Germany Natural Flavors And Fragrances Market Size & Outlook
Germany natural flavors and fragrances market, 2018-2030 (US$M)
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Germany natural flavors and fragrances market highlights
- The Germany natural flavors and fragrances market generated a revenue of USD 1,216.7 million in 2022 and is expected to reach USD 1,665.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 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 1,216.7 million |
| Market revenue in 2030 | USD 1,665.5 million |
| Growth rate | 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, Germany accounted for 5.6% 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 Europe, Germany natural flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,665.5 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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Germany 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 83.9% in 2022. Horizon Databook has segmented the Germany natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The German economy is considered diverse and is the largest economy in Europe. Growth in the GDP and expanding population are projected to boost the growth of various sectors including food & beverage, medical services, and spa, which are the key end users of essential oils.
An increase in the disposable income of consumers and growing demand for premium healthcare products in the country is anticipated to boost the product demand over the coming years. Further, strengthening consumer spending power is driving the consumption of premium and specialized food products, as consumers are looking for higher nutritional value rather than only refreshments.
Increasing competitiveness in the country owing to the rising number of market players is projected to drive the essential oils & floral extracts market over the forecast period. Moreover, the presence of established market players in the country including Givaudan, Symrise, MANE, and Bell Flavors & Fragrances is expected to positively the market growth.
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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 country-level data and insights on the Germany natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Germany natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Germany Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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