Global $35+ Bn Flavours and Fragrances Market to 2024

5/24/2019, 2:26 PM (Source: GlobeNewswire)

Dublin, May 24, 2019 (GLOBE NEWSWIRE) -- The "Flavour and Fragrance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global flavour and fragrance market was worth US$ 27.9 billion in 2018

Flavors and fragrances are substances that are used to enhance the overall aesthetic value of a product by altering its smell and taste. Flavors are majorly used in the foods, beverages, dairy and confectionary industries, whereas, fragrances are used for providing fine smells in body care, home care and cosmetic products. Taste and smell are among the key determinants for the appeal of the product. The possibilities of flavours and fragrances are endless, ranging from floral, musky to warm and woody.

They are usually prepared using natural/artificial chemicals and essential oils to deliver a specific flavour and to enhance the existing ones. The key end-users of the flavours industry include beverages, dairy, confectionary, meat, snacks, healthcare, bakery, etc. On the other hand, some of the key end-users of the fragrances industry include cosmetics and toiletries, soap and detergents, household cleaners and air fresheners, etc.

A key driver of the global flavours and fragrances market is the strong growth in the food and beverage industry. Catalysed by a rising global population and increasing urbanization rates, the demand of processed foods and beverages has been witnessing a continuous growth creating a positive impact on the growth of the market.

Moreover, driven by rising incomes, changing lifestyle and increasing consciousness towards physical appearance, the market for personal care products has also been witnessing a strong growth creating a strong demand for flavours and fragrances. Other major factors driving the market include emerging markets, rising demand for organic and natural products, growing young population, etc.

Looking forward, the publisher expects the market to grow at a CAGR of around 4% during 2019-2024, reaching a value of US$ 35.1 billion by 2024.

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Flavors Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by Product Type
5.4.1 Brown
5.4.2 Dairy
5.4.3 Herbs and Botanicals
5.4.4 Fruits and vegetables
5.4.5 Others
5.5 Market Breakup by Form
5.5.1 Liquid
5.5.2 Dry
5.6 Market Breakup by Application
5.6.1 Beverages
5.6.2 Dairy and Frozen Desserts
5.6.3 Bakery and Confectionery Products
5.6.4 Savories and Snacks
5.6.5 Others
5.7 Market Forecast

6 Global Fragrances Market
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Region
6.4 Market Breakup by Product Type
6.4.1 Cosmetics and Toiletries
6.4.2 Fine Fragrances
6.4.3 Household Cleaners and Air Fresheners
6.4.4 Soap and Detergents
6.4.5 Others
6.5 Market Breakup by Ingredients
6.5.1 Natural
6.5.2 Synthetic
6.6 Market Forecast

7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats

8 Value Chain Analysis

9 Porters Five Forces Analysis
9.1 Overview
9.2 Bargaining Power of Buyers
9.3 Bargaining Power of Suppliers
9.4 Degree of Competition
9.5 Threat of New Entrants
9.6 Threat of Substitutes

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Givaudan
10.3.2 Firmenich
10.3.3 International Flavors & Fragrances
10.3.4 Symrise
10.3.5 Takasago
10.3.6 Sensient
10.3.7 Mane
10.3.8 Robertet
10.3.9 T.Hasegawa
10.3.10 Frutarom
10.3.11 Bell Flavors & Fragrances
10.3.12 Archer Daniels Midland
10.3.13 Kerry
10.3.14 Ogawa & Co., Ltd.
10.3.15 Huabao

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Related Topics: Fragrance, Flavor and Aroma Chemicals, Food Additives


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