1. Market Research
  2. > Food Manufacturing Market Trends

Global Markets for Flavors and Fragrances

  • December 2016
  • 210 pages
  • BCC Research
Report ID: 919323

Summary

Table of Contents


Use this report to:
- Identify the factors driving and restraining the market for flavors and fragrances.
- Analyze flavors and fragrances market trends and opportunities.
- Receive information about recent developments, alliances, joint ventures, and mergers and acquisitions in the market.


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.
- The North American market is expected to grow from $8.1 billion in 2016 to $11.0 billion in 2021 at a CAGR of 6.3% from 2016 through 2021.
- The western European market is expected to grow from nearly $7.9 billion in 2016 to $10.9 billion at a CAGR of 6.6% from 2016 through 2021.


STUDY GOALS AND OBJECTIVES
This report provides a detailed analysis of the global market for flavors and fragrances. It discusses natural and synthetic ingredients, raw material analysis, environmental regulations, as well as the flavor and fragrance value chain and technology developments. The information in this report will be useful for those involved in strategic planning, marketing, sales and development of flavors and fragrances.

In quantifying the global market for flavors and fragrances, the study’s major objectives are to:
- Measure, analyze and forecast market revenues.
- Identify the factors driving and restraining the market.
- Analyze market trends and opportunities.
- Identify and analyze the market on the basis of key product type such as essential oils and aroma chemicals.
- Provide comprehensive market sizing and revenue forecasts for various applications in the market such as beverages, savory foods, dairy, cosmetics and toiletries, and soap and detergent.
- Strategically profile and analyze major market players and their core competences within the market.
- Identify recent developments, alliances, joint ventures, and mergers and acquisitions in the market.

Projections for flavors and fragrances are given for the geographical regions: North America (U.S., Canada, Mexico); Western Europe (Germany, France, U.K., Italy, Spain); Asia (China, India, Japan); and the rest of the world (ROW)—(South Africa, Brazil).


REASONS FOR DOING THE STUDY
Changing consumer preferences, increasing health concerns and a growing trend among customers to purchase products with natural ingredients are driving demand in the market for flavors and fragrances.

Rising consumer demand for flavor and fragrance products has spurred market players to launch a variety of new and innovative products to better position themselves in the global market. Regulatory authorities in different countries are taking initiatives to set standards and regulations for the promotion of safe and healthy flavor and fragrance products. This report provides a clear understanding of the supply and demand scenario, while evaluating technological and investment opportunities in the market for flavors and fragrances.
This report covers flavor and fragrance types, applications, demand trends and opportunities. It also examines the overall global market for flavors and fragrances and the market penetration of flavors and fragrances in different regions.


SCOPE OF REPORT
The market is segmented on the basis of application: flavors—beverages, savory foods, dairy, confectionary and bakery products, oral care and other; fragrance— cosmetics and toiletries, soap, detergent and others. This market report organizes information from diverse sources in order to compare natural and synthetic ingredients as well as analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, patent evaluations and Porter’s five forces.

Each ingredient type is analyzed in terms of current global market size. Estimated values used are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2016 to 2021. 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 its applications market. Regional sizing and forecasting are given for North America, Western Europe, Asia and ROW. In addition to the data, the report provides insight on market demand drivers and supplier strategies. Key players are also profiled as well as their market share in global market for flavors and fragrances.


INTENDED AUDIENCE
This report will be of particular interest to manufacturers of flavors, fragrances, essential oils and aroma chemicals as well as traders, distributors and suppliers of flavors and fragrances. It will also be of interest to professionals within governments and regulatory agencies and associations, as it can help them understand the scope and pace of flavor and fragrance products as companies continue to expand in the market.


METHODOLOGY
The report used a top-down approach to estimate market sizes of global flavor and fragrance companies. Key players in the global market for flavors and fragrances were identified through secondary research, and their market revenues were determined through primary and secondary research. This included studying annual reports of top market players and interviewing key leaders such as CEOs, directors and marketing professionals. The size of the global market for flavors and fragrances was derived from the aggregation of the market shares of major players. Forecasts are based on an analysis of market trends such as natural and synthetic ingredients consumption. The penetration of micro-markets was established through secondary sources and validated through primary sources.


INFORMATION SOURCES
The data for this report was gathered from primary and secondary sources. These included information obtained from industry analysts; manufacturer and company reports; industry trade journals; and industry associations such as the Flavor and Extract Manufacturers Association (FEMA), International Fragrance Association North America (IFRANA), Flavor Manufacturers Association of Canada (FMAC), European Flavor Association (EFFA), Japan Flavor and Fragrance Manufacturers’ Association (JFFMA), Fragrance and Flavor Association of India (FAFAI) and Canadian Fragrance Materials Association (CFMA). Additional information was obtained from various sources such as the European Commission (EC), European Union (EU), Federation of Indian Chambers of Commerce and Industry (FICCI), Biotechnology and Biological Sciences Research Council (BBSRC), Research Institute for Fragrance Materials (RIFM) and the Environmental Protection Agency (EPA).


ANALYST’S CREDENTIALS
Natraj Pandal is the BCC Research analyst for this report. Mr. Pandal received a Master of Business Administration degree in marketing and systems and a Bachelor of Science degree from Osmania University in India. He has more than nine years of experience in business research and market intelligence. Mr. Pandal works as a consultant and for syndicated projects in different domains such as chemicals, materials, food and beverage, automotive, aerospace, oil and gas, information technology and telecom, healthcare and sporting goods.

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.

Ahmad helps you find the right report:

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

North America Flavors (Food & Beverages) Market (2016 - 2022)

  • $ 1500
  • Industry report
  • May 2017
  • by KBV Research

Flavors are added as the ingredient into the products to change or enhance the taste of the food and drinks. Flavorings are generally added to those products that do not have the desired flavors such as ...

Asia-Pacific Flavors (Food & Beverages) Market (2016 - 2022)

  • $ 1500
  • Industry report
  • May 2017
  • by KBV Research

Flavor is the distinct taste of beverages and drinks. Foods such as vegetables, fruits, and grains have their natural flavors. However, to other foods, artificial flavors are being used in order to enhance ...

Latin America, Middle East & Africa Flavors (Food & Beverages) Market (2016 - 2022)

  • $ 1500
  • Industry report
  • May 2017
  • by KBV Research

Flavor is an extract or substance that provides a particular taste that one feels when having different types of foods and beverages. Smell is the main determinant for sensing food’s flavor. The main ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

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