Indonesia Flavors And Fragrances Market Size & Outlook
Indonesia flavors and fragrances market, 2018-2030 (US$M)
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Indonesia flavors and fragrances market highlights
- The Indonesia flavors and fragrances market generated a revenue of USD 546.9 million in 2022 and is expected to reach USD 996.0 million by 2030.
- The Indonesia 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 546.9 million |
| Market revenue in 2030 | USD 996.0 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, Indonesia accounted for 1.9% 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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Indonesia 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 73.6% in 2022. Horizon Databook has segmented the Indonesia flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
Growing demand for flavors from food & beverage and medical industries coupled with increasing health concerns is expected to drive the market in the country over the forecast period. The shift in trend toward reduced reliance on artificial compounds and synthetic materials in personal care products is expected to have a positive impact on the growth of flavors and fragrances market in Indonesia over the forecast period.
Innovation in product offerings, ascending use of natural & organic ingredients in food & beverage and cosmetics industries and increasing awareness regarding various health-related issues among consumers are some of the major factors contributing to the expansion of the flavors and fragrances market in the country.
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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 Indonesia flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Indonesia flavors and fragrances market size, by product, 2018-2030 (US$M)
Indonesia Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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