As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Get a Free Sample Report With TOC - Download Now
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.