About Flavour and Fragrance
Flavours are the aromas which used in edible foods & drinks, whereas the fragrances are aromatic mixtures that are used to perfume self, toiletries & various industrial applications. Also, the flavors are consumed orally while the fragrances are for external use. In other words flavors are the sensory impression of a food or other substance, and is determined mainly by the chemical senses of taste and smell.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Flavour and Fragrance market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Biotech (United States), The Pierre's Vetiver Oil (United States), Gupta & Company Pvt (India), Tashi Cardamom Production (India), Sumesh Terpene Industries (India), Seven Hills Essential Oils and Medicinal Herbs (United Kingdom), Mentha & Allied Product (India), Mohnish Chemicals Pvt. (India), Praveen Aroma Pvt. (India) and Labh Group of Companies-Food Ingredients Division (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Capri Overseas (India), United Multitech Pvt (India), Qingdao Hodias Foodstuff Ingredients (China), Ji'an Huaxin Natural Plant (China) and Xiamen Apple Aroma (China).
Segmentation Overview
AMA Research has segmented the market of Global Flavour and Fragrance market by Type (Flavour and Fragrance), Application (Confectionery, Convenience Foods, Bakery Food, Cosmetics and Toiletries, Soaps & Detergents and Others) and Region.
On the basis of geography, the market of Flavour and Fragrance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Flavour and Fragrance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Flavour and Fragrance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of the Individuals
Market Growth Drivers:
Increased Demand of Processed Food, Beverages, Soaps, Personal Care Products, and Others and Rising Demand of Natural Ingredients
Challenges:
Fluctuating Prices of Raw Materials
Restraints:
Stringent Government Regulations
Opportunities:
Increasing Disposable Income is Boosting the Market Growth and Growing Industrialisation in Developing Economies
Market Leaders and their expansionary development strategies
In September 2023, Firmenich partnered with Airzai, a Canadian fragrance industry venture, to co-create fragrance design through augmented reality based on neuroscience.
In March 2023, Robertet launched their startup accelerator, Villa Blu fostering innovation by hosting startups in natural ingredients and fragrances. Our team of experts will garner all of their skills and Robertet network to help entrepreneurs create the most disruptive innovations for a more natural and sustainable future.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.