Flavors and Fragrances Market, Global Outlook and Forecast 2023-2029

Flavor and fragrance are defined as substances that give another substance pleasant odor, altering the characteristics of the solute, causing it to become sweet, sour, tangy, etc.
Flavors are used as food additives to enhancing the taste and smell of food products such as beverages, bakery and snacks, dairy products, soups, sauces or confectionary products. Fragrances are mainly used in fine fragrances and consumer products including body care, home care and oral care.
This report aims to provide a comprehensive presentation of the global market for Flavors and Fragrances, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flavors and Fragrances. This report contains market size and forecasts of Flavors and Fragrances in global, including the following market information:
Global Flavors and Fragrances Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Flavors and Fragrances Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Flavors and Fragrances companies in 2022 (%)
The global Flavors and Fragrances market was valued at US$ 29670 million in 2022 and is projected to reach US$ 37620 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The technical barriers of flavor and fragrance are relatively not high, but the market monopoly is rather serious. The top four enterprises including Givaudan, Firmenich, IFF, and Symrise, occupied more than 53% market share of total sales amount. Other relatively large companied include Takasago, WILD Flavors, Mane, Frutarom, Sensient, Robertet SA, T. Hasegawa, and Boton.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Flavors and Fragrances manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flavors and Fragrances Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Flavors and Fragrances Market Segment Percentages, by Type, 2022 (%)
    Formulated Flavors and Fragrances
    Essential Oils
    Aroma Chemicals
    Other
Global Flavors and Fragrances Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Flavors and Fragrances Market Segment Percentages, by Application, 2022 (%)
    Personal Care Products
    Food & Beverages
    Other
Global Flavors and Fragrances Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Flavors and Fragrances Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Flavors and Fragrances revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Flavors and Fragrances revenues share in global market, 2022 (%)
Key companies Flavors and Fragrances sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Flavors and Fragrances sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Firmenich
    Givaudan
    International Flavors & Fragrances
    Symrise
    Takasago
    International Flavors?Fragrances
    MANE
    Robertet Group
    Sensient Technologies Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Flavors and Fragrances, market overview.
Chapter 2: Global Flavors and Fragrances market size in revenue and volume.
Chapter 3: Detailed analysis of Flavors and Fragrances manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Flavors and Fragrances in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Flavors and Fragrances capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.