The global flavors and
fragrance market is expected to reach USD 28.65 billion by 2025, according to a
new report by Grand View Research, Inc. Flavors & fragrances provide
lasting sensory impressions, often determined when subtly applied via food, beverage,
medical products, and other substances. These products enhance the overall
appeal and aesthetic value of consumer goods.
Flavors & fragrances are
mostly prepared using volatile chemicals and essential oils to deliver a
particular flavor or enhance existing flavors. The products are mainly
categorized into natural and synthetic. Increasing consumer demand for fresh
and natural products has contributed to exponential segment growth.
Rising demand for convenience
and ready-to-eat meals, health, and wellness foods, as well as technological
advancements, are expected to boost market growth. Rapid industrialization and
increasing consumer disposable incomes in emerging economies such as China and
India are also projected to foster the global food flavors market over the
forecast period.
Owing to the enormous demand
for natural products, many forests have been chopped down to derive minuscule
amounts of oil. Several arable lands have also been converted into monoculture
farming lands to cultivate a single plant or crop to obtain particular oil.
This, in turn, has resulted in limited availability of raw materials for
natural products.
Flavors & fragrances
manufacturers operate through collaborations with scientists, artists,
musicians, writers, and filmmaker to tap into creative minds to expose perfumes
to new and constantly evolving creative territories and approaches.
Manufacturers also form creative teams that comprise fragrance evaluators,
perfumers, and flavorists.
In depth research report on Flavors And Fragrances Market
Further key findings from the report suggest:
•
Aroma chemicals are expected to
maintain the largest market share and are likely to account for 64.6% of the
revenue generated in 2025
•
Increasing research expenditure
on developing fragrance compounds is expected to support the demand for aroma
chemicals in upcoming years
•
Essential oils are expected to
emerge as the largest as well as fastest growing natural product segment
•
Orange essential oil demand was
valued at USD 1,404.8 million in 2015
•
Fragrances application segment
is estimated to dominate the market while the valuation of flavors is projected
to grow at a CAGR of 4.1% from 2016 to 2025
•
Asia Pacific is projected to
grow at the highest CAGR on account of availability of the raw material and
increasing demand
Grand View Research has
segmented the 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
(1)
Limonene
(2)
Myrcene
(3)
Others
•
Corn Mint
(1)
Menthol
(2)
Menthone
(3)
Others
•
Eucalyptus
(1)
Eucalyptol
(2)
Limonene
(3)
Others
•
Pepper Mint
(1)
Menthol
(2)
Menthone
(3)
Others
•
Lemon
(1)
Pinene
(2)
Limonene
(3)
Camphene
•
Oleoresins
•
Paprika
(1)
Piperine
(2)
Others
•
Black Pepper
(1)
Piperine
(2)
Others
•
Turmeric
(1)
Curcumin
(2)
Others
•
Ginger
•
Gingerol
•
Others
•
Others
•
Aroma Chemicals
•
Esters
•
Ethyl acetate
•
Benzyl acetate
•
Ethyl benzoate
•
Methyl decanoate
•
Others
•
Alcohol
•
Lauryl alcohol
•
Menthol
•
Others
•
Aldehyde
•
Benzaldehyde
•
Vanillin
•
Others
•
Phenol
•
Ethylvanillin
•
Others
•
Others
Flavors and Fragrances Application Outlook (Revenue, USD
Million, 2014 - 2025)
•
Flavors
•
Confectionary
•
Convenience Foods
•
Bakery Food
•
Dairy Food
•
Beverages
•
Others
•
Fragrances
•
Fine fragrances
•
Cosmetics and Toiletries
•
Soaps & Detergents
•
Others
Flavors and Fragrances Regional Outlook (Revenue, USD
Million, 2014 - 2025)
•
North America
•
U.S
•
Europe
•
Germany
•
UK
•
France
•
Asia Pacific
•
China
•
India
•
Japan
•
Middle East & Africa
•
Saudi Arabia
•
Central and South America
•
Brazil
Browse more research
reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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