Colombia Natural Flavors And Fragrances Market Size & Outlook
Colombia natural flavors and fragrances market, 2018-2030 (US$M)
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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 2022 | USD 46.1 million |
| Market revenue in 2030 | USD 54.9 million |
| Growth rate | 2.2% (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, 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.
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Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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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.
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Target buyers of Colombia 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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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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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.
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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)
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