Growth Opportunities in the Global Flavor and Fragrance Market

Trends, opportunities and forecast in this market to 2022 by product (flavor and fragrance), application (dairy, savory/snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), raw material (aroma chemical and essential oils), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Publisher: Lucintel Published: March 2017
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Growth Opportunities in the Global Flavor and Fragrance Market

Report Feature

The future of the global flavor and fragrance market looks good with opportunities in flavor and fragrance products, such as dairy, savory/snacks, fine fragrance, cosmetic and toiletries, and household and air care. The global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income among middle class, changing consumer preferences, and growing awareness among customers to buy products that contain natural ingredients. 
 
Emerging trends, which have a direct impact on the dynamics of the flavor and fragrance industry, include increased use of biotic ingredients and business expansion by major players in emerging markets. 
 
A total of 83 figures / charts and 78 tables are provided in this 173-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 report, download the report brochure. 
Global Flavor and Fragrance Market Trends
Global Fragrance Market Forecast
Growth Opportunities for Global Fragrance Market by Region
The study includes the flavor and fragrance market size and a forecast for the global flavor and fragrance market through 2022 by product type, application, raw material, country, and region as follows:
 
Flavor and fragrance market by product type (Value ($B) shipment analysis from 2011-2022):
  • Flavor 
  • Fragrance
Flavor Market by Application (Value ($B) shipment analysis from 2011-2022):
  • Dairy
  • Savory/Snacks
  • Beverage
  • Confectionery/ Bakery
  • Others
Flavor Market by Application (Value ($B) shipment analysis from 2011-2022):
  • Fine fragrance
  • Cosmetic and toiletry
  • Soap and detergents
  • House hold and air care
  • Others
Flavor and fragrance market by raw material (Value ($B) shipment analysis from 2011-2022)
  • Aroma Chemical 
  • Essential Oils
Regional Break down for Flavor and Fragrance Market (Value ($B) shipment analysis from 2011-2022)
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Flavor and fragrance market by country (Value ($B) shipment analysis from 2011-2022)
  • US
  • Western Europe 
  • Eastern Europe 
  • Central Europe 
  • China 
  • Japan 
  • India 
  • Middle East
  • South America 
  • Africa
Flavor and fragrance companies profiled in this market include Givaudan, Firmenich, IFF, Symrise AG, and Takasago are among the major suppliers of the flavor and fragrance market. 
 
On the basis of its comprehensive research, Lucintel forecasts that dairy, fine fragrances, and household and air care likely to experience the highest growth in the forecast period. 
 
Within the global flavor market, the beverage application is likely to remain the largest segment during the forecast period, while soap & detergents is likely to be the largest segment for the fragrance market. 
 
Asia Pacific is expected to become the largest market and is also expected to witness above average growth over the forecast period due to strengthening economies, growing urbanization, changing lifestyle, and a rise in per capita income. 

Some of the features of “Growth Opportunities in the Global Flavor and Fragrance Market 2017-2022: Trends, Forecast, and Opportunity Analysis” include:
 
Market size estimates: Global flavor and fragrance market size estimation in terms of value ($B) shipment.
Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
Segmentation analysis: Global flavor and fragrance market size by various applications such as product type, application type, raw material type, and country in terms of value shipment.
Regional Analysis: Flavor and fragrance market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of flavor and fragrance market.
Strategic analysis: This includes M&A, new product development, competitive landscape of flavor and fragrance suppliers.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary
8. Company Profiles of Leading Players

List of Figures

Figure 3.1: Trends of the Global GDP Growth Rate Figure 3.2: Trends of the Global GDP Growth Rate Figure 3.3: Trends of the Global Inflation Rate Figure 3.4: Trends of the Global Unemployment Rate Figure 3.5: Trends of the Regional GDP Growth Rate Figure 3.6: Trends of the Regional Population Growth Rate Figure 3.7: Trends of the Regional Inflation Rate Figure 3.8: Trends of the Regional Unemployment Rate Figure 3.9: Regional Per Capita Income Trends Figure 3.10: Forecast of the Global GDP Growth Rate Figure 3.11: Forecast of the Global Population Growth Rate Figure 3.12: Forecast of the Global Inflation Rate Figure 3.13: Forecast of the Global Unemployment Rate Figure 3.14: Forecast of the Regional GDP Growth Rate Figure 3.15: Forecast of the Regional Population Growth Rate Figure 3.16: Forecast of the Regional Inflation Rate Figure 3.17: Forecast of the Regional Unemployment Rate Figure 3.18: Forecast of Regional Per Capita Income Figure 3.19: Trend and Forecast for the Global Flavor and Fragrance market ($B) Figure 3.20: Trends of the Global Flavor Market ($B) by Region (2011-2016) Figure 3.21: Forecast for the Global Flavor Market ($B) by Region (2017-2022) Figure 3.22: Trends of the Global Fragrance Market ($B) by Region (2011-2016) Figure 3.23: Forecast for the Global Fragrance Market ($B) by Region (2017-2022) Figure 3.24: Trends of Global Flavor market in $B by end use Figure 3.25: Forecast for the global flavor market by end use (2017-2022) Figure 3.26: Trends and Forecast for Dairy in the Global Flavor Market (2011-2022) Figure 3.27: Trends and Forecast for Beverage in the Global Flavor Market (2011-2022) Figure 3.28: Trends and Forecast for Savory in the Global Flavor Market (2011-2022) Figure 3.29: Trends and Forecast for Confectionery in the Global Flavor Market (2011-2022) Figure 3.30: Trends and Forecast for other applications in the Global Flavor Market (2011-2022) Figure 3.31: Trends of Global Fragrance market in $B by End Use Figure 3.32: Forecast for the global fragrance market in $B by End Use Figure 3.33: Trends and Forecast for Fine Fragrance in the Global Fragrance Market (2011-2022) Figure 3.34: Trends and Forecast for Cosmetic and Toiletries in the Global Fragrance Market (2011-2022) Figure 3.35: Trends and Forecast for Soap and Detergents in the Global Fragrance Market (2011-2022) Figure 3.36: Trends and Forecast for Household and Air care in the Global Fragrance Market (2011-2022) Figure 3.37: Trends and Forecast for Other Applications in the Global Fragrance Market (2011-2022) Figure 3.38: Trends of the Global Flavor and Fragrance market by ingredients type (2011-2016) Figure 3.39: Forecast for the Global Flavor and Fragrance market by ingredients type (2017-2022)
Figure 4.1: Trends of the Global Flavor Market ($B) by Region (2011-2016) Figure 4.2: Forecast for Global Flavor Market ($B) by Region (2017-2022) Figure 4.3: Trends of the Global Fragrance Market ($B) by Region (2011-2016) Figure 4.4: Forecast for Global Fragrance Market ($B) by Region (2017-2022) Figure 4.5: Trends and Forecast for the North American Flavor Market (2011-2022) Figure 4.6: Trends and Forecast for the North American Fragrance Market (2011-2022) Figure 4.7: Trends and Forecast of the US Flavor and Fragrance Market (2011-2016) Figure 4.8: Trends and Forecast for the Europe Flavor Market (2011- 2022) Figure 4.9: Trends and Forecast for the Europe Fragrance Market (2011-2022) Figure 4.10: Trends of Global European Flavor and Fragrance Market by Sub-Region (2011-2016) Figure 4.11: Forecast for Global European Flavor and Fragrance Market by Sub-Region (2017-2022) Figure 4.12: Trends and Forecast for Eastern Europe Flavor and Fragrance Market (2011-2022) Figure 4.13: Trends and Forecast for Western Europe Flavor and Fragrance Market (2011-2022) Figure 4.14: Trends and Forecast for Central Europe Flavor and Fragrance Market (2011-2022) Figure 4.15: Trends and Forecast for the APAC Flavor Market (2011- 2022) Figure 4.16: Trends and Forecast for the APAC Fragrance Market (2011- 2022) Figure 4.17: Trends of the APAC Flavor and Fragrance Market (2011-2016) Figure 4.18: Forecast for the APAC Flavor and Fragrance Market (2017-2022) Figure 4.19: Trends and Forecast of the China Flavor and Fragrance Market (2011-2022) Figure 4.20: Trends and Forecast of the Japan Flavor and Fragrance Market (2011-2022) Figure 4.21: Trends and Forecast of the India Flavor and Fragrance Market (2011-2022) Figure 4.22: Trends and Forecast of the Other Countries Flavor and Fragrance Market (2011-2022) Figure 4.23: Trends and Forecast for the ROW Flavor Market (2011-2022) Figure 4.24: Trends and Forecast for the ROW Fragrance Market (2011-2022) Figure 4.25: Trends of the ROW Flavor and Fragrance Market (2011-2016) Figure 4.26: Forecast of the ROW Flavor and Fragrance Market (2017-2022) Figure 4.27: Trend and Forecast for the Middle East Flavor and Fragrance market (2011-2022) Figure 4.28: Trends and Forecast for the South America Flavor and Fragrance market Figure 4.29: Trends and Forecast for the Africa Flavor and Fragrance market (2011-2022)

List of Tables

Table 3.1: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Value (2011-2016) Table 3.2: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Value (2017-2022) Table 3.3: Market Size and CAGR of Various Regions of the Global Flavor Market by Value (2011-2016) Table 3.4: Market Size and CAGR of Various Regions of the Global Flavor Market by Value (2017-2022) Table 3.5: Market Trends of Dairy in the Global flavor Market (2011-16) Table 3.6: Market Forecast for Dairy in the Global Flavor Market (2017-2022) Table 3.7: Market Trends of Beverage in the Global flavor Market (2011-16) Table 3.8: Market Forecast for Beverage in the Global Flavor Market (2017-2022) Table 3.9: Market Trends of Savory in the Global flavor Market (2011-16) Table 3.10: Market Forecast for Savory in the Global Flavor Market (2017-2022) Table 3.11: Market Trends of Confectionery in the Global flavor Market (2011-2016) Table 3.12: Market Forecast for Confectionery in the Global Flavor Market (2017-2022) Table 3.13: Market Trends of other applications in the Global flavor Market (2011-16) Table 3.14: Market Forecast for other application in the Global Flavor Market (2017-2022) Table 3.15: Market Size and CAGR of Various Regions of the Global Fragrance Market by Value (2011-2016) Table 3.16: Market Size and CAGR of Various Regions of the Global Fragrance Market by Value (2017-2022) Table 3.17: Market Trends of Fine Fragrance in the Global Fragrance Market Table 3.18: Market Forecast for Fine Fragrance in the Global Fragrance Market Table 3.19: Market Trends of Cosmetics and Toiletries in the Global Fragrance Market (2011-16) Table 3.20: Market Forecast for Cosmetics and Toiletries in the Global Fragrance Market (2017-2022) Table 3.21: Market Trends of Soap and Detergents in the Global Fragrance Market Table 3.22: Market Forecast for Soap and Detergents in the Global Fragrance Market (2017-2022) Table 3.23: Market Trends of Household and Air care in the Global Fragrance Market (2011-16) Table 3.24: Market Forecast for Soap and Detergents in the Global Fragrance Market (2017-2022) Table 3.25: Market Trends of Other Applications in the Global Fragrance Market (2011-16) Table 3.26: Market Forecast for Other Applications in the Global Fragrance Market (2017-2022) Table 3.27: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Ingredients type (2011-2016) Table 3.28: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Ingredients type (2017-2022)
Table 4.1: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Value (2011-2016) Table 4.2: Market Size and CAGR of Various Regions of the Global Flavor and Fragrance Market by Value (2017-2022) Table 4.3: Market Trends of the North American Flavor Market (2011-2016) Table 4.4: Market Forecast for the North American Flavor Market (2017-2022) Table 4.5: Trends of the North American Fragrance Market (2011-2016) Table 4.6: Market Forecast for the North American Fragrance Market (2017-2022) Table 4.7: Market Trends and Growth rate of the US Flavor and Fragrance Market (2011-2016) Table 4.8: Market Forecast and Growth rate for the US Flavor and Fragrance Market (2017-2022) Table 4.9: Market Trends of the Europe Flavor Market (2011-2016) Table 4.10: Market Forecast for the Europe Flavor Market (2017-2022) Table 4.11: Market Trends of the Europe Fragrance Market (2011-2016) Table 4.12: Market Forecast for the Europe Fragrance Market (2017-2022) Table 4.13: European Flavor and Fragrance market trend with CAGR (2011-16) Table 4.14: European Flavor and Fragrance market forecast with CAGR (2017-22) Table 4.15: Market Trends and Growth rate of Eastern Europe Flavor and Fragrance Market (2011-16) Table 4.16: Market Forecast and Growth rate of Eastern Europe Flavor and Fragrance Market (2017-22) Table 4.17: Market Trends and Growth rate of Western Europe Flavor and Fragrance Market (2011-16) Table 4.18: Market Forecast and Growth rate of Western Europe Flavor and Fragrance Market (2017-22) Table 4.19: Market Trends and Growth rate of Central Europe Flavor and Fragrance Market (2011-16) Table 4.20: Market Forecast and Growth rate of Central Europe Flavor and Fragrance Market (2017-22) Table 4.21: Market Trends of the APAC Flavor Market (2011-2016) Table 4.22: Market Forecast for the APAC Flavor Market (2017-2022) Table 4.23: Market Trends of the APAC Fragrance Market (2011-2016) Table 4.24: Market Forecast for the APAC Fragrance Market (2017-2022) Table 4.25: APAC Flavor and Fragrance market trend (2011-16) Table 4.26: APAC Flavor and Fragrance market Forecast (2017-22) Table 4.27: Market Trends and Growth rate of China Flavor and Fragrance Market (2011-2016) Table 4.28: Market Forecast and Growth rate for the China Flavor and Fragrance Market (2017-2022) Table 4.29: Market Trends and Growth rate of the Japan Flavor and Fragrance Market (2011-2016) Table 4.30: Market Forecast and Growth rate for the Japan Flavor and Fragrance Market (2017-2022) Table 4.31: Market Trends and Growth rate of the India Flavor and Fragrance Market (2011-2016) Table 4.32: Market Forecast and Growth rate for the India Flavor and Fragrance Market (2017-2022) Table 4.33: Market Trends and Growth rate of the Other Flavor and Fragrance Market (2011-2016) Table 4.34: Market Forecast and Growth rate for the Others Flavor and Fragrance Market (2017-2022) Table 4.35: Market Trends of the ROW Flavor Market (2011-2016) Table 4.36: Market Forecast for the ROW Flavor Market (2017-2022) Table 4.37: Market Trends of the ROW Fragrance Market (2011-2016) Table 4.38: Market Forecast for the ROW Fragrance Market (2017-2022) Table 4.39: ROW Flavor and Fragrance market trend (2011-16) Table 4.40: ROW Flavor and Fragrance market forecast by Sub Region (2017-22) Table 4.41: Market Trends and Growth rate of Middle East Flavor and Fragrance Market (2011-16) Table 4.42: Market Forecast and Growth rate of Middle East Flavor and Fragrance Market (2017-22) Table 4.43: Market Trends and Growth rate of South America Flavor and Fragrance Market (2011-16) Table 4.44: Market Forecast and Growth rate of South America Flavor and Fragrance Market (2017-22) Table 4.45: Market Trends and Growth rate of Africa Flavor and Fragrance Market (2011-16) Table 4.46: Market Forecast and Growth rate of Africa Flavor and Fragrance Market (2017-22)

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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Key Questions

  • What are some of the most promising, high-growth trends in the global flavor and fragrance market by product (flavor and fragrance), application (dairy, savory/snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), raw material (aroma chemical and essential oils), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Which segments will grow at a faster pace and why?
  • Which region will grow at a faster pace and why?
  • What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in flavor and fragrance market?
  • What are the business risks and competitive threats in flavor and fragrance market?
  • What are the emerging trends in flavor and fragrance market and the reasons behind them?
  • What are some of the changing demands of customers in the flavor and fragrance market?
  • What are the new developments in the flavor and fragrance market? Which companies are leading these developments?
  • Who are the major players in flavor and fragrance market? What strategic initiatives are key players pursuing for business growth?
  • What are some of the competing products in flavor and fragrance market and how big of a threat do they pose for loss of market share by material or product substitution?
  • What M & A activity has occurred in the last 5 years and what has its impact been on flavor and fragrance industry?
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