Flavors And Fragrances Market: By Ingredients (Synthetic Ingredients, Natural Ingredients), By End User (Flavors, Beverages, Savory & Snacks, Dairy Products, Confectionery, Fragrances, and Others), and Geography  

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Flavors And Fragrances Market size was valued at USD 29 billion in 2023 and is projected to reach USD 38 billion in 2030 and poised to grow at a CAGR of 4.9% during 2024 to 2030 owing to increase in demand for natural flavors and fragrances coupled with increasing consumer preference towards convenience foods. The demand for flavours and fragrances is also driven by a growing public knowledge of the benefits of the substances used in food and consumer items in nations like the United States, Japan, France, Canada, Germany, and the United Kingdom. Consumer tastes for convenience foods are changing, and demand for consumer products is expanding, which is driving up demand for flavours and scents. China is a significant market exporter as well as an industrial producer. Industrial activity in the country were hampered by strict lockdowns in the country's major provinces.

The first quarter of 2020 saw a major drop in demand for tastes and perfumes, owing to the emergence of COVID-19. China is one of the world's leading producers of tastes and perfumes. The need for convenient food, as well as increasing manufacturing of consumer goods such as personal care, home care, and fabric care, boosted the country's taste and scent output.  

Flavors And Fragrances Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.9%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Flavors And Fragrances Market Dynamics

Increasing availability of natural ingredients and rising awareness among consumers towards healthier lifestyles are the major factors driving the market for natural ingredients. The ingredients that are extracted from the plants and animal sources offers products that doesn’t have more side effects and increasing demand for dietary drinks owing to rising percentage of health conscious individuals fuels the growth of the market over the forecast period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Flavors And Fragrances Market Segmentation

By Ingredients
  • Synthetic Ingredients,
  • Natural Ingredients
By End User
  • Flavors,
  • Beverages,
  • Savory & Snacks,
  • Dairy Products,
  • Confectionery,
  • Fragrances, and
  • Others
By Geography
  • Asia Pacific
  • Europe
  • North America
  • Latin America
  • MEA

Frequently Asked Questions

The CAGR is 4.9% for the Flavors And Fragrances Market over the forecast period of 2024-2030

Givaudan, Firmenich, International Flavors & Fragrances, Symrise, Takasago

Asia-Pacific is the fastest-growing region for Flavors And Fragrances Market

1.Executive Summary
2.Global Flavors And Fragrances Market Introduction 
2.1.Global Flavors And Fragrances Market  - Taxonomy
2.2.Global Flavors And Fragrances Market  - Definitions
2.2.1.Ingredients
2.2.2.End User
2.2.3.Region
3.Global Flavors And Fragrances Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Flavors And Fragrances Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Flavors And Fragrances Market  By Ingredients, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Synthetic Ingredients,
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Natural Ingredients
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Flavors And Fragrances Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Flavors,
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Beverages,
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Savory & Snacks,
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Dairy Products,
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Confectionery,
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Fragrances, and
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Flavors And Fragrances Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Flavors And Fragrances Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Ingredients Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Synthetic Ingredients,
8.1.2.Natural Ingredients
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Flavors,
8.2.2.Beverages,
8.2.3.Savory & Snacks,
8.2.4.Dairy Products,
8.2.5.Confectionery,
8.2.6.Fragrances, and
8.2.7.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Flavors And Fragrances Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Ingredients Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Synthetic Ingredients,
9.1.2.Natural Ingredients
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Flavors,
9.2.2.Beverages,
9.2.3.Savory & Snacks,
9.2.4.Dairy Products,
9.2.5.Confectionery,
9.2.6.Fragrances, and
9.2.7.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Flavors And Fragrances Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Ingredients Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Synthetic Ingredients,
10.1.2.Natural Ingredients
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Flavors,
10.2.2.Beverages,
10.2.3.Savory & Snacks,
10.2.4.Dairy Products,
10.2.5.Confectionery,
10.2.6.Fragrances, and
10.2.7.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Flavors And Fragrances Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Ingredients Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Synthetic Ingredients,
11.1.2.Natural Ingredients
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Flavors,
11.2.2.Beverages,
11.2.3.Savory & Snacks,
11.2.4.Dairy Products,
11.2.5.Confectionery,
11.2.6.Fragrances, and
11.2.7.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Flavors And Fragrances Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Ingredients Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Synthetic Ingredients,
12.1.2.Natural Ingredients
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Flavors,
12.2.2.Beverages,
12.2.3.Savory & Snacks,
12.2.4.Dairy Products,
12.2.5.Confectionery,
12.2.6.Fragrances, and
12.2.7.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Givaudan
13.2.2.Firmenich
13.2.3.International Flavors & Fragrances
13.2.4.Symrise
13.2.5.Takasago
13.2.6.Sensient
13.2.7.Mane
13.2.8.Robertet
13.2.9.Hasegawa
13.2.10.Frutarom
14. Research Methodology 
15. Appendix and Abbreviations 
  • Givaudan
  • Firmenich
  • International Flavors & Fragrances
  • Symrise
  • Takasago
  • Sensient
  • Mane
  • Robertet
  • Hasegawa
  • Frutarom

Adjacent Markets