Global Markets for Flavors and Fragrances
REPORT SCOPE:
The market is segmented by application: flavors (beverages, savory foods, dairy, confectionery and bakery products, oral care) and fragrance (cosmetics and toiletries, soap, detergent). It can be also divided by ingredient: essential oils (citrus oils, mint oils, vanilla extract, cassia oil, paprika oleoresin, black pepper oleoresin, nutmeg oil) and aroma chemicals (terpenes, benzenoids, musk chemicals).
This market report organizes information from diverse sources to compare natural and synthetic ingredients. It also analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, and patent evaluations using Porter’s Five Forces.
This report analyzes each ingredient type in terms of the current global market size. Estimated values are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2019 to 2024. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers' revenue. Estimates of the regional markets for flavors and fragrances are based on the applications market. Regional sizing and forecast data are provided for North America, Western Europe, Asia, and the ROW. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global flavors and fragrances market are discussed.
REPORT INCLUDES:
The market is segmented by application: flavors (beverages, savory foods, dairy, confectionery and bakery products, oral care) and fragrance (cosmetics and toiletries, soap, detergent). It can be also divided by ingredient: essential oils (citrus oils, mint oils, vanilla extract, cassia oil, paprika oleoresin, black pepper oleoresin, nutmeg oil) and aroma chemicals (terpenes, benzenoids, musk chemicals).
This market report organizes information from diverse sources to compare natural and synthetic ingredients. It also analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, and patent evaluations using Porter’s Five Forces.
This report analyzes each ingredient type in terms of the current global market size. Estimated values are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2019 to 2024. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers' revenue. Estimates of the regional markets for flavors and fragrances are based on the applications market. Regional sizing and forecast data are provided for North America, Western Europe, Asia, and the ROW. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global flavors and fragrances market are discussed.
REPORT INCLUDES:
- 56 data tables and 17 additional tables
- An overview of global flavor and fragrance ingredients and finished products market
- Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
- Insights into regulatory and environmental developments
- Information on the supply and demand scenario and evaluation of technological and investment opportunities in the flavors and fragrances market
- Profiles of major players in the industry, including Agilex Flavors & Fragrances Inc., Comax Flavors, Groupe Bogart, MANE, Sensient Technologies Corp., Takasago International Corp. and Treatt PLC
CHAPTER 1 INTRODUCTION
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Methodology
Information Sources
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY
Market Highlights
Flavor and Fragrance Companies
CHAPTER 3 OVERVIEW
Comparison of Natural vs. Synthetic Flavors and Fragrances
Synthetic Ingredients
Natural Ingredients
Raw Material Analysis
Historical Overview
Value Chain
CHAPTER 4 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY INGREDIENT TYPE
Essential Oils
Commercially Important Essential Oils
Aroma Chemicals
Terpenes and Terpenoids
Benzenoids
Musk Chemicals
Miscellaneous Aroma Chemicals
CHAPTER 5 TECHNOLOGIES
Key Technologies
Conventional Technologies
Cold Extraction Technology
Supercritical Fluid Extraction
Enfleurage
Thermal Treatment
Enzymatic Routes
Chemical Methods
Flavor Encapsulation
CHAPTER 6 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY APPLICATION
Flavors
Beverages
Savory Foods
Dairy Products
Confectionery and Bakery Products
Oral Care
Others
Fragrances
Cosmetics and Toiletries
Soap
Detergent
Household and Other Products
CHAPTER 7 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY REGION
North America
North American Market for Flavors and Fragrances by Country
North American Market for Flavors and Fragrances by Ingredient
North American Market for Flavors and Fragrances by Application Type
Western Europe
Germany
France
United Kingdom
Italy
Spain
Other Countries
Western European Market for Flavors and Fragrances by Ingredient
Western European Market for Flavors and Fragrances by Application Type
Asia
China
Japan
India
Other Countries
Asian Market for Flavors and Fragrances by Ingredient
Asian Market for Flavors and Fragrances by Application Type
Rest of the World
South Africa
Brazil
Other Countries
CHAPTER 8 ENVIRONMENTAL REGULATIONS
Regulation of Flavors
United States
Western Europe
Japan
Regulation of Fragrances
Environmental Impact
United States
Canada
Europe
Japan
CHAPTER 9 INDUSTRY STRUCTURE
Factors Influencing Demand
Changing Consumer Preferences
Increasing Demand for Natural Flavors and Fragrances
Significant Technological Advancements
Demand from Developing Economies
Challenges within the Flavor and Fragrance Industry
High Cost of Migration from Synthetic to Natural Sources
Concerns Related to Synthetic Products
Lack of Transparency in Patent Protection Laws
Opportunities for Flavor and Fragrance Companies
Opportunities in Latin America and Asia
Widening Scope of Applications
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threats from Substitutes
Threat from New Entrants
Competitive Rivalry
CHAPTER 10 MARKET STRATEGIES
Strategy by Type
Developments by Company
New Product Development
Mergers and Acquisitions
Partnerships, Collaborations, Joint Ventures, and Agreements
Expansions and Investments
CHAPTER 11 PATENT ANALYSIS
Patents Related to Flavors and Fragrances by Country
Patents Related to Flavors and Fragrances by Company
CHAPTER 12 MARKET SHARES AND COMPANY PROFILES
Company Profiles
AGILEX FLAVORS & FRAGRANCES INC.
ARCHER DANIELS MIDLAND CO.
ART & FRAGRANCE SA
BELL FLAVORS & FRAGRANCES INC.
CHINA FLAVORS & FRAGRANCES CO., LTD.
COMAX FLAVORS
FIRMENICH INTERNATIONAL SA
FRUTAROM INDUSTRIES LTD.
GIVAUDAN SA
GROUPE BOGART
INTERNATIONAL FLAVORS & FRAGRANCES INC.
INTER PARFUMS INC.
MANE
ROBERTET SA
SENSIENT TECHNOLOGIES CORP.
SYMRISE AG
T. HASEGAWA CO., LTD.
TAKASAGO INTERNATIONAL CORP.
TREATT PLC
ULRIC DE VARENS SA
CHAPTER 13 APPENDIX: ABBREVIATIONS AND GLOSSARY
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Methodology
Information Sources
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY
Market Highlights
Flavor and Fragrance Companies
CHAPTER 3 OVERVIEW
Comparison of Natural vs. Synthetic Flavors and Fragrances
Synthetic Ingredients
Natural Ingredients
Raw Material Analysis
Historical Overview
Value Chain
CHAPTER 4 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY INGREDIENT TYPE
Essential Oils
Commercially Important Essential Oils
Aroma Chemicals
Terpenes and Terpenoids
Benzenoids
Musk Chemicals
Miscellaneous Aroma Chemicals
CHAPTER 5 TECHNOLOGIES
Key Technologies
Conventional Technologies
Cold Extraction Technology
Supercritical Fluid Extraction
Enfleurage
Thermal Treatment
Enzymatic Routes
Chemical Methods
Flavor Encapsulation
CHAPTER 6 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY APPLICATION
Flavors
Beverages
Savory Foods
Dairy Products
Confectionery and Bakery Products
Oral Care
Others
Fragrances
Cosmetics and Toiletries
Soap
Detergent
Household and Other Products
CHAPTER 7 GLOBAL MARKET FOR FLAVORS AND FRAGRANCES BY REGION
North America
North American Market for Flavors and Fragrances by Country
North American Market for Flavors and Fragrances by Ingredient
North American Market for Flavors and Fragrances by Application Type
Western Europe
Germany
France
United Kingdom
Italy
Spain
Other Countries
Western European Market for Flavors and Fragrances by Ingredient
Western European Market for Flavors and Fragrances by Application Type
Asia
China
Japan
India
Other Countries
Asian Market for Flavors and Fragrances by Ingredient
Asian Market for Flavors and Fragrances by Application Type
Rest of the World
South Africa
Brazil
Other Countries
CHAPTER 8 ENVIRONMENTAL REGULATIONS
Regulation of Flavors
United States
Western Europe
Japan
Regulation of Fragrances
Environmental Impact
United States
Canada
Europe
Japan
CHAPTER 9 INDUSTRY STRUCTURE
Factors Influencing Demand
Changing Consumer Preferences
Increasing Demand for Natural Flavors and Fragrances
Significant Technological Advancements
Demand from Developing Economies
Challenges within the Flavor and Fragrance Industry
High Cost of Migration from Synthetic to Natural Sources
Concerns Related to Synthetic Products
Lack of Transparency in Patent Protection Laws
Opportunities for Flavor and Fragrance Companies
Opportunities in Latin America and Asia
Widening Scope of Applications
Porter's Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threats from Substitutes
Threat from New Entrants
Competitive Rivalry
CHAPTER 10 MARKET STRATEGIES
Strategy by Type
Developments by Company
New Product Development
Mergers and Acquisitions
Partnerships, Collaborations, Joint Ventures, and Agreements
Expansions and Investments
CHAPTER 11 PATENT ANALYSIS
Patents Related to Flavors and Fragrances by Country
Patents Related to Flavors and Fragrances by Company
CHAPTER 12 MARKET SHARES AND COMPANY PROFILES
Company Profiles
AGILEX FLAVORS & FRAGRANCES INC.
ARCHER DANIELS MIDLAND CO.
ART & FRAGRANCE SA
BELL FLAVORS & FRAGRANCES INC.
CHINA FLAVORS & FRAGRANCES CO., LTD.
COMAX FLAVORS
FIRMENICH INTERNATIONAL SA
FRUTAROM INDUSTRIES LTD.
GIVAUDAN SA
GROUPE BOGART
INTERNATIONAL FLAVORS & FRAGRANCES INC.
INTER PARFUMS INC.
MANE
ROBERTET SA
SENSIENT TECHNOLOGIES CORP.
SYMRISE AG
T. HASEGAWA CO., LTD.
TAKASAGO INTERNATIONAL CORP.
TREATT PLC
ULRIC DE VARENS SA
CHAPTER 13 APPENDIX: ABBREVIATIONS AND GLOSSARY
LIST OF TABLES
Summary Table: Global Market for Flavor and Fragrance Ingredients and Finished Products, Through 2024
Table 1: Timeline of the Development of Flavors and Fragrances
Table 2: Global Market for Flavors and Fragrances, by Ingredient Type, Through 2024
Table 3: Global Market Shares for Flavors and Fragrances, by Ingredient Type, 2018
Table 4: Plants as Sources of Essential Oils
Table 5: Plant-Producing Regions and Applications
Table 6: Global Market for Essential Oils Used in Flavors and Fragrances, by Product, Through 2024
Table 7: Global Market for Aroma Chemicals Used in Flavors and Fragrances, by Source, Through 2024
Table 8: Global Market for Aroma Chemicals Used in Flavors and Fragrances, by Product Type, Through 2024
Table 9: Global Market for Terpenes Used in Flavors and Fragrances, by Terpene Type, Through 2024
Table 10: Global Market for Terpenes Used in Flavors and Fragrances, by Product Type, Through 2024
Table 11: Synthetic Terpenes or Terpenoids Used in Flavors and Fragrances
Table 12: Natural Terpenes or Terpenoids Used in Flavors and Fragrances
Table 13: Global Market for Benzenoids Used in Flavors and Fragrances, by Product Type, Through 2024
Table 14: Synthetic Benzenoids Used in Flavors and Fragrances
Table 15: Natural Benzenoids Used in Flavors and Fragrances
Table 16: Global Market for Musk Chemicals Used in Flavors and Fragrances, by Product Type, Through 2024
Table 17: Global Market for Miscellaneous Aroma Chemicals Used in Flavors and Fragrances, by Source Type, Through 2024
Table 18: Synthetic Miscellaneous Aroma Chemicals Used in Flavors and Fragrances
Table 19: Natural Miscellaneous Aroma Chemicals Used in Flavors and Fragrances
Table 20: Types of Protection Systems, by Flavor Usage
Table 21: Global Market for Flavors and Fragrances, by Application Type, Through 2024
Table 22: Global Market Shares for Flavors and Fragrances, by Application Type, 2018
Table 23: Global Market for Flavors, by Application, Through 2024
Table 24: Global Market for Beverage Flavors, by Application, Through 2024
Table 25: Top Five Flavors in the Global Beverage Category
Table 26: Global Market Shares for Flavors Used in Dairy Products, 2018
Table 27: Global Market for Fragrances, by Application, Through 2024
Table 28: Global Market for Fragrances Used in Cosmetics and Toiletries, by Product, Through 2024
Table 29: Global Market for Flavors and Fragrances, by Region, Through 2024
Table 30: Global Market Shares for Flavors and Fragrances, by Region, 2018
Table 31: North American Market for Flavors and Fragrances, by Country, Through 2024
Table 32: U.S. Market for Flavors and Fragrances, by Application Type, Through 2024
Table 33: Mexican Market for Flavors and Fragrances, by Application Type, Through 2024
Table 34: Canadian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 35: North American Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 36: North American Market for Aroma Chemicals, by Product Type, Through 2024
Table 37: North American Market for Flavors and Fragrances, by Application Type, Through 2024
Table 38: North American Market for Flavors, by Application, Through 2024
Table 39: North American Market for Fragrances, by Application, Through 2024
Table 40: Western European Market for Flavors and Fragrances, by Country, Through 2024
Table 41: German Market for Flavors and Fragrances, by Application Type, Through 2024
Table 42: French Market for Flavors and Fragrances, by Application Type, Through 2024
Table 43: U.K. Market for Flavors and Fragrances, by Application Type, Through 2024
Table 44: Italian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 45: Spanish Market for Flavors and Fragrances, by Application Type, Through 2024
Table 46: Western European Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 47: Western European Market for Aroma Chemicals, by Product Type, Through 2024
Table 48: Western European Flavors and Fragrances Market, by Application Type, Through 2024
Table 49: Western European Market for Flavors, by Application, Through 2024
Table 50: Western European Market for Fragrances, by Application, Through 2024
Table 51: Asian Market for Flavors and Fragrances, by Country, Through 2024
Table 52: Chinese Market for Flavors and Fragrances, by Application Type, Through 2024
Table 53: Japanese Market for Flavors and Fragrances, by Application Type, Through 2024
Table 54: Indian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 55: Indian Market for Flavors, by Application, Through 2024
Table 56: Asian Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 57: Asian Market for Aroma Chemicals, by Product Type, Through 2024
Table 58: Asian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 59: Asian Market for Flavors, by Application, Through 2024
Table 60: Asian Market for Fragrances, by Application, Through 2024
Table 61: ROW Market for Flavors and Fragrances, by Application Type, Through 2024
Table 62: ROW Market for Flavors and Fragrances, by Country, Through 2024
Table 63: South African Market for Flavors and Fragrances, by Application Type, Through 2024
Table 64: Brazilian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 65: Flavor and Fragrance Product and Technology Launches, by Company, 2018-2019
Table 66: Mergers and Acquisitions, 2018 and 2019
Table 67: Partnerships, Collaborations, Joint Ventures, and Agreements, 2018 and 2019
Table 68: Expansions and Investments, 2018 and 2019
Table 69: Number of Patents Related to Flavors and Fragrances, by Country, 2017-2019
Table 70: Patents Related to Flavors and Fragrances, by Company, 2017-2019
Table 71: Global Market and Share of Flavors and Fragrances, by Company, 2018
Table 72: Abbreviations and Glossary
Summary Table: Global Market for Flavor and Fragrance Ingredients and Finished Products, Through 2024
Table 1: Timeline of the Development of Flavors and Fragrances
Table 2: Global Market for Flavors and Fragrances, by Ingredient Type, Through 2024
Table 3: Global Market Shares for Flavors and Fragrances, by Ingredient Type, 2018
Table 4: Plants as Sources of Essential Oils
Table 5: Plant-Producing Regions and Applications
Table 6: Global Market for Essential Oils Used in Flavors and Fragrances, by Product, Through 2024
Table 7: Global Market for Aroma Chemicals Used in Flavors and Fragrances, by Source, Through 2024
Table 8: Global Market for Aroma Chemicals Used in Flavors and Fragrances, by Product Type, Through 2024
Table 9: Global Market for Terpenes Used in Flavors and Fragrances, by Terpene Type, Through 2024
Table 10: Global Market for Terpenes Used in Flavors and Fragrances, by Product Type, Through 2024
Table 11: Synthetic Terpenes or Terpenoids Used in Flavors and Fragrances
Table 12: Natural Terpenes or Terpenoids Used in Flavors and Fragrances
Table 13: Global Market for Benzenoids Used in Flavors and Fragrances, by Product Type, Through 2024
Table 14: Synthetic Benzenoids Used in Flavors and Fragrances
Table 15: Natural Benzenoids Used in Flavors and Fragrances
Table 16: Global Market for Musk Chemicals Used in Flavors and Fragrances, by Product Type, Through 2024
Table 17: Global Market for Miscellaneous Aroma Chemicals Used in Flavors and Fragrances, by Source Type, Through 2024
Table 18: Synthetic Miscellaneous Aroma Chemicals Used in Flavors and Fragrances
Table 19: Natural Miscellaneous Aroma Chemicals Used in Flavors and Fragrances
Table 20: Types of Protection Systems, by Flavor Usage
Table 21: Global Market for Flavors and Fragrances, by Application Type, Through 2024
Table 22: Global Market Shares for Flavors and Fragrances, by Application Type, 2018
Table 23: Global Market for Flavors, by Application, Through 2024
Table 24: Global Market for Beverage Flavors, by Application, Through 2024
Table 25: Top Five Flavors in the Global Beverage Category
Table 26: Global Market Shares for Flavors Used in Dairy Products, 2018
Table 27: Global Market for Fragrances, by Application, Through 2024
Table 28: Global Market for Fragrances Used in Cosmetics and Toiletries, by Product, Through 2024
Table 29: Global Market for Flavors and Fragrances, by Region, Through 2024
Table 30: Global Market Shares for Flavors and Fragrances, by Region, 2018
Table 31: North American Market for Flavors and Fragrances, by Country, Through 2024
Table 32: U.S. Market for Flavors and Fragrances, by Application Type, Through 2024
Table 33: Mexican Market for Flavors and Fragrances, by Application Type, Through 2024
Table 34: Canadian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 35: North American Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 36: North American Market for Aroma Chemicals, by Product Type, Through 2024
Table 37: North American Market for Flavors and Fragrances, by Application Type, Through 2024
Table 38: North American Market for Flavors, by Application, Through 2024
Table 39: North American Market for Fragrances, by Application, Through 2024
Table 40: Western European Market for Flavors and Fragrances, by Country, Through 2024
Table 41: German Market for Flavors and Fragrances, by Application Type, Through 2024
Table 42: French Market for Flavors and Fragrances, by Application Type, Through 2024
Table 43: U.K. Market for Flavors and Fragrances, by Application Type, Through 2024
Table 44: Italian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 45: Spanish Market for Flavors and Fragrances, by Application Type, Through 2024
Table 46: Western European Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 47: Western European Market for Aroma Chemicals, by Product Type, Through 2024
Table 48: Western European Flavors and Fragrances Market, by Application Type, Through 2024
Table 49: Western European Market for Flavors, by Application, Through 2024
Table 50: Western European Market for Fragrances, by Application, Through 2024
Table 51: Asian Market for Flavors and Fragrances, by Country, Through 2024
Table 52: Chinese Market for Flavors and Fragrances, by Application Type, Through 2024
Table 53: Japanese Market for Flavors and Fragrances, by Application Type, Through 2024
Table 54: Indian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 55: Indian Market for Flavors, by Application, Through 2024
Table 56: Asian Market for Flavors and Fragrances, by Ingredient, Through 2024
Table 57: Asian Market for Aroma Chemicals, by Product Type, Through 2024
Table 58: Asian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 59: Asian Market for Flavors, by Application, Through 2024
Table 60: Asian Market for Fragrances, by Application, Through 2024
Table 61: ROW Market for Flavors and Fragrances, by Application Type, Through 2024
Table 62: ROW Market for Flavors and Fragrances, by Country, Through 2024
Table 63: South African Market for Flavors and Fragrances, by Application Type, Through 2024
Table 64: Brazilian Market for Flavors and Fragrances, by Application Type, Through 2024
Table 65: Flavor and Fragrance Product and Technology Launches, by Company, 2018-2019
Table 66: Mergers and Acquisitions, 2018 and 2019
Table 67: Partnerships, Collaborations, Joint Ventures, and Agreements, 2018 and 2019
Table 68: Expansions and Investments, 2018 and 2019
Table 69: Number of Patents Related to Flavors and Fragrances, by Country, 2017-2019
Table 70: Patents Related to Flavors and Fragrances, by Company, 2017-2019
Table 71: Global Market and Share of Flavors and Fragrances, by Company, 2018
Table 72: Abbreviations and Glossary
LIST OF FIGURES
Summary Figure: Global Market for Flavor and Fragrance Ingredients and Finished Products, 2018-2024
Figure 1: Flavors and Fragrances Value Chain
Figure 2: Global Market for Flavors and Fragrances, by Ingredient Type, 2018-2024
Figure 3: Global Market Shares for Flavors and Fragrances, by Ingredient Type, 2018
Figure 4: Global Market for Flavors and Fragrances, by Application Type, 2018-2024
Figure 5: Global Market Shares for Flavors and Fragrances, by Application Type, 2018
Figure 6: Global Market for Flavors and Fragrances, by Region, Through 2024
Figure 7: Global Market Shares for Flavors and Fragrances, by Region, 2018
Figure 8: Porter's Five Forces Analysis
Summary Figure: Global Market for Flavor and Fragrance Ingredients and Finished Products, 2018-2024
Figure 1: Flavors and Fragrances Value Chain
Figure 2: Global Market for Flavors and Fragrances, by Ingredient Type, 2018-2024
Figure 3: Global Market Shares for Flavors and Fragrances, by Ingredient Type, 2018
Figure 4: Global Market for Flavors and Fragrances, by Application Type, 2018-2024
Figure 5: Global Market Shares for Flavors and Fragrances, by Application Type, 2018
Figure 6: Global Market for Flavors and Fragrances, by Region, Through 2024
Figure 7: Global Market Shares for Flavors and Fragrances, by Region, 2018
Figure 8: Porter's Five Forces Analysis
