Flavors and Fragrances Global Market Report 2022 with Competitive Landscape Analysis & Profiles of Givaudan, Firmenich, International Flavors & Fragrances, Symrise, & Takasago – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Flavors and Fragrances Global Market Report 2022 ResearchAndMarkets.com Offer.

The global flavors and fragrances market is expected to grow from US$30.04 billion in 2021 to US$31.56 billion in 2022 at a compound annual growth rate (CAGR) of 5.05%. The flavor and fragrances market is expected to grow to US$36.95 billion by 2026 at a compound annual growth rate (CAGR) of 4.02%.

The Flavors and Fragrances market consists of the sale by companies (organizations, sole proprietorships, partnerships) of flavors and fragrances, related to aromatic products used to impart a distinctive flavor or taste to various consumer products such as food and beverages, personal care products, and household products Scent to impart toiletries, medicines and others. Flavoring is used to enhance, add to, or alter the taste of the base product, whereas fragrance is a pleasant and desirable scent for a person’s body.

Asia Pacific was the largest region in the flavors and fragrances market in 2021 and is projected to be the fastest growing region during the forecast period. The regions covered in Flavors And Fragrances market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Increasing consumer preference for convenience food is driving the flavors and fragrances market. Ready meals refer to processed food products that require less time to prepare before consumption. This includes ready-to-eat food products, packaged foods, and preserved foods. The increasing preference for ready meals is expected to increase the use of flavoring and fragrances as they are widely used as a key ingredient to enhance product flavor and longevity.

According to research published in the Current Journal of Applied Science and Technology, as of March 2020, the majority of working women, approximately 41.7%, spent more than 30% of their total grocery spending on ready meals, while non-working women did that is, 55% of them spent only 10-20% on ready meals, showing a higher consumption of ready meals by working women. Therefore, increasing consumer preference for ready meals is expected to drive demand for flavors and fragrances over the forecast period.

The increasing use of natural ingredients in the manufacture of flavors and fragrances is the key trend gaining popularity in the flavors and fragrances market. Natural flavors and fragrances refer to aromatic products made from natural ingredients that do not contain any artificial components.

The companies operating in the Flavors and Fragrances market focus on the production of innovative natural flavors and fragrances with multifunctional properties in order to meet end customers’ requirements and strengthen their market position. For example, in July 2021, International Flavors & Fragrances, Inc., a US-based manufacturer of flavors and fragrances, launched GUARDIAN Chelox 30 C, a cost-effective, natural flavor with multifunctional properties, in North America.

In February 2021, International Flavors & Fragrances Inc., a US-based company, merged with DuPont’s Nutrition & Biosciences for US$26.2 billion. The combined company is expected to be a combination of IFF’s expertise in food flavors and fragrances and Dupont’s experience in probiotics, enzymes and food protection. DuPont is a US-based company formed from a merger between Dow Chemical and EI du Pont de Nemours and Company. The Company is involved in the manufacture and sale of industrial chemicals, synthetic fibers, petroleum-based fuels and lubricants and other products.

The main types of flavors and fragrances include flavors and fragrances. Flavors refer to ingredients made through a mixture of spices, herbs and flavoring components and used in foods to enhance or improvise flavors. These flavors and fragrances in liquid and dry form are used in various industries including food and beverage, cosmetic and personal care, pharmaceutical, home and floor care, fine fragrance and others.

The countries covered in the Flavors And Fragrances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA.

Major players in the Flavors and Fragrances market

  • Givaudan

  • Firmenich SA

  • International Flavors & Fragrances

  • Symrise AG

  • Takasago

  • The Archer Daniels Midland Company

  • Sensitive Technologies

  • Robertet

  • Kerry Group PLC

  • SH Kelkar Company Limited

  • Huabao International Holdings Limited

  • Mane SA

  • T Hasegawa

  • Bell Flavors & Fragrances

  • Sigma Aldrich

Main topics covered:

1. Summary

2. Characteristics of the Flavors and Fragrances market

3. Flavors and Fragrances Market Trends and Strategies

4. Effects of COVID-19 on Flavors and Fragrances

5. Flavors and Fragrances market size and growth

5.1. Global Historical Flavors And Fragrances Market, 2016-2021, Billion US$

5.1.1. drivers of the market

5.1.2. restrictions in the market

5.2. Global Flavors and Fragrances Forecast Market, 2021-2026F, 2031F, Billion US$

5.2.1. drivers of the market

5.2.2. restrictions in the market

6. Flavors and Fragrances Market Segmentation

6.1. Global Flavors And Fragrances Market Segmentation By Type, Historical And Forecast, 2016-2021, 2021-2026F, 2031F, Billion US$

6.2. Global Flavors And Fragrances Market, Segmentation By Shape, Historical And Forecast, 2016-2021, 2021-2026F, 2031F, Billion US$

6.3. Global Flavors And Fragrances Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, US$ Billion

  • Food & Drinks

  • Cosmetics & Personal Care

  • pharmacy

  • Home and floor care

  • Fine fragrances

  • Other

7. Regional and country analysis of Flavors and Fragrances Market

7.1. Global Flavors And Fragrances Market Split By Region, Historical And Forecast, 2016-2021, 2021-2026F, 2031F, Billion US$

7.2. Global Flavors And Fragrances Market Split By Country, Historical And Forecast, 2016-2021, 2021-2026F, 2031F, Billion US$

Flavors and Fragrances Market Competitive Landscape and Company Profiles

  • Givaudan

  • Firmenich SA

  • International Flavors & Fragrances

  • Symrise AG

  • Takasago

For more information about this report, visit https://www.researchandmarkets.com/r/fpvrfu

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