The global flavors and fragrance market is
expected to reach USD 28.65 billion by 2025, according to a new report by Grand
View Research, Inc. Flavors & fragrances provide lasting sensory
impressions, often determined when subtly applied via food, beverage, medical
products, and other substances. These products enhance the overall appeal and
aesthetic value of consumer goods.
Flavors & fragrances are mostly prepared using volatile
chemicals and essential oils to deliver a particular flavor or enhance existing
flavors. The products are mainly categorized into natural and synthetic.
Increasing consumer demand for fresh and natural products has contributed to
exponential segment growth.
Rising demand for convenience and ready-to-eat meals,
health, and wellness foods, as well as technological advancements, are expected
to boost market growth. Rapid industrialization and increasing consumer
disposable incomes in emerging economies such as China and India are also
projected to foster the global food flavors market over the forecast period.
Owing to the enormous demand for natural products, many
forests have been chopped down to derive minuscule amounts of oil. Several
arable lands have also been converted into monoculture farming lands to
cultivate a single plant or crop to obtain particular oil. This, in turn, has
resulted in limited availability of raw materials for natural products.
Flavors & fragrances manufacturers operate through collaborations
with scientists, artists, musicians, writers, and filmmaker to tap into
creative minds to expose perfumes to new and constantly evolving creative
territories and approaches. Manufacturers also form creative teams that
comprise fragrance evaluators, perfumers, and flavorists.
Browse full research report on Flavors & Fragrances
Market: http://www.grandviewresearch.com/industry-analysis/flavors-fragrances-market
Further key findings from the report suggest:
- Aroma
chemicals are expected to maintain the largest market share and are likely
to account for 64.6% of the revenue generated in 2025
- Increasing
research expenditure on developing fragrance compounds is expected to
support the demand for aroma chemicals in upcoming years
- Essential
oils are expected to emerge as the largest as well as fastest growing
natural product segment
- Orange
essential oil demand was valued at USD 1,404.8 million in 2015
- Fragrances
application segment is estimated to dominate the market while the
valuation of flavors is projected to grow at a CAGR of 4.1% from 2016 to
2025
- Asia
Pacific is projected to grow at the highest CAGR on account of
availability of the raw material and increasing demand
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the flavors and fragrances
market on the basis of product, application and region:
Flavors and Fragrances Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Natural
- Essential
Oils
- Orange
- Limonene
- Myrcene
- Others
- Corn
Mint
- Menthol
- Menthone
- Others
- Eucalyptus
- Eucalyptol
- Limonene
- Others
- Pepper
Mint
- Menthol
- Menthone
- Others
- Lemon
- Pinene
- Limonene
- Camphene
- Oleoresins
- Paprika
- Piperine
- Others
- Black
Pepper
- Piperine
- Others
- Turmeric
- Curcumin
- Others
- Ginger
- Gingerol
- Others
- Others
- Aroma
Chemicals
- Esters
- Ethyl
acetate
- Benzyl
acetate
- Ethyl
benzoate
- Methyl
decanoate
- Others
- Alcohol
- Lauryl
alcohol
- Menthol
- Others
- Aldehyde
- Benzaldehyde
- Vanillin
- Others
- Phenol
- Ethylvanillin
- Others
- Others
Flavors and Fragrances Application Outlook (Revenue, USD
Million, 2014 - 2025)
- Flavors
- Confectionary
- Convenience
Foods
- Bakery
Food
- Dairy
Food
- Beverages
- Others
- Fragrances
- Fine
fragrances
- Cosmetics
and Toiletries
- Soaps
& Detergents
- Others
Flavors and Fragrances Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Middle
East & Africa
- Saudi
Arabia
- Central
and South America
- Brazil
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-flavors-fragrances-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
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