Flavours & Fragrances Market Research Report 2024

 

Flavours & Fragrances Market Size

The global Flavours & Fragrances market was valued at US$ 28840 million in 2023 and is anticipated to reach US$ 37130 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.


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Flavours & Fragrances Market

Flavor and fragrance are defined as substances that give another substance pleasant odor, altering the characteristics of the solute, causing it to become sweet, sour, tangy, etc.


Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. Fragrances are mainly used in fine fragrances and consumer products including body care, home care and oral care.

The technical barriers of flavor and fragrance are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied more than 53% market share of total sales amount. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, and Boton.

This report aims to provide a comprehensive presentation of the global market for Flavours & Fragrances, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flavours & Fragrances.


Report Scope


The Flavours & Fragrances market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flavours & Fragrances market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Flavours & Fragrances manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Scope of Flavours & Fragrances Market Report

Report MetricDetails
Report NameFlavours & Fragrances Market
Accounted market size in 2023US$ 28840 million
Forecasted market size in 2030US$ 37130 million
CAGR3.6%
Base Year2023
Forecasted years2024 - 2030
Segment by Type
  • Pyridine & Pyridine Bases
  • Pentaerythritol
  • Ethyl Acetate
  • Acetic Acid
Segment by Application
  • Chemicals
  • Food & Beverage
  • Plastics & Synthetic Rubber
  • Pharmaceuticals & Cosmetics
  • Paper & Pulp
  • Paints & Coatings
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By CompanyFirmenich, Symrise, Givaudan, Mane, Robertet, International Flavors&Fragrances, International Flavours & Fragrances, Takasago, Sensient
Forecast unitsUSD million in value
Report coverageRevenue and volume forecast, company share, competitive landscape, growth factors and trends

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