Latin America Flavors And Fragrances Market Size & Outlook
Latin America flavors and fragrances market, 2018-2030 (US$M)
Related Markets
Latin America flavors and fragrances market highlights
- The Latin America flavors and fragrances market generated a revenue of USD 4,362.1 million in 2022.
- The market is expected to grow at a CAGR of 6.8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4,362.1 million |
| Market revenue in 2030 | USD 7,396.4 million |
| Growth rate | 6.8% (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, Latin America region accounted for 15.0% 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 |
|---|
Latin America 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 Latin America flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
The regional demand is primarily driven by Brazil and Argentina, which are the major countries for beverage consumption in term of per capita consumption across the globe. Fragrances, cosmetics, and toiletries sectors in this region are witnessing a strong product demand owing to increasing awareness among consumers regarding health, beauty, and hygiene.
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Target buyers of Latin America flavors and fragrances market databook
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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 continent-level data and insights on the Latin America flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America flavors and fragrances market size, by country, 2018-2030 (US$M)
Latin America Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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