The global flavor and fragrance market is projected to reach $35.7 billion by 2025, at a CAGR of 3.1% during 2020-2025. The growth of flavor and fragrance market is driven by increasing disposable income among the middle class, changing consumer preference, and growing awareness among customers to buy products that contain natural ingredients.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth trends in the flavor and fragrance market by
product (flavor and fragrance), applications (dairy, savory/snacks,
confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps
and detergents, household and air care, and others), raw materials (aroma
chemical and essential oils), and region (North America, Europe, Asia Pacific
and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the flavor and fragrance market?
Q.4 What are some
changing demands of customers in the flavor and fragrance market?
Q.5 What are the new
developments in the flavor and fragrance market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this flavor and fragrance area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this flavor and fragrance market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include the increasing
use of biotic ingredients in beverage and dairy products.
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Market Segmentation:
Based on product type,
the flavor and fragrance market is segmented into flavor and fragrance. The flavor
segment accounted for the largest share of the market in 2020 and is expected
to register the highest CAGR during the forecast period, due to the growing
popularity of nutritionally supplemented functional foods, low-sodium foods,
and low-sugar beverages.
Asia Pacific will be
expected to remain the largest region and it is also expected to witness the
highest growth over forecast period due to strengthening economies, growing
urbanization, changing lifestyle, and a rise in per capita income.
Key Players in the
flavor and fragrance market are Givaudan, Firmenich, IFF, Symrise, Takasago,
Mane SA, Frutarom, Sensient Flavors, Robertet SA and T. Hasegawa and others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/flavor-and-fragrance-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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