According to a market report by Lucintel, the future of the global flavor and fragrance market looks promising with opportunities in the dairy, beverages, savory, confectionery, fine fragrances, cosmetics & toiletries, soaps & detergents, household & air fresheners market. The global flavor and fragrance market is expected to reach an estimated $47 billion by 2031 from $34 billion in 2024, at a CAGR of 5% from 2024 to 2031. The major drivers for this market are increasing urbanization, rise in disposable income among middle class consumers and change in consumer behavior such as taste, preference and lifestyle.
A more than 150-page
report to understand trends, opportunity and forecast in global flavor and fragrance market to 2031 by flavor
applications (dairy, beverage, savory/snacks, confectionery/bakery, and other
flavor applications), fragrance application (fine fragrance, cosmetic &
toiletries, soaps & detergents, household cleaners & air freshners, and
other fragrance applications), ingredient type (essential oils and aroma
chemical), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel forecasts that
beverage will remain the largest application segment over the forecast period
due to growing consumption of energy soft drinks, sports drinks, and juices.
Essential oils of flavor
and fragrance will remain the largest segment over the forecast period due to
its better cleansing and moisturizing properties.
Download sample report by clicking
on below link flavor and
fragrance market.
Asia Pacific is expected
to remain the largest region and witness the highest growth over the forecast
period due to strengthening economies, growing urbanization, changing
lifestyle, and a rise in per capita income.
Givaudan, Firmenich,
International Flavors & Fragrances, Symrise, MANE, Takasago, Sensient
Technologies Corporation, Hasegawa, and Huabao International Holdings Ltd are
among the major flavor and fragrance providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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