Report Highlights
The global flavour and fragrance market totaled $23.9 billion in 2013. This market is expected to grow to $25.3 billion in 2014 and $35.5 billion in 2019, a compound annual growth rate (CAGR) of 5.8%.
Report Includes
- An overview of the global markets for flavors and fragrances.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Analysis of recent technology developments.
- Identification of demand drivers.
- Information on the consumption of flavors and fragrances in different end-use sectors.
- Projections of future demand including application regional segments of the market.
- Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
- Analysis of developments in the structure of the flavor and fragrance industry.
- Comprehensive company profiles of major players in the field.
Report Scope
This market report organizes information from diverse sources into a cohesive unit that compares natural and synthetic ingredients as well as analyzes the use of raw materials, the flavor and fragrance value chain and Porter’s five forces.
BCC Research analyzed key categories, applications and regions to determine present and future flavor and fragrance market status and forecasted growth from 2014 to 2019. The report also discusses market strategies, regulations, patent evaluations and market driving forces.
Analyst Credentials
Natraj Pandal is the BCC Research analyst for this report. Pandal received a Master of Business Administration degree in marketing and systems and a Bachelor of Science degree in science from Osmania University in India. Pandal has more than eight years of experience in business research and market intelligence. He works as a consultant for syndicated projects in different domains such as chemicals, materials, food and beverage, automotive, aerospace, oil and gas, information technology and telecommunications, health care and sporting goods.
Report Highlights
The worldwide flavor and fragrance market was worth an estimated $21.8 billion in 2011. This figure is projected to exceed $23 billion in 2012 and $30 billion in 2017, a compound annual growth rate (CAGR) of 5.6% between 2012 and 2017.
Report Highlights
-
The worldwide flavors and fragrance ingredient market is worth approximately $6.3 billion in 2006. Poised for an average annual growth rate (AAGR) of 4.5% per year, this value should grow to $7.8 billion in 2011. Flavors and fragrances have similar economic and operational characteristics, including research and development, the nature of the creative and production processes, the manner in which the products are distributed and the preferences of the customers.
-
World demand for quality essential oils and their derivatives is likely to see increasing demand in the coming years, and natural products will continue to remain an important part of the flavors and fragrances industry. The market should reach $5.0 billion by 2011, an AAGR of 5.2%.
-
End-user sectors such as cosmetics, toiletries, soaps, detergents, air freshener and fine fragrances are expected to grow at AAGRs ranging from 4.9% to 4.4% through 2011, depending on the market.
Report Highlights
-
BCC estimates the total U.S. market for flavors and fragrances at about $4.2 billion in 1999. Expected to experience an AAGR (average annual growth rate) of nearly 5% during the 5-year forecast period, this market is expected to reach nearly $5.3 billion by 2004.
-
Food and beverages represent the largest end use, with about 40% of the total dollars, followed by cosmetics and toiletries with 30%. Soaps and detergents will show the most growth, at 5.5% a year, as given below in the summary table.
-
By product type, aroma chemicals are the largest, accounting for just over half of the dollar volume. Essential oils make up about one-quarter, with synthetic sweeteners and flavor enhancers the only other product groups.
Related Reports
Biorefinery Applications: Global Markets
The global market for biorefinery applications reached $342.8 billion in 2012. This market is expected to reach $387 billion in 2013 and $700.7 billion in 2018 with a compound annual growth rate(CAGR) of 12.6%.
Global Markets for Chemicals for Cosmetics & Toiletries
The global cosmetic and toiletry ingredients market was valued at $18.7 billion in 2012 and should reach $19.5 billion in 2013. Total market value is expected to reach $24.5 billion in 2018 after increasing at a five-year compound annual growth rate (CAGR) of 4.6%.
Energy Foods and Drinks: Global Markets
The global revenue from energy foods and drinks reached $115.9 billion in 2010 and $123.3 billion in 2011. It is expected to grow to $168.3 billion by 2016, a compound annual growth rate (CAGR) of 6.4%.
Recent Reports
Technical Textiles: Global Markets
The global market for technical textiles is expected to grow from $213.8 billion in 2024 and is projected to reach $284.0 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Green Solvents: Technologies, Emerging Opportunities and Markets
The global market for green solvents reached $4.5 billion in 2023. The market is expected to grow from $4.9 billion in 2024 and forecast to reach $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029.
Specialty Chemicals Integrated Across Multiple Vertical Applications: Global Markets
The global market for specialty chemicals is estimated to increase from $1.3 trillion in 2023 to reach $1.7 trillion by 2029, at a compound annual growth rate (CAGR) of 4.9% from 2024 through 2029.
Global Markets and Advanced Technologies for Paints and Coatings
The global market for paints and coatings was valued at $194.0 billion in 2023. The market is expected to grow from $203.8 billion in 2024 and should reach $263.2 billion by 2029, at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029.
Global Markets for Adhesives & Sealants or Joining and Fastening
The global market for adhesives & sealants or joining and fastening is estimated to increase from $63.7 billion in 2023 to reach $81.6 billion by 2029, at a compound annual growth rate (CAGR) of 4.3% from 2024 through 2029.
Top Trending Reports
Single-use Technologies for Biopharmaceuticals: Global Markets
The global market for single-use technologies for biopharmaceuticals is expected to grow from $6.5 billion in 2024 and is projected to reach $11.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.6% during the forecast period of 2024 to 2029.
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for Cell and Gene Therapy (CGT) Tools and Reagents is estimated to increase from $10.0 billion in 2024 to reach $16.7 billion by 2029, at a compound annual growth rate (CAGR) of 10.8% from 2024 through 2029.
Medical Devices Industry: Competitive Landscape
The global market for medical devices is estimated to increase from 810.4 billion in 2024 to reach $1.3 trillion by 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
Global Market Opportunities and Competitive Landscape for CDMO
The global CDMO market was valued at $128.0 billion in 2023. This market is expected to grow from $136.6 billion in 2024 to $191.6 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2029.
Chronic Disease Management: Therapeutics, Device Technologies and Global Markets
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More