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Updated by carolmiller3210 on Nov 14, 2018
Headline for Top 5 trends in the flavors and fragrances industry
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Top 5 trends in the flavors and fragrances industry

The global flavors and fragrances market size was valued at USD 18.61 billion in 2015. It is anticipated to expand at a substantial CAGR of 4.5% during the forecast period. Growing demand for food and beverage and natural personal care products created using various aromatic compounds and essential oils is expected to drive the market in near future.

1

Competitive Landscape

Competitive Landscape

Key companies operating in the global flavors and fragrances market are Biolandes SAS; Young Living Essential Oils; dōTERRA International; Falcon Essential Oils; Universal Oleoresins; Synthite Industries Limited; Ungerer & Company, Inc.; Akay; Indo World; BASF SE; Flavex Naturextrakte GmbH; Vigon International, Inc.; Symrise AG; Firmenich SA; Elevance Renewable Sciences, Inc.; Ozone Naturals; Alpha Aromatics; and Manohar Botanical Extracts Pvt. Ltd.

Companies listed in this category are large producers who are also leaders in terms of R&D investments. These investments equip them to meet any prospective changes in future. The players are undertaking mergers and acquisitions and are investing in new product developments and launches to maintain their position in the competitive business environment. For instance, In March 2015, Biolandes completed acquisition of France-based Fytosan that has expertise in organic aromatic and medicinal plant extracts.

Key Players Analyzed
• Biolandes SAS
• Young Living Essential Oils
• dōTERRA International
• Falcon Essential Oils
• Universal Oleoresins
• Synthite Industries Limited
• Ungerer & Company
• Akay
• Indo World
• BASF SE
• Flavex Naturextrakte GmbH
• Vigon International, Inc.
• Symrise AG
• Firmenich SA
• Elevance Renewable Sciences, Inc.
• Ozone Naturals
• Alpha Aromatics
• Manohar Botanical Extracts Pvt. Ltd.

3

Segmentation by Region

Segmentation by Region

Positive outlook, predominantly in Middle East and Brazil, Russia, India, China, and South Africa (BRICS), is one of the significant drivers for the global flavors and fragrances market. Rising domestic consumption of foods and beverages in the light of expanding retail network, new product launches, and population growth is expected to encourage drive demand from BRICS. In addition, regulatory support aimed at facilitating Foreign Direct Investments (FDI) at domestic level, on account of political changes, particularly in India and China, is projected to increase regional manufacturing output. This factor is poised to amplify growth of the food and beverage sector.

Segmentation by Region
• North America
• U.S.
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Middle East & AfricaSaudi Arabia
• Central & South America
• Brazil

4

Segmentation by Application

Segmentation by Application

Segmentation by Application
• Flavors
• Fragrances

Flavors and fragrances offer long-lasting sensory impressions, often determined when finely applied to medical products, food and beverage, and other substances. These products enhance overall appeal and aesthetic value of consumer goods. Flavors and fragrances are mostly prepared using volatile chemicals and essential oils to deliver a specific flavor or to enhance existing flavors. Food flavoring can be categorized into natural and synthetic. Increasing consumer preference for fresh and natural products has contributed to lucrative segment growth.

Major end-use industries such as cosmetics and personal care are also increasingly utilizing flavors and fragrances to improve sensory appeal and product value. Personal care product sector has recovered quickly from recent economic downturn compared to other industrial segments. Hence, it is expected to witness prospective growth over the forecast period.

5

Segmentation by Product

Segmentation by Product

Busy lifestyle of consumers in developing as well as developed countries is projected to augment demand for processed food and beverages. This factor is expected to propel demand for flavors in near future. Furthermore, growing number of retail stores, new product launches, and economical prices of personal care products and convenience food are expected to be highly influential factors contributing to growth of the global market.

Segmentation by Product
• Natural Flavors & Fragrances
• Essential Oils
• Orange
• Corn Mint
• Eucalyptus
• Pepper Mint
• Lemon
• Oleoresins
• Paprika
• Black Pepper
• Turmeric
• Ginger
• Others
• Aroma Chemicals
• Esters-based
• Alcohol-based
• Aldehyde
• Phenol
• Others

6

Industry Insights

Industry Insights

The global flavors and fragrances market is anticipated to reach USD 28.65 billion by 2025. It is anticipated to witness a growth of 4.5% from 2014 to 2025. Shifting consumer preference towards organic ingredients in food and personal care products is projected to drive growth over the approaching years. In addition, growing applications in food and beverages and cosmetics industries is projected to drive demand for flavors and fragrances.

Global Flavors And Fragrances Market Size and Forecast, By Product (Natural flavors & fragrances, Aroma Chemicals), B...

Global flavors and fragrances market size was valued at USD 18.61 billion in 2015. It is anticipated to expand at a substantial CAGR of 4.5% during the forecast period. Growing demand for food & beverage and natural personal care products created using va