flavor and fragrance products in India including various aspects such as market size by domestic and imported products sales, segmentation on the basis of types of products, organized/unorganized, natural and synthetic, aroma chemicals and essential oils and applications. The report also covers the market shares of major flavor and fragrance players in India as well as the revenues of major players in the flavor and fragrance market along with future outlook and macro variables impacting the industry.

Flavor and fragrance market in India has been dominated by the fragrance market with a majority share in the overall revenues of the market as of FY’2015. The market has majorly been dominated by the organized players. Although, there have been strict rules and regulations formulated by the government, small and medium enterprises usually sway through them due to lack of proper controls over the market players. Bigger players on the other hand are more prone to follow the rules and regulations properly due to timely auditing of the companies and to maintain their goodwill in the market. Also, the government has allowed many international players to set up their manufacturing facilities across the country. This is projected to earmark a growth in demand for different flavors and fragrances by the personal care, home and food industries.
Flavor and Fragrance market in India has flourished in the past five years from FY’2010 to FY’2015 on the grounds of new formulations as well as active supply chain management. The market has been dominated by the global manufacturers lured by the bright growth prospects of food, home and personal care industries in India. The surfacing of global players into the market has provided buoyancy to the supply chain of flavor and fragrance industry in India. The supply chain analysis of flavors and fragrance market represents the intermediate layers between manufacturers, distributors, importers and finally to the end consumers. The value chain describes the analysis largely for the organized sector which comprises companies such as IFF, Takasago, Firmenich, Givaudan and others.

India flavor market is primarily considered as a fragmented market, owing to the presence of a large number of organizations ranging from multinational companies to domestic companies and small scale industrial units. Flavor market in India has enhanced at a substantial CAGR of around 10% in the last 5 years. The market is diversified across several fragrance families such as vanilla, butterscotch, exotic flavors, blackcurrant, kesar and others. The market was dominated by vanilla flavor which remained the largest demanded flavor of the flavor market in India. Flavor market in India has been segmented on the basis of types of applications which comprise beverages, bakery, confectionery, dairy, pharmaceuticals, tobacco and others. The import demand for flavors was very low. The market for flavors has primarily been dominated by IFF in FY’2015. Other players strongly competing in the market includes Givaudan, Symrise, Firmenich, SH Kelkar, Mane, Goldfield, Sachee, Khattri.

India fragrance market has showcased a steady growth during the span of last five years FY’2010-FY’2015. The expanding product lines due to significant technology advancements and growing importance towards personal grooming and appearance coupled with increasing consumer spending on beauty and wellness products has contributed to the growth of the market. Out of all the fragrances, the floral fragrance is most popular due to varied uses ranging from perfumes, colognes to home cleaning products. Hot and humid climate conditions and increasing population of working class has propelled the fragrance market in India. The fragrance market has significantly grown during the span of last five years FY’2010-FY’2015, at a CAGR of 10.0%. During FY’2015, ~% of the total fragrance production has been consumed in the personal wash products and rest is converted to other fragrance derivatives such as Beauty Care, Hair Care, Household and Air Care and Fabric care products. The market for fragrance products is dominated by organized players namely SH Kelkar, IFF, Givaudan, Firmenich and others. The market for fragrance is expected to flourish at a significant CAGR of 14.2% with the revenues from sales of fragrance products marked at USD ~ million by FY’2020.

Key Topics Covered in the Report:

-The market size of the India flavor and fragrance market
-The market size of the flavor market
-The market size of the fragrance market
-Market segmentation of India flavor and fragrance market on the basis of types of products, organized/unorganized, imports and domestic procurement, natural and synthetic, aroma chemicals and essential oils and applications
-Trends and Development in the India flavor and fragrance market
-Issues and Challenges in India flavor and fragrance market
-SWOT Analysis of India flavor and fragrance market
-Entry Barriers in India flavor and fragrance market
-Government regulations in India flavor and fragrance market
-Market share of major players in India flavor and fragrance market
-Competitive landscape of the major international players of flavor and fragrance market in India
-Competitive landscape of the major domestic players of flavor and fragrance market in India
-Future outlook and projections of India flavor and fragrance market

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