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The flavor and fragrance market in South Korea looks promising with opportunities in dairy, savory/snacks, fine fragrance, cosmetics, toiletries, household, and air care. The major drivers for this market are increasing disposable income among the middle class, changing consumer preference, and growing awareness among customers to buy products that contain natural ingredients.
An emerging trend, which has a direct impact on the dynamics of the flavor and fragrance industry, includes the increasing use of biotic ingredients in beverage and dairy products.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this flavor and fragrance market in South Korea report download the report brochure.
Flavor and Fragrance Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Flavor and Fragrance Market
in South Korea: 2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the flavor and fragrance market in South Korea by product type, application, and raw material as follows:
Flavor and Fragrance Market by Product Type (Value ($B) shipment analysis from 2014-2025):
Flavor and Fragrance Market by Application Type (Value ($B) shipment analysis from 2014-2025):
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By Flavor:
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Dairy
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Savory/Snacks
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Beverage
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Confectionery/ Bakery
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Others
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By Fragrance:
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Fine fragrance
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Cosmetics and toiletries
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Soaps and detergents
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Household and air care
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Others
Flavor and Fragrance Market by Raw Material (Value ($B) shipment analysis from 2014-2025)
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Aroma Chemical
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Essential Oils
On the basis of its comprehensive research, Lucintel forecasts that flavor is expected to remain the largest segment by value due to growing popularity of nutritionally supplemented functional foods, low-sodium foods, and low-sugar beverages.
Within the flavor and fragrance market, beverage will remain the largest application and it is also expected to witness the highest growth over the forecast period due to growing consumption of energy soft drinks, sports drinks, and juices.
Some of the features of “Opportunities for the Flavor and Fragrance Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: Flavor and fragrance market size estimation in terms of value ($B) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by product type, application, and raw material.
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Segmentation analysis: Flavor and fragrance market size by product (flavor and fragrance), applications (dairy, savory/Snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), and raw materials (aroma chemical and essential oils) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different product type, application, and raw material of flavor and fragrance in the flavor and fragrance market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1. What are some of the most promising, high-growth trends in the flavor and fragrance market in South Korea by product (flavor and fragrance), applications (dairy, savory/Snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), and raw materials (aroma chemical and essential oils)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this flavor and fragrance (flavor and fragrance market, flavors and fragrances market, flavors and fragrance industry, flavor and fragrance market share) market?
Q.4. What are the business risks and competitive threats in this flavor and fragrance (flavor and fragrance market, flavors and fragrances market, flavors and fragrance industry, flavor and fragrance market share) market?
Q.5. What are the emerging trends in this flavor and fragrance (flavor and fragrance market, flavors and fragrances market, flavors and fragrance industry, flavor and fragrance market share) market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the flavor and fragrance (flavor and fragrance market, flavors and fragrances market, flavors and fragrance industry, flavor and fragrance market share) market?
Q.7. What are the new developments in the flavor and fragrance(flavor and fragrance market, flavors and fragrances market, flavors and fragrance industry, flavor and fragrance market share) market? Which companies are leading these developments?