The global flavors and fragrance market is expected to reach
USD 28.65 billion by 2025, according to a new report by Grand View Research,
Inc. Flavors & fragrances provide lasting sensory impressions, often
determined when subtly applied via food, beverage, medical products, and other
substances. These products enhance the overall appeal and aesthetic value of
consumer goods.
Flavors & fragrances are
mostly prepared using volatile chemicals and essential oils to deliver a
particular flavor or enhance existing flavors. The products are mainly
categorized into natural and synthetic. Increasing consumer demand for fresh
and natural products has contributed to exponential segment growth.
Rising demand for convenience and
ready-to-eat meals, health, and wellness foods, as well as technological
advancements, are expected to boost market growth. Rapid industrialization and
increasing consumer disposable incomes in emerging economies such as China and
India are also projected to foster the global food flavors market over the
forecast period.
Owing to the enormous demand for
natural products, many forests have been chopped down to derive minuscule
amounts of oil. Several arable lands have also been converted into monoculture
farming lands to cultivate a single plant or crop to obtain particular oil.
This, in turn, has resulted in limited availability of raw materials for
natural products.
Flavors & fragrances
manufacturers operate through collaborations with scientists, artists,
musicians, writers, and filmmaker to tap into creative minds to expose perfumes
to new and constantly evolving creative territories and approaches.
Manufacturers also form creative teams that comprise fragrance evaluators,
perfumers, and flavorists.
Browse full research report on Flavors & Fragrances
Market: http://www.grandviewresearch.com/industry-analysis/flavors-fragrances-market
Further key findings from
the report suggest:
- Aroma chemicals are expected to maintain the largest
market share and are likely to account for 64.6% of the revenue generated
in 2025
- Increasing research expenditure on developing
fragrance compounds is expected to support the demand for aroma chemicals
in upcoming years
- Essential oils are expected to emerge as the largest
as well as fastest growing natural product segment
- Orange essential oil demand was valued at USD 1,404.8
million in 2015
- Fragrances application segment is estimated to
dominate the market while the valuation of flavors is projected to grow at
a CAGR of 4.1% from 2016 to 2025
- Asia Pacific is projected to grow at the highest CAGR
on account of availability of the raw material and increasing demand
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the flavors and fragrances
market on the basis of product, application and region:
Flavors and Fragrances Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Natural
- Essential
Oils
- Orange
- Limonene
- Myrcene
- Others
- Corn
Mint
- Menthol
- Menthone
- Others
- Eucalyptus
- Eucalyptol
- Limonene
- Others
- Pepper
Mint
- Menthol
- Menthone
- Others
- Lemon
- Pinene
- Limonene
- Camphene
- Oleoresins
- Paprika
- Piperine
- Others
- Black
Pepper
- Piperine
- Others
- Turmeric
- Curcumin
- Others
- Ginger
- Gingerol
- Others
- Others
- Aroma
Chemicals
- Esters
- Ethyl
acetate
- Benzyl
acetate
- Ethyl
benzoate
- Methyl
decanoate
- Others
- Alcohol
- Lauryl
alcohol
- Menthol
- Others
- Aldehyde
- Benzaldehyde
- Vanillin
- Others
- Phenol
- Ethylvanillin
- Others
- Others
Flavors and Fragrances Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Flavors
- Confectionary
- Convenience
Foods
- Bakery
Food
- Dairy
Food
- Beverages
- Others
- Fragrances
- Fine
fragrances
- Cosmetics
and Toiletries
- Soaps
& Detergents
- Others
Flavors and Fragrances Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Middle
East & Africa
- Saudi
Arabia
- Central
and South America
- Brazil
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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