Global Flavor and Fragrance Market Report: 2015 Edition
The flavors and fragrances (F&F) market is part of a larger market, which supplies a variety of ingredients and components that consumer product manufacturers utilize in their products. The broader market includes large multinational companies and smaller regional and local participants which supply products such as seasonings, texturizers, spices, enzymes, fortified products and cosmetic ingredients. The organizations in F&F industry are focusing on their exercises towards profoundly populated and quickly growing locales of the world like Asia Pacific, Latin America, Middle East and Africa.
The global flavors and fragrances market is growing on the back of incessantly increasing demand from emerging markets, rising preference of packaged foods and beverages and escalating cosmetics industry. Ameliorating global economic development and emerging middle class population are other major factors which are bolstering the respective market. Increasing product launch at global level, rising concern towards food safety, health and wellness as well as towards flavors and also growing demand for natural ingredients are the significant trends observed in the F&F market. However, there are many factors which hinder the growth of respective industry, some of which are high research and development cost, regulatory risks, significant barriers to entry and fluctuating raw material prices.
This report offers a comprehensive analysis of the global flavors and fragrances market, along with an in-depth study of each of its segments. The global flavors and fragrance industry is characterized by its dynamic structure and intense competition among the companies operating here. To remain competitive, the players continue to invest heavily in research and development. Givaundan is the market leader in the Global F&F industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom. The competitive landscape along with the company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
The global flavors and fragrances market is growing on the back of incessantly increasing demand from emerging markets, rising preference of packaged foods and beverages and escalating cosmetics industry. Ameliorating global economic development and emerging middle class population are other major factors which are bolstering the respective market. Increasing product launch at global level, rising concern towards food safety, health and wellness as well as towards flavors and also growing demand for natural ingredients are the significant trends observed in the F&F market. However, there are many factors which hinder the growth of respective industry, some of which are high research and development cost, regulatory risks, significant barriers to entry and fluctuating raw material prices.
This report offers a comprehensive analysis of the global flavors and fragrances market, along with an in-depth study of each of its segments. The global flavors and fragrance industry is characterized by its dynamic structure and intense competition among the companies operating here. To remain competitive, the players continue to invest heavily in research and development. Givaundan is the market leader in the Global F&F industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom. The competitive landscape along with the company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
1. INGREDIENTS INDUSTRY
1.1 Overview
1.2 Market Overview
1.2.1 On the Basis of Ingredients Type
1.2.2 On the Basis of Region
1.2.3 On the Basis of Function
1.2.4 On the Basis of End Use
2. FLAVORS & FRAGRANCE INDUSTRY
2.1 Overview
2.2 Market Overview
Market Value
Market Volume
Regional Breakdown
3. FLAVORS INDUSTRY
3.1 Overview
3.2 Market Overview
Market Value
Market Volume
End Markets
4. FRAGRANCES INDUSTRY
4.1 Overview
4.2 Market Overview
Market Value
Market Volume
End Markets
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Increasing Global Population
5.1.2 Rise in Demand for Packaged Food and Beverages
5.1.3 Changing Demographics
5.1.4 Global Economic Growth
5.1.5 Emerging Middle Class
5.1.6 Demand in Cosmetics Market
5.2 Key Trends
5.2.1 Global Product Launch
5.1.2 Innovation in Flavored Beverages
5.2.3 Health and Wellness
5.2.4 Food Safety
5.2.5 Flavor and Taste
5.2.6 Demand from Emerging Economies
5.2.7 Demand for Natural Ingredients
5.3 Challenges
5.3.1 Multiple Uses, Multiple Regulations
5.3.2 Health Hazards Associated with Food Additives
5.3.3 Barriers to Entry
5.3.4 Fluctuating Raw Material Prices
6. COMPETITIVE LANDSCAPE
6.1 Ingredients Industry
6.2 F&F Industry
Overall Market Share
Segment Market Share
Regional Revenue Share
Segment Revenue Share
6.3 Flavors Industry
6.4 Fragrances Industry
7. COMPANY PROFILES
7.1 Givaudan SA
7.1.1 Business Description
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 International Flavors & Fragrances Inc. (IFF)
7.2.1 Business Description
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Symrise AG
7.3.1 Business Description
7.3.2 Financial Overview
7.3.3 Business Strategies
8. MARKET OUTLOOK
8.1 Market Forecast
8.2 Forecast Methodology
8.2.1 Dependent and Independent Variables
8.2.2 Correlation Analysis
8.2.3 Regression Analysis
1.1 Overview
1.2 Market Overview
1.2.1 On the Basis of Ingredients Type
1.2.2 On the Basis of Region
1.2.3 On the Basis of Function
1.2.4 On the Basis of End Use
2. FLAVORS & FRAGRANCE INDUSTRY
2.1 Overview
2.2 Market Overview
Market Value
Market Volume
Regional Breakdown
3. FLAVORS INDUSTRY
3.1 Overview
3.2 Market Overview
Market Value
Market Volume
End Markets
4. FRAGRANCES INDUSTRY
4.1 Overview
4.2 Market Overview
Market Value
Market Volume
End Markets
5. MARKET DYNAMICS
5.1 Growth Drivers
5.1.1 Increasing Global Population
5.1.2 Rise in Demand for Packaged Food and Beverages
5.1.3 Changing Demographics
5.1.4 Global Economic Growth
5.1.5 Emerging Middle Class
5.1.6 Demand in Cosmetics Market
5.2 Key Trends
5.2.1 Global Product Launch
5.1.2 Innovation in Flavored Beverages
5.2.3 Health and Wellness
5.2.4 Food Safety
5.2.5 Flavor and Taste
5.2.6 Demand from Emerging Economies
5.2.7 Demand for Natural Ingredients
5.3 Challenges
5.3.1 Multiple Uses, Multiple Regulations
5.3.2 Health Hazards Associated with Food Additives
5.3.3 Barriers to Entry
5.3.4 Fluctuating Raw Material Prices
6. COMPETITIVE LANDSCAPE
6.1 Ingredients Industry
6.2 F&F Industry
Overall Market Share
Segment Market Share
Regional Revenue Share
Segment Revenue Share
6.3 Flavors Industry
6.4 Fragrances Industry
7. COMPANY PROFILES
7.1 Givaudan SA
7.1.1 Business Description
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 International Flavors & Fragrances Inc. (IFF)
7.2.1 Business Description
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Symrise AG
7.3.1 Business Description
7.3.2 Financial Overview
7.3.3 Business Strategies
8. MARKET OUTLOOK
8.1 Market Forecast
8.2 Forecast Methodology
8.2.1 Dependent and Independent Variables
8.2.2 Correlation Analysis
8.2.3 Regression Analysis
LIST OF CHARTS
Types of Food Ingredients
Types of F&B Ingredients
Global Specialty Food Ingredients Market (2006-2014E)
Segmentation of Specialty Food Ingredients Market (2014)
Global Ingredients Market Volume by Geography (2014)
Global Ingredients Market by Function (2014)
Market Share by End Use (2014)
F&F Industry on the Basis of Category
Flavor and Fragrance Industry – Supply Chain
Global Flavor and Fragrance Market by Revenue (2009-2014)
Global Flavor and Fragrance Market by Volume (2009-2014)
Global Flavor and Fragrance Consumption by Region (2014/2019)
Global Flavors Market by Revenues (2009-2014)
Global Flavors Market Demand by Volume (2009-2014)
Global Flavor Market Volume by End Use (2014)
Global Fragrance Market by Revenue (2009-2014)
Global Fragrance Market Demand by Volume (2009-2014)
Global Fragrance Market Volume by End Use (2014)
Global Fragrance Market Volume by Category (2014E)
Global Population (2009-2014)
Global Population Growth Trend by Development (2009-2014)
Packaged Food Volume CAGR by Region (2004-2014)
Global Food and Beverage Industry – by Value (2009-2014)
Global Urban Population (2007-2014)
Global Youth Population Segment (1985-2025)
Global GDP Growth (2009-2014)
Global GDP per Capita (2009-2014)
Global Middle Class Population by Region (2009-2030)
Global Cosmetics Market and Annual Growth (2009-2014)
Global Product Launch (2011-2014)
Concern towards Ingredients Included in Food and Beverages (2015)
Consumer Shopping and Eating Habits (2015)
Information Most Sought on Food/Beverage Package (2015)
Factors Affecting the Consumer’s Decision to Buy Food (2015)
Consumption of Packaged Food in Emerging Economies (2013-2018E)
Global Natural Ingredient Market Value (2006-2017E)
Comparative Revenue of Specialized Food Ingredients Suppliers (2014)
Global F&F Market Shares by Company (2014)
Global F&F Market Share of Companies by Segments (2014)
Global F&F Market Revenue of Companies by Region (2014)
Global F&F Market Sales of Companies by Segment (2014)
Global Flavors Sales Share of Companies by Category (2014)
Asian Flavor Market Share (2014)
Global Fragrances Sales Share of Companies by Category (2014)
Asian Fragrances Market Share (2014)
Givaudan’s Revenue Share by Business Segments (2014)
Givaudan’s Revenue Share by Geography (2014)
Givaudan’s Revenues by Business Segments (2009-2014)
IFF Revenues Share by Business Segments (2013-2014)
IFF’s Revenue and Operating Profit (2011-2014)
Symrise’s Revenue Breakup by Business Segments (2013-2014)
Symrise’s Revenue Breakup by Region (2014)
Symrise’s Sales and Net Income (2010-2014)
Symrise’s R&D Expenditures (2010-2014)
Global Flavors and Fragrance Market Forecast (2014-2018E)
Types of Food Ingredients
Types of F&B Ingredients
Global Specialty Food Ingredients Market (2006-2014E)
Segmentation of Specialty Food Ingredients Market (2014)
Global Ingredients Market Volume by Geography (2014)
Global Ingredients Market by Function (2014)
Market Share by End Use (2014)
F&F Industry on the Basis of Category
Flavor and Fragrance Industry – Supply Chain
Global Flavor and Fragrance Market by Revenue (2009-2014)
Global Flavor and Fragrance Market by Volume (2009-2014)
Global Flavor and Fragrance Consumption by Region (2014/2019)
Global Flavors Market by Revenues (2009-2014)
Global Flavors Market Demand by Volume (2009-2014)
Global Flavor Market Volume by End Use (2014)
Global Fragrance Market by Revenue (2009-2014)
Global Fragrance Market Demand by Volume (2009-2014)
Global Fragrance Market Volume by End Use (2014)
Global Fragrance Market Volume by Category (2014E)
Global Population (2009-2014)
Global Population Growth Trend by Development (2009-2014)
Packaged Food Volume CAGR by Region (2004-2014)
Global Food and Beverage Industry – by Value (2009-2014)
Global Urban Population (2007-2014)
Global Youth Population Segment (1985-2025)
Global GDP Growth (2009-2014)
Global GDP per Capita (2009-2014)
Global Middle Class Population by Region (2009-2030)
Global Cosmetics Market and Annual Growth (2009-2014)
Global Product Launch (2011-2014)
Concern towards Ingredients Included in Food and Beverages (2015)
Consumer Shopping and Eating Habits (2015)
Information Most Sought on Food/Beverage Package (2015)
Factors Affecting the Consumer’s Decision to Buy Food (2015)
Consumption of Packaged Food in Emerging Economies (2013-2018E)
Global Natural Ingredient Market Value (2006-2017E)
Comparative Revenue of Specialized Food Ingredients Suppliers (2014)
Global F&F Market Shares by Company (2014)
Global F&F Market Share of Companies by Segments (2014)
Global F&F Market Revenue of Companies by Region (2014)
Global F&F Market Sales of Companies by Segment (2014)
Global Flavors Sales Share of Companies by Category (2014)
Asian Flavor Market Share (2014)
Global Fragrances Sales Share of Companies by Category (2014)
Asian Fragrances Market Share (2014)
Givaudan’s Revenue Share by Business Segments (2014)
Givaudan’s Revenue Share by Geography (2014)
Givaudan’s Revenues by Business Segments (2009-2014)
IFF Revenues Share by Business Segments (2013-2014)
IFF’s Revenue and Operating Profit (2011-2014)
Symrise’s Revenue Breakup by Business Segments (2013-2014)
Symrise’s Revenue Breakup by Region (2014)
Symrise’s Sales and Net Income (2010-2014)
Symrise’s R&D Expenditures (2010-2014)
Global Flavors and Fragrance Market Forecast (2014-2018E)
LIST OF TABLES
Types of Flavoring in Food
List of Chemicals and their Odor
End User Application of Fragrance
Total Middle Class Consumption by Region (2009-2030)
Middle Class Consumption of Top 10 Countries (2009-2030)
Top Four Players in the Main Food Additive Categories (2014)
Competitive Landscape of Specialized Suppliers (2014)
Competitive Landscape of Food Additives Players (2014)
Dependent & Independent Variables (2010-2014)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
Types of Flavoring in Food
List of Chemicals and their Odor
End User Application of Fragrance
Total Middle Class Consumption by Region (2009-2030)
Middle Class Consumption of Top 10 Countries (2009-2030)
Top Four Players in the Main Food Additive Categories (2014)
Competitive Landscape of Specialized Suppliers (2014)
Competitive Landscape of Food Additives Players (2014)
Dependent & Independent Variables (2010-2014)
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output
