Global Natural Flavors And Fragrances Market Size & Outlook
Global natural flavors and fragrances market, 2018-2030 (US$M)
Related Markets
Global natural flavors and fragrances market highlights
- The global natural flavors and fragrances market generated a revenue of USD 21,777.8 million in 2022 and is expected to reach USD 33,864.1 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 5.7% by 2030.
- In terms of segment, essential oils accounted for a revenue of USD 18,825.3 million in 2022.
- Essential Oils is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Portugal is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 21,777.8 million |
| Market revenue in 2030 | USD 33,864.1 million |
| Growth rate | 5.7% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Essential Oils |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential Oils, Oleoresins |
Other key industry trends
- In terms of revenue, the North America accounted for 22.7% of the global natural flavors and fragrances market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Portugal is the fastest growing regional market and is projected to reach USD 67.6 million by 2030.
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Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global natural 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 natural flavors and fragrances market will help companies and investors design strategic landscapes.
Essential oils was the largest segment with a revenue share of 86.44% in 2022. Horizon Databook has segmented the Global natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Natural Flavors And Fragrances Product Outlook (Revenue, USD Million, 2018-2030)
- Esters
- Ethyl acetate
- Benzyl Acetate
- Ethyl benzoate
- Methyl Decanoate
- Others
- Alcohols
- Lauryl Alcohol
- Menthol
- Others
- Aldehydes
- Benzaldehyde
- Vanillin
- Others
- Phenols
- Ethylvanillin
- Others
- Terpenes
- Limonene
- Camphor
- Eucalyptol
- Others
- Essential Oils
- Orange
- Limonene
- Myrcene
- Others
- Corn Mint
- Menthol
- Menthone
- Others
- Eucalyptus
- Limonene
- Citral
- Others
- Pepper Mint
- Menthol
- Menthone
- Others
- Lemon
- Pinene
- Limonene
- Camphene
- Citronella
- Citronellal
- Others
- Patchouli
- Patchouli Alcohol
- Others
- Clove
- Eugenol
- Others
- Ylang Ylang
- Lavender
- Linalyl Acetate
- Others
- Others
- Orange
- Oleoresins
- Paprika
- Piperine
- Others
- Black Pepper
- Piperine
- Others
- Turmeric
- Curcumin
- Others
- Ginger
- Gingerol
- Others
- Others
- Paprika
- Others
- Esters
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Target buyers of Global natural flavors and fragrances market databook
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Our clientele includes a mix of natural flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global natural flavors and fragrances market , including forecasts for subscribers. This global databook contains high-level insights into Global natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global natural flavors and fragrances market size, by region, 2018-2030 (US$M)
Top 10 countries: Natural flavors and fragrances market size, 2022 (US$M)
Global natural flavors and fragrances market share, by product, 2022 & 2030 (%, US$M)
Natural flavors and fragrances market: Opportunity assessment by country
Global natural flavors and fragrances market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,553.4 | 2,706.4 | 2,867.9 | 3,038.4 | 3,234.0 | 3,451.3 | 3,696.5 | 3,973.4 | 4,259.4 | 4,578.5 | 4,880.5 | 5,224.6 | 5,613.3 | 6.9% |
| Europe | 4,415.5 | 4,518.2 | 4,621.3 | 4,724.6 | 4,851.1 | 4,992.8 | 5,155.5 | 5,340.9 | 5,509.7 | 5,701.5 | 5,851.3 | 6,024.4 | 6,221.9 | 3.3% |
| North America | 4,434.7 | 4,552.9 | 4,673.2 | 4,794.9 | 4,942.1 | 5,106.9 | 5,295.6 | 5,510.2 | 5,710.0 | 5,937.4 | 6,124.9 | 6,340.0 | 6,584.9 | 3.6% |
| MEA | 1,624.3 | 1,710.8 | 1,801.8 | 1,897.5 | 2,007.7 | 2,130.3 | 2,268.8 | 2,425.4 | 2,582.7 | 2,760.5 | 2,928.1 | 3,117.6 | 3,331.6 | 6.7% |
| Asia Pacific | 5,207.5 | 5,551.7 | 5,916.1 | 6,302.1 | 6,742.9 | 7,232.5 | 7,784.5 | 8,407.5 | 9,043.2 | 9,760.7 | 10,452.2 | 11,232.1 | 12,112.5 | 7.8% |
| Overall | 18,235.3 | 19,039.9 | 19,880.3 | 20,757.5 | 21,777.8 | 22,913.7 | 24,200.9 | 25,657.4 | 27,105.0 | 28,738.6 | 30,237.1 | 31,938.6 | 33,864.1 | 5.7% |
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