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Global Markets for Flavors and Fragrances

  • ID: 3984034
  • Report
  • December 2019
  • Region: Global
  • 131 Pages
  • BCC Research

FEATURED COMPANIES

  • Art & Fragrance Sa
  • Frutarom Industries Ltd.
  • Groupe Bogart
  • Mane
  • Symrise Ag
  • Treatt Plc
  • MORE
Report Scope:
The market is segmented by application: flavours (beverages, savoury foods, dairy, confectionery and bakery products, oral care) and fragrance (cosmetics and toiletries, soap, detergent). It can be also divided by ingredient: essential oils (citrus oils, mint oils, vanilla extract, cassia oil, paprika oleoresin, black pepper oleoresin, nutmeg oil) and aroma chemicals (terpenes, benzenoids, musk chemicals).

This market report organizes information from diverse sources to compare natural and synthetic ingredients. It also analyzes the use of raw materials, the flavour and fragrance value chain, regulations, technologies, and patent evaluations using Porter’s Five Forces.

This report analyzes each ingredient type in terms of the current global market size. Estimated values are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2019 to 2024. 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 flavours and fragrances are based on the applications market. Regional sizing and forecast data are provided for North America, Western Europe, Asia, and the ROW. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global flavours and fragrances market are discussed.

Report Includes:
  • 56 data tables and 17 additional tables
  • An overview of global flavour and fragrance ingredients and finished products market
  • Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
  • Insights into regulatory and environmental developments
  • Information on the supply and demand scenario and evaluation of technological and investment opportunities in the flavours and fragrances market
  • Profiles of major players in the industry, including Agilex Flavours & Fragrances Inc., Comax Flavours, Groupe Bogart, MANE, Sensient Technologies Corp., Takasago International Corp. and Treatt PLC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Art & Fragrance Sa
  • Frutarom Industries Ltd.
  • Groupe Bogart
  • Mane
  • Symrise Ag
  • Treatt Plc
  • MORE
1. Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • Intended Audience
  • Methodology
  • Information Sources
  • Geographic Breakdown
  • Analyst's Credentials
  • Related Reports
2. Summary
  • Market Highlights
  • Flavour and Fragrance Companies
3. Overview
  • Comparison of Natural vs. Synthetic Flavours and Fragrances
  • Synthetic Ingredients
  • Natural Ingredients
  • Raw Material Analysis
  • Historical Overview
  • Value Chain
4. Global Market for Flavours and Fragrances by Ingredient Type
  • Essential Oils
  • Commercially Important Essential Oils
  • Aroma Chemicals
  • Terpenes and Terpenoids
  • Benzenoids
  • Musk Chemicals
  • Miscellaneous Aroma Chemicals
5. Technologies
  • Key Technologies
  • Conventional Technologies
  • Cold Extraction Technology
  • Supercritical Fluid Extraction
  • Enfleurage
  • Thermal Treatment
  • Enzymatic Routes
  • Chemical Methods
  • Flavour Encapsulation
6. Global Market for Flavours and Fragrances by Application
  • Flavours
  • Beverages
  • Savoury Foods
  • Dairy Products
  • Confectionery and Bakery Products
  • Oral Care
  • Others
  • Fragrances
  • Cosmetics and Toiletries
  • Soap
  • Detergent
  • Household and Other Products
7. Global Market for Flavours and Fragrances by Region
  • North America
  • North American Market for Flavours and Fragrances by Country
  • North American Market for Flavours and Fragrances by Ingredient
  • North American Market for Flavours and Fragrances by Application Type
  • Western Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Other Countries
  • Western European Market for Flavours and Fragrances by Ingredient
  • Western European Market for Flavours and Fragrances by Application Type
  • Asia
  • China
  • Japan
  • India
  • Other Countries
  • Asian Market for Flavours and Fragrances by Ingredient
  • Asian Market for Flavours and Fragrances by Application Type
  • Rest of the World
  • South Africa
  • Brazil
  • Other Countries
8. Environmental Regulations
  • Regulation of Flavours
  • United States
  • Western Europe
  • Japan
  • Regulation of Fragrances
  • Environmental Impact
  • United States
  • Canada
  • Europe
  • Japan
9. Industry Structure
  • Factors Influencing Demand
  • Changing Consumer Preferences
  • Increasing Demand for Natural Flavours and Fragrances
  • Significant Technological Advancements
  • Demand from Developing Economies
  • Challenges within the Flavour and Fragrance Industry
  • High Cost of Migration from Synthetic to Natural Sources
  • Concerns Related to Synthetic Products
  • Lack of Transparency in Patent Protection Laws
  • Opportunities for Flavour and Fragrance Companies
  • Opportunities in Latin America and Asia
  • Widening Scope of Applications
  • Porter's Five Forces Analysis
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Threats from Substitutes
  • Threat from New Entrants
  • Competitive Rivalry
10. Market Strategies
  • Strategy by Type
  • Developments by Company
  • New Product Development
  • Mergers and Acquisitions
  • Partnerships, Collaborations, Joint Ventures, and Agreements
  • Expansions and Investments
11. Patent Analysis
  • Patents Related to Flavours and Fragrances by Country
  • Patents Related to Flavours and Fragrances by Company
12. Market Shares and Company Profiles
  • Company Profiles
  • AGILEX FLAVORS & FRAGRANCES INC.
  • ARCHER DANIELS MIDLAND CO.
  • ART & FRAGRANCE SA
  • BELL FLAVORS & FRAGRANCES INC.
  • CHINA FLAVORS & FRAGRANCES CO., LTD.
  • COMAX FLAVORS
  • FIRMENICH INTERNATIONAL SA
  • FRUTAROM INDUSTRIES LTD.
  • GIVAUDAN SA
  • GROUPE BOGART
  • INTERNATIONAL FLAVORS & FRAGRANCES INC.
  • INTER PARFUMS INC.
  • MANE
  • ROBERTET SA
  • SENSIENT TECHNOLOGIES CORP.
  • SYMRISE AG
  • T. HASEGAWA CO., LTD.
  • TAKASAGO INTERNATIONAL CORP.
  • TREATT PLC
  • ULRIC DE VARENS SA
13. Appendix: Abbreviations and Glossary

List of Tables
Summary Table: Global Market for Flavour and Fragrance Ingredients and Finished Products, Through 2024
Table 1: Timeline of the Development of Flavours and Fragrances
Table 2: Global Market for Flavours and Fragrances, by Ingredient Type, Through 2024
Table 3: Global Market Shares for Flavours and Fragrances, by Ingredient Type, 2018
Table 4: Plants as Sources of Essential Oils
Table 5: Plant-Producing Regions and Applications
Table 6: Global Market for Essential Oils Used in Flavours and Fragrances, by Product, Through 2024
Table 7: Global Market for Aroma Chemicals Used in Flavours and Fragrances, by Source, Through 2024
Table 8: Global Market for Aroma Chemicals Used in Flavours and Fragrances, by Product Type, Through 2024
Table 9: Global Market for Terpenes Used in Flavours and Fragrances, by Terpene Type, Through 2024
Table 10: Global Market for Terpenes Used in Flavours and Fragrances, by Product Type, Through 2024
Table 11: Synthetic Terpenes or Terpenoids Used in Flavours and Fragrances
Table 12: Natural Terpenes or Terpenoids Used in Flavours and Fragrances
Table 13: Global Market for Benzenoids Used in Flavours and Fragrances, by Product Type, Through 2024
Table 14: Synthetic Benzenoids Used in Flavours and Fragrances
Table 15: Natural Benzenoids Used in Flavours and Fragrances
Table 16: Global Market for Musk Chemicals Used in Flavours and Fragrances, by Product Type, Through 2024
Table 17: Global Market for Miscellaneous Aroma Chemicals Used in Flavours and Fragrances, by Source Type, Through 2024
Table 18: Synthetic Miscellaneous Aroma Chemicals Used in Flavours and Fragrances
Table 19: Natural Miscellaneous Aroma Chemicals Used in Flavours and Fragrances
Table 20: Types of Protection Systems, by Flavour Usage
Table 21: Global Market for Flavours and Fragrances, by Application Type, Through 2024
Table 22: Global Market Shares for Flavours and Fragrances, by Application Type, 2018
Table 23: Global Market for Flavours, by Application, Through 2024
Table 24: Global Market for Beverage Flavours, by Application, Through 2024
Table 25: Top Five Flavours in the Global Beverage Category
Table 26: Global Market Shares for Flavours Used in Dairy Products, 2018
Table 27: Global Market for Fragrances, by Application, Through 2024
Table 28: Global Market for Fragrances Used in Cosmetics and Toiletries, by Product, Through 2024
Table 29: Global Market for Flavours and Fragrances, by Region, Through 2024
Table 30: Global Market Shares for Flavours and Fragrances, by Region, 2018
Table 31: North American Market for Flavours and Fragrances, by Country, Through 2024
Table 32: U.S. Market for Flavours and Fragrances, by Application Type, Through 2024
Table 33: Mexican Market for Flavours and Fragrances, by Application Type, Through 2024
Table 34: Canadian Market for Flavours and Fragrances, by Application Type, Through 2024
Table 35: North American Market for Flavours and Fragrances, by Ingredient, Through 2024
Table 36: North American Market for Aroma Chemicals, by Product Type, Through 2024
Table 37: North American Market for Flavours and Fragrances, by Application Type, Through 2024
Table 38: North American Market for Flavours, by Application, Through 2024
Table 39: North American Market for Fragrances, by Application, Through 2024
Table 40: Western European Market for Flavours and Fragrances, by Country, Through 2024
Table 41: German Market for Flavours and Fragrances, by Application Type, Through 2024
Table 42: French Market for Flavours and Fragrances, by Application Type, Through 2024
Table 43: U.K. Market for Flavours and Fragrances, by Application Type, Through 2024
Table 44: Italian Market for Flavours and Fragrances, by Application Type, Through 2024
Table 45: Spanish Market for Flavours and Fragrances, by Application Type, Through 2024
Table 46: Western European Market for Flavours and Fragrances, by Ingredient, Through 2024
Table 47: Western European Market for Aroma Chemicals, by Product Type, Through 2024
Table 48: Western European Flavours and Fragrances Market, by Application Type, Through 2024
Table 49: Western European Market for Flavours, by Application, Through 2024
Table 50: Western European Market for Fragrances, by Application, Through 2024
Table 51: Asian Market for Flavours and Fragrances, by Country, Through 2024
Table 52: Chinese Market for Flavours and Fragrances, by Application Type, Through 2024
Table 53: Japanese Market for Flavours and Fragrances, by Application Type, Through 2024
Table 54: Indian Market for Flavours and Fragrances, by Application Type, Through 2024
Table 55: Indian Market for Flavours, by Application, Through 2024
Table 56: Asian Market for Flavours and Fragrances, by Ingredient, Through 2024
Table 57: Asian Market for Aroma Chemicals, by Product Type, Through 2024
Table 58: Asian Market for Flavours and Fragrances, by Application Type, Through 2024
Table 59: Asian Market for Flavours, by Application, Through 2024
Table 60: Asian Market for Fragrances, by Application, Through 2024
Table 61: ROW Market for Flavours and Fragrances, by Application Type, Through 2024
Table 62: ROW Market for Flavours and Fragrances, by Country, Through 2024
Table 63: South African Market for Flavours and Fragrances, by Application Type, Through 2024
Table 64: Brazilian Market for Flavours and Fragrances, by Application Type, Through 2024
Table 65: Flavour and Fragrance Product and Technology Launches, by Company, 2018-2019
Table 66: Mergers and Acquisitions, 2018 and 2019
Table 67: Partnerships, Collaborations, Joint Ventures, and Agreements, 2018 and 2019
Table 68: Expansions and Investments, 2018 and 2019
Table 69: Number of Patents Related to Flavours and Fragrances, by Country, 2017-2019
Table 70: Patents Related to Flavours and Fragrances, by Company, 2017-2019
Table 71: Global Market and Share of Flavours and Fragrances, by Company, 2018
Table 72: Abbreviations and Glossary

List of Figures
Summary Figure: Global Market for Flavour and Fragrance Ingredients and Finished Products, 2018-2024
Figure 1: Flavours and Fragrances Value Chain
Figure 2: Global Market for Flavours and Fragrances, by Ingredient Type, 2018-2024
Figure 3: Global Market Shares for Flavours and Fragrances, by Ingredient Type, 2018
Figure 4: Global Market for Flavours and Fragrances, by Application Type, 2018-2024
Figure 5: Global Market Shares for Flavours and Fragrances, by Application Type, 2018
Figure 6: Global Market for Flavours and Fragrances, by Region, Through 2024
Figure 7: Global Market Shares for Flavours and Fragrances, by Region, 2018
Figure 8: Porter's Five Forces Analysis
Note: Product cover images may vary from those shown

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FEATURED COMPANIES

  • Art & Fragrance Sa
  • Frutarom Industries Ltd.
  • Groupe Bogart
  • Mane
  • Symrise Ag
  • Treatt Plc
  • MORE
The global market for flavors and fragrances, which has grown exponentially in the last few years, is expected to rise even further in the coming years. The market is driven by changing consumer lifestyles, significant technological advances, and increasing demand from emerging economies for natural flavors and fragrances due to health concerns related to synthetic chemicals.

Manufacturers have witnessed significant price hikes for certain key ingredients that, along with the rising costs of other resources, have placed significant pressure on profit margins. Rules and regulations related to the international transportation of specific ingredients are adding to these costs. Flavors and fragrances typically account for just 1% to 5% of the overall price of a finished product, according to International Flavors and Fragrances (IFF), a leading industry producer.

Finished products include beverages, savory foods, dairy foods, confectionery and bakery products, cosmetics, toiletries, soap, and detergents. Flavors and fragrances include essential oils such as sweet orange oil, vanilla extract, and cassia oil, as well as aroma chemicals such as vanillin and 2-phenyl ethyl alcohol.
Note: Product cover images may vary from those shown
  • Agilex Flavors & Fragrances Inc.
  • Archer Daniels Midland Co.
  • Art & Fragrance Sa
  • Bell Flavors & Fragrances Inc.
  • China Flavors & Fragrances Co., Ltd.
  • Comax Flavors
  • Firmenich International Sa
  • Frutarom Industries Ltd.
  • Givaudan Sa
  • Groupe Bogart
  • Inter Parfums Inc.
  • International Flavors & Fragrances Inc.
  • Mane
  • Robertet Sa
  • Sensient Technologies Corp.
  • Symrise Ag
  • T. Hasegawa Co., Ltd.
  • Takasago International Corp.
  • Treatt Plc
  • Ulric De Varens Sa
Note: Product cover images may vary from those shown
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