Flavors and Fragrances Market Size, Share & Industry Analysis, By Type (Flavors {Natural and Synthetic} and Fragrances {Natural and Synthetic}) By Application (Food & Beverage, Cosmetics & Personal Care, Pharmaceutical, Home & Floor Care, Fine Fragrances, and others) and Regional Forecasts, 2020-2029 (Includes COVID-19 Business Impact)

                                          
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This report focuses on the Flavors and Fragrances market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Flavors and Fragrances market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.


Global Flavors and Fragrances Market: Segment Analysis


The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.


Global Flavors and Fragrances Market: Regional Analysis


The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.


Global Flavors and Fragrances Market: Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.
List of Companies Profiled

Key Market Players to Strengthen their Position in the Flavors and Fragrances Market by using Acquisition and Expansion Strategies

The flavors and fragrances market is dominatd by a very few, large enterprises, making the market a consolidated one. Some of the key market players are Givaudan, International Flavors and Fragrances (IFF), Symrise AG, and Firmenich SA. These four stakeholders hold about 50% flavors and fragrances market. The key companies in the market have employed a mix of organic and inorganic growth strategies. Givaudan has acquired over five companies since 2018, while Firmenich has started building a new plant in China in 2019.

The key market players have increased their focus on product development to create multiple formulations to match the requirement of their customers. IFF offers over 90,000 individual products to their customers present in over 190 countries. Givaudan, on the other hand, has set up 64 production sites across the globe to suffice to the needs of the consumers in over 145 countries. The flavors and fragrances market manufacturers are employing their experience and expertise to capture the smallest of white space in the market.

List Of Key COMPANIES Covered:

  
Givaudan
  
International Flavors and Fragrances (IFF)
  
Symrise AG
  
Robertet Group
  
Kerry Group plc
  
Sensient Technologies
  
Firmenich SA
  
Takasago International Corp
  
T. Hasegawa Co., Ltd.
  
Mane
  
Archer Daniels Midland Company
  
Solvay S.A.
  
Other Key Players

REPORT COVERAGE
A growing trend is observed in the penetration of the flavors and fragrances market for various applications such as food & beverages, cosmetics, personal care, pharmaceutical, fine fragrances, and others.

An Infographic Representation of Flavors and Fragrances Market

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The report provides qualitative and quantitative insights on the flavors and fragrances market and detailed analysis of market size & growth rate for all possible segments in the market. The flavors and fragrances market is segmented by type, application, and geography. Based on the type, the market is classified into flavors and fragrances, which are further individually bifurcated into natural and synthetic. On the basis of application, the flavors and fragrances market is divided into food & beverages, cosmetics & personal care, pharmaceutical, home & floor care, fine fragrances, and others. Geographically, the flavors and fragrances market has been analyzed across five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. These regions are further categorized into countries.
Along with this, the report provides an elaborative analysis of the global flavors and fragrances market dynamics and competitive landscape. Various key insights presented in the report are the price trend analysis, recent industry developments in the global flavors and fragrances market, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape, and company profiles.

Report Scope & Segmentation

 

Segmentation

By Type

  
Flavors
  
Natural
  
Synthetic
  
Fragrances
  
Natural
  
Synthetic

By Application

  
Food & Beverages
  
Cosmetics & Personal Care
  
Pharmaceutical
  
Home & Floor Care
  
Fine Fragrances
  
Others

By Geography

  
North America (the U.S., and Canada)
  
Europe (UK, France, Spain, Germany, Italy, and the Rest of Europe)
  
Asia Pacific (China, India, Japan, Southeast Asia, Australia & New Zealand, and the Rest of Asia Pacific)
  
Latin America (Brazil, Mexico, Argentina, and theRest of Latin America)
  
Middle East & Africa (South Africa, GCC, Turkey, and the Rest of Middle East & Africa)

Key Industry Developments

In March 2019, Firmenich planned to open the largest flavor manufacturing plant in the Zhangjiagang Free Trade Zone in Jiangsu province, China. The company invested USD 75 million in the first phase of the new plant with an annual capacity of 12 KT. With this expansion, the company expects to serve its consumers in China with a wide range of local flavors for use in products like dairy drinks, tea and noodles.

In September 2019, BASF entered the natural flavors and fragrances market, with the acquisition of Isobionics and making a cooperation agreement with Conagen. Isobionics is an aroma biotech innovation company and Conagen is a key company in biotechnology research. This development will help the company to broaden its portfolio with natural ingredients such as vanillin, nootkatone and valencene.

In August 2019, Givaudan acquired Fragrance Oils a manufacturer and marketer of innovative speciality fragrances used in fine fragrances, personal and home care applications from UK. This would strengthen the companys position in the domestic and regional flavors and fragrances market.