Colombia Natural Flavors And Fragrances Market Size & Outlook

The natural flavors and fragrances market in Colombia is expected to reach a projected revenue of US$ 54.9 million by 2030. A compound annual growth rate of 2.2% is expected of Colombia natural flavors and fragrances market from 2023 to 2030.
Revenue, 2022 (US$M)
$46.1
Forecast, 2030 (US$M)
$54.9
CAGR, 2023 - 2030
2.2%
Report Coverage
Colombia

Colombia natural flavors and fragrances market highlights

  • The Colombia natural flavors and fragrances market generated a revenue of USD 46.1 million in 2022 and is expected to reach USD 54.9 million by 2030.
  • The Colombia market is expected to grow at a CAGR of 2.2% 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 2022USD 46.1 million
Market revenue in 2030USD 54.9 million
Growth rate2.2% (CAGR from 2022 to 2030)
Largest segmentEssential oils
Fastest growing segmentEssential Oils
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEssential Oils, Oleoresins
Key market players worldwideMANE, 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, Colombia accounted for 0.2% 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 Latin America, Brazil natural flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,373.9 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 segmentation & scope
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
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others

Natural Flavors And Fragrances Market Companies

Name Profile # Employees HQ Website

Colombia 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 84.6% in 2022. Horizon Databook has segmented the Colombia natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.


The rise in demand for natural flavors and fragrances in Colombia is expected to propel further over the forecast period due to rising application in bakery and confectionery products. The most commonly used natural flavors are vanilla and coffee.

Additionally, the availability of specific raw materials to produce natural flavors has benefitted the country. According to Trade Map data, Colombia was the 3rd largest coffee exporter in the world. As a result, natural coffee flavors are extensively used throughout the country in many food and beverage preparations. Such factors are responsible for the growth of market in the country.

Reasons to subscribe to Colombia 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 Colombia 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 Colombia natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Colombia natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Colombia natural flavors and fragrances market size, by product, 2018-2030 (US$M)

Colombia Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)

Colombia natural flavors and fragrances market size, by product, 2018-2030 (US$M)

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.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more