India Flavors And Fragrances Market Size & Outlook
India flavors and fragrances market, 2018-2030 (US$M)
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India flavors and fragrances market highlights
- The India flavors and fragrances market generated a revenue of USD 2,179.2 million in 2022 and is expected to reach USD 3,962.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.8% 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 2,179.2 million |
| Market revenue in 2030 | USD 3,962.9 million |
| Growth rate | 7.8% (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, India accounted for 7.5% 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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India 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 75% in 2022. Horizon Databook has segmented the India flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, India emerged as one of the prominent markets for flavors & fragrances. The growth is primarily attributed to early acceptance of plant extract-based products in the domestic market. Growing application base of essential oils & aroma chemicals in the country is likely to create opportunities for manufacturers to expand their business and explore untapped domestic markets in the country.
The demand for aroma chemicals is estimated to increase in India owing to rising demand from manufacturing companies for the production of soap & detergents and home care products. The high spending power of the consumers in the country is another factor that is contributing to the growth of the aroma chemicals market in India.
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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 country-level data and insights on the India flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into India flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India flavors and fragrances market size, by product, 2018-2030 (US$M)
India Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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