Global Natural Flavors And Fragrances Market is valued at approximately USD 9.15 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2029. Natural flavors and fragrances naturally derive their aroma or flavor chemicals from plant or animal sources, such as fruits, roots, leaves, spices, fish, meat, herbs, buds, or bark that are fermented distilled, or extracted. These are obtained by mixing and blending natural ingredients. The surging demand for natural flavors in the food & beverage sector, growth of the cosmetic, and pharmaceuticals industry, coupled with increasing disposable income are the primary factors that are fostering the market demand across the globe.
According to Statista, in 2017, the market size of the Indian cosmetics industry was estimated to value around USD 11.16 billion, which is expected to reach nearly USD 20 billion by 2025. Accordingly, the growth of the cosmetic industry is exhibiting a positive influence on the market because of the rising inclination towards natural products. In addition, the introduction of novel technologies, as well as increasing demand for naturally derived products are presenting various growth prospects to the market in the forecasting years. However, volatility in the prices of raw materials stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Natural Flavors And Fragrances Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominated the space in terms of revenue, owing to the increasing awareness regarding less sodium intake, rising demand for essential oils, and growing popularity of ethnic cuisines. Whereas, Asia Pacific is expected to grow significantly during the forecast period. Factors such as an increase in demand for premium healthcare products, availability of low-cost labor and raw materials, along with rising investments in R&D facilities are bolstering the regional market growth.
Major market players included in this report are:
Keva Flavours Pvt. Ltd.
DOHLER GmbH
Blue Pacific Flavours, Inc.
Stringer Flavours Ltd.
BIOLANDES
Young Living Essential Oils, LC
Falcon
BASF SE
Symrise
Firmenich SA
Recent Developments in the Market:
- In August 2022, Givaudan introduced its "PrimeLock+" technology that replicates fat cells of animals with encapsulated coconut oil. The objective of this innovation is to assist consumers to achieve the feel and flavor of meat in an offering encapsulated flavors to reduce high-fat content as vegan-friendly solution that also enhances the juiciness of plant-based products.
Global Natural Flavors And Fragrances Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Technology, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Essential Oils
Oleoresins
Dried Crops
Herbal Extracts
Others
By Technology:
Fermentation
Extraction
Distillation
Others
By Application:
Flavors
Fragrances
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Natural Flavors And Fragrances Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Natural Flavors And Fragrances Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Natural Flavors And Fragrances Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Natural Flavors And Fragrances Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Natural Flavors And Fragrances Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Natural Flavors And Fragrances Market Dynamics
- 3.1. Natural Flavors And Fragrances Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Surging demand for natural flavors in the food & beverage sector
- 3.1.1.2. Growth of the cosmetic, and pharmaceuticals industry
- 3.1.2. Market Challenges
- 3.1.2.1. Volatility in the prices of raw materials
- 3.1.3. Market Opportunities
- 3.1.3.1. Introduction of novel technologies
- 3.1.3.2. Increasing demand for naturally derived products
Chapter 4. Global Natural Flavors And Fragrances Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Natural Flavors And Fragrances Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Natural Flavors And Fragrances Market by Product, Performance - Potential Analysis
- 6.3. Global Natural Flavors And Fragrances Market Estimates & Forecasts by Product, 2019-2029 (USD Billion)
- 6.4. Natural Flavors And Fragrances Market, Sub Segment Analysis
- 6.4.1. Essential Oils
- 6.4.2. Oleoresins
- 6.4.3. Dried Crops
- 6.4.4. Herbal Extracts
- 6.4.5. Others
Chapter 7. Global Natural Flavors And Fragrances Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Natural Flavors And Fragrances Market by Technology, Performance - Potential Analysis
- 7.3. Global Natural Flavors And Fragrances Market Estimates & Forecasts by Technology, 2019-2029 (USD Billion)
- 7.4. Natural Flavors And Fragrances Market, Sub Segment Analysis
- 7.4.1. Fermentation
- 7.4.2. Extraction
- 7.4.3. Distillation
- 7.4.4. Others
Chapter 8. Global Natural Flavors And Fragrances Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Natural Flavors And Fragrances Market by Application, Performance - Potential Analysis
- 8.3. Global Natural Flavors And Fragrances Market Estimates & Forecasts by Application, 2019-2029 (USD Billion)
- 8.4. Natural Flavors And Fragrances Market, Sub Segment Analysis
- 8.4.1. Flavors
- 8.4.2. Fragrances
Chapter 9. Global Natural Flavors And Fragrances Market, Regional Analysis
- 9.1. Natural Flavors And Fragrances Market, Regional Market Snapshot
- 9.2. North America Natural Flavors And Fragrances Market
- 9.2.1. U.S. Natural Flavors And Fragrances Market
- 9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Natural Flavors And Fragrances Market
- 9.3. Europe Natural Flavors And Fragrances Market Snapshot
- 9.3.1. U.K. Natural Flavors And Fragrances Market
- 9.3.2. Germany Natural Flavors And Fragrances Market
- 9.3.3. France Natural Flavors And Fragrances Market
- 9.3.4. Spain Natural Flavors And Fragrances Market
- 9.3.5. Italy Natural Flavors And Fragrances Market
- 9.3.6. Rest of Europe Natural Flavors And Fragrances Market
- 9.4. Asia-Pacific Natural Flavors And Fragrances Market Snapshot
- 9.4.1. China Natural Flavors And Fragrances Market
- 9.4.2. India Natural Flavors And Fragrances Market
- 9.4.3. Japan Natural Flavors And Fragrances Market
- 9.4.4. Australia Natural Flavors And Fragrances Market
- 9.4.5. South Korea Natural Flavors And Fragrances Market
- 9.4.6. Rest of Asia Pacific Natural Flavors And Fragrances Market
- 9.5. Latin America Natural Flavors And Fragrances Market Snapshot
- 9.5.1. Brazil Natural Flavors And Fragrances Market
- 9.5.2. Mexico Natural Flavors And Fragrances Market
- 9.6. Rest of The World Natural Flavors And Fragrances Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Keva Flavours Pvt. Ltd.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. DOHLER GmbH
- 10.2.3. Blue Pacific Flavours, Inc.
- 10.2.4. Stringer Flavours Ltd.
- 10.2.5. BIOLANDES
- 10.2.6. Young Living Essential Oils, LC
- 10.2.7. Falcon
- 10.2.8. BASF SE
- 10.2.9. Symrise
- 10.2.10. Firmenich SA
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption