Europe Natural Flavors And Fragrances Market Size & Outlook
Europe natural flavors and fragrances market, 2018-2030 (US$M)
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Europe natural flavors and fragrances market highlights
- The Europe natural flavors and fragrances market generated a revenue of USD 4,851.1 million in 2022.
- The market is expected to grow at a CAGR of 3.2% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 4,851.1 million |
| Market revenue in 2030 | USD 6,221.9 million |
| Growth rate | 3.2% (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 |
| 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, Europe region accounted for 22.3% of the global natural flavors and fragrances market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,112.5 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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Europe 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 83.4% in 2022. Horizon Databook has segmented the Europe natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The flavors & fragrances market in Europe is growing on the account of different factors such as high disposable income, the developing food & beverage industry, and rising standards of living among others. Cosmetics is a major application segment for essential oils.
The rising demand for chemical-free cosmetics in Europe has forced cosmetic manufacturers to utilize essential oils as a substitute for conventional chemicals. These trends are benefitting the regional demand. The region is characterized by a high obesity rate, which, in turn, is driving the healthcare industry.
Ongoing advancements in this industry across the region are projected to boost the growth of the flavors & fragrances market in Europe over the coming years. In Europe, aromatherapy is a major application of essential oils. France, Austria, the UK, the Netherlands, Germany, and Switzerland are the major markets for aromatherapy, which is used for therapeutic purposes.
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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 continent-level data and insights on the Europe natural flavors and fragrances market , including forecasts for subscribers. This continent databook contains high-level insights into Europe natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe natural flavors and fragrances market size, by country, 2018-2030 (US$M)
Europe Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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