India Natural Flavors And Fragrances Market Size & Outlook
India natural flavors and fragrances market, 2018-2030 (US$M)
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India natural flavors and fragrances market highlights
- The India natural flavors and fragrances market generated a revenue of USD 1,667.6 million in 2022 and is expected to reach USD 3,072.4 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Oleoresins 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 1,667.6 million |
| Market revenue in 2030 | USD 3,072.4 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Oleoresins |
| 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, India accounted for 7.7% 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.
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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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India 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 87.37% in 2022. Horizon Databook has segmented the India natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
India is home to the world’s largest young population and is characterized by the growing popularity of organic/natural ingredients-based products, be it in food and beverages, or personal care products, which has driven many companies to go natural by adopting innovative ideas and revising their recipes incorporating natural ingredients.
The growth of natural flavors & fragrances is primarily attributed to the early acceptance of plant-based products in the domestic market. Growing application scope of essential oils in the country is likely to create opportunities for manufacturers to expand their business and explore untapped domestic markets in the country.
Consumers are becoming increasingly aware of the benefits of using organic products and are willing to spend a higher price for the same. The demand for specialized products and premium international brands is witnessing stable growth owing to rising brand consciousness among the middle class as well as their ability to spend more.
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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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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 India natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into India natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India natural flavors and fragrances market size, by product, 2018-2030 (US$M)
India Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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