According to a report ,“Flavors and Fragrances Market Size, Share & Trends Analysis Report By Product (Natural, Aroma), By Application (Flavors, Fragrances), By Region, And Segment Forecasts, 2019 – 2025″ published by Grand View Research, Inc., The global flavors and fragrances market size is anticipated to reach USD 28.64 billion by 2025. It is projected to expand at a CAGR of 4.7% during the forecast period. Flavors and fragrances deliver long-lasting sensory impressions, when applied through medical products, beverage, food, and other substances. These products enrich the overall aesthetic value and appeal of consumer goods.
Key Takeaways from the report:
Aroma chemicals is projected to hold the largest share of flavors and fragrances market with more than 70.0% in terms of revenue by 2025
Increasing cost of R&D for fragrance compounds is expected to support the demand for aroma chemicals over the forecasts period
Essential oils are anticipated to grow as the fastest as well as largest emerging natural product segment
Demand for orange essential oil was valued at USD 1.64 billion in 2018
Fragrances application segment is predicted to lead the market and is projected to register a CAGR of 5.0% from 2019 to 2025
Asia Pacific is expected to register the fastest CAGR on account of availability of raw materials and increasing demand
Browse More Reports in Food Additives & Nutricosmetics Industry:
Flavors and fragrances are generally manufactured using essential oils and volatile chemicals to enhance existing flavors or to provide a precise flavor. The products are primarily categorized into natural and synthetic. Rising demand for natural and fresh products has added to exponential growth of the market.
Increasing demand for ready-to-eat and convenience foods, health and wellness foods coupled with technological advancements are predicted to trigger the flavors and fragrances market growth. Increasing consumer disposable income along with rapid industrialization in developing countries such as India and China is estimated to fuel the food flavors market.
Owing to the massive demand for natural products, forests have been chopped down to develop minute quantity of oil. Numerous arable lands have also been transformed into monoculture farming lands to nurture a single crop or plant gain a particular oil. This, in turn, has led to restricted availability of raw materials for natural products.
Flavor and fragrance producers operate by collaborating with artists, filmmakers, writers, musicians, and scientists to knock into artistic minds to reveal perfumes to new as well as constantly developing creative approaches and territories. Manufacturers also build creative teams which comprise fragrance perfumers, flavorists, and evaluators.
Grand View Research has segmented the global flavors and fragrances market on the basis of product, application and region:
Flavors and Fragrances Product Outlook (Revenue, USD Million, 2014 – 2025)
Natural
Essential Oils
Orange
Limonene
Myrcene
Others
Corn Mint
Menthol
Menthone
Eucalyptus
Eucalyptol
Pepper Mint
Lemon
Pinene
Camphene
Oleoresins
Paprika
Piperine
Black Pepper
Turmeric
Curcumin
Ginger
Gingerol
Aroma Chemicals
Esters
Ethyl acetate
Benzyl acetate
Ethyl benzoate
Methyl decanoate
Alcohol
Lauryl alcohol
Aldehyde
Benzaldehyde
Vanillin
Phenol
Ethylvanillin
Flavors and Fragrances Application Outlook (Revenue, USD Million, 2014 – 2025)
Flavors
Confectionary
Convenience Foods
Bakery Food
Dairy Food
Beverages
Fragrances
Fine fragrances
Cosmetics and Toiletries
Soaps & Detergents
Flavors and Fragrances Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America
U.S
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Middle East & Africa
Saudi Arabia
Central and South America
Brazil
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.About Grand View ResearchGrand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.For more information: https://www.grandviewresearch.com/
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:201, Spear Street, 1100 City: San FranciscoState: CaliforniaCountry: SwitzerlandWebsite: www.grandviewresearch.com/industry-analysis/flavors-fragrances-market