Colombia Flavors And Fragrances Market Size & Outlook
Colombia flavors and fragrances market, 2018-2030 (US$M)
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Colombia flavors and fragrances market highlights
- The Colombia flavors and fragrances market generated a revenue of USD 86.8 million in 2022 and is expected to reach USD 99.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 1.8% 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 86.8 million |
| Market revenue in 2030 | USD 99.9 million |
| Growth rate | 1.8% (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, Colombia accounted for 0.3% 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 Latin America, Brazil flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,849.1 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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Colombia 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 71.66% in 2022. Horizon Databook has segmented the Colombia flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for flavors and fragrances in Colombia is primarily driven by their increasing use in several end-use industries. For instance, cosmetics and toiletries sectors in the region are witnessing a strong product demand owing to the increasing awareness among consumers about health, beauty, and hygiene.
However, the declining financial aid as well as lack of initiatives from the government, slowed down economic growth in the country, which has emerged as the major factor restricting the market growth. The country is a significant consumer of beverages.
The consumption is ascending at a healthy growth rate and is attracting the flavor & fragrance companies to focus on food & beverage industry in the country. This trend signifies that the growth in key end-use industries and an increase in economic and industrial activities in the country are projected to drive the market over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Colombia flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia flavors and fragrances market size, by product, 2018-2030 (US$M)
Colombia Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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