Flavors & Fragrances Market Value Estimated at $28.2 Billion by end of 2018
Rising consciousness of people regarding the healthy choices, and focus on the intake of a plant-based diet and natural ingredients are the key growth promoting factors of the global flavors and fragrances market. IndustryARC’s recently compiled business intelligence report presents that the global flavors & fragrances market size stood at global revenue of $28.2 billion in 2018, projects to grow at a CAGR of 4.90% during the forecast period 2019-2025.
The IndustryARC report titled: “
Fragrances Market - Industry Analysis, Market Size, Share, Trends, Application
Analysis, Growth and Forecast (2019 – 2025)” provides an in-depth analysis of different flavors and fragrances and their roles in varied food and beverages products. Additionally, this report provides the updated consumer preferences and demands for particular flavors and fragrances in present day scenario on a global basis.
Flavors & Fragrances Market: Leading Segments
The gist of taste is playing a crucial role in flavor preferences in the food and beverage industry. Flavor companies add more value to the food and beverages products and helps the food and beverages companies to deliver products matching the ever-changing consumer preferences. Analyst of the report has acknowledged that, addition of flavors to the food is the fastest growing end use of the flavors and fragrances market which set to grow with a CAGR of 5.10% during the above-mentioned forecast period. Beverages and dairy industries are recognized as the most dominating end-user markets for flavors industry.
Asia-Pacific was the leading region with a share of 38.23% in the global flavors & fragrances market in 2018, owing to the increasing presence of flavors and fragrances in the South East Asia through the establishment of new offices in Thailand and Indonesia. These plant expansions result in growth in warehousing, sales and delivery capabilities.The growing number of acquisitions and newly launched facilities across APAC region has influenced its regional share in the global flavors & fragrances market in 2018. Fragrances and Flavours Association of India (FAFAI) is a promising body that deals with the educational programmes allied with the flavors and fragrances products. These programmes are driving the demand for new food and beverage products and also reshaping the growth of Indian flavors and fragrances market.
Flavors & Fragrances Market: Disruptive Trends
o Due to the fluctuations in consumer preferences, demand for natural solutions is growing at a higher rate than ever before. Presently consumers are more specific about the health, naturalness, nutrition, and environmental aids of the products they consume on a daily basis.
o Increasing number of flavors and fragrances manufacturers are focused to prepare the products and solutions, according to the millennials preference. As it is the optimal approach to meet the current consumer needs as a part of consumer engagement process via consumer trends.
o Growth in number of acquisitions in flavors and fragrances market which include International Flavors & Fragrances Inc. (IFF) acquisitions with The Additive Advantage, Frutarom Industries Ltd. and Leagel S.R.L.[NM10] These recent acquisitions are contributing for the growth of the global flavors and fragrances market.
Flavors & Fragrances Market: Competitive Landscape
Some of the major flavors & fragrances market share players are listed as Bedoukian Research, Inc., Firmenich SA, Givaudan SA, Aromatech SAS, Frutarom, International Flavors & Fragrances Inc., Robertet SA, Mane, Sensient, T.Hasegawa, Symrise AG, and Takasago in the global flavors & fragrances market report.
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Flavours & Fragrances Ingredients Market
Natural Flavors Market
What can you expect from the report?
The flavors and fragrances market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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