Flavours & Fragrances Market Overview 2018: Segmentation, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast 2025

Global Flavours & Fragrances Market is expected to reach USD 53.9 billion by 2025, from USD 3.2 billion in 2017 growing at a CAGR of 6.0% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Competitive Analysis: Global Flavours & Fragrances Market

The global flavours & fragrances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flavours & fragrances market for global, Europe, North America, Asia Pacific and South America.

According to U.S. Department Of Commerce, countries like Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Russia, Singapore, South Korea, Taiwan, Thailand, Turkey, United, Arab Emirates, and Vietnam had market worth of around USD 60 billion in the year 2015, this growth has also affected the flavours and fragrances market tremendously. The major players in the flavours and fragrances industry are making various developments such as launch of new products, opening new research and development centres, and new plants for the growth of the flavours and fragrances market. Bell Flavours & Fragrances which is one of the key players of the market has introduced new program under the brand name Spark for emerging consumer trends as well as flavour and fragrance inspirations.

Bell’s Spark flavour trends are focused on the costumer that is making healthy lifestyle decisions. The company has also introduced Sweetech technology as a smarter flavour enhancer, which is an alternative for the food and beverage industry.

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Major Market Drivers and Restraints:

Increasing consumer demand for more natural products.

Growing personal consumption expenditures in developing countries.

Increase in demand for flavour and fragrance containing goods, such as packaged foods and cosmetics and toiletries Increasing quality of suturing material.

Fluctuation in raw material prices.

Market Segmentation: Global Flavours & Fragrances Market

The global flavours & fragrances market is segmented based on product, application, technology, and geographical segments.

Based on application, the global flavours & fragrances market is segmented into dairy products, soap & detergent, beverages, cosmetics and toiletries, oral care, confectionary and bakery products and household and others.

On the basis of product the global flavours & fragrances market is classified into aroma chemicals, synthetic aroma chemicals, flavour blends, natural aroma chemicals and fragrance blends.

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On the basis of technology, the global flavours & fragrances market is classified into flavour encapsulation, flavour encapsulation, enzymatic routes, conventional technologies, supercritical fluid extraction.

Based on geography, the global flavours & fragrances market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Major Market Competitors/Players: Global Flavours & Fragrances Market

Some of the major players operating in the global flavours & fragrances market are – Cargill Flavor Systems, International Flavors & Fragrances, Inc, Agilex Flavors & Fragrances, Inc, Takasago International Corp, Aromatech SAS, Firmenich SA, Symrise AG, Bell Flavors & Fragrances Inc, Givaudan SA, ConAgra Foods Incorporated, Royal DSM NV, BASF SE, Frutarom Industries Ltd, Bedoukian Research, Inc, Solvay SA, David Michael & Co, Kerry Group plc, Comax Flavors, Flavorchem Corp, Takasago International Corp, Biolandes SAS, dōTERRA International, Falcon Essential Oils, Flavex Naturextrakte GmbH, Ungerer & Company, Akay, Indo World, Symrise AG, Firmenich SA, Elevance Renewable Sciences, Inc, Manohar Botanical Extracts Pvt. Ltd, Alpha Aromatics.

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