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The Europe flavours and fragrances market is the leading regional market in the industry, accounting for over a quarter of the industry, globally. The market in the region is being driven by the robust growth of cosmetics and food and beverages sectors. Western Europe accounted for nearly a fifth of the global cosmetics market in 2017. The overall Western European region dominates the flavours and fragrances market in Europe, with Germany being its largest market. The market in Germany is being driven by the country’s robust economy, which is aiding the growth of the various end-use sectors like cosmetics and food and beverage. In 2018, the food and beverage industry in the country earned EUR 243 billion in retail sales and EUR 78.4 billion in foodservice sales. The rising innovations taking place in the German industry is also aiding the flavours and fragrances market growth in the country. In 2017, German food and beverages companies spent EUR 1.7 billion on innovations.
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The UK and France are the other major markets in Western Europe. The markets in the countries are being driven by the rising consumer demand for natural and sustainably sourced materials. In January 2020, Firmenich, a major player in the flavours and fragrances market, launched a line of natural and sustainable fragrances called ‘Scent for Good, Naturally.’ In the coming years, the industry in the emerging countries of Eastern Europe is expected to witness a faster growth as compared to the mature markets of Western Europe, driven by the expansion of key players into the region. Symrise recently launched a new liquid flavouring production line in Rogovo, Russia. The new production line will help the company expand its presence in the country by enabling them to produce flavourings, which can be utilised to produce dairy products, sweets, and beverages.
Market Analysis by Types, Flavouring Agents, Forms, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
Givaudan SA, Firmenich SA, Symrise AG, International Flavors & Fragrances, Inc., Takasago International Corp, Mane SA, Sensient Technologies Corp., Wild Flavors, Inc., Robertet Group, T. Hasegawa Co., Ltd., and Kerry Group are the key players in the Europe flavours and fragrances market as identified by the report by EMR. The comprehensive report gives a detailed insight into the latest market share, capacity, investments, mergers and acquisitions, capacity expansions, and plant turnarounds of these key players.
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