Saudi Arabia Flavors And Fragrances Market Size & Outlook
Saudi Arabia flavors and fragrances market, 2018-2030 (US$M)
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Saudi Arabia flavors and fragrances market highlights
- The Saudi Arabia flavors and fragrances market generated a revenue of USD 337.3 million in 2022 and is expected to reach USD 601.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.5% 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 337.3 million |
| Market revenue in 2030 | USD 601.7 million |
| Growth rate | 7.5% (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, Saudi Arabia accounted for 1.2% 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 Middle East & Africa, Saudi Arabia flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 601.7 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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Saudi Arabia 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 70.8% in 2022. Horizon Databook has segmented the Saudi Arabia flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for natural fragrances and flavors is driven by rising application of the products in perfumery formulations. Arab perfumes are famous around the world and trace back to the history. The demand for Arab perfumes is on the rise in regional as well as international markets.
These perfumes are derived from traditional natural elements such as jasmine, amber, musk, henna, sandalwood, saffron, and oud. These natural ingredients are very crucial in Arabic perfume making.
There has been an increase in the demand for natural fragrance ingredients to be used in perfume making in the regional along with global market due to its traditional fragrance and richness. Such factors are expected to drive the market growth.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia flavors and fragrances market size, by product, 2018-2030 (US$M)
Saudi Arabia Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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