UK Natural Flavors And Fragrances Market Size & Outlook
UK natural flavors and fragrances market, 2018-2030 (US$M)
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UK natural flavors and fragrances market highlights
- The UK natural flavors and fragrances market generated a revenue of USD 847.7 million in 2022 and is expected to reach USD 1,114.0 million by 2030.
- The UK market is expected to grow at a CAGR of 3.5% 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 847.7 million |
| Market revenue in 2030 | USD 1,114.0 million |
| Growth rate | 3.5% (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, UK accounted for 3.9% 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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UK 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 78.42% in 2022. Horizon Databook has segmented the UK natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a well-developed food & beverage industry and well-informed consumers has emerged as the major factor propelling the demand for essential oil and floral extracts in the country. According to Food and Drink Federation (FDF), the food & beverage sector contributed 20% of the total UK manufacturing sector in 2020.
In the UK, the majority of the population is seeking a healthy lifestyle. Due to this, aromatherapy and other natural remedies are becoming increasingly popular as a means to a healthy lifestyle. Several companies are developing cosmetic products infused with essential oils and marketing them as products with aromatherapy benefits.
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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 UK natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into UK natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK natural flavors and fragrances market size, by product, 2018-2030 (US$M)
UK Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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