Japan Natural Flavors And Fragrances Market Size & Outlook
Japan natural flavors and fragrances market, 2018-2030 (US$M)
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Japan natural flavors and fragrances market highlights
- The Japan natural flavors and fragrances market generated a revenue of USD 1,167.2 million in 2022 and is expected to reach USD 1,908.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 6.3% 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 1,167.2 million |
| Market revenue in 2030 | USD 1,908.3 million |
| Growth rate | 6.3% (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, Japan accounted for 5.4% 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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Japan 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 84.47% in 2022. Horizon Databook has segmented the Japan natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for natural flavors & fragrances is expected to rise significantly owing to high disposable income of consumers in Japan enabling them to spend more on luxury personal care products. The demand for local cosmetic brands and products in Japan is likely to drive market growth.
Companies are heavily focusing on creating products to satisfy the individual needs and preferences of the growing consumer base. Key players are focusing on expanding their product line by adding unique and exotic flavors which will further fuel the market.
Further, the increasing prevalence of health issues and consumer awareness regarding the benefits of essential oils are factors projected to propel the demand for essential oils in the country over the coming years. The growing aging population in the country is further boosting the demand for essential oils, which is projected to drive market growth over the forecast period.
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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 Japan natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Japan natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Japan Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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