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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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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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)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,907.0 | 6,055.1 | 6,205.2 | 6,357.2 | 6,542.3 | 6,750.1 | 6,988.7 | 7,260.9 | 7,512.7 | 7,799.9 | 8,034.1 | 8,303.6 | 8,611.4 | 3.5% |
| Europe | 5,816.0 | 5,937.2 | 6,058.3 | 6,179.0 | 6,329.5 | 6,499.0 | 6,695.1 | 6,919.6 | 7,120.5 | 7,350.8 | 7,526.5 | 7,730.7 | 7,965.1 | 2.9% |
| Asia Pacific | 7,091.1 | 7,540.5 | 8,015.1 | 8,516.4 | 9,089.0 | 9,724.5 | 10,440.4 | 11,247.9 | 12,068.2 | 12,993.4 | 13,879.7 | 14,878.6 | 16,005.5 | 7.3% |
| Latin America | 3,481.7 | 3,680.3 | 3,889.4 | 4,109.5 | 4,362.1 | 4,642.7 | 4,959.2 | 5,316.5 | 5,677.0 | 6,083.9 | 6,469.6 | 6,904.9 | 7,396.4 | 6.8% |
| MEA | 2,260.9 | 2,374.9 | 2,494.4 | 2,619.8 | 2,764.5 | 2,925.3 | 3,107.2 | 3,312.7 | 3,518.1 | 3,750.4 | 3,967.5 | 4,212.9 | 4,490.2 | 6.3% |
| Overall | 24,556.8 | 25,587.9 | 26,662.3 | 27,781.9 | 29,087.5 | 30,541.6 | 32,190.7 | 34,057.5 | 35,896.4 | 37,978.4 | 39,877.4 | 42,030.7 | 44,468.6 | 5.5% |
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