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Europe Aroma Ingredients for Food and Beverages Market Forecast to 2030 - Regional Analysis - by Type {Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)} and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)

August 2024 | 123 pages | ID: E31E211E5703EN
The Insight Partners

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The Europe aroma ingredients for food and beverages market was valued at US$ 341.43 million in 2022 and is expected to reach US$ 420.32 million by 2030; it is estimated to register a CAGR of 2.6% from 2022 to 2030.

Strategic Initiatives by Key Market Players Drive Europe Aroma Ingredients for Food and Beverages Market

Aroma ingredient manufacturers in the food & beverages industry are significantly involved in mergers and acquisitions, collaborations, and other strategic developments to attract consumers and enhance their market position. Increasing demand for aroma ingredients from various food and beverage establishments that produce and sell bakery and confectionery, dairy, frozen desserts, and other items has resulted in key players adopting strategic initiatives to strengthen their market position globally. For instance, in November 2023, BASF SE announced the launch of two new natural aroma ingredients: Isobionics Natural alpha-Bisabolene 98 and Isobionics Natural (-)-alpha-Bisabolol 99. Such product developments are contributing to market growth.

Key players in the market are expanding their production facilities and entering into agreements with distributors to strengthen their market position. For instance, in December 2021, Tilley Distribution, Inc. announced the merger with Phoenix Aromas and Essential Oils. The merger will help provide high-quality products to new and existing consumer bases with teams experienced in providing regulatory and technical support. Thus, strategic initiatives by key market players fuel the growth of the aroma ingredients for the food and beverages market.

Europe Aroma Ingredients for Food and Beverages Market Overview

In Europe, the growing demand for aroma ingredients can be attributed to the region's rich culinary traditions and increasing preference for premium and artisanal products. There is a strong cultural appreciation for culinary traditions and cuisine across Europe. Consumers in Europe value high-quality ingredients and authentic flavors, driving the demand for aroma ingredients that enhance the sensory experience of food and beverages. This emphasis on gourmet excellence has led to a growing market for premium aroma ingredients sourced from natural and sustainable sources, catering to the discerning tastes of European consumers.

Additionally, the increasing interest in healthier and more natural food options in Europe contributes to the market growth. European consumers have been embracing organic and plant-based diets, often incorporating ingredients with strong or unfamiliar tastes and fragrances, such as certain vegetables, grains, and legumes; to make these health-conscious choices more appealing, food manufacturers use aroma ingredients to mitigate any overpowering or objectionable flavors and fragrances, ensuring that products maintain wide consumer acceptance while adhering to natural and clean-label trends. This demand aligns with the broader European food quality, taste, and an awareness of sensory experience, all contributing to the adoption of aroma ingredients for food and beverages in the region.

Furthermore, the European food and beverage market is characterized by a strong emphasis on innovation and creativity. With a rich culinary heritage and a diverse range of flavor preferences across Europe, there is a growing demand for new and exciting taste experiences. Aroma ingredients play a crucial role in driving innovation by allowing manufacturers to experiment with novel flavor combinations and sensory profiles. This culture of culinary exploration and innovation fuels the demand for aroma ingredients in Europe, driving the growth of the market as consumers seek out unique and memorable food and beverage offerings.

Europe Aroma Ingredients for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)

Europe Aroma Ingredients for Food and Beverages Market Segmentation

The Europe aroma ingredients for food and beverages market is categorized into type, application, and country.

Based on type, the Europe aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held a larger market share in 2022. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.

In terms of application, the Europe aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held the largest market share in 2022.

By country, the Europe aroma ingredients for food and beverages market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe aroma ingredients for food and beverages market share in 2022.

International Flavors & Fragrances Inc, Sensient Technologies Corp, BASF SE, V MANE FILS SAS, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, and Kerry Group Plc are among the leading companies operating in the Europe aroma ingredients for food and beverages market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Market Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. EUROPE AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET LANDSCAPE

4.1 Overview
4.2 Porter's Five Forces Analysis
  4.2.1 Bargaining Power of Suppliers
  4.2.2 Bargaining Power of Buyers
  4.2.3 Threat of New Entrants
  4.2.4 Competitive Rivalry
  4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
  4.3.1 Raw Material Suppliers
  4.3.2 Manufacturers
  4.3.3 Distributors/Suppliers
  4.3.4 Application
4.4 List of Vendors in the Value Chain
4.5 Qualitative Analysis of the Manufacturing Process of Aroma Ingredients

5. EUROPE AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
  5.1.1 Increasing Importance of Aroma in Food & Beverage Industry
  5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
  5.2.1 Regulatory Compliances
5.3 Market Opportunities
  5.3.1 Rising Demand for Aromas in Plant-Based Food and Beverages
5.4 Future Trends
  5.4.1 Rising Trend for Natural Aromas
5.5 Impact of Drivers and Restraints:

6. AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET - EUROPE ANALYSIS

6.1 Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
6.2 Aroma Ingredients for Food and Beverages Market Forecast Analysis

7. EUROPE AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET ANALYSIS - BY TYPE

7.1 Synthetic
  7.1.1 Overview
  7.1.2 Synthetic: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.1.2.1 Terpenes
      7.1.2.1.1 Overview
      7.1.2.1.2 Terpenes: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.1.2.2 Aldehydes
      7.1.2.2.1 Overview
      7.1.2.2.2 Aldehydes: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.1.2.3 Aliphatic
      7.1.2.3.1 Overview
      7.1.2.3.2 Aliphatic: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.1.2.4 Others
      7.1.2.4.1 Overview
      7.1.2.4.2 Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Natural
  7.2.1 Overview
  7.2.2 Natural: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.2.2.1 Essential Oils
      7.2.2.1.1 Overview
      7.2.2.1.2 Essential Oils: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.2.2.2 Herbal Extracts
      7.2.2.2.1 Overview
      7.2.2.2.2 Herbal Extracts: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.2.2.3 Oleoresins
      7.2.2.3.1 Overview
      7.2.2.3.2 Oleoresins: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
    7.2.2.4 Others
      7.2.2.4.1 Overview
      7.2.2.4.2 Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)

8. EUROPE AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET ANALYSIS - BY APPLICATION

8.1 Bakery and Confectionery
  8.1.1 Overview
  8.1.2 Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Dairy and Frozen Desserts
  8.2.1 Overview
  8.2.2 Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Beverages
  8.3.1 Overview
  8.3.2 Beverages: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Sweet and Savory Snacks
  8.4.1 Overview
  8.4.2 Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
8.5 RTE and RTC Meals
  8.5.1 Overview
  8.5.2 RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
8.6 Others
  8.6.1 Overview
  8.6.2 Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)

9. EUROPE AROMA INGREDIENTS FOR FOOD AND BEVERAGES MARKET - COUNTRY ANALYSIS

9.1 Europe
  9.1.1 Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast Analysis - by Country
    9.1.1.1 Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast Analysis - by Country
    9.1.1.2 Germany: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.2.1 Germany: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.2.2 Germany: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
    9.1.1.3 France: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.3.1 France: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.3.2 France: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
    9.1.1.4 Italy: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.4.1 Italy: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.4.2 Italy: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
    9.1.1.5 United Kingdom: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.5.1 United Kingdom: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.5.2 United Kingdom: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
    9.1.1.6 Russian Federation: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.6.1 Russian Federation: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.6.2 Russian Federation: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
    9.1.1.7 Rest of Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
      9.1.1.7.1 Rest of Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
      9.1.1.7.2 Rest of Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Application

10. COMPETITIVE LANDSCAPE

10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration

11. INDUSTRY LANDSCAPE

11.1 Overview
11.2 New Product Development
11.3 Partnerships, Expansions, and Mergers and Acquisitions

12. COMPANY PROFILES

12.1 International Flavors & Fragrances Inc
  12.1.1 Key Facts
  12.1.2 Business Description
  12.1.3 Products and Services
  12.1.4 Financial Overview
  12.1.5 SWOT Analysis
  12.1.6 Key Developments
12.2 Sensient Technologies Corp
  12.2.1 Key Facts
  12.2.2 Business Description
  12.2.3 Products and Services
  12.2.4 Financial Overview
  12.2.5 SWOT Analysis
  12.2.6 Key Developments
12.3 BASF SE
  12.3.1 Key Facts
  12.3.2 Business Description
  12.3.3 Products and Services
  12.3.4 Financial Overview
  12.3.5 SWOT Analysis
  12.3.6 Key Developments
12.4 V.MANE Fils SAS
  12.4.1 Key Facts
  12.4.2 Business Description
  12.4.3 Products and Services
  12.4.4 Financial Overview
  12.4.5 SWOT Analysis
  12.4.6 Key Developments
12.5 Symrise AG
  12.5.1 Key Facts
  12.5.2 Business Description
  12.5.3 Products and Services
  12.5.4 Financial Overview
  12.5.5 SWOT Analysis
  12.5.6 Key Developments
12.6 Firmenich International SA
  12.6.1 Key Facts
  12.6.2 Business Description
  12.6.3 Products and Services
  12.6.4 Financial Overview
  12.6.5 SWOT Analysis
  12.6.6 Key Developments
12.7 Archer-Daniels-Midland Co
  12.7.1 Key Facts
  12.7.2 Business Description
  12.7.3 Products and Services
  12.7.4 Financial Overview
  12.7.5 SWOT Analysis
  12.7.6 Key Developments
12.8 Kerry Group plc
  12.8.1 Key Facts
  12.8.2 Business Description
  12.8.3 Products and Services
  12.8.4 Financial Overview
  12.8.5 SWOT Analysis
  12.8.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners

LIST OF TABLES

Table 1. Europe Aroma Ingredients for Food and Beverages Market Segmentation
Table 2. List of Vendors
Table 3. Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Table 4. Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 5. Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 6. Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Country
Table 7. Germany: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 8. Germany: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 9. France: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 10. France: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 11. Italy: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 12. Italy: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 13. United Kingdom: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 14. United Kingdom: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 15. Russian Federation: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 16. Russian Federation: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 17. Rest of Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Type
Table 18. Rest of Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million) - by Application
Table 19. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. Europe Aroma Ingredients for Food and Beverages Market Segmentation, by Country
Figure 2. Aroma Ingredients for Food and Beverages Market - Porter's Analysis
Figure 3. Ecosystem: Aroma Ingredients for Food and Beverages Market
Figure 4. Aroma Ingredients for Food and Beverages Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
Figure 7. Aroma Ingredients for Food and Beverages Market Share (%) - by Type (2022 and 2030)
Figure 8. Synthetic: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 9. Terpenes: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 10. Aldehydes: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 11. Aliphatic: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 13. Natural: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 14. Essential Oils: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 15. Herbal Extracts: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 16. Oleoresins: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 18. Aroma Ingredients for Food and Beverages Market Share (%) - by Application (2022 and 2030)
Figure 19. Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 20. Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 21. Beverages: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 22. Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 23. RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Europe Aroma Ingredients for Food and Beverages Market, by Key Countries - Revenue (2022) (US$ Million)
Figure 26. Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 27. Germany: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. France: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Italy: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 30. United Kingdom: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 31. Russian Federation: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of Europe: Aroma Ingredients for Food and Beverages Market - Revenue and Forecast to 2030 (US$ Million)
Figure 33. Company Positioning & Concentration


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