United States Flavours & Fragrances Market | Key M&A Deals, Premium Ingredients, Global Trends & Industry Forecast 2025

DataM Intelligence has published a new research report on "Flavour and Fragrances Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

The cosmetics and personal care market in Asia-Pacific is witnessing strong growth, with key contributions from China, Japan, South Korea, and India. According to MSME, the global fragrance and flavor industry is valued at $24.10 billion, with India accounting for around $500 million.

Industry Earnings and Legal Updates

IFF is preparing to release its Q3 2025 earnings with expected slight decline in EPS, though overall performance remains strong amid challenges.​

IFF agreed to pay $26 million to resolve part of a US antitrust class action related to alleged price-fixing in the fragrance ingredients market

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Latest M&A Activity

Givaudan has been very active in M&A to expand its regional reach and product portfolio. It completed the acquisition of Vollmens Fragrances in Brazil in September 2025, strengthening its presence across Latin America, Central America, Africa, and North America.​

Other recent Givaudan acquisitions include cosmetic ingredient portfolios from Amyris (2023), Custom Essence (2021), and b.kolormakeup & skincare (completed in 2024), broadening their offerings in natural perfumes, beauty ingredients, and fragrances.​

The industry is seeing consolidation with top players like Givaudan, IFF (International Flavors & Fragrances), and BASF collaborating and acquiring smaller innovative companies to capture emerging trends and local markets.

Key Players:

International Flavors & Fragrances, Givaudan, Firmenich, Mane, Symrise, Takasago International Corp, Wild Flavors and Specialty Ingredients, Agilex Flavors & Fragrances, Inc., Frutarom, and Sensient Technologies.

Growth Forecast Projected:

The Global Flavour and Fragrances Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Flavour and Fragrances Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: (Natural, Synthetic)

By End-Usage: (Dairy Products, Consumer Products, Fine Fragrances, Confectionery, Savory Segment)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Flavour and Fragrances producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Flavour and Fragrances revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Flavour and Fragrances Market?

A: The Flavour and Fragrances Market stood at US$ 28.5 billion in 2022 and is set to experience remarkable growth, reaching US$ 41.7 billion by 2031

Q2: How fast is the Flavour and Fragrances Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 4.9% from 2025 to 2032

Key Product Launches and Innovations

Sensient Flavors & Extracts launched BioSymphony, a portfolio of natural flavors developed using innovative biotechnological methods.​

BASF Aroma Ingredients introduced a new natural lime oil ingredient, Isobionics®, expanding possibilities in flavored beverages and culinary applications.​

The fragrance industry is embracing modern interpretations of classic ingredients like musk, oud, and rose with new synthetic blends and sustainable extraction methods.​

New aroma profiles emphasize gender-neutral, mood-driven, and wellness-enhancing scents, reflecting broader cultural shifts and regulatory transparency requirements.

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