China Natural Flavors And Fragrances Market Size & Outlook
China natural flavors and fragrances market, 2018-2030 (US$M)
Related Markets
China natural flavors and fragrances market highlights
- The China natural flavors and fragrances market generated a revenue of USD 1,831.4 million in 2022 and is expected to reach USD 3,492.5 million by 2030.
- The China market is expected to grow at a CAGR of 8.4% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Essential Oils is the most lucrative product segment registering the fastest growth during the forecast period.
Natural flavors and fragrances market data book summary
| Market revenue in 2022 | USD 1,831.4 million |
| Market revenue in 2030 | USD 3,492.5 million |
| Growth rate | 8.4% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Essential Oils |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential Oils, Oleoresins |
| Key market players worldwide | MANE, Blue Pacific Solar, Biolandes, Young Living, Basf SE, Symrise AG, Falcon Oil & Gas Ltd, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Flavex Naturextrakte, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, China accounted for 8.4% of the global natural 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 natural 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 3,492.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 86.64% in 2022. Horizon Databook has segmented the China natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
China is projected to witness strong economic growth on account of technological development, burgeoning population, and the availability of low-cost labor and ample raw materials. Manufacturers in the country are focusing on providing more refined offerings in the existing product segment and developing new products.
A shift in consumer preferences from synthetic to natural products is further boosting the growth of the natural flavors & fragrances market. Moreover, the growing population, especially youth, is one of the major factors contributing to the increasing demand for cosmetics and personal care products in the Asia Pacific region, thus further triggering the market demand.
The increasing middle-class population along with increased purchasing power and rising attention on food safety and quality are considered to be the reasons driving the Chinese food & beverage sector. Furthermore, a shift in consumer preferences from carbonated drinks toward soda-free healthy drinks is reshaping the beverage industry in the country.
Reasons to subscribe to China natural flavors and fragrances market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China natural flavors and fragrances market databook
-
Our clientele includes a mix of natural flavors and fragrances market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 China natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into China natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China natural flavors and fragrances market size, by product, 2018-2030 (US$M)
China Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
