Spain Natural Flavors And Fragrances Market Size & Outlook
Spain natural flavors and fragrances market, 2018-2030 (US$M)
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Spain natural flavors and fragrances market highlights
- The Spain natural flavors and fragrances market generated a revenue of USD 354.3 million in 2022 and is expected to reach USD 433.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.6% 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 354.3 million |
| Market revenue in 2030 | USD 433.5 million |
| Growth rate | 2.6% (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, Spain accounted for 1.6% 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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Spain 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 84.56% in 2022. Horizon Databook has segmented the Spain natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing product demand from the food & beverage industry in the country can be attributed to the market growth of natural flavors & fragrances. The strong presence of food & beverage industry in the country along with changing standards of living of the consumers has contributed to the growth of the natural flavors and fragrances market.
The rising demand for chemical-free cosmetics in the country has forced cosmetic manufacturers to utilize naturally derived fragrances as a substitute for conventional chemicals. This trend is expected to largely benefit market growth over the forecast period.
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Target buyers of Spain natural flavors and fragrances market databook
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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 Spain natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Spain natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Spain Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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