Flavors & Fragrances Industry Data Book | Forecast 2030
Table Of Contents
Flavors & Fragrances Industry Data Book | Forecast 2030
Flavors & Fragrances Industry Data Book – Natural Flavors & Fragrances and Aroma Chemicals Market
Grand View Research’s flavors & fragrances industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
Natural Flavors And Fragrances Market Report Highlights
The essential oils segment is expected to witness the fastest growth rate from 2022 to 2030 owing to the increasing consumer preference for natural & organic products from various end-use industries like food & beverages and cosmetics
The extraction process segment will have the fastest CAGR from 2022 to 2030 since it ensures hydrolysis of water-sensitive compounds & ensures superior quality of products as it operates efficiently under higher temperatures and requires a shorter extraction time
The flavors application segment is expected to witness the fastest CAGR over the forecast period due to wide product usage in the global food & beverages industry
Asia Pacific is expected to witness the fastest growth rate of 6.8%, owing to large demand from countries such as India, and China which are considered pioneers and some of the largest exporters of some precious oils and extracts
The competition in the industry is high due to the presence of several large-scale manufacturers, such as BASF SE and MANE, which are engaged in the production of naturally-derived fragrances & flavors
Order your copy of the Free Sample of “Flavors & Fragrances Industry Data Book – Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030”, Data Book published by Grand View Research
Essential Oils Market Report Highlights
Cleaning & home witnessed the fastest growth rate of 7.7%, due to the presence of antifungal and antibacterial properties of essential oils
Black pepper witnessed one of the fastest growth rate of 8% on the account of its wide use in food & beverage, spa & relaxation, and medical sectors
Direct selling channel witnessed the fastest growth rate of 8.4%, as consumers have the need to smell and feel the oils in person
Europe witnessed the fastest growth rate of 8% as compared to other regions, due to strong presence of food & beverage industry in the region, coupled with high disposable income and high standards of living
The global product market is highly competitive on the account of the presence of multiple manufacturing companies operating in the market
Oleoresin Market Report Highlights
Asia Pacific region is expected to witness the fastest growth rate globally with a CAGR of 7.8% in terms of revenue for the forecast period. This is attributable to high demand from the food, beverage, healthcare, and pharmaceuticals industry.
Black pepper product segment appeared to have the largest contribution to the global revenue share contributing more than 30%. This high share is attributable to multiple benefits of black pepper and its extensive end-use industry including healthcare, food, and beverage.
Cardamom seed spices product segment is anticipated to exhibit a rapid growth rate with a CAGR of 8.1% in terms of revenue from 2022 to 2030. This is owed to wide applications of cardamom in the food and beverage industries for preparations of delicacies worldwide.
Pharmaceutical application segment witnessed the fastest growth rate of 7.2% in terms of revenue from 2022 to 2030, owing to its utility in the sector because of its strong medical values and therapeutic properties.
The market is highly competitive in nature with the presence of major players. The companies have used various strategies like product diversification, capacity expansion, investing in R&D activities, mergers, and acquisitions to gain a competitive edge over others
Aroma Chemicals Market Report Highlights
Natural source segment is estimated to witness a CAGR of 3.8% over the forecast period, due to a shift in trend for natural products, especially from the flavors industry
Flavors is projected to be the fastest growing segment over the forecast period due to the growing consumption of flavors across several end-use applications such as beverages, convenience food, bakery food, and dairy
The terpenes & terpenoids segment is anticipated to witness the fastest CAGR of 4.5% due to its natural availability as well as its anti-carcinogenic, antiseptic, and antimicrobial effects
Asia Pacific constituted a major revenue share in 2021 and is also anticipated to continue its dominance over the forecast period, due to high domestic consumption in countries such as India and China
MANE, Takasago International Corporation, and Robertet are among the prominent industry participants with a broad product portfolio and high segmental share. Key players holding less than 1% of the market share each are characterized as niche players which have limited regional operations or have low to medium aroma chemical product offerings
