The latest update of “Global Flavors & Fragrances Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Flavors & Fragrances Market.
Overview of the Flavors & Fragrances Market:
Flavors and fragrances have a wide range of applications. They are used in various types of products, from beverages to personal care products. The global flavors & fragrances market is rapidly expanding and growing, owing to the high demand for processed foods and personal care products as well as rising consumer awareness of health and wellness and stringent government regulations on synthetic flavors. However, there are some factors that may limit the market's growth, including high prices and high government regulations. The global flavors & fragrances market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Drivers:
Growing consumer preference towards convenience food is expected to fuel growth of the global flavors & fragrances market during the forecast period. The demand for convenience food is rapidly increasing all over the world with changing lifestyle. According to the Food and Drink Federation, the U.K., the food and drink manufacturing sector accounts for 17% in terms of economic contribution, as the demand for packaged food and products is increasing. Moreover, rising demand for natural products is expected to drive growth of the global flavors & fragrances market over the forecast period.
Restraints:
Strict government guidelines on using synthetic flavors and fragrances in countries such as China, Japan, European countries and the U.S. are expected to hinder growth of the global flavors and fragrances market over the forecast period.
Regional Insights:
North America is expected to witness strong growth in the global flavors and fragrances market during the forecast period due to the increasing consumption of processed and convenience food, as well as rise in the demand for natural flavors and fragrances. Moreover, Asia Pacific is expected to witness significant growth in the global flavors and fragrances market during the forecast period, owing to increasing economic growth and change in lifestyle in developing countries such as India, China, Indonesia, and Vietnam.
Competitive Section:
Major companies involved in the global flavors and fragrances market are Mane SA, Givaudan, The Archer Daniels Midland Company (ADM), Symrise AG, Sensient Technologies, Firmenich SA, Takasago, and International Flavors & Fragrances.
In September 2020, Firmenich, a privately-owned perfume and taste company, launched its new biotechnology and natural’s pilot plant and laboratory in Geneva.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Flavors & Fragrances Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Flavors & Fragrances Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Givaudan (Switzerland)
- Firmenich SA (Switzerland)
- International Flavors & Fragrances (IFF) (US)
- Symrise AG (Germany)
- Takasago (Japan)
- The Archer Daniels Midland Company (ADM) (US)
- Sensient Technologies (US)
- Mane SA (France)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Flavors & Fragrances Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Flavors
- Beverages
- Savory & Snacks
- Dairy Products
- Bakery
- Confectionary
- Others
- Fragrances
- Consumer Products
- Fine Fragrances
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Flavors & Fragrances Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Flavors & Fragrances Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Flavors & Fragrances Market
1.6.1 How the Covid-19 is Affecting the Flavors & Fragrances Market
1.6.1.1 Flavors & Fragrances Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Flavors & Fragrances Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Flavors & Fragrances Market Perspective (2015-2028)
2.2 Flavors & Fragrances Market Growth Trends by Regions
2.2.1 Flavors & Fragrances Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Flavors & Fragrances Market Historic Market Share by Regions (2015-2021)
2.2.3 Flavors & Fragrances Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Flavors & Fragrances Market Growth Strategy
2.3.6 Primary Interviews with Key Flavors & Fragrances Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Flavors & Fragrances Market Players by Market Size
3.1.1 Global Top Flavors & Fragrances Market Players by Revenue (2015-2021)
3.1.2 Global Flavors & Fragrances Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Flavors & Fragrances Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Flavors & Fragrances Market Concentration Ratio
3.2.1 Global Flavors & Fragrances Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Flavors & Fragrances Market Revenue in 2019
3.3 Flavors & Fragrances Market Key Players Head office and Area Served
3.4 Key Players Flavors & Fragrances Market Product Solution and Service
3.5 Date of entering into Flavors & Fragrances Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Flavors & Fragrances Market Historic Market Size by Type (2015-2021)
4.2 Global Flavors & Fragrances Market Forecasted Market Size by Type (2021-2028)
5 Flavors & Fragrances Market Breakdown Data by Application (2015-2028)
5.1 Global Flavors & Fragrances Market Size by Application (2015-2021)
5.2 Global Flavors & Fragrances Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Flavors & Fragrances Market Size (2015-2021)
6.2 Flavors & Fragrances Market Key Players in North America (2019-2021)
6.3 North America Flavors & Fragrances Market Size by Type (2015-2021)
6.4 North America Flavors & Fragrances Market Size by Application (2015-2021)
7 Europe
7.1 Europe Flavors & Fragrances Market Size (2015-2021)
7.2 Flavors & Fragrances Market Key Players in Europe (2019-2021)
7.3 Europe Flavors & Fragrances Market Size by Type (2015-2021)
7.4 Europe Flavors & Fragrances Market Size by Application (2015-2021)
8 China
8.1 China Flavors & Fragrances Market Size (2015-2021)
8.2 Flavors & Fragrances Market Key Players in China (2019-2021)
8.3 China Flavors & Fragrances Market Size by Type (2015-2021)
8.4 China Flavors & Fragrances Market Size by Application (2015-2021)
9 Japan
9.1 Japan Flavors & Fragrances Market Size (2015-2021)
9.2 Flavors & Fragrances Market Key Players in Japan (2019-2021)
9.3 Japan Flavors & Fragrances Market Size by Type (2015-2021)
9.4 Japan Flavors & Fragrances Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Flavors & Fragrances Market Size (2015-2021)
10.2 Flavors & Fragrances Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Flavors & Fragrances Market Size by Type (2015-2021)
10.4 Southeast Asia Flavors & Fragrances Market Size by Application (2015-2021)
11 India
11.1 India Flavors & Fragrances Market Size (2015-2021)
11.2 Flavors & Fragrances Market Key Players in India (2019-2021)
11.3 India Flavors & Fragrances Market Size by Type (2015-2021)
11.4 India Flavors & Fragrances Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Flavors & Fragrances Market Size (2015-2021)
12.2 Flavors & Fragrances Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Flavors & Fragrances Market Size by Type (2015-2021)
12.4 Central & South America Flavors & Fragrances Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Flavors & Fragrances Market Introduction
13.4 Flavors & Fragrances Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Flavors & Fragrances Market Key Market Segments
Table 2. Key Players Covered: Ranking by Flavors & Fragrances Market Revenue
Table 3. Ranking of Global Top Flavors & Fragrances Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Flavors & Fragrances Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Flavors & Fragrances Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Flavors & Fragrances Market Players to Combat Covid-19 Impact
Table 10. Global Flavors & Fragrances Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Flavors & Fragrances Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Flavors & Fragrances Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Flavors & Fragrances Market Share by Regions (2015-2021)
Table 14. Global Flavors & Fragrances Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Flavors & Fragrances Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Flavors & Fragrances Market Growth Strategy
Table 20. Main Points Interviewed from Key Flavors & Fragrances Market Players
Table 21. Global Flavors & Fragrances Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Flavors & Fragrances Market Share by Players (2015-2021)
Table 23. Global Top Flavors & Fragrances Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Flavors & Fragrances Market as of 2019)
Table 24. Global Flavors & Fragrances Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Flavors & Fragrances Market Product Solution and Service
Table 27. Date of entering into Flavors & Fragrances Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 30. Global Flavors & Fragrances Market Size Share by Type (2015-2021)
Table 31. Global Flavors & Fragrances Market Revenue Market Share by Type (2021-2028)
Table 31. Global Flavors & Fragrances Market Size Share by Application (2015-2021)
Table 33. Global Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 34. Global Flavors & Fragrances Market Size Share by Application (2021-2028)
Table 35. North America Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Flavors & Fragrances Market Share (2019-2021)
Table 37. North America Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 38. North America Flavors & Fragrances Market Share by Type (2015-2021)
Table 39. North America Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 40. North America Flavors & Fragrances Market Share by Application (2015-2021)
Table 41. Europe Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Flavors & Fragrances Market Share (2019-2021)
Table 43. Europe Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Flavors & Fragrances Market Share by Type (2015-2021)
Table 45. Europe Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Flavors & Fragrances Market Share by Application (2015-2021)
Table 47. China Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Flavors & Fragrances Market Share (2019-2021)
Table 49. China Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 50. China Flavors & Fragrances Market Share by Type (2015-2021)
Table 51. China Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 52. China Flavors & Fragrances Market Share by Application (2015-2021)
Table 53. Japan Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Flavors & Fragrances Market Share (2019-2021)
Table 55. Japan Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Flavors & Fragrances Market Share by Type (2015-2021)
Table 57. Japan Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Flavors & Fragrances Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Flavors & Fragrances Market Share (2019-2021)
Table 61. Southeast Asia Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Flavors & Fragrances Market Share by Type (2015-2021)
Table 63. Southeast Asia Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Flavors & Fragrances Market Share by Application (2015-2021)
Table 65. India Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Flavors & Fragrances Market Share (2019-2021)
Table 67. India Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 68. India Flavors & Fragrances Market Share by Type (2015-2021)
Table 69. India Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 70. India Flavors & Fragrances Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Flavors & Fragrances Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Flavors & Fragrances Market Share (2019-2021)
Table 73. Central & South America Flavors & Fragrances Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Flavors & Fragrances Market Share by Type (2015-2021)
Table 75. Central & South America Flavors & Fragrances Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Flavors & Fragrances Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Flavors & Fragrances Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Flavors & Fragrances Market Share by Type: 2021 VS 2028
Figure 2. Global Flavors & Fragrances Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Flavors & Fragrances Market Report Years Considered
Figure 8. Global Flavors & Fragrances Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Flavors & Fragrances Market Share by Regions: 2021 VS 2028
Figure 10. Global Flavors & Fragrances Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Flavors & Fragrances Market Share by Players in 2019
Figure 13. Global Top Flavors & Fragrances Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Flavors & Fragrances Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Flavors & Fragrances Market Revenue in 2019
Figure 15. North America Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Flavors & Fragrances Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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