Research Expert: Sarah Overall
  • Published: Mar 2025
  • Pages: 150
  • SKU: IRTNTR44696

  • Latest News- Flavors And Fragrances Market: Fragrances is expected to lead the Type segment during 2024-2028

    The Flavors And Fragrances Market is being driven by Increasing number of new product launches

    The Flavors And Fragrances Market is expected to grow at a CAGR of 6.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 14108.9 million. The global flavors and fragrances market has experienced a notable shift in consumer preferences towards natural and sustainable ingredients. This trend is indicative of a broader consumer movement towards eco-conscious and ethically sourced products, driven by growing awareness of the potential health and environmental risks associated with synthetic chemicals commonly used in traditional scents. In response, the industry has seen a surge in demand for natural ingredients, such as botanicals, fruits, and other organic compounds, which are perceived as safer, healthier, and more eco-friendly alternatives. Consumers are increasingly seeking fragrance products that align with their values, prioritizing natural and sustainable options over synthetic alternatives. 

    Get more information on Flavors And Fragrances Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Fragrances
      • Flavors
    • Product
      • Formulated flavors and fragrances
      • Aroma chemicals
      • Essential oils
    • Geography
      • APAC
        • China
        • Japan
      • North America
        • US
      • Europe
        • Germany
        • Italy
      • South America
        • Middle East and Africa

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increasing number of new product launches
        • Rising demand for personal care and food flavoring products
        • Increase in disposable income

        However, the market also witnesses some limitations, which are as follows:

        • Threat of counterfeit products
        • Stringent regulations and guidelines in flavors and fragrances sector
        • High cost associated with the natural ingredients

        Benefits of Buying Global Flavors And Fragrances Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Flavors And Fragrances Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        177

        Base year

        2023

        Historic period

        2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 6.73%

        Market growth 2024-2028

        USD 14108.9 million

        Market structure

        market_structure.ucfirst

        YoY growth 2023-2024(%)

        5.87

        Key countries

        US, China, Japan, Germany, and Italy

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The Flavors and Fragrances market encompasses various sectors, including packaged foods, preserved foods, and ready-to-eat food products. Urbanization and the growing working and middle classes drive demand for flavor ingredients in these categories. Regulatory standards influence the use of natural and synthetic alternatives, such as phenols, aldehydes, alcohols, esters, exotic essential oils, and aroma chemicals in food and personal care products. Busy lifestyles fuel the popularity of processed foods and ready-to-consume items, while aromatherapy and natural cosmetics gain traction due to consumer preferences for natural fragrance compounds like sandal and natural essential oils.

        Market Research Overview

        The global diversified chemicals market encompasses businesses producing a broad spectrum of chemical products, excluding industrial gases, commodity chemicals, specialty chemicals, fertilizers, and agricultural chemicals. According to Technavio, market expansion is attributed to the increasing demand from developing economies, particularly China, Brazil, Indonesia, and India. Manufacturers of diversified chemical products are relocating operations to these regions due to favorable government initiatives, affordable labor, ample land, and reduced transportation costs. Urbanization, the expanding working and middle classes, and the rise of regulatory standards are further fueling market growth. Additionally, the proliferation of online food, consumer products shopping via apps, the Internet, and smartphone usage are increasing the demand for synthetic ingredients, chemical reactions, and packaged food products in sectors such as beverages, bakery, and retail grocery shopping.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.

      Document