Reports
Global Flavour Ingredients Market Size, Share, Forecast: By Ingredient Type: Aroma Chemicals, Essential Oils, Plant Extract, Functional Ingredients; By Product Type: Nature-Identical, Artificial, Natural; By Form; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Flavour Ingredients Market Outlook
The global flavour ingredients market is being aided by the growing flavour and fragrance ingredients market, which stood at a value of USD 31.2 billion in 2020. The flavour and fragrance ingredients industry is further expected to grow at a CAGR of 6.0% in the forecast period of 2024-2032.
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Increased Utilisation of Nature-Identical Flavour Ingredients to Bolster the Growth of the Flavour Ingredients Industry
On the basis of product type, nature-identical flavour ingredients account for a significant share in the industry. This can be attributed to their increasing demand for beverages, dairy and frozen desserts, and bakery and confectionary applications, among others. The increasing population and rising demand for processed foods have catalysed the food and beverage industry growth, which, in turn, is driving the demand for flavour ingredients. Meanwhile, the demand for natural flavours is anticipated to witness a robust growth in the forecast period owing to the rising health awareness among consumers and changing lifestyle.
North America to Boost the Growth of the Flavour Ingredients Industry
Region-wise, North America accounts for a significant share in the industry. Within North America, the United States accounts for a major market share owing to the thriving food and beverages industry in the region. The stringent safety regulations issued by the government of the United States are likely to compel manufacturers to use natural ingredients in order to avoid adulteration and prevent the ill effects of artificial ingredients on consumer health. Meanwhile, the Asia Pacific is expected to witness a significant growth in the forecast period, owing to the high population in the region and increasing disposable incomes.
Flavour Ingredients: Market Segmentation
Flavour ingredients are the natural or artificial components that are added to food products or beverages to give them a specific flavour. It is often added to food products in order to enhance flavours that get lost during food processing. This is an added content, which makes the food more tasteful and is relished by people.
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Based on ingredient type, the market is divided into:
- Aroma Chemicals
- Essential Oils
- Plant Extract
- Functional Ingredients
Based on product type, the industry can be segmented into:
- Nature-Identical
- Artificial
- Natural
On the basis of form, the industry can be categorised into:
- Liquid
- Dry
On the basis of application, the industry can be segmented into:
- Beverages
- Dairy and Frozen Desserts
- Savouriers and Snacks
- Bakery and Confectionary Products
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand in the Food and Beverages Industry and the Growing Preference for Dairy Products to Augment the Growth of the Flavour Ingredients Industry
The thriving food and beverages industry and the increasing demand for flavouring agents in various applications are the major factors contributing to the flavour ingredients industry growth. The rising demand for dairy products, such as flavoured milk and yoghurt, is further propelling the demand for flavour ingredients, which is significantly contributing to the growth of the industry. Furthermore, in the food and beverages sector, there is a constant need to diversify product portfolio and enhance the taste of existing products, which is likely to aid the market growth in the forecast period. This demand is anticipated to be further propelled by the continuous innovation towards the development of new flavours and the growing demand for natural flavour ingredients.
Key Industry Players in the Global Flavour Ingredients Market
The report gives a detailed analysis of the following key players in the global flavour ingredients market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Givaudan
- Firmenich SA
- International Flavour Ingredients and Fragrances Inc.
- Symrise Group
- Takasago International Corporation
- Mane Group
- Sensient Technologies Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Ingredient Type, Product Type, Form, Application, Region |
| Breakup by Ingredient Type | Aroma Chemicals, Essential Oils, Plant Extract, Functional Ingredients |
| Breakup by Product Type | Nature-Identical, Artificial, Natural |
| Breakup by Form | Liquid, Dry |
| Breakup by Application | Beverages, Dairy and Frozen Desserts, Savouries and Snacks, Bakery and Confectionary Products, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Givaudan, Firmenich SA, International Flavour Ingredients & Fragrances Inc., Symrise Group, Takasago International Corporation, Mane Group, Sensient Technologies Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Flavour Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Flavour Ingredients Historical Market (2018-2023)
8.3 Global Flavour Ingredients Market Forecast (2024-2032)
8.4 Global Flavour Ingredients Market by Ingredient Type
8.4.1 Aroma Chemicals
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 By Type - Historical (2018-2023) and Forecast (2024-2032)
8.4.1.3.1 Natural
8.4.1.3.2 Synthetic
8.4.1.4 By Product - Historical (2018-2023) and Forecast (2024-2032)
8.4.1.4.1 Benzenoids
8.4.1.4.2 Musk Chemicals
8.4.1.4.3 Terpenoids
8.4.1.4.4 Others
8.4.1.5 By Application (%)
8.4.1.6 By Region (%)
8.4.2 Essential Oils
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 By Type - Historical (2018-2023) and Forecast (2024-2032)
8.4.2.3.1 Clove Oil
8.4.2.3.2 Orange Oil
8.4.2.3.3 Mentha Oil
8.4.2.3.4 Lemon Oil
8.4.2.3.5 Eucalyptus Oil
8.4.2.3.6 Lavender Oil
8.4.2.3.7 Spearmint oil
8.4.2.3.8 Rosemary Oil
8.4.2.3.9 Others
8.4.2.4 By Application (%)
8.4.2.5 By Region (%)
8.4.3 Plant Extract
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 By Source - Historical (2018-2023) and Forecast (2024-2032)
8.4.3.3.1 Vegetables
8.4.3.3.2 Fruits
8.4.3.3.3 Herbs and Spices
8.4.3.3.4 Others
8.4.3.4 By Application (%)
8.4.3.5 By Region (%)
8.4.4 Functional Ingredients
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.4.3 By Product - Historical (2018-2023) and Forecast (2024-2032)
8.4.4.3.1 Pectin
8.4.4.3.2 Protein
8.4.4.3.3 Modified Starch
8.4.4.3.4 Maltodextrin
8.4.4.3.5 Probiotics
8.4.4.3.6 Others
8.4.4.4 By Application (%)
8.4.4.5 By Region (%)
8.5 Global Flavour Ingredients Market by Product Type
8.5.1 Nature-Identical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Artificial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Natural
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Flavour Ingredients Market by Form
8.6.1 Liquid
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Dry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Flavour Ingredients Market by Application
8.7.1 Beverages
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Dairy and Frozen Desserts
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Savouries and Snacks
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Bakery and Confectionary Products
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Flavour Ingredients Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Flavour Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Flavour Ingredients Market Analysis
10.1 Spain
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Flavour Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Flavour Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Flavour Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Givaudan
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Firmenich SA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 International Flavour Ingredients & Fragrances Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Symrise Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Takasago International Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mane Group
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Sensient Technologies Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
Key Questions Answered in the Report
In 2020, the global flavour ingredients market attained a value of nearly USD 31.2 billion.
The market is projected to grow at a CAGR of 6.0% between 2024 and 2032.
The major drivers of the market include the rising demand for dairy products, continuous innovation towards the development of new flavours, growing demand for natural flavour ingredients, increasing population, rising demand for processed foods, and increasing disposable incomes.
The thriving food and beverages industry and the increasing demand for flavouring agents in various applications are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific with North America accounting for the largest share in the market.
Based on ingredient type, the market is divided into aroma chemicals, essential oils, plant extract, and functional ingredients.
Based on product type, the industry can be segmented into nature-identical, artificial, and natural.
The forms of flavour ingredients are liquid and dry.
Flavour ingredients find their major application in beverages, dairy and frozen desserts, savouriers and snacks, and bakery and confectionary products, among others.
The major players in the industry are Givaudan, Firmenich SA, International Flavour Ingredients and Fragrances Inc., Symrise Group, Takasago International Corporation, Mane Group, and Sensient Technologies Corporation, among others.
Analyst Review
The global flavour ingredients market attained a value of nearly USD 31.2 billion in 2020, driven by the thriving food and beverages industry. Aided by rising demand for dairy products and growing demand for natural flavour ingredients, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6.0%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on ingredient type, the market is divided into aroma chemicals, essential oils, plant extract, and functional ingredients. Based on product type, the industry can be segmented into nature-identical, artificial, and natural. The forms of flavour ingredients are liquid and dry. Flavour ingredients find their major application in beverages, dairy and frozen desserts, savouriers and snacks, and bakery and confectionary products, among others. The major regional markets for flavour ingredients market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa with North America accounting for the largest share in the market. The major players in the industry are Givaudan, Firmenich SA, International Flavour Ingredients and Fragrances Inc., Symrise Group, Takasago International Corporation, Mane Group, and Sensient Technologies Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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