Europe Flavors And Fragrances Market Size & Outlook
Europe flavors and fragrances market, 2018-2030 (US$M)
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Europe flavors and fragrances market highlights
- The Europe flavors and fragrances market generated a revenue of USD 6,329.5 million in 2022.
- The market is expected to grow at a CAGR of 2.9% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 6,329.5 million |
| Market revenue in 2030 | USD 7,965.1 million |
| Growth rate | 2.9% (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 |
| 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, Europe region accounted for 21.8% of the global flavors and fragrances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,005.5 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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Europe 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 74.84% in 2022. Horizon Databook has segmented the Europe flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
Europe being a developed economy with high standard of living in comparison with Asia Pacific and other developing regions are the major factors propelling the demand for F&F ingredients which, in turn, is anticipated to drive the regional market.
The strong presence of food & beverage industry in the region, coupled with high disposable income and high standards of living, has contributed positively to the industry growth. Cosmetics is a major application segment of natural fragrances. The rising demand for chemical-free cosmetics in the region has forced cosmetic manufacturers to utilize essential oils as a substitute for conventional chemicals.
Vast growth in the end-use industries and presence of major manufacturing companies and such as cosmetics, perfumery, personal care and fine fragrances are driving the growth of aroma chemicals market in this region. This trend is estimated to continue over the forecast period due to the growing demand in fragrance industries.
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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 continent-level data and insights on the Europe flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Europe flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe flavors and fragrances market size, by country, 2018-2030 (US$M)
Europe Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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