- Essential oils
- Oleoresins
- Fragrance blends
- Aromatic chemicals
Flavours And Fragrance Ingredients Market size was valued at USD 31,052 million in 2023 and is poised to grow at a significant CAGR of 4.0% from 2024-2030. Flavours and fragrances are intense preparations which are added to food products to impart a characteristic taste of choice, to maintain the flavour after processing, to modify an already existing flavour, and to guise some undesirable flavour to increase consumer acceptance. Sweets, a few dairy products, soft drinks, and confectioneries include various flavours in their formulations to achieve a good taste and consumer acceptance. Rising growth in the food and beverage industry, technological advancements in procedures of flavour and fragrances and growing trends in health and wellness are witnessed to accelerate the growth of the market globally. Furthermore, the introduction of functional food products, and growing demand for authentic flavours in various end-user industries like dairy, and frozen products are witnessed to unlock the potential of the market. On the other hand, strict government regulations regarding the preparation of flavours, and side effects regarding usage of synthetic flavours are expected to dampen the market growth of the market.
Flavours And Fragrance Ingredients Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4%
Largest Market
North America
Fastest Growing Market
Europe
Flavours And Fragrance Ingredients Market Dynamics
Flavours and fragrance ingredients market is anticipated to remain as a very complex and country-specific as the formulations and flavours varies between various regions. Textures and flavours of the processed foods are adapted according to the preferences of local consumers. Local and conventional foods have their authentic flavours which are evolved because of the unique land and culture. In order to broaden product offerings, companies are conducting survey on the consumers to gain fragrance performance and sensory perception. Companies are entering into the collaboration with the research institutes to elaborate their product portfolio. Manufacturers are abiding by manufacturing and labelling laws, regulations, and guidelines published by regulatory authorities such as Food & Drug Agency (FDA), U.S. Department of Agriculture (USDA), etc.
North-America got significant share
Flavours And Fragrance Ingredients Market Regional Analysis
Geographically Flavours and Fragrance Ingredients Market is segmented as Latin America, Europe, Asia- Pacific, North America, and The Middle East & Africa. Rapid growth in low cholesterol food and beverages is anticipated to increase the demand of flavours and fragrance ingredients in North American. Europe is the leading region for the consumption of snacks and confectionary and has many governing bodies to strictly regulate flavours and fragrances in food industry for the safety of the consumer, due to the growth in the purchasing power of customers and rise in the demand for high-quality products.
Latin America
Europe
Asia Pacific
Middle East
North America
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
Flavours And Fragrance Ingredients Market Segmentation
By Product Type
By Origin
- Natural
- Synthetic
- Semi synthetic
By Application
- Bakery and Confectionary
- Dairy and frozen products industry
- Beverage industry
- Convenience food industry
- Animal and pet foods
- Others
By Form
- Powder
- Liquid
Frequently Asked Questions
The flavours and fragrance ingredients market size was valued at USD 31,052 million in 2023
The flavours and fragrance ingredients market key players are: Mane SA (Germany) Fermenich International SA (Switzerland) Givaudan SA (Switzerland) International Flavors & Fragrances Inc. (U.S.) Symrise (Germany) Takasago International Corporation (Japan) Frutarom (Israel) Sensient Flavors, Inc (U.S.) Robertet SA (France) T. Hasegawa (Japan)
The flavours and fragrance ingredients market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1.Executive Summary |
| 2.Global Flavours And Fragrance Ingredients Market Introduction |
| 2.1.Global Flavours And Fragrance Ingredients Market - Taxonomy |
| 2.2.Global Flavours And Fragrance Ingredients Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Origin |
| 2.2.3.Application |
| 2.2.4.Form |
| 2.2.5.Region |
| 3.Global Flavours And Fragrance Ingredients 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 Flavours And Fragrance Ingredients 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 Flavours And Fragrance Ingredients Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Essential oils |
| 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. Oleoresins |
| 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 |
| 5.3. Fragrance blends |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Flavours And Fragrance Ingredients Market By Origin, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Natural |
| 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. Synthetic |
| 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. Semi synthetic |
| 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 |
| 7.Global Flavours And Fragrance Ingredients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Bakery and Confectionary |
| 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. Dairy and frozen products industry |
| 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. Beverage industry |
| 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. Convenience food industry |
| 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. Animal and pet foods |
| 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 |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Flavours And Fragrance Ingredients Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Powder |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Liquid |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Flavours And Fragrance Ingredients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Flavours And Fragrance Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Essential oils |
| 10.1.2.Oleoresins |
| 10.1.3.Fragrance blends |
| 10.2. Origin Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Natural |
| 10.2.2.Synthetic |
| 10.2.3.Semi synthetic |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Bakery and Confectionary |
| 10.3.2.Dairy and frozen products industry |
| 10.3.3.Beverage industry |
| 10.3.4.Convenience food industry |
| 10.3.5.Animal and pet foods |
| 10.3.6.Others |
| 10.4. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Powder |
| 10.4.2.Liquid |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Flavours And Fragrance Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Essential oils |
| 11.1.2.Oleoresins |
| 11.1.3.Fragrance blends |
| 11.2. Origin Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Natural |
| 11.2.2.Synthetic |
| 11.2.3.Semi synthetic |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Bakery and Confectionary |
| 11.3.2.Dairy and frozen products industry |
| 11.3.3.Beverage industry |
| 11.3.4.Convenience food industry |
| 11.3.5.Animal and pet foods |
| 11.3.6.Others |
| 11.4. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Powder |
| 11.4.2.Liquid |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 11.5.7. |
| 12.Asia Pacific (APAC) Flavours And Fragrance Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Essential oils |
| 12.1.2.Oleoresins |
| 12.1.3.Fragrance blends |
| 12.2. Origin Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Natural |
| 12.2.2.Synthetic |
| 12.2.3.Semi synthetic |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Bakery and Confectionary |
| 12.3.2.Dairy and frozen products industry |
| 12.3.3.Beverage industry |
| 12.3.4.Convenience food industry |
| 12.3.5.Animal and pet foods |
| 12.3.6.Others |
| 12.4. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Powder |
| 12.4.2.Liquid |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Flavours And Fragrance Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Essential oils |
| 13.1.2.Oleoresins |
| 13.1.3.Fragrance blends |
| 13.2. Origin Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Natural |
| 13.2.2.Synthetic |
| 13.2.3.Semi synthetic |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Bakery and Confectionary |
| 13.3.2.Dairy and frozen products industry |
| 13.3.3.Beverage industry |
| 13.3.4.Convenience food industry |
| 13.3.5.Animal and pet foods |
| 13.3.6.Others |
| 13.4. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Powder |
| 13.4.2.Liquid |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Flavours And Fragrance Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Essential oils |
| 14.1.2.Oleoresins |
| 14.1.3.Fragrance blends |
| 14.2. Origin Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Natural |
| 14.2.2.Synthetic |
| 14.2.3.Semi synthetic |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Bakery and Confectionary |
| 14.3.2.Dairy and frozen products industry |
| 14.3.3.Beverage industry |
| 14.3.4.Convenience food industry |
| 14.3.5.Animal and pet foods |
| 14.3.6.Others |
| 14.4. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Powder |
| 14.4.2.Liquid |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Mane SA (Germany) |
| 15.2.2.Fermenich International SA (Switzerland) |
| 15.2.3.Givaudan SA (Switzerland) |
| 15.2.4.International Flavors & Fragrances Inc. (U.S.) |
| 15.2.5.Symrise (Germany) |
| 15.2.6.Takasago International Corporation (Japan) |
| 15.2.7.Frutarom (Israel) |
| 15.2.8.Sensient Flavors, Inc (U.S.) |
| 15.2.9.Robertet SA (France) |
| 15.2.10.T. Hasegawa (Japan) |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Mane SA (Germany)
- Fermenich International SA (Switzerland)
- Givaudan SA (Switzerland)
- International Flavors & Fragrances Inc. (U.S.)
- Symrise (Germany)
- Takasago International Corporation (Japan)
- Frutarom (Israel)
- Sensient Flavors, Inc (U.S.)
- Robertet SA (France)
- T. Hasegawa (Japan)