Global Flavors And Fragrances Market Size & Outlook
The flavors and fragrances industry worldwide is expected to reach a projected revenue of US$ 44,441.7 million by 2030. A compound annual growth rate of 5.4% is expected of the worldwide flavors and fragrances industry from 2023 to 2030.
Revenue, 2022 (US$M)
$29,087.4
Forecast, 2030 (US$M)
$44,468.6
CAGR, 2023 - 2030
5.4%
Report Coverage
Worldwide
Global flavors and fragrances market, 2018-2030 (US$M)
Related Markets
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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Flavors And Fragrances Market Scope
Flavors and fragrances market segmentation & scope
Limonene
Myrcene
Others
Menthol
Menthone
Others
Limonene
Citral
Others
Menthol
Menthone
Others
Pinene
Limonene
Camphene
Citronellal
Others
Patchouli Alcohol
Others
Eugenol
Others
Linalyl Acetate
Others
Ylang Ylang
Other Essential Oils
Piperine
Others
Piperine
Others
Curcumin
Others
Gingerol
Others
Other Oleoresins
Other Natural Flavors & Fragrances
Ethyl Acetate
Benzyl Acetate
Ethyl Benzoate
Methyl Decanoate
Others
Lauryl Alcohol
Menthol
Others
Benzaldehyde
Vanillin
Others
Ethylvanillin
Others
Limonene
Camphor
Eucalyptol
Others
Other Aroma Chemicals
Confectionery
Convenience Food
Bakery Food
Dairy Food
Beverages
Animal Feed
Others
Fine Fragrances
Cosmetics & Toiletries
Soaps & Detergents
Aromatherapy
Others
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
Reasons to subscribe to Global flavors and fragrances market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global flavors and fragrances market databook
-
Our clientele includes a mix of flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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.
Partial client list
Global flavors and fragrances market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Flavors and fragrances market size, 2022 (USD Million)
Top 10 countries: Flavors and fragrances market size, 2022 (USD Million)
Global flavors and fragrances market, by region, 2022 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
