China Flavors And Fragrances Market Size & Outlook
China flavors and fragrances market, 2018-2030 (US$M)
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China flavors and fragrances market highlights
- The China flavors and fragrances market generated a revenue of USD 2,362.3 million in 2022 and is expected to reach USD 4,414.0 million by 2030.
- The China market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, natural flavors & fragrances was the largest revenue generating product in 2022.
- Natural Flavors & Fragrances is the most lucrative product segment registering the fastest growth during the forecast period.
Flavors and fragrances market data book summary
| Market revenue in 2022 | USD 2,362.3 million |
| Market revenue in 2030 | USD 4,414.0 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
| Key market players worldwide | Sensient Technologies Corp, MANE, Takasago International Corp, Alpha Aromatics, Ozone Naturals, Elevance Renewable Sciences, DSM Firmenich AG, Symrise AG, Vigon International, Basf SE, Indo World, Akay, Ungerer & Company, Synthite, Flavex Naturextrakte, DoTERRA, Young Living, Biolandes, International Flavors & Fragrances Inc, Givaudan SA |
Other key industry trends
- In terms of revenue, China accounted for 8.1% of the global flavors and fragrances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,414.0 million by 2030.
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 76% in 2022. Horizon Databook has segmented the China flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the fastest-growing economies across the globe. The country is projected to witness strong economic growth on account of technological development, burgeoning population, and the availability of low-cost labor and ample raw materials. Manufacturers in the region are focusing on providing more refined offerings in the existing product segment and developing new products.
Technological advancements in the extraction process coupled with the easy availability of raw materials are expected to play a crucial role in the growth of flavors & fragrances market in the country. Ascending demand for consumer goods is directly related to the population growth and rising income standards.
A shift in consumer preferences from synthetic to natural products is further boosting the growth of China essential oils market. Flavors segment is growing rapidly in China owing to high demand for meat flavors. Moreover, the growing population specially youth, is one of the major factors contributing to the increasing demand for cosmetics and personal care market in the Asia Pacific region.
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Target buyers of China 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 country-level data and insights on the China flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into China flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China flavors and fragrances market size, by product, 2018-2030 (US$M)
China Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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