Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2026

世界のフレーバー&フレグランス市場予測(~2026):成分別、エンドユーザー別、地域別

◆タイトル:Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2026
◆商品コード:CH6073
◆調査・発行会社:MarketsandMarkets
◆発行日:2021年10月6日
◆ページ数:249
◆レポート形式:PDF / 英語
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【レポートの概要】

マーケッツアンドマーケッツ社はフレーバー&フレグランスの世界市場規模が2021年290億ドルから2026年373億ドルまで、年平均5.1%成長すると予想しています。本調査レポートでは、世界のフレーバー&フレグランス市場について調査し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、市場動向・産業動向、成分別(合成成分、天然成分)分析、産業別(フレーバー、フレグランス)分析、地域別分析、競争状況、主要企業、隣接・関連市場などを掲載しています。
・イントロダクション
・調査手法
・エグゼクティブサマリー
・プレミアムインサイト
・市場動向・産業動向
・フレーバー&フレグランスの世界市場規模:成分別(合成成分、天然成分)
・フレーバー&フレグランスの世界市場規模:産業別(フレーバー、フレグランス)
・フレーバー&フレグランスの世界市場規模:地域別
・競争状況
・主要企業
・隣接・関連市場

“The market size of flavors & fragrances is estimated to be USD 29.0 billion in 2021 and is projected to reach USD 37.3 billion by 2026, at a CAGR of 5.1% between 2021 and 2026.”
The growth of the flavors & fragrances market is primarily supported by the growing population in emerging economies such as China, India, Indonesia, South Korea, Brazil, and South Africa. The demand for flavors and fragrances is also due to the increase in awareness among the population about the benefits of the ingredients used in food products and consumer products in countries such as the US, Japan, France, Canada, Germany, and the UK. The demand for flavors and fragrances is also attributed to changing consumer preferences toward convenience food and increasing demand for consumer products. Stringent government regulations on the use of synthetic flavors and fragrances in Japan, China, the US, and European countries are restricting the growth of the flavors & fragrances market.

“The Synthetic is the largest ingredient of flavors & fragrances for flavors & fragrances market in 2020.”
Synthetic ingredient is artificially made through chemical reactions. It is chemically modified and has different properties from its precursors. Synthetic flavors are prepared from a complex mixture of chemical compounds. The dominance of synthetic ingredient is owed to its low cost and growing use in various end uses, such as beverages, packaged food products, and home & personal care products. Unique formulation by manufacturing companies, innovation in flavoring ingredients, and significant demand of synthetic flavors in various edible & non-edible applications are driving the market for synthetic ingredient during the forecast period.

“Beverages and consumer products are estimated to be the largest end-use industry in flavors & fragrances market, respectively between 2021 and 2026.”
Bakery segment is expected to grow due to a rise in demand for aspirational purchase of global drink brands and increasing demand for dietary drinks owing to the rising percentage of health-conscious individuals. Consumer products segment is estimated to grow due to the rise of organized retail chains; changing lifestyles; and the growing demand for various consumer products such as home care and personal care products.

“APAC is expected to be the largest flavors & fragrances market during the forecast period, in terms of value.”
APAC was the largest flavors & fragrances market in 2020. The changing lifestyle and high economic growth of emerging economies such as China, India, Vietnam, and Indonesia have fueled the demand for flavors and fragrances in this region. In addition, the rapidly growing food & beverage and cosmetic & homecare industries are fueling the growth of the flavors & fragrances market in the region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research.

extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C-Level – 46%, Director Level – 25%, and Others – 29%
• By Region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7%, and Middle East & Africa – 6%,

The key market players profiled in the report include Givaudan (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (IFF) (US), Symrise AG (Germany), Takasago (Japan), The Archer Daniels Midland Company (ADM) (US), Sensient Technologies (US), Mane SA (France), Robertet (France), T. Hasegawa (Japan), and Bell Flavors & Fragrances (US).

Research Coverage
This report segments the market for flavors & fragrances on the basis of ingredient, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for flavors & fragrances.

Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the flavors & fragrances market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on flavors & fragrances offered by top players in the global flavors & fragrances market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the flavors & fragrances market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for flavors & fragrances across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global flavors & fragrances market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the flavors & fragrances market
• Impact of COVID-19 on flavors & fragrances market

【レポートの目次】

1 INTRODUCTION 35
1.1 OBJECTIVES OF THE STUDY 35
1.2 MARKET DEFINITION 35
1.2.1 FLAVORS & FRAGRANCES MARKET: INCLUSIONS & EXCLUSIONS 36
1.2.2 FLAVORS & FRAGRANCES: MARKET DEFINITION AND INCLUSIONS,
BY INGREDIENT 36
1.2.3 FLAVORS & FRAGRANCES: MARKET DEFINITION AND INCLUSIONS,
BY END-USE INDUSTRY 36
1.3 MARKET SCOPE 37
1.3.1 REGIONS COVERED 38
1.3.2 YEARS CONSIDERED FOR THE STUDY 38
1.4 CURRENCY 39
1.5 STAKEHOLDERS 39
1.6 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 41
2.1 RESEARCH DATA 41
FIGURE 1 FLAVORS & FRAGRANCES MARKET: RESEARCH DESIGN 41
2.1.1 SECONDARY DATA 42
2.1.2 PRIMARY DATA 42
2.1.2.1 Primary interviews – demand and supply sides 42
2.1.2.2 Key industry insights 43
2.1.2.3 Breakdown of primary interviews 43
2.2 MARKET SIZE ESTIMATION 44
2.2.1 BOTTOM-UP APPROACH 44
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE): REVENUE OF PRODUCTS 44
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS 45
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD 45
2.2.2 TOP-DOWN APPROACH 46
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – TOP-DOWN 46
2.3 DATA TRIANGULATION 46
FIGURE 6 FLAVORS & FRAGRANCES MARKET: DATA TRIANGULATION 47
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 48
2.4.1 SUPPLY-SIDE 48
FIGURE 7 MARKET CAGR PROJECTIONS FROM THE SUPPLY-SIDE 48
2.4.2 DEMAND-SIDE 48
FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
AND OPPORTUNITIES 49
2.5 FACTOR ANALYSIS 49
2.6 ASSUMPTIONS 50
2.7 LIMITATIONS 50
2.8 RISK ASSESSMENT 50
TABLE 1 FLAVORS & FRAGRANCES MARKET: RISK ASSESSMENT 50
3 EXECUTIVE SUMMARY 51
FIGURE 9 SYNTHETIC INGREDIENT SEGMENT TO DOMINATE FLAVORS & FRAGRANCES MARKET DURING THE FORECAST PERIOD 51
FIGURE 10 BEVERAGES SEGMENT TO DOMINATE THE FLAVORS MARKET IN 2020 52
FIGURE 11 CONSUMER PRODUCTS SEGMENT TO DOMINATE THE FRAGRANCES MARKET 52
FIGURE 12 APAC WAS LARGEST FLAVORS & FRAGRANCES MARKET IN 2020 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN THE FLAVORS & FRAGRANCES MARKET 54
FIGURE 13 FLAVORS & FRAGRANCES MARKET TO REGISTER MODERATE GROWTH DURING THE FORECAST PERIOD 54
4.2 APAC: FRAGRANCES MARKET, BY END-USE AND COUNTRY 54
FIGURE 14 CHINA LED THE APAC FRAGRANCES MARKET IN 2020 54
4.3 FLAVORS & FRAGRANCES MARKET, BY REGION 55
FIGURE 15 APAC TO BE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026 55
4.4 FLAVORS MARKET, REGION VS END-USE INDUSTRY 55
FIGURE 16 BEVERAGES ACCOUNTED FOR LARGEST SHARE IN MOST OF THE
REGIONS IN 2020 55
4.5 FLAVORS MARKET ATTRACTIVENESS 56
FIGURE 17 INDIA TO BE FASTEST-GROWING MARKET BETWEEN 2021 AND 2026 56
5 MARKET OVERVIEW AND INDUSTRY TRENDS 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE
FLAVORS & FRAGRANCES MARKET 57
5.2.1 DRIVERS 58
5.2.1.1 Increasing demand for natural flavors and fragrances 58
5.2.1.2 Increasing consumer preference toward convenience foods 58
TABLE 2 FROZEN FOOD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION) 58
5.2.1.3 Rising demand for natural products 59
5.2.1.4 Rising demand for consumer products 59
5.2.2 RESTRAINTS 59
5.2.2.1 Compliance with quality and regulatory standards 59
TABLE 3 FLAVORS AND FRAGRANCES: REGULATIONS SET BY DIFFERENT COUNTRIES 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Digitalization of the retail industry 60
FIGURE 19 ONLINE PURCHASES OF GOODS & SERVICES IN THE EUROPEAN
UNION (2018) 60
5.2.3.2 Innovation in end-use industries to drive the flavors
& fragrances market 60
5.2.4 CHALLENGES 61
5.2.4.1 Limited progression in value chain among developing economies 61
5.2.4.2 Lack of cold chain infrastructure in developing economies 61
5.3 PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 20 PORTER’S FIVE FORCES ANALYSIS OF FLAVORS & FRAGRANCES MARKET 62
5.3.1 THREAT OF NEW ENTRANTS 62
5.3.2 THREAT OF SUBSTITUTES 62
5.3.3 BARGAINING POWER OF SUPPLIERS 63
5.3.4 BARGAINING POWER OF BUYERS 63
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 63
TABLE 4 FLAVORS & FRAGRANCES MARKET: PORTER’S FIVE FORCES ANALYSIS 63
5.4 MACROECONOMIC INDICATORS 64
5.4.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 64
TABLE 5 GDP TRENDS AND FORECAST, BY MAJOR ECONOMY,
2018–2026 (USD BILLION) 64
5.5 COVID-19 IMPACT 65
5.5.1 INTRODUCTION 65
5.5.2 COVID-19 HEALTH ASSESSMENT 65
FIGURE 21 COUNTRY-WISE SPREAD OF COVID-19 65
5.5.3 COVID-19 ECONOMIC ASSESSMENT 66
FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021 66
5.5.3.1 COVID-19 Impact on the Economy—Scenario Assessment 67
FIGURE 23 FACTORS IMPACTING THE GLOBAL ECONOMY 67
FIGURE 24 SCENARIOS OF COVID-19 IMPACT 68
5.6 IMPACT OF COVID-19: CUSTOMER ANALYSIS 69
5.7 SUPPLY CHAIN ANALYSIS 69
FIGURE 25 FLAVORS & FRAGRANCES MARKET: SUPPLY CHAIN 70
5.7.1 RAW MATERIAL 70
5.7.2 INGREDIENT MANUFACTURING 70
5.7.3 DISTRIBUTION 70
5.7.4 END-USE INDUSTRIES 71
5.8 FLAVORS & FRAGRANCE MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIOS 71
FIGURE 26 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIOS 71
TABLE 6 FLAVORS & FRAGRANCE MARKET FORECAST SCENARIO,
2019–2026 (USD MILLION) 71
5.8.1 NON-COVID-19 SCENARIO 71
5.8.2 OPTIMISTIC SCENARIO 72
5.8.3 PESSIMISTIC SCENARIO 72
5.8.4 REALISTIC SCENARIO 72
5.9 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 72
5.9.1 REVENUE SHIFTS & REVENUE POCKETS FOR FLAVORS
& FRAGRANCE MARKET 72
FIGURE 27 REVENUE SHIFT FOR FLAVORS & FRAGRANCE MARKET 73
5.10 CONNECTED MARKETS: ECOSYSTEM 73
FIGURE 28 FLAVORS & FRAGRANCES MARKET: ECOSYSTEM 73
TABLE 7 FLAVORS & FRAGRANCES MARKET: SUPPLY CHAIN 74
5.11 TECHNOLOGY ANALYSIS 75
5.12 CASE STUDY ANALYSIS 76
5.12.1 A CASE STUDY ON SLEEPSCORE LABS AND INTERNATIONAL
FLAVORS & FRAGRANCES INC. 76
5.12.2 A CASE STUDY ON GIVAUDAN AND MEDIAFLY 77
5.13 TRADE ANALYSIS 77
5.13.1 IMPORT SCENARIO OF FLAVORS & FRAGRANCES 77
FIGURE 29 FLAVORS & FRAGRANCES IMPORTS, BY KEY COUNTRY, 2012–2020 77
TABLE 8 IMPORTS OF FLAVORS & FRAGRANCES, BY REGION,
2012–2020 (USD MILLION) 78
5.13.2 EXPORT SCENARIO OF FLAVORS & FRAGRANCES 78
FIGURE 30 FLAVORS & FRAGRANCES EXPORTS, BY KEY COUNTRY, 2012– 2020 78
TABLE 9 EXPORTS OF FLAVORS & FRAGRANCES, BY REGION,
2012–2020 (USD MILLION) 79
5.14 TARIFF AND REGULATORY LANDSCAPE 79
5.15 PATENT ANALYSIS 81
5.15.1 APPROACH 81
5.15.2 DOCUMENT TYPE 81
TABLE 10 GRANTED PATENTS ACCOUNTED FOR 4% OF THE TOTAL COUNT
IN LAST 11 YEARS 81
FIGURE 31 PATENTS REGISTERED FOR FLAVORS & FRAGRANCES, 2010–2020 82
FIGURE 32 PATENTS PUBLICATION TRENDS FOR FLAVORS & FRAGRANCES, 2010–2020 82
5.15.3 JURISDICTION ANALYSIS 83
FIGURE 33 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA 83
5.15.4 TOP APPLICANTS 83
FIGURE 34 HUBEI CHINA TOBACCO INDUSTRY CO. LTD. REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2010 AND 2020 83
TABLE 11 TOP 10 PATENT OWNERS (US) IN LAST 11 YEARS 86
6 FLAVORS & FRAGRANCES MARKET, BY INGREDIENT 87
6.1 INTRODUCTION 88
FIGURE 35 NATURAL INGREDIENTS EXPECTED TO BE FASTER-GROWING SEGMENT DURING THE FORECAST PERIOD 88
TABLE 12 FLAVORS & FRAGRANCES MARKET SIZE, BY INGREDIENT,
2016–2019 (USD MILLION) 88
TABLE 13 FLAVORS & FRAGRANCES MARKET SIZE, BY INGREDIENT,
2020–2026 (USD MILLION) 89
6.2 SYNTHETIC INGREDIENT 89
6.2.1 TREND IN REPLICATION OF NATURAL FLAVORS INTO SYNTHETIC INGREDIENTS TO DRIVE THE MARKET 89
TABLE 14 SYNTHETIC INGREDIENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 89
TABLE 15 SYNTHETIC INGREDIENT MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 89
6.3 NATURAL INGREDIENT 90
6.3.1 INCREASING HEALTH AWARENESS AMONG CONSUMERS
TO DRIVE THE MARKET 90
TABLE 16 NATURAL INGREDIENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 90
TABLE 17 NATURAL INGREDIENT MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 90
7 FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY 91
7.1 INTRODUCTION 92
7.2 FLAVORS 92
FIGURE 36 BEVERAGES SEGMENT TO LEAD FLAVORS MARKET DURING
THE FORECAST PERIOD 92
TABLE 18 FLAVORS MARKET, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 92
TABLE 19 FLAVORS MARKET, BY END-USE INDUSTRY, 2020–2026 (USD MILLION) 93
7.2.1 BEVERAGES 93
7.2.1.1 Changing lifestyle and curiosity to try differently flavored
beverages are driving the market 93
TABLE 20 FLAVORS MARKET SIZE IN BEVERAGES, BY REGION,
2016–2019 (USD MILLION) 93
TABLE 21 FLAVORS MARKET SIZE IN BEVERAGES, BY REGION,
2020–2026 (USD MILLION) 94
7.2.2 SAVORY & SNACKS 94
7.2.2.1 Demand for plant-based products and growing preference for
less salt, fat, and sugar to drive the market 94
TABLE 22 FLAVORS MARKET SIZE IN SAVORY & SNACKS, BY REGION,
2016–2019 (USD MILLION) 94
TABLE 23 FLAVORS MARKET SIZE IN SAVORY & SNACKS, BY REGION,
2020–2026 (USD MILLION) 95
7.2.3 DAIRY PRODUCTS 95
7.2.3.1 Demand for health & wellness and emotional need for dairy
products to drive the market 95
TABLE 24 FLAVORS MARKET SIZE IN DAIRY PRODUCTS, BY REGION,
2016–2019 (USD MILLION) 95
TABLE 25 FLAVORS MARKET SIZE IN DAIRY PRODUCTS, BY REGION,
2020–2026 (USD MILLION) 96
7.2.4 BAKERY 96
7.2.4.1 APAC is largest market for flavors in the bakery segment 96
TABLE 26 FLAVORS MARKET SIZE IN BAKERY, BY REGION, 2016–2019 (USD MILLION) 96
TABLE 27 FLAVORS MARKET SIZE IN BAKERY, BY REGION, 2020–2026 (USD MILLION) 97
7.2.5 CONFECTIONERY 97
7.2.5.1 Continuous innovation and fast-changing consumer demand
to drive the market 97
TABLE 28 FLAVORS MARKET SIZE IN CONFECTIONERY, BY REGION,
2016–2019 (USD MILLION) 97
TABLE 29 FLAVORS MARKET SIZE IN CONFECTIONERY, BY REGION,
2020–2026 (USD MILLION) 98
7.2.6 OTHERS 98
7.2.6.1 Changing consumer preferences and growing demand for new
flavors to drive the market 98
TABLE 30 FLAVORS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION,
2016–2019 (USD MILLION) 98
TABLE 31 FLAVORS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION,
2020–2026 (USD MILLION) 99
7.3 FRAGRANCES 99
FIGURE 37 CONSUMER PRODUCTS SEGMENT TO DOMINATE FRAGRANCES MARKET DURING THE FORECAST PERIOD 99
TABLE 32 FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 99
TABLE 33 FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 100
7.3.1 CONSUMER PRODUCTS 100
7.3.1.1 In-depth research on consumer products and changing
preferences to drive the market 100
TABLE 34 FRAGRANCES MARKET SIZE IN CONSUMER PRODUCTS, BY REGION,
2016–2019 (USD MILLION) 100
TABLE 35 FRAGRANCES MARKET SIZE IN CONSUMER PRODUCTS, BY REGION,
2020–2026 (USD MILLION) 101
7.3.2 FINE FRAGRANCES 101
7.3.2.1 Increasing connection of perfumers to diverse local cultures
and trends can drive the market 101
TABLE 36 FRAGRANCES MARKET SIZE IN FINE FRAGRANCES, BY REGION,
2016–2019 (USD MILLION) 101
TABLE 37 FRAGRANCES MARKET SIZE IN FINE FRAGRANCES, BY REGION,
2020–2026 (USD MILLION) 102
8 FLAVORS & FRAGRANCES MARKET, BY REGION 103
8.1 INTRODUCTION 104
FIGURE 38 APAC EXPECTED TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026 104
TABLE 38 FLAVORS & FRAGRANCES MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 104
TABLE 39 FLAVORS & FRAGRANCES MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 104
TABLE 40 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 105
TABLE 41 FLAVORS & FRAGRANCES MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 105
TABLE 42 FLAVORS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 105
TABLE 43 FLAVORS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 106
TABLE 44 FRAGRANCES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 106
TABLE 45 FRAGRANCES MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 106
8.2 APAC 107
FIGURE 39 APAC MARKET SNAPSHOT: CHINA ACCOUNTED FOR LARGEST
SHARE IN 2020 107
8.2.1 APAC FLAVORS & FRAGRANCE MARKET, BY END-USE INDUSTRY 108
TABLE 46 APAC: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 108
TABLE 47 APAC: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 108
TABLE 48 APAC: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 108
TABLE 49 APAC: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 109
8.2.2 APAC FLAVORS & FRAGRANCE MARKET, BY COUNTRY 109
TABLE 50 APAC: FLAVORS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 109
TABLE 51 APAC: FLAVORS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION) 110
TABLE 52 APAC: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 110
TABLE 53 APAC: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 111
8.2.2.1 China 111
8.2.2.1.1 Growing industrial activities and change in consumer’s lifestyle to drive the market 111
TABLE 54 CHINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 112
TABLE 55 CHINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 112
TABLE 56 CHINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 112
TABLE 57 CHINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 113
8.2.2.2 Japan 113
8.2.2.2.1 Growing investment in manufacturing sector to
drive the flavors & fragrance market 113
TABLE 58 JAPAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 113
TABLE 59 JAPAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 114
TABLE 60 JAPAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 114
TABLE 61 JAPAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 114
8.2.2.3 India 115
8.2.2.3.1 Growing FDI investments in manufacturing industry to support market growth 115
TABLE 62 INDIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 115
TABLE 63 INDIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 116
TABLE 64 INDIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 116
TABLE 65 INDIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 116
8.2.2.4 South Korea 117
8.2.2.4.1 Increased exports to EU to drive the flavors and
fragrance market 117
TABLE 66 SOUTH KOREA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 117
TABLE 67 SOUTH KOREA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 118
TABLE 68 SOUTH KOREA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 118
TABLE 69 SOUTH KOREA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 118
8.2.2.5 Indonesia 119
8.2.2.5.1 Strong rebound of economy and anticipated change in
food consumption patterns to drive the market 119
TABLE 70 INDONESIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 119
TABLE 71 INDONESIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 120
TABLE 72 INDONESIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 120
TABLE 73 INDONESIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 120
8.2.2.6 Thailand 121
8.2.2.6.1 Increased exports of processed foods to drive the market 121
TABLE 74 THAILAND: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 121
TABLE 75 THAILAND: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 122
TABLE 76 THAILAND: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 122
TABLE 77 THAILAND: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 122
8.2.2.7 Australia 122
8.2.2.7.1 Demand for energy drinks among white-collar workers to drive the market 122
TABLE 78 AUSTRALIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 123
TABLE 79 AUSTRALIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 123
TABLE 80 AUSTRALIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 123
TABLE 81 AUSTRALIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 124
8.2.2.8 Vietnam 124
8.2.2.8.1 Beverages segment is largest and fastest-growing user
of flavors 124
TABLE 82 VIETNAM: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 124
TABLE 83 VIETNAM: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 125
TABLE 84 VIETNAM: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 125
TABLE 85 VIETNAM: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 125
8.2.2.9 Philippines 126
8.2.2.9.1 Demand for western food products from youth
population to drive the market 126
TABLE 86 PHILIPPINES: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 126
TABLE 87 PHILIPPINES: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 126
TABLE 88 PHILIPPINES: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 127
TABLE 89 PHILIPPINES: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 127
8.2.2.10 Bangladesh 127
8.2.2.10.1 Signs of recovery in economy and exports to drive
the market 127
TABLE 90 BANGLADESH: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 128
TABLE 91 BANGLADESH: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 128
TABLE 92 BANGLADESH: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 128
TABLE 93 BANGLADESH: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 129
8.2.2.11 Pakistan 129
8.2.2.11.1 Rising middle-class population and preference for higher quality and safer food to drive the market 129
TABLE 94 PAKISTAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 129
TABLE 95 PAKISTAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 130
TABLE 96 PAKISTAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 130
TABLE 97 PAKISTAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 130
8.3 EUROPE 131
FIGURE 40 EUROPE FLAVORS & FRAGRANCE MARKET SNAPSHOT: GERMANY ACCOUNTED FOR LARGEST MARKET SHARE IN 2020 131
8.3.1 EUROPE FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY 132
TABLE 98 EUROPE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 132
TABLE 99 EUROPE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 132
TABLE 100 EUROPE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 132
TABLE 101 EUROPE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 133
8.3.2 EUROPE FLAVORS & FRAGRANCES MARKET, BY COUNTRY 133
TABLE 102 EUROPE: FLAVORS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 133
TABLE 103 EUROPE: FLAVORS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION) 134
TABLE 104 EUROPE: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 134
TABLE 105 EUROPE: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 134
8.3.2.1 Germany 135
8.3.2.1.1 Strong economic recovery post-COVID-19 pandemic to support market growth 135
TABLE 106 GERMANY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 135
TABLE 107 GERMANY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 136
TABLE 108 GERMANY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 136
TABLE 109 GERMANY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 136
8.3.2.2 France 137
8.3.2.2.1 Increase in production concentration and exports to support the market 137
TABLE 110 FRANCE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 137
TABLE 111 FRANCE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 138
TABLE 112 FRANCE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 138
TABLE 113 FRANCE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 138
8.3.2.3 UK 139
8.3.2.3.1 Adoption of healthier lifestyle and increase in usage of natural flavors & fragrances to drive the market 139
TABLE 114 UK: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 139
TABLE 115 UK: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 139
TABLE 116 UK: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 140
TABLE 117 UK: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 140
8.3.2.4 Italy 140
8.3.2.4.1 Marketing initiatives taken by the government to support the flavors and fragrance market 140
TABLE 118 ITALY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 141
TABLE 119 ITALY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 141
TABLE 120 ITALY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 141
TABLE 121 ITALY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 142
8.3.2.5 Spain 142
8.3.2.5.1 Demand for healthy and natural ingredients-based
ready-to-eat food to drive the market 142
TABLE 122 SPAIN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 142
TABLE 123 SPAIN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 143
TABLE 124 SPAIN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 143
TABLE 125 SPAIN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 143
8.3.2.6 Russia 144
8.3.2.6.1 New export routes to Southeast Asian countries to
support the market growth 144
TABLE 126 RUSSIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 144
TABLE 127 RUSSIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 144
TABLE 128 RUSSIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 145
TABLE 129 RUSSIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 145
8.4 NORTH AMERICA 145
FIGURE 41 NORTH AMERICA FLAVORS & FRAGRANCES MARKET SNAPSHOT:
US EXPECTED TO DOMINATE THE MARKET 146
8.4.1 NORTH AMERICA FLAVORS & FRAGRANCE MARKET, BY END-USE INDUSTRY 146
TABLE 130 NORTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 146
TABLE 131 NORTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 147
TABLE 132 NORTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 147
TABLE 133 NORTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION) 147
8.4.2 NORTH AMERICA FLAVORS & FRAGRANCES MARKET, BY COUNTRY 148
TABLE 134 NORTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 148
TABLE 135 NORTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 148
TABLE 136 NORTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 148
TABLE 137 NORTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 149
8.4.2.1 US 149
8.4.2.1.1 Savory & snacks segment is fastest-growing
end-user of flavors 149
TABLE 138 US: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 149
TABLE 139 US: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 150
TABLE 140 US: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 150
TABLE 141 US: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 150
8.4.2.2 Canada 151
8.4.2.2.1 Increasing health awareness and demand for natural-based flavors and fragrances to drive the market 151
TABLE 142 CANADA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 151
TABLE 143 CANADA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 151
TABLE 144 CANADA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 152
TABLE 145 CANADA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 152
8.4.2.3 Mexico 152
8.4.2.3.1 Rapid urbanization and increase in population of
working women to support the market 152
TABLE 146 MEXICO: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 153
TABLE 147 MEXICO: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 153
TABLE 148 MEXICO: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 153
TABLE 149 MEXICO: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 154
8.5 SOUTH AMERICA 154
8.5.1 SOUTH AMERICA FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY 154
TABLE 150 SOUTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 154
TABLE 151 SOUTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 155
TABLE 152 SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 155
TABLE 153 SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION) 155
8.5.2 SOUTH AMERICA FLAVORS & FRAGRANCES MARKET, BY COUNTRY 156
TABLE 154 SOUTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 156
TABLE 155 SOUTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 156
TABLE 156 SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 156
TABLE 157 SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 157
8.5.2.1 Brazil 157
8.5.2.1.1 Rising demand for dairy products and premium fragrances to drive the market 157
TABLE 158 BRAZIL: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 157
TABLE 159 BRAZIL: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 158
TABLE 160 BRAZIL: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 158
TABLE 161 BRAZIL: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 158
8.5.2.2 Argentina 159
8.5.2.2.1 Turmoil in manufacturing sector to have a negative
impact on the market 159
TABLE 162 ARGENTINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 159
TABLE 163 ARGENTINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 159
TABLE 164 ARGENTINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 160
TABLE 165 ARGENTINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 160
8.6 MIDDLE EAST & AFRICA 160
8.6.1 MIDDLE EAST & AFRICA FLAVORS & FRAGRANCE MARKET,
BY END-INDUSTRY 161
TABLE 166 MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 161
TABLE 167 MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION) 161
TABLE 168 MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION) 161
TABLE 169 MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION) 162
8.6.2 MIDDLE EAST & AFRICA FLAVORS & FRAGRANCE MARKET, BY COUNTRY 162
TABLE 170 MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 162
TABLE 171 MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 163
TABLE 172 MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 163
TABLE 173 MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 164
8.6.2.1 Saudi Arabia 164
8.6.2.1.1 Higher penetration of premium consumer products supports the market growth 164
TABLE 174 SAUDI ARABIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 164
TABLE 175 SAUDI ARABIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 165
TABLE 176 SAUDI ARABIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 165
TABLE 177 SAUDI ARABIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 165
8.6.2.2 Iran 166
8.6.2.2.1 Growing urban middle-class population, changing lifestyle to make significant impact on the market 166
TABLE 178 IRAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 166
TABLE 179 IRAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 166
TABLE 180 IRAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 167
TABLE 181 IRAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 167
8.6.2.3 Turkey 167
8.6.2.3.1 Rise in disposable income to support growth of flavors
& fragrance industry 167
TABLE 182 TURKEY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 168
TABLE 183 TURKEY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 168
TABLE 184 TURKEY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 168
TABLE 185 TURKEY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 169
8.6.2.4 South Africa 169
8.6.2.4.1 Beverages segment is largest consumer of flavors in
South Africa 169
TABLE 186 SOUTH AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 169
TABLE 187 SOUTH AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 170
TABLE 188 SOUTH AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 170
TABLE 189 SOUTH AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 170

9 COMPETITIVE LANDSCAPE 171
9.1 INTRODUCTION 171
9.2 STRATEGIES ADOPTED BY KEY PLAYERS 171
9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY FLAVORS & FRAGRANCES MANUFACTURERS 171
9.3 MARKET SHARE ANALYSIS 173
9.3.1 RANKING OF KEY MARKET PLAYERS, 2020 173
FIGURE 42 RANKING OF TOP FOUR PLAYERS IN THE FLAVORS & FRAGRANCES
MARKET, 2020 173
9.3.2 MARKET SHARE OF KEY PLAYERS 174
TABLE 190 FLAVORS & FRAGRANCES MARKET: DEGREE OF COMPETITION 174
FIGURE 43 GIVAUDAN IS LEADING PLAYER IN THE FLAVORS & FRAGRANCES MARKET 174
9.3.3 GIVAUDAN 175
9.3.4 INTERNATIONAL FLAVORS & FRAGRANCES (IFF) 175
9.3.5 FIRMENICH 175
9.3.6 SYMRISE AG 175
9.4 REVENUE ANALYSIS 176
FIGURE 44 REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS 176
9.5 COMPANY PRODUCT FOOTPRINT ANALYSIS 177
FIGURE 45 FLAVORS & FRAGRANCES MARKET: COMPANY FOOTPRINT 177
TABLE 191 FLAVORS & FRAGRANCES MARKET: INGREDIENT FOOTPRINT 178
TABLE 192 FLAVORS & FRAGRANCES MARKET: END-USE INDUSTRY FOOTPRINT 179
TABLE 193 FLAVORS & FRAGRANCES MARKET: COMPANY REGION FOOTPRINT 180
9.6 COMPANY EVALUATION QUADRANT 181
9.6.1 STARS 181
9.6.2 EMERGING LEADERS 181
FIGURE 46 COMPANY EVALUATION QUADRANT FOR FLAVORS & FRAGRANCES
MARKET (TIER 1) 181
9.7 START-UP/SMES EVALUATION QUADRANT 182
9.7.1 RESPONSIVE COMPANIES 182
9.7.2 DYNAMIC COMPANIES 182
9.7.3 STARTING BLOCKS 182
FIGURE 47 STARTUP/SMES EVALUATION QUADRANT FOR FLAVORS
& FRAGRANCES MARKET 183
9.8 COMPETITIVE SITUATION AND TRENDS 184
9.8.1 PRODUCT LAUNCHES 184
TABLE 194 FLAVORS & FRAGRANCES MARKET: PRODUCT LAUNCHES, 2018- 2021 184
9.8.2 DEALS 185
TABLE 195 FLAVORS & FRAGRANCES MARKET: DEALS, 2018-2021 185
9.8.3 OTHER DEVELOPMENTS 191
TABLE 196 FLAVORS & FRAGRANCES MARKET: EXPANSIONS, INVESTMENTS,
AND INNOVATIONS, 2016- 2021 191

10 COMPANY PROFILES 194
10.1 MAJOR PLAYERS 194
(Business Overview, Products Offered, Recent Developments, New product launch, Deals, Other developments, MnM View, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats)*
10.1.1 GIVAUDAN 194
FIGURE 48 GIVAUDAN: COMPANY SNAPSHOT 194
TABLE 197 GIVAUDAN: BUSINESS OVERVIEW 195
10.1.2 FIRMENICH 200
TABLE 198 FIRMENICH: BUSINESS OVERVIEW 200
10.1.3 INTERNATIONAL FLAVORS & FRAGRANCES INC. 204
FIGURE 49 INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT 204
TABLE 199 INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW 205
10.1.4 SYMRISE AG 208
FIGURE 50 SYMRISE AG: COMPANY SNAPSHOT 208
TABLE 200 SYMRISE AG: BUSINESS OVERVIEW 209
10.1.5 TAKASAGO 213
FIGURE 51 TAKASAGO: COMPANY SNAPSHOT 213
TABLE 201 TAKASAGO: BUSINESS OVERVIEW 214
10.1.6 ARCHER DANIELS MIDLAND COMPANY 216
FIGURE 52 ARCHER DANIELS MIDLAND COMPANY (ADM): COMPANY SNAPSHOT 216
TABLE 202 ARCHER DANIELS MIDLAND COMPANY (ADM): BUSINESS OVERVIEW 217
10.1.7 SENSIENT TECHNOLOGIES 219
FIGURE 53 SENSIENT TECHNOLOGIES: COMPANY SNAPSHOT 219
TABLE 203 SENSIENT TECHNOLOGIES: BUSINESS OVERVIEW 220
10.1.8 MANE SA 223
FIGURE 54 MANE SA: COMPANY SNAPSHOT 223
TABLE 204 MANE SA: BUSINESS OVERVIEW 224
10.1.9 ROBERTET 227
FIGURE 55 ROBERTET: COMPANY SNAPSHOT 227
TABLE 205 ROBERTET: BUSINESS OVERVIEW 228
10.1.10 T. HASEGAWA CO. LTD. 230
FIGURE 56 T. HASEGAWA CO. LTD.: COMPANY SNAPSHOT 230
TABLE 206 T. HASEGAWA CO. LTD.: BUSINESS OVERVIEW 231
10.1.11 BELL FLAVORS & FRAGRANCES 234
TABLE 207 BELL FLAVORS & FRAGRANCES: BUSINESS OVERVIEW 234
10.2 STARTUP/SME PLAYERS 236
10.2.1 KERRY 236
TABLE 208 KERRY: COMPANY OVERVIEW 236
10.2.2 OGAWA & CO. LTD. 236
TABLE 209 OGAWA & CO. LTD.: COMPANY OVERVIEW 236
10.2.3 HUABAO 237
TABLE 210 HUABAO: COMPANY OVERVIEW 237
10.2.4 BIOLANDES SAS 237
TABLE 211 BIOLANDES SAS: COMPANY OVERVIEW 237
10.2.5 FLAVEX NATUREXTRAKTE GMBH 238
TABLE 212 FLAVEX NATUREXTRAKTE GMBH: COMPANY OVERVIEW 238
10.2.6 SYNTHITE INDUSTRIES LIMITED 238
TABLE 213 SYNTHITE INDUSTRIES LIMITED: COMPANY OVERVIEW 238
10.2.7 UNGERER & COMPANY 239
TABLE 214 UNGERER & COMPANY: COMPANY OVERVIEW 239
10.2.8 AKAY NATURAL INGREDIENTS PRIVATE LIMITED 239
TABLE 215 AKAY NATURAL INGREDIENTS PRIVATE LIMITED: COMPANY OVERVIEW 239
10.2.9 SOLVAY SA 240
TABLE 216 SOLVAY SA: COMPANY OVERVIEW 240
10.2.10 OZONE NATURALS 240
TABLE 217 OZONE NATURALS: COMPANY OVERVIEW 240
10.2.11 BASF SE 241
TABLE 218 BASF SE: COMPANY OVERVIEW 241
10.2.12 ROYAL DSM NV 241
TABLE 219 ROYAL DSM NV: COMPANY OVERVIEW 241
10.2.13 AROMTECH SAS 242
TABLE 220 AROMTECH SAS: COMPANY OVERVIEW 242
10.2.14 BEDOUKIAN RESEARCH, INC. 242
TABLE 221 BEDOUKIAN RESEARCH, INC.: COMPANY OVERVIEW 242
*Details on Business Overview, Products Offered, Recent Developments, New product launch, Deals, Other developments, MnM View, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11 ADJACENT & RELATED MARKETS 243
11.1 INTRODUCTION 243
11.2 LIMITATION 243
11.3 AROMA INGREDIENTS MARKET 243
11.3.1 MARKET DEFINITION 243
11.3.2 MARKET OVERVIEW 243
11.4 AROMA INGREDIENTS MARKET, BY REGION 244
TABLE 222 AROMA INGREDIENTS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION) 244
11.4.1 EUROPE 244
TABLE 223 EUROPE: AROMA INGREDIENTS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION) 244
TABLE 224 EUROPE: AROMA INGREDIENTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION) 245
TABLE 225 EUROPE: AROMA INGREDIENTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION) 245

★調査レポート[世界のフレーバー&フレグランス市場予測(~2026):成分別、エンドユーザー別、地域別] ( Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2026 / CH6073) 販売に関する免責事項
[世界のフレーバー&フレグランス市場予測(~2026):成分別、エンドユーザー別、地域別] ( Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2026 / CH6073) についてEメールでお問い合わせ


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