Japan Flavors And Fragrances Market Size & Outlook
Japan flavors and fragrances market, 2018-2030 (US$M)
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Japan flavors and fragrances market highlights
- The Japan flavors and fragrances market generated a revenue of USD 1,574.9 million in 2022 and is expected to reach USD 2,513.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 6% 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 1,574.9 million |
| Market revenue in 2030 | USD 2,513.1 million |
| Growth rate | 6% (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, Japan accounted for 5.4% 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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Japan 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 72.6% in 2022. Horizon Databook has segmented the Japan flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
Aroma chemicals market in Japan is growing rapidly owing to increase in consumers demands for sushi and seafood flavors. Accounting the regional and exotic taste preferences of the consumers in Japan, key player such as Nestle has introduced more than 300 flavors for the confectionery market in Japan. Key players are focusing on expanding their product line by adding unique and exotic flavors which will further fuel the market.
The demand for flavors & fragrances is expected to rise significantly owing to the disposable income of consumers Japan enabling them to spend high on luxury personal care products. The demand for local cosmetic brand and products in Japan is likely to drive the fragrance market which will further fuel the aroma chemical market in Japan.
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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 Japan flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Japan flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan flavors and fragrances market size, by product, 2018-2030 (US$M)
Japan Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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