Portugal Flavors And Fragrances Market Size & Outlook
Portugal flavors and fragrances market, 2018-2030 (US$M)
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Portugal flavors and fragrances market highlights
- The Portugal flavors and fragrances market generated a revenue of USD 81.0 million in 2022 and is expected to reach USD 89.2 million by 2030.
- The Portugal market is expected to grow at a CAGR of 1.2% 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 81.0 million |
| Market revenue in 2030 | USD 89.2 million |
| Growth rate | 1.2% (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, Portugal accounted for 0.3% 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 Europe, Germany flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,055.0 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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Portugal 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 72.59% in 2022. Horizon Databook has segmented the Portugal flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
In Portugal, the early acceptance of products derived from plant extracts is expected to primarily contribute to the growth of flavors and fragrances market. Growing application base of essential oils in the country is projected to create opportunities for flavor and fragrance manufacturers to expand their businesses and explore the untapped domestic market in the country.
In addition, consumers are increasingly becoming aware of the benefits of using organic products and thus, are willing to spend more. Furthermore, essential oils are extensively used in manufacturing fragrances. Rising demand for essential oils such as orange, rose, peppermint, and lavender for perfumery and personal care applications is expected to drive the market over the forecast period.
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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 Portugal flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Portugal flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Portugal flavors and fragrances market size, by product, 2018-2030 (US$M)
Portugal Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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