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Global Flavors and Fragrances Market
Global flavors and fragrances market by product (flavors, fragrances), by ingredient type (aroma chemicals, essential oils), by application (backery and confectionery, beverages, cosmetics and toiletries, dairy product, detergents, savory foods, others), by region (Asia Pacific, Europe, North America, Rest of the World (RoW)), outlook & forecast, 2022-2028
Flavors and fragrances are integral components of a wide range of consumer goods. They are an essential class of compound, universally employed as additives in various technological fields such as textiles, cosmetics, food, and others to ameliorate the gustatory and olfactory sensations of the product. The global flavors and fragrances market market is projected to rise by USD 12 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 5.5 percent during the forecast period.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global flavors and fragrances market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the flavors and fragrances industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, ingredient type, application, and region. The global market for flavors and fragrances can be segmented by product: flavors, fragrances. The fragrances segment captured the largest share of the market in 2021. Flavors and fragrances market is further segmented by ingredient type: aroma chemicals, essential oils. The essential oils segment held the largest share of the global flavors and fragrances market in 2021 and is anticipated to hold its share during the forecast period. Based on application, the flavors and fragrances market is segmented into: backery and confectionery, beverages, cosmetics and toiletries, dairy product, detergents, savory foods, others. In 2021, the beverages segment made up the largest share of revenue generated by the flavors and fragrances market. On the basis of region, the flavors and fragrances market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). Among these, Asia Pacific was accounted for the highest revenue generator in 2021.
By ingredient type:
– aroma chemicals
– essential oils
– backery and confectionery
– cosmetics and toiletries
– dairy product
– savory foods
– Asia Pacific
– North America
– Rest of the World (RoW)
The aroma chemicals market is further segmented into benzenoids, miscellaneous, musk chemicals, terpenes. According to the research, the terpenes segment had the largest share in the global flavors and fragrances market. Furthermore, the essential oils market has been categorized into black pepper oleoresin, cassia oil, citrus oils, mint oils, nutmeg oil, paprika oleoresin, vanilla extract, others. Gen Consulting Company research indicates that the citrus oils segment occupied the largest share of this market in 2021 and is expected to draw the highest demand in coming years.
The global flavors and fragrances market report offers detailed information on several market vendors, including Apple Flavor and Fragrance Group Co., Ltd., Archer Daniels Midland Company (ADM), Firmenich International S.A., Givaudan S.A., Huabao Flavours & Fragrances Co., Ltd. , International Flavors & Fragrances Inc., Kerry Group plc, MANE S.A., Robertet SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG, T. Hasegawa Co.,Ltd., Takasago International Corp., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
– To analyze and forecast the market size of the global flavors and fragrances market.
– To classify and forecast the global flavors and fragrances market based on product, ingredient type, application, region.
– To identify drivers and challenges for the global flavors and fragrances market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global flavors and fragrances market.
– To identify and analyze the profile of leading players operating in the global flavors and fragrances market.
Why Choose This Report
– Gain a reliable outlook of the global flavors and fragrances market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.
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