Portugal Natural Flavors And Fragrances Market Size & Outlook
Portugal natural flavors and fragrances market, 2018-2030 (US$M)
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Portugal natural flavors and fragrances market highlights
- The Portugal natural flavors and fragrances market generated a revenue of USD 60.0 million in 2022 and is expected to reach USD 67.6 million by 2030.
- The Portugal market is expected to grow at a CAGR of 1.5% 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 60.0 million |
| Market revenue in 2030 | USD 67.6 million |
| Growth rate | 1.5% (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, Portugal accounted for 0.3% 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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Portugal 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 87.5% in 2022. Horizon Databook has segmented the Portugal natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
In Portugal, the growing acceptance of products derived from plant extracts is expected to primarily contribute to the growth of the natural flavors and fragrances market. Consumers are increasingly becoming aware of the benefits of using organic products and thus, are willing to spend more.
Rising demand for essential oils such as orange, rose, peppermint, and lavender for perfumery and personal care applications is expected to drive the market growth. Aromatherapy is gaining popularity in the country owing to the expanding geriatric population and rising health concerns.
Products such as aromatherapy soaps, diffusers, and incense sticks are also gaining popularity among consumers, which is expected to positively influence the demand for natural fragrances 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 Portugal natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Portugal natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Portugal natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Portugal Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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