フレーバー＆フレグランス市場

出版：MarketsandMarkets

Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) – Global Forecast to 2026

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フレーバー＆フレグランス市場 成分（天然、合成）、最終用途（飲料、セイボリー＆スナック、ベーカリー、乳製品、菓子、消費者製品、高級香料）、地域（アジア太平洋、北米、ヨーロッパ）別

The market size of flavors & fragrances is estimated to be USD 29.0 billion in 2021 and is projected to reach USD 37.3 billion by 2026, at a CAGR of 5.1% between 2021 and 2026. The growth of the flavors & fragrances market is primarily supported by the growing population in emerging economies such as China, India, Indonesia, South Korea, Brazil, and South Africa. The demand for flavors and fragrances is also due to the increase in awareness among the population about the benefits of the ingredients used in food products and consumer products in countries such as the US, Japan, France, Canada, Germany, and the UK. The demand for flavors and fragrances is also attributed to changing consumer preferences toward convenience food and increasing demand for consumer products. Stringent government regulations on the use of synthetic flavors and fragrances in Japan, China, the US, and European countries are restricting the growth of the flavors & fragrances market.
“The Synthetic is the largest ingredient of flavors & fragrances for flavors & fragrances market in 2020”
Synthetic ingredient is artificially made through chemical reactions. It is chemically modified and has different properties from its precursors. Synthetic flavors are prepared from a complex mixture of chemical compounds. The dominance of synthetic ingredient is owed to its low cost and growing use in various end uses, such as beverages, packaged food products, and home & personal care products. Unique formulation by manufacturing companies, innovation in flavoring ingredients, and significant demand of synthetic flavors in various edible & non-edible applications are driving the market for synthetic ingredient during the forecast period.
“Beverages and consumer products are estimated to be the largest end-use industry in flavors & fragrances market, respectively between 2021 and 2026.”
Bakery segment is expected to grow due to a rise in demand for aspirational purchase of global drink brands and increasing demand for dietary drinks owing to the rising percentage of health-conscious individuals. Consumer products segment is estimated to grow due to the rise of organized retail chains; changing lifestyles; and the growing demand for various consumer products such as home care and personal care products
“APAC is expected to be the largest flavors & fragrances market during the forecast period, in terms of value.”
APAC was the largest flavors & fragrances market in 2020. The changing lifestyle and high economic growth of emerging economies such as China, India, Vietnam, and Indonesia have fueled the demand for flavors and fragrances in this region. In addition, the rapidly growing food & beverage and cosmetic & homecare industries are fueling the growth of the flavors & fragrances market in the region.
In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
•By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
•By Designation: C-Level – 46%, Director Level – 25%, and Others – 29%
•By Region: North America – 27%, Europe – 27%, APAC – 33%, South America – 7%, and Middle East & Africa – 6%,

The key market players profiled in the report include Givaudan (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (IFF) (US), Symrise AG (Germany), Takasago (Japan), The Archer Daniels Midland Company (ADM) (US), Sensient Technologies (US), Mane SA (France), Robertet (France), T. Hasegawa (Japan), and Bell Flavors & Fragrances (US).
 
Research Coverage
This report segments the market for flavors & fragrances on the basis of ingredient, end-use industry, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for flavors & fragrances.
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the flavors & fragrances market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on flavors & fragrances offered by top players in the global flavors & fragrances market

•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the flavors & fragrances market

•Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for flavors & fragrances across regions

•Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global flavors & fragrances market

•Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the flavors & fragrances market

•Impact of COVID-19 on flavors & fragrances market

目次

1INTRODUCTION35
1.1OBJECTIVES OF THE STUDY35
1.2MARKET DEFINITION35
1.2.1FLAVORS & FRAGRANCES MARKET: INCLUSIONS & EXCLUSIONS36
1.2.2FLAVORS & FRAGRANCES: MARKET DEFINITION AND INCLUSIONS,
BY INGREDIENT36
1.2.3FLAVORS & FRAGRANCES: MARKET DEFINITION AND INCLUSIONS,
BY END-USE INDUSTRY36
1.3MARKET SCOPE37
1.3.1REGIONS COVERED38
1.3.2YEARS CONSIDERED FOR THE STUDY38
1.4CURRENCY39
1.5STAKEHOLDERS39
1.6SUMMARY OF CHANGES39
2RESEARCH METHODOLOGY41
2.1RESEARCH DATA41
FIGURE 1FLAVORS & FRAGRANCES MARKET: RESEARCH DESIGN41
2.1.1SECONDARY DATA42
2.1.2PRIMARY DATA42
2.1.2.1Primary interviews – demand and supply sides42
2.1.2.2Key industry insights43
2.1.2.3Breakdown of primary interviews43
2.2MARKET SIZE ESTIMATION44
2.2.1BOTTOM-UP APPROACH44
FIGURE 2MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE): REVENUE OF PRODUCTS44
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS45
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD45
2.2.2TOP-DOWN APPROACH46
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4 – TOP-DOWN46
2.3DATA TRIANGULATION46
FIGURE 6FLAVORS & FRAGRANCES MARKET: DATA TRIANGULATION47
2.4GROWTH RATE ASSUMPTIONS/GROWTH FORECAST48
2.4.1SUPPLY-SIDE48
FIGURE 7MARKET CAGR PROJECTIONS FROM THE SUPPLY-SIDE48
2.4.2DEMAND-SIDE48
FIGURE 8MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS
AND OPPORTUNITIES49
2.5FACTOR ANALYSIS49
2.6ASSUMPTIONS50
2.7LIMITATIONS50
2.8RISK ASSESSMENT50
TABLE 1FLAVORS & FRAGRANCES MARKET: RISK ASSESSMENT50
3EXECUTIVE SUMMARY51
FIGURE 9SYNTHETIC INGREDIENT SEGMENT TO DOMINATE FLAVORS & FRAGRANCES MARKET DURING THE FORECAST PERIOD51
FIGURE 10BEVERAGES SEGMENT TO DOMINATE THE FLAVORS MARKET IN 202052
FIGURE 11CONSUMER PRODUCTS SEGMENT TO DOMINATE THE FRAGRANCES MARKET52
FIGURE 12APAC WAS LARGEST FLAVORS & FRAGRANCES MARKET IN 202053
4PREMIUM INSIGHTS54
4.1ATTRACTIVE OPPORTUNITIES IN THE FLAVORS & FRAGRANCES MARKET54
FIGURE 13FLAVORS & FRAGRANCES MARKET TO REGISTER MODERATE GROWTH DURING THE FORECAST PERIOD54
4.2APAC: FRAGRANCES MARKET, BY END-USE AND COUNTRY54
FIGURE 14CHINA LED THE APAC FRAGRANCES MARKET IN 202054
4.3FLAVORS & FRAGRANCES MARKET, BY REGION55
FIGURE 15APAC TO BE FASTEST-GROWING MARKET BETWEEN 2021 AND 202655
4.4FLAVORS MARKET, REGION VS END-USE INDUSTRY55
FIGURE 16BEVERAGES ACCOUNTED FOR LARGEST SHARE IN MOST OF THE
REGIONS IN 202055
4.5FLAVORS MARKET ATTRACTIVENESS56
FIGURE 17INDIA TO BE FASTEST-GROWING MARKET BETWEEN 2021 AND 202656
5MARKET OVERVIEW AND INDUSTRY TRENDS57
5.1INTRODUCTION57
5.2MARKET DYNAMICS57
FIGURE 18DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE
FLAVORS & FRAGRANCES MARKET57
5.2.1DRIVERS58
5.2.1.1Increasing demand for natural flavors and fragrances58
5.2.1.2Increasing consumer preference toward convenience foods58
TABLE 2FROZEN FOOD MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)58
5.2.1.3Rising demand for natural products59
5.2.1.4Rising demand for consumer products59
5.2.2RESTRAINTS59
5.2.2.1Compliance with quality and regulatory standards59
TABLE 3FLAVORS AND FRAGRANCES: REGULATIONS SET BY DIFFERENT COUNTRIES59
5.2.3OPPORTUNITIES60
5.2.3.1Digitalization of the retail industry60
FIGURE 19ONLINE PURCHASES OF GOODS & SERVICES IN THE EUROPEAN
UNION (2018)60
5.2.3.2Innovation in end-use industries to drive the flavors
& fragrances market60
5.2.4CHALLENGES61
5.2.4.1Limited progression in value chain among developing economies61
5.2.4.2Lack of cold chain infrastructure in developing economies61
5.3PORTER’S FIVE FORCES ANALYSIS61
FIGURE 20PORTER’S FIVE FORCES ANALYSIS OF FLAVORS & FRAGRANCES MARKET62
5.3.1THREAT OF NEW ENTRANTS62
5.3.2THREAT OF SUBSTITUTES62
5.3.3BARGAINING POWER OF SUPPLIERS63
5.3.4BARGAINING POWER OF BUYERS63
5.3.5INTENSITY OF COMPETITIVE RIVALRY63
TABLE 4FLAVORS & FRAGRANCES MARKET: PORTER’S FIVE FORCES ANALYSIS63
5.4MACROECONOMIC INDICATORS64
5.4.1GDP TRENDS AND FORECAST OF MAJOR ECONOMIES64
TABLE 5GDP TRENDS AND FORECAST, BY MAJOR ECONOMY,
2018–2026 (USD BILLION)64
5.5COVID-19 IMPACT65
5.5.1INTRODUCTION65
5.5.2COVID-19 HEALTH ASSESSMENT65
FIGURE 21COUNTRY-WISE SPREAD OF COVID-1965
5.5.3COVID-19 ECONOMIC ASSESSMENT66
FIGURE 22REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 202166
5.5.3.1COVID-19 Impact on the Economy—Scenario Assessment67
FIGURE 23FACTORS IMPACTING THE GLOBAL ECONOMY67
FIGURE 24SCENARIOS OF COVID-19 IMPACT68
5.6IMPACT OF COVID-19: CUSTOMER ANALYSIS69
5.7SUPPLY CHAIN ANALYSIS69
FIGURE 25FLAVORS & FRAGRANCES MARKET: SUPPLY CHAIN70
5.7.1RAW MATERIAL70
5.7.2INGREDIENT MANUFACTURING70
5.7.3DISTRIBUTION70
5.7.4END-USE INDUSTRIES71
5.8FLAVORS & FRAGRANCE MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIOS71
FIGURE 26MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC,
AND NON-COVID-19 SCENARIOS71
TABLE 6FLAVORS & FRAGRANCE MARKET FORECAST SCENARIO,
2019–2026 (USD MILLION)71
5.8.1NON-COVID-19 SCENARIO71
5.8.2OPTIMISTIC SCENARIO72
5.8.3PESSIMISTIC SCENARIO72
5.8.4REALISTIC SCENARIO72
5.9TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS72
5.9.1REVENUE SHIFTS & REVENUE POCKETS FOR FLAVORS
& FRAGRANCE MARKET72
FIGURE 27REVENUE SHIFT FOR FLAVORS & FRAGRANCE MARKET73
5.10CONNECTED MARKETS: ECOSYSTEM73
FIGURE 28FLAVORS & FRAGRANCES MARKET: ECOSYSTEM73
TABLE 7FLAVORS & FRAGRANCES MARKET: SUPPLY CHAIN74
5.11TECHNOLOGY ANALYSIS75
5.12CASE STUDY ANALYSIS76
5.12.1A CASE STUDY ON SLEEPSCORE LABS AND INTERNATIONAL
FLAVORS & FRAGRANCES INC.76
5.12.2A CASE STUDY ON GIVAUDAN AND MEDIAFLY77
5.13TRADE ANALYSIS77
5.13.1IMPORT SCENARIO OF FLAVORS & FRAGRANCES77
FIGURE 29FLAVORS & FRAGRANCES IMPORTS, BY KEY COUNTRY, 2012–202077
TABLE 8IMPORTS OF FLAVORS & FRAGRANCES, BY REGION,
2012–2020 (USD MILLION)78
5.13.2EXPORT SCENARIO OF FLAVORS & FRAGRANCES78
FIGURE 30FLAVORS & FRAGRANCES EXPORTS, BY KEY COUNTRY, 2012– 202078
TABLE 9EXPORTS OF FLAVORS & FRAGRANCES, BY REGION,
2012–2020 (USD MILLION)79
5.14TARIFF AND REGULATORY LANDSCAPE79
5.15PATENT ANALYSIS81
5.15.1APPROACH81
5.15.2DOCUMENT TYPE81
TABLE 10GRANTED PATENTS ACCOUNTED FOR 4% OF THE TOTAL COUNT
IN LAST 11 YEARS81
FIGURE 31PATENTS REGISTERED FOR FLAVORS & FRAGRANCES, 2010–202082
FIGURE 32PATENTS PUBLICATION TRENDS FOR FLAVORS & FRAGRANCES, 2010–202082
5.15.3JURISDICTION ANALYSIS83
FIGURE 33MAXIMUM PATENTS FILED BY COMPANIES IN CHINA83
5.15.4TOP APPLICANTS83
FIGURE 34HUBEI CHINA TOBACCO INDUSTRY CO. LTD. REGISTERED MAXIMUM NUMBER OF PATENTS BETWEEN 2010 AND 202083
TABLE 11TOP 10 PATENT OWNERS (US) IN LAST 11 YEARS86
6FLAVORS & FRAGRANCES MARKET, BY INGREDIENT87
6.1INTRODUCTION88
FIGURE 35NATURAL INGREDIENTS EXPECTED TO BE FASTER-GROWING SEGMENT DURING THE FORECAST PERIOD88
TABLE 12FLAVORS & FRAGRANCES MARKET SIZE, BY INGREDIENT,
2016–2019 (USD MILLION)88
TABLE 13FLAVORS & FRAGRANCES MARKET SIZE, BY INGREDIENT,
2020–2026 (USD MILLION)89
6.2SYNTHETIC INGREDIENT89
6.2.1TREND IN REPLICATION OF NATURAL FLAVORS INTO SYNTHETIC INGREDIENTS TO DRIVE THE MARKET89
TABLE 14SYNTHETIC INGREDIENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)89
TABLE 15SYNTHETIC INGREDIENT MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)89
6.3NATURAL INGREDIENT90
6.3.1INCREASING HEALTH AWARENESS AMONG CONSUMERS
TO DRIVE THE MARKET90
TABLE 16NATURAL INGREDIENT MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)90
TABLE 17NATURAL INGREDIENT MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)90
7FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY91
7.1INTRODUCTION92
7.2FLAVORS92
FIGURE 36BEVERAGES SEGMENT TO LEAD FLAVORS MARKET DURING
THE FORECAST PERIOD92
TABLE 18FLAVORS MARKET, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)92
TABLE 19FLAVORS MARKET, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)93
7.2.1BEVERAGES93
7.2.1.1Changing lifestyle and curiosity to try differently flavored
beverages are driving the market93
TABLE 20FLAVORS MARKET SIZE IN BEVERAGES, BY REGION,
2016–2019 (USD MILLION)93
TABLE 21FLAVORS MARKET SIZE IN BEVERAGES, BY REGION,
2020–2026 (USD MILLION)94
7.2.2SAVORY & SNACKS94
7.2.2.1Demand for plant-based products and growing preference for
less salt, fat, and sugar to drive the market94
TABLE 22FLAVORS MARKET SIZE IN SAVORY & SNACKS, BY REGION,
2016–2019 (USD MILLION)94
TABLE 23FLAVORS MARKET SIZE IN SAVORY & SNACKS, BY REGION,
2020–2026 (USD MILLION)95
7.2.3DAIRY PRODUCTS95
7.2.3.1Demand for health & wellness and emotional need for dairy
products to drive the market95
TABLE 24FLAVORS MARKET SIZE IN DAIRY PRODUCTS, BY REGION,
2016–2019 (USD MILLION)95
TABLE 25FLAVORS MARKET SIZE IN DAIRY PRODUCTS, BY REGION,
2020–2026 (USD MILLION)96
7.2.4BAKERY96
7.2.4.1APAC is largest market for flavors in the bakery segment96
TABLE 26FLAVORS MARKET SIZE IN BAKERY, BY REGION, 2016–2019 (USD MILLION)96
TABLE 27FLAVORS MARKET SIZE IN BAKERY, BY REGION, 2020–2026 (USD MILLION)97
7.2.5CONFECTIONERY97
7.2.5.1Continuous innovation and fast-changing consumer demand
to drive the market97
TABLE 28FLAVORS MARKET SIZE IN CONFECTIONERY, BY REGION,
2016–2019 (USD MILLION)97
TABLE 29FLAVORS MARKET SIZE IN CONFECTIONERY, BY REGION,
2020–2026 (USD MILLION)98
7.2.6OTHERS98
7.2.6.1Changing consumer preferences and growing demand for new
flavors to drive the market98
TABLE 30FLAVORS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION,
2016–2019 (USD MILLION)98
TABLE 31FLAVORS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION,
2020–2026 (USD MILLION)99
7.3FRAGRANCES99
FIGURE 37CONSUMER PRODUCTS SEGMENT TO DOMINATE FRAGRANCES MARKET DURING THE FORECAST PERIOD99
TABLE 32FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)99
TABLE 33FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)100
7.3.1CONSUMER PRODUCTS100
7.3.1.1In-depth research on consumer products and changing
preferences to drive the market100
TABLE 34FRAGRANCES MARKET SIZE IN CONSUMER PRODUCTS, BY REGION,
2016–2019 (USD MILLION)100
TABLE 35FRAGRANCES MARKET SIZE IN CONSUMER PRODUCTS, BY REGION,
2020–2026 (USD MILLION)101
7.3.2FINE FRAGRANCES101
7.3.2.1Increasing connection of perfumers to diverse local cultures
and trends can drive the market101
TABLE 36FRAGRANCES MARKET SIZE IN FINE FRAGRANCES, BY REGION,
2016–2019 (USD MILLION)101
TABLE 37FRAGRANCES MARKET SIZE IN FINE FRAGRANCES, BY REGION,
2020–2026 (USD MILLION)102
8FLAVORS & FRAGRANCES MARKET, BY REGION103
8.1INTRODUCTION104
FIGURE 38APAC EXPECTED TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026104
TABLE 38FLAVORS & FRAGRANCES MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION)104
TABLE 39FLAVORS & FRAGRANCES MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION)104
TABLE 40FLAVORS & FRAGRANCES MARKET SIZE, BY REGION,
2016–2019 (USD MILLION)105
TABLE 41FLAVORS & FRAGRANCES MARKET SIZE, BY REGION,
2020–2026 (USD MILLION)105
TABLE 42FLAVORS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)105
TABLE 43FLAVORS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)106
TABLE 44FRAGRANCES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)106
TABLE 45FRAGRANCES MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)106
8.2APAC107
FIGURE 39APAC MARKET SNAPSHOT: CHINA ACCOUNTED FOR LARGEST
SHARE IN 2020107
8.2.1APAC FLAVORS & FRAGRANCE MARKET, BY END-USE INDUSTRY108
TABLE 46APAC: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)108
TABLE 47APAC: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)108
TABLE 48APAC: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)108
TABLE 49APAC: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)109
8.2.2APAC FLAVORS & FRAGRANCE MARKET, BY COUNTRY109
TABLE 50APAC: FLAVORS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)109
TABLE 51APAC: FLAVORS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)110
TABLE 52APAC: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)110
TABLE 53APAC: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)111
8.2.2.1China111
8.2.2.1.1Growing industrial activities and change in consumer’s lifestyle to drive the market111
TABLE 54CHINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)112
TABLE 55CHINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)112
TABLE 56CHINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)112
TABLE 57CHINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)113
8.2.2.2Japan113
8.2.2.2.1Growing investment in manufacturing sector to
drive the flavors & fragrance market113
TABLE 58JAPAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)113
TABLE 59JAPAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)114
TABLE 60JAPAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)114
TABLE 61JAPAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)114
8.2.2.3India115
8.2.2.3.1Growing FDI investments in manufacturing industry to support market growth115
TABLE 62INDIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)115
TABLE 63INDIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)116
TABLE 64INDIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)116
TABLE 65INDIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)116
8.2.2.4South Korea117
8.2.2.4.1Increased exports to EU to drive the flavors and
fragrance market117
TABLE 66SOUTH KOREA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)117
TABLE 67SOUTH KOREA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)118
TABLE 68SOUTH KOREA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)118
TABLE 69SOUTH KOREA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)118
8.2.2.5Indonesia119
8.2.2.5.1Strong rebound of economy and anticipated change in
food consumption patterns to drive the market119
TABLE 70INDONESIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)119
TABLE 71INDONESIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)120
TABLE 72INDONESIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)120
TABLE 73INDONESIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)120
8.2.2.6Thailand121
8.2.2.6.1Increased exports of processed foods to drive the market121
TABLE 74THAILAND: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)121
TABLE 75THAILAND: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)122
TABLE 76THAILAND: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)122
TABLE 77THAILAND: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)122
8.2.2.7Australia122
8.2.2.7.1Demand for energy drinks among white-collar workers to drive the market122
TABLE 78AUSTRALIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)123
TABLE 79AUSTRALIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)123
TABLE 80AUSTRALIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)123
TABLE 81AUSTRALIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)124
8.2.2.8Vietnam124
8.2.2.8.1Beverages segment is largest and fastest-growing user
of flavors124
TABLE 82VIETNAM: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)124
TABLE 83VIETNAM: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)125
TABLE 84VIETNAM: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)125
TABLE 85VIETNAM: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)125
8.2.2.9Philippines126
8.2.2.9.1Demand for western food products from youth
population to drive the market126
TABLE 86PHILIPPINES: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)126
TABLE 87PHILIPPINES: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)126
TABLE 88PHILIPPINES: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)127
TABLE 89PHILIPPINES: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)127
8.2.2.10Bangladesh127
8.2.2.10.1Signs of recovery in economy and exports to drive
the market127
TABLE 90BANGLADESH: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)128
TABLE 91BANGLADESH: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)128
TABLE 92BANGLADESH: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)128
TABLE 93BANGLADESH: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)129
8.2.2.11Pakistan129
8.2.2.11.1Rising middle-class population and preference for higher quality and safer food to drive the market129
TABLE 94PAKISTAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)129
TABLE 95PAKISTAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)130
TABLE 96PAKISTAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)130
TABLE 97PAKISTAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)130
8.3EUROPE131
FIGURE 40EUROPE FLAVORS & FRAGRANCE MARKET SNAPSHOT: GERMANY ACCOUNTED FOR LARGEST MARKET SHARE IN 2020131
8.3.1EUROPE FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY132
TABLE 98EUROPE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)132
TABLE 99EUROPE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)132
TABLE 100EUROPE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)132
TABLE 101EUROPE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)133
8.3.2EUROPE FLAVORS & FRAGRANCES MARKET, BY COUNTRY133
TABLE 102EUROPE: FLAVORS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)133
TABLE 103EUROPE: FLAVORS MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)134
TABLE 104EUROPE: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)134
TABLE 105EUROPE: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)134
8.3.2.1Germany135
8.3.2.1.1Strong economic recovery post-COVID-19 pandemic to support market growth135
TABLE 106GERMANY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)135
TABLE 107GERMANY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)136
TABLE 108GERMANY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)136
TABLE 109GERMANY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)136
8.3.2.2France137
8.3.2.2.1Increase in production concentration and exports to support the market137
TABLE 110FRANCE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)137
TABLE 111FRANCE: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)138
TABLE 112FRANCE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)138
TABLE 113FRANCE: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)138
8.3.2.3UK139
8.3.2.3.1Adoption of healthier lifestyle and increase in usage of natural flavors & fragrances to drive the market139
TABLE 114UK: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)139
TABLE 115UK: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)139
TABLE 116UK: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)140
TABLE 117UK: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)140
8.3.2.4Italy140
8.3.2.4.1Marketing initiatives taken by the government to support the flavors and fragrance market140
TABLE 118ITALY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)141
TABLE 119ITALY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)141
TABLE 120ITALY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)141
TABLE 121ITALY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)142
8.3.2.5Spain142
8.3.2.5.1Demand for healthy and natural ingredients-based
ready-to-eat food to drive the market142
TABLE 122SPAIN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)142
TABLE 123SPAIN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)143
TABLE 124SPAIN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)143
TABLE 125SPAIN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)143
8.3.2.6Russia144
8.3.2.6.1New export routes to Southeast Asian countries to
support the market growth144
TABLE 126RUSSIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)144
TABLE 127RUSSIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)144
TABLE 128RUSSIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)145
TABLE 129RUSSIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)145
8.4NORTH AMERICA145
FIGURE 41NORTH AMERICA FLAVORS & FRAGRANCES MARKET SNAPSHOT:
US EXPECTED TO DOMINATE THE MARKET146
8.4.1NORTH AMERICA FLAVORS & FRAGRANCE MARKET, BY END-USE INDUSTRY146
TABLE 130NORTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)146
TABLE 131NORTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)147
TABLE 132NORTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)147
TABLE 133NORTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)147
8.4.2NORTH AMERICA FLAVORS & FRAGRANCES MARKET, BY COUNTRY148
TABLE 134NORTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)148
TABLE 135NORTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)148
TABLE 136NORTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)148
TABLE 137NORTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)149
8.4.2.1US149
8.4.2.1.1Savory & snacks segment is fastest-growing
end-user of flavors149
TABLE 138US: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)149
TABLE 139US: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)150
TABLE 140US: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)150
TABLE 141US: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)150
8.4.2.2Canada151
8.4.2.2.1Increasing health awareness and demand for natural-based flavors and fragrances to drive the market151
TABLE 142CANADA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)151
TABLE 143CANADA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)151
TABLE 144CANADA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)152
TABLE 145CANADA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)152
8.4.2.3Mexico152
8.4.2.3.1Rapid urbanization and increase in population of
working women to support the market152
TABLE 146MEXICO: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)153
TABLE 147MEXICO: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)153
TABLE 148MEXICO: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)153
TABLE 149MEXICO: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)154
8.5SOUTH AMERICA154
8.5.1SOUTH AMERICA FLAVORS & FRAGRANCES MARKET, BY END-USE INDUSTRY154
TABLE 150SOUTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)154
TABLE 151SOUTH AMERICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)155
TABLE 152SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)155
TABLE 153SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)155
8.5.2SOUTH AMERICA FLAVORS & FRAGRANCES MARKET, BY COUNTRY156
TABLE 154SOUTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)156
TABLE 155SOUTH AMERICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)156
TABLE 156SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)156
TABLE 157SOUTH AMERICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)157
8.5.2.1Brazil157
8.5.2.1.1Rising demand for dairy products and premium fragrances to drive the market157
TABLE 158BRAZIL: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)157
TABLE 159BRAZIL: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)158
TABLE 160BRAZIL: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)158
TABLE 161BRAZIL: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)158
8.5.2.2Argentina159
8.5.2.2.1Turmoil in manufacturing sector to have a negative
impact on the market159
TABLE 162ARGENTINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)159
TABLE 163ARGENTINA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)159
TABLE 164ARGENTINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)160
TABLE 165ARGENTINA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)160
8.6MIDDLE EAST & AFRICA160
8.6.1MIDDLE EAST & AFRICA FLAVORS & FRAGRANCE MARKET,
BY END-INDUSTRY161
TABLE 166MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)161
TABLE 167MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)161
TABLE 168MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2016–2019 (USD MILLION)161
TABLE 169MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY, 2020–2026 (USD MILLION)162
8.6.2MIDDLE EAST & AFRICA FLAVORS & FRAGRANCE MARKET, BY COUNTRY162
TABLE 170MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)162
TABLE 171MIDDLE EAST & AFRICA: FLAVORS MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)163
TABLE 172MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION)163
TABLE 173MIDDLE EAST & AFRICA: FRAGRANCES MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION)164
8.6.2.1Saudi Arabia164
8.6.2.1.1Higher penetration of premium consumer products supports the market growth164
TABLE 174SAUDI ARABIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)164
TABLE 175SAUDI ARABIA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)165
TABLE 176SAUDI ARABIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)165
TABLE 177SAUDI ARABIA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)165
8.6.2.2Iran166
8.6.2.2.1Growing urban middle-class population, changing lifestyle to make significant impact on the market166
TABLE 178IRAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)166
TABLE 179IRAN: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)166
TABLE 180IRAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)167
TABLE 181IRAN: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)167
8.6.2.3Turkey167
8.6.2.3.1Rise in disposable income to support growth of flavors
& fragrance industry167
TABLE 182TURKEY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)168
TABLE 183TURKEY: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)168
TABLE 184TURKEY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)168
TABLE 185TURKEY: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)169
8.6.2.4South Africa169
8.6.2.4.1Beverages segment is largest consumer of flavors in
South Africa169
TABLE 186SOUTH AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)169
TABLE 187SOUTH AFRICA: FLAVORS MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)170
TABLE 188SOUTH AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION)170
TABLE 189SOUTH AFRICA: FRAGRANCES MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION)170
 
9COMPETITIVE LANDSCAPE171
9.1INTRODUCTION171
9.2STRATEGIES ADOPTED BY KEY PLAYERS171
9.2.1OVERVIEW OF STRATEGIES ADOPTED BY FLAVORS & FRAGRANCES MANUFACTURERS171
9.3MARKET SHARE ANALYSIS173
9.3.1RANKING OF KEY MARKET PLAYERS, 2020173
FIGURE 42RANKING OF TOP FOUR PLAYERS IN THE FLAVORS & FRAGRANCES
MARKET, 2020173
9.3.2MARKET SHARE OF KEY PLAYERS174
TABLE 190FLAVORS & FRAGRANCES MARKET: DEGREE OF COMPETITION174
FIGURE 43GIVAUDAN IS LEADING PLAYER IN THE FLAVORS & FRAGRANCES MARKET174
9.3.3GIVAUDAN175
9.3.4INTERNATIONAL FLAVORS & FRAGRANCES (IFF)175
9.3.5FIRMENICH175
9.3.6SYMRISE AG175
9.4REVENUE ANALYSIS176
FIGURE 44REVENUE ANALYSIS FOR KEY COMPANIES IN PAST 5 YEARS176
9.5COMPANY PRODUCT FOOTPRINT ANALYSIS177
FIGURE 45FLAVORS & FRAGRANCES MARKET: COMPANY FOOTPRINT177
TABLE 191FLAVORS & FRAGRANCES MARKET: INGREDIENT FOOTPRINT178
TABLE 192FLAVORS & FRAGRANCES MARKET: END-USE INDUSTRY FOOTPRINT179
TABLE 193FLAVORS & FRAGRANCES MARKET: COMPANY REGION FOOTPRINT180
9.6COMPANY EVALUATION QUADRANT181
9.6.1STARS181
9.6.2EMERGING LEADERS181
FIGURE 46COMPANY EVALUATION QUADRANT FOR FLAVORS & FRAGRANCES
MARKET (TIER 1)181
9.7START-UP/SMES EVALUATION QUADRANT182
9.7.1RESPONSIVE COMPANIES182
9.7.2DYNAMIC COMPANIES182
9.7.3STARTING BLOCKS182
FIGURE 47STARTUP/SMES EVALUATION QUADRANT FOR FLAVORS
& FRAGRANCES MARKET183
9.8COMPETITIVE SITUATION AND TRENDS184
9.8.1PRODUCT LAUNCHES184
TABLE 194FLAVORS & FRAGRANCES MARKET: PRODUCT LAUNCHES, 2018- 2021184
9.8.2DEALS185
TABLE 195FLAVORS & FRAGRANCES MARKET: DEALS, 2018-2021185
9.8.3OTHER DEVELOPMENTS191
TABLE 196FLAVORS & FRAGRANCES MARKET: EXPANSIONS, INVESTMENTS,
AND INNOVATIONS, 2016- 2021191
10COMPANY PROFILES194
10.1MAJOR PLAYERS194
(Business Overview, Products Offered, Recent Developments, New product launch, Deals, Other developments, MnM View, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats)*
10.1.1GIVAUDAN194
FIGURE 48GIVAUDAN: COMPANY SNAPSHOT194
TABLE 197GIVAUDAN: BUSINESS OVERVIEW195
10.1.2FIRMENICH200
TABLE 198FIRMENICH: BUSINESS OVERVIEW200
10.1.3INTERNATIONAL FLAVORS & FRAGRANCES INC.204
FIGURE 49INTERNATIONAL FLAVORS & FRAGRANCES INC.: COMPANY SNAPSHOT204
TABLE 199INTERNATIONAL FLAVORS & FRAGRANCES INC.: BUSINESS OVERVIEW205
10.1.4SYMRISE AG208
FIGURE 50SYMRISE AG: COMPANY SNAPSHOT208
TABLE 200SYMRISE AG: BUSINESS OVERVIEW209
10.1.5TAKASAGO213
FIGURE 51TAKASAGO: COMPANY SNAPSHOT213
TABLE 201TAKASAGO: BUSINESS OVERVIEW214
10.1.6ARCHER DANIELS MIDLAND COMPANY216
FIGURE 52ARCHER DANIELS MIDLAND COMPANY (ADM): COMPANY SNAPSHOT216
TABLE 202ARCHER DANIELS MIDLAND COMPANY (ADM): BUSINESS OVERVIEW217
10.1.7SENSIENT TECHNOLOGIES219
FIGURE 53SENSIENT TECHNOLOGIES: COMPANY SNAPSHOT219
TABLE 203SENSIENT TECHNOLOGIES: BUSINESS OVERVIEW220
10.1.8MANE SA223
FIGURE 54MANE SA: COMPANY SNAPSHOT223
TABLE 204MANE SA: BUSINESS OVERVIEW224
10.1.9ROBERTET227
FIGURE 55ROBERTET: COMPANY SNAPSHOT227
TABLE 205ROBERTET: BUSINESS OVERVIEW228
10.1.10T. HASEGAWA CO. LTD.230
FIGURE 56T. HASEGAWA CO. LTD.: COMPANY SNAPSHOT230
TABLE 206T. HASEGAWA CO. LTD.: BUSINESS OVERVIEW231
10.1.11BELL FLAVORS & FRAGRANCES234
TABLE 207BELL FLAVORS & FRAGRANCES: BUSINESS OVERVIEW234
10.2STARTUP/SME PLAYERS236
10.2.1KERRY236
TABLE 208KERRY: COMPANY OVERVIEW236
10.2.2OGAWA & CO. LTD.236
TABLE 209OGAWA & CO. LTD.: COMPANY OVERVIEW236
10.2.3HUABAO237
TABLE 210HUABAO: COMPANY OVERVIEW237
10.2.4BIOLANDES SAS237
TABLE 211BIOLANDES SAS: COMPANY OVERVIEW237
10.2.5FLAVEX NATUREXTRAKTE GMBH238
TABLE 212FLAVEX NATUREXTRAKTE GMBH: COMPANY OVERVIEW238
10.2.6SYNTHITE INDUSTRIES LIMITED238
TABLE 213SYNTHITE INDUSTRIES LIMITED: COMPANY OVERVIEW238
10.2.7UNGERER & COMPANY239
TABLE 214UNGERER & COMPANY: COMPANY OVERVIEW239
10.2.8AKAY NATURAL INGREDIENTS PRIVATE LIMITED239
TABLE 215AKAY NATURAL INGREDIENTS PRIVATE LIMITED: COMPANY OVERVIEW239
10.2.9SOLVAY SA240
TABLE 216SOLVAY SA: COMPANY OVERVIEW240
10.2.10OZONE NATURALS240
TABLE 217OZONE NATURALS: COMPANY OVERVIEW240
10.2.11BASF SE241
TABLE 218BASF SE: COMPANY OVERVIEW241
10.2.12ROYAL DSM NV241
TABLE 219ROYAL DSM NV: COMPANY OVERVIEW241
10.2.13AROMTECH SAS242
TABLE 220AROMTECH SAS: COMPANY OVERVIEW242
10.2.14BEDOUKIAN RESEARCH, INC.242
TABLE 221BEDOUKIAN RESEARCH, INC.: COMPANY OVERVIEW242
*Details on Business Overview, Products Offered, Recent Developments, New product launch, Deals, Other developments, MnM View, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11ADJACENT & RELATED MARKETS243
11.1INTRODUCTION243
11.2LIMITATION243
11.3AROMA INGREDIENTS MARKET243
11.3.1MARKET DEFINITION243
11.3.2MARKET OVERVIEW243
11.4AROMA INGREDIENTS MARKET, BY REGION244
TABLE 222AROMA INGREDIENTS MARKET SIZE, BY REGION,
2016–2023 (USD MILLION)244
11.4.1EUROPE244
TABLE 223EUROPE: AROMA INGREDIENTS MARKET SIZE, BY COUNTRY,
2016–2023 (USD MILLION)244
TABLE 224EUROPE: AROMA INGREDIENTS MARKET SIZE, BY TYPE,
2016–2023 (USD MILLION)245
TABLE 225EUROPE: AROMA INGREDIENTS MARKET SIZE, BY APPLICATION,
2016–2023 (USD MILLION)245

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