Global Flavors And Fragrances Market Size & Outlook
Global flavors and fragrances market, 2018-2030 (US$M)
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Global flavors and fragrances market highlights
- The global flavors and fragrances market generated a revenue of USD 29,087.4 million in 2022 and is expected to reach USD 44,468.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.4% by 2030.
- In terms of segment, natural flavors & fragrances accounted for a revenue of USD 21,596.9 million in 2022.
- Natural Flavors & Fragrances is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Portugal is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 29,087.4 million |
| Market revenue in 2030 | USD 44,468.6 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
Other key industry trends
- In terms of revenue, the North America accounted for 22.5% of the global flavors and fragrances market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Portugal is the fastest growing regional market and is projected to reach USD 89.2 million by 2030.
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global flavors and fragrances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavors and fragrances market will help companies and investors design strategic landscapes.
Natural flavors & fragrances was the largest segment with a revenue share of 74.25% in 2022. Horizon Databook has segmented the Global flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Flavors And Fragrances Product Outlook (Revenue, USD Million, 2018-2030)
- Natural Flavors & Fragrances
- Essential Oils
- Orange
- Limonene
- Myrcene
- Others
- Corn Mint
- Menthol
- Menthone
- Others
- Eucalyptus
- Limonene
- Citral
- Others
- Pepper Mint
- Menthol
- Menthone
- Others
- Lemon
- Pinene
- Limonene
- Camphene
- Citronella
- Citronellal
- Others
- Patchouli
- Patchouli Alcohol
- Others
- Clove
- Eugenol
- Others
- Lavander
- Linalyl Acetate
- Others
- Ylang Ylang
- Other Essential Oils
- Orange
- Oleoresins
- Paprika
- Piperine
- Others
- Black Pepper
- Piperine
- Others
- Turmeric
- Curcumin
- Others
- Ginger
- Gingerol
- Others
- Other Oleoresins
- Paprika
- Other Natural Flavors & Fragrances
- Essential Oils
- Aroma Chemicals
- Esters
- Ethyl Acetate
- Benzyl Acetate
- Ethyl Benzoate
- Methyl Decanoate
- Others
- Alcohols
- Lauryl Alcohol
- Menthol
- Others
- Aldehydes
- Benzaldehyde
- Vanillin
- Others
- Phenols
- Ethylvanillin
- Others
- Terpenes
- Limonene
- Camphor
- Eucalyptol
- Others
- Other Aroma Chemicals
- Esters
- Natural Flavors & Fragrances
- Global Flavors And Fragrances Application Outlook (Revenue, USD Million, 2018-2030)
- Flavors
- Confectionery
- Convenience Food
- Bakery Food
- Dairy Food
- Beverages
- Animal Feed
- Others
- Fragrances
- Fine Fragrances
- Cosmetics & Toiletries
- Soaps & Detergents
- Aromatherapy
- Others
- Flavors
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Target buyers of Global flavors and fragrances market databook
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Our clientele includes a mix of flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global flavors and fragrances market , including forecasts for subscribers. This global databook contains high-level insights into Global flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global flavors and fragrances market size, by regions, 2018-2030 (US$M)
Top 10 countries: Flavors and fragrances market size, 2022 (US$M)
Global flavors and fragrances market share, by product, 2022 & 2030 (%, US$M)
Flavors and fragrances market: Opportunity assessment by country
Global flavors and fragrances market, by region, 2022 (US$M)
Related regional statistics
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