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GCC Flavours and Fragrances Market: By Segment: Flavours, Flavours; By Type; By Form; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

GCC Flavours and Fragrances Market Outlook

The GCC flavours and fragrances market is being aided by the growth of the MEA flavours and fragrances industry, which attained a value of about USD 2.6 billion in 2020. The MEA flavours and fragrances industry is further expected to grow at a CAGR of 6% during the forecast period of 2021-2026 to reach approximately USD 3.7 billion by 2026.

 

Rising Demand for Ingenious Fragrances to Aid the Market Growth of Flavours and Fragrances in GCC

The fragrance segment is the fastest-growing sector of the GCC market for flavours and fragrances. It is primarily being driven by the rise in the economic growth of the region owing to rapid infrastructural projects and foreign investments in the region. As a result of rising standards of living, the fragrances industry in the region is witnessing robust demand for perfumes, attars, incense sticks, and aroma oils, among others. In addition, owing to the presence of world-famous natural fragrances in the GCC region, the hospitality sector in countries like the United Arab Emirates is pushing the sales of ingenious fragrances from duty-free sales, thus invigorating the market growth.

 

GCC Flavours and Fragrances Market

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Furthermore, the utilisation of fragrances in cosmetics and toiletries products is further influencing the industry growth of the region. The cosmetic market in the GCC region is being aided by new and innovative personal care and cosmetic products by market players, thus generating robust demand for natural fragrances. Moreover, the export of natural and synthetic flavours in the international market is further augmenting the market growth of the flavours and fragrances in the GCC region.

 

Flavours and Fragrances: Industry Definition and Segmentation

Flavours refer to ingredients that are added to consumable items like beverages, bakery products, and other food items to enhance the taste and aroma. Fragrance, on the other hand, refers to a pleasing odour commonly found in products like perfumes, cosmetics, and detergents, among others.

The overall market is broadly categorised into two segments:

  • Flavours 
  • Fragrances

The GCC market for flavours, on the basis of type, can be segmented into:

  • Artificial
  • Natural 
  • Nature-Identical

Based on form, the GCC market for flavours can be categorised into:

  • Liquid
  • Dry

On the basis of application, the GCC market for flavours can be divided into:

  • Beverages
  • Dairy and Frozen Desserts
  • Savouries and Snacks
  • Bakery and Confectionary Products
  • Others

The GCC fragrances industry, on the basis of type, can be classified into:

  • Synthetic 
  • Natural

On the basis of application, the GCC market for fragrances can be divided into:

  • Soap and Detergents
  • Cosmetics and Toiletries
  • Fine Fragrances
  • Household Cleaners and Fresheners
  • Others

The EMR report looks into the markets of flavours and fragrances in the GCC region like Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman.

 

Rise in Demand from the Hospitality Sector and the International Market to Augment the Overall Market Growth

The flavours segment of the GCC market for flavours and fragrances is being driven by the demand from the hospitality sector. GCC countries like the United Arab Emirates and Kuwait are witnessing expansion in the tourism and hospitality sector, along with cultural expansion owing to investments in the industrial sector. Thus, the cultural diversity in the region is augmenting the flavours segment of the market to meet the varied food demands. Furthermore, in compliance with the rise in working populations, increasing acceptance of healthy food items in the canned, frozen, and traditional forms are raising the demand for natural flavours, thereby boosting the market growth.

In addition, increasing investments and expansion by global leaders in the market to develop products catering to the region’s local tastes and preferences are further bolstering the industry growth. Investments in research and development (R&D) to include the latest trends and adapt to the changing demands from the consumers are aiding the growth of the industry. Furthermore, the outburst of coronavirus has led to a rise in the consumption of spices like turmeric and spices, owing to the health benefits associated with it. The gulf region is generating robust demand from the international market; thus, exports of spices and natural flavours are bolstering the industry growth.

 

Key Industry Players in the GCC Flavours and Fragrances Market

The report presents a detailed analysis of the following key players in the GCC flavours and fragrances market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • International Flavors & Fragrances Inc.
  • Givaudan SA
  • Firmenich SA
  • Gulf Flavours & Food Ingredients FZCO
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Segment, Type, Form, Application, Country
Breakup by Segment Flavours, Fragrances
GCC Flavours Market Breakup by Type Artificial, Natural, Nature-Identical
GCC Flavours Market Breakup by Form Liquid, Dry
GCC Flavours Market by Breakup Application Beverages, Dairy and Frozen Desserts, Savouries and Snacks, Bakery and Confectionary Products, Others
GCC Fragrances Market by Breakup Type Synthetic, Natural
GCC Fragrances Market by Breakup Application Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Cleaners and Fresheners, Others
Breakup by Country Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, Oman
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered International Flavors & Fragrances Inc., Givaudan SA, Firmenich SA, Gulf Flavours & Food Ingredients FZCO, 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    GCC
7    Industry Opportunities and Challenges
8    GCC Flavours and Fragrances Market Analysis

    8.1    Key Industry Highlights
    8.2    GCC Flavours and Fragrances Historical Market (2016-2020) 
    8.3    GCC Flavours and Fragrances Market Forecast (2021-2026)
    8.4    GCC Flavours and Fragrances Market by Segment
        8.4.1    Market Share
            8.4.1.1    Flavours
            8.4.1.2    Fragrances
9    GCC Flavours Market Analysis
    9.1    Key Industry Highlights
    9.2    GCC Flavours Historical Market (2016-2020) 
    9.3    GCC Flavours Market Forecast (2021-2026)
    9.4    GCC Flavours Market by Type
        9.4.1    Artificial
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2016-2020)
            9.4.1.3    Forecast Trend (2021-2026)
        9.4.2    Natural
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2016-2020)
            9.4.2.3    Forecast Trend (2021-2026)
        9.4.3    Nature-Identical
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2016-2020)
            9.4.3.3    Forecast Trend (2021-2026)
    9.5    GCC Flavours Market by Form
        9.5.1    Liquid
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2016-2020)
            9.5.1.3    Forecast Trend (2021-2026)
        9.5.2    Dry
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2016-2020)
            9.5.2.3    Forecast Trend (2021-2026)
    9.6    GCC Flavours Market by Application
        9.6.1    Beverages
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2016-2020)
            9.6.1.3    Forecast Trend (2021-2026)
        9.6.2    Dairy and Frozen Desserts
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2016-2020)
            9.6.2.3    Forecast Trend (2021-2026)
        9.6.3    Savouries and Snacks
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2016-2020)
            9.6.3.3    Forecast Trend (2021-2026)
        9.6.4    Bakery and Confectionary Products
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2016-2020)
            9.6.4.3    Forecast Trend (2021-2026)
        9.6.5    Others
    9.7    GCC Flavours Market by Country
        9.7.1    Market Share
            9.7.1.1    Saudi Arabia
            9.7.1.2    United Arab Emirates
            9.7.1.3    Kuwait
            9.7.1.4    Qatar
            9.7.1.5    Bahrain
            9.7.1.6    Oman
10    GCC Fragrances Market Analysis
    10.1    Key Industry Highlights
    10.2    GCC Fragrances Historical Market (2016-2020) 
    10.3    GCC Fragrances Market Forecast (2021-2026)
    10.4    GCC Fragrances Market by Type
        10.4.1    Synthetic
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2016-2020)
            10.4.1.3    Forecast Trend (2021-2026)
        10.4.2    Natural
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2016-2020)
            10.4.2.3    Forecast Trend (2021-2026)
    10.5    GCC Fragrances Market by Application
        10.5.1    Soap and Detergents
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2016-2020)
            10.5.1.3    Forecast Trend (2021-2026)
        10.5.2    Cosmetics and Toiletries
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2016-2020)
            10.5.2.3    Forecast Trend (2021-2026)
        10.5.3    Fine Fragrances
            10.5.3.1    Market Share
            10.5.3.2    Historical Trend (2016-2020)
            10.5.3.3    Forecast Trend (2021-2026)
        10.5.4    Household Cleaners and Fresheners
            10.5.4.1    Market Share
            10.5.4.2    Historical Trend (2016-2020)
            10.5.4.3    Forecast Trend (2021-2026)
        10.5.5    Others
    10.6    GCC Fragrances Market by Country
        10.6.1    Market Share
            10.6.1.1    Saudi Arabia
            10.6.1.2    United Arab Emirates
            10.6.1.3    Kuwait
            10.6.1.4    Qatar
            10.6.1.5    Bahrain
            10.6.1.6    Oman
11    Regional Analysis
    11.1    Saudi Arabia
        11.1.1    Historical Trend (2016-2020)
        11.1.2    Forecast Trend (2021-2026)
    11.2    United Arab Emirates
        11.2.1    Historical Trend (2016-2020)
        11.2.2    Forecast Trend (2021-2026)
    11.3    Kuwait
        11.3.1    Historical Trend (2016-2020)
        11.3.2    Forecast Trend (2021-2026)
    11.4    Qatar
        11.4.1    Historical Trend (2016-2020)
        11.4.2    Forecast Trend (2021-2026)
    11.5    Bahrain
        11.5.1    Historical Trend (2016-2020)
        11.5.2    Forecast Trend (2021-2026)
    11.6    Oman
        11.6.1    Historical Trend (2016-2020)
        11.6.2    Forecast Trend (2021-2026)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyers Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    EMR’s Key Indicators for Demand
    12.4    EMR’s Key Indicators for Price
13    Value Chain Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    International Flavors & Fragrances Inc.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Givaudan SA
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Firmenich SA
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Gulf Flavours & Food Ingredients FZCO
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Figures and Tables

1.    GCC Flavours and Fragrances Market: Key Industry Highlights, 2016 and 2026
2.    GCC Flavours and Fragrances Historical Market: Breakup by Segment (Million Tons), 2016-2020
3.    GCC Flavours and Fragrances Market Forecast: Breakup by Segment (Million Tons), 2021-2026
4.    GCC Flavours Market: Key Industry Highlights, 2016 and 2026
5.    GCC Flavours Historical Market: Breakup by Type (Million Tons), 2016-2020
6.    GCC Flavours Market Forecast: Breakup by Type (Million Tons), 2021-2026
7.    GCC Flavours Historical Market: Breakup by Form (Million Tons), 2016-2020
8.    GCC Flavours Market Forecast: Breakup by Form (Million Tons), 2021-2026
9.    GCC Flavours Historical Market: Breakup by Application (Million Tons), 2016-2020
10.    GCC Flavours Market Forecast: Breakup by Application (Million Tons), 2021-2026
11.    GCC Flavours Historical Market: Breakup by Country (Million Tons), 2016-2020
12.    GCC Flavours Market Forecast: Breakup by Country (Million Tons), 2021-2026
13.    GCC Fragrances Market: Key Industry Highlights, 2016 and 2026
14.    GCC Fragrances Historical Market: Breakup by Type (Million Tons), 2016-2020
15.    GCC Fragrances Market Forecast: Breakup by Type (Million Tons), 2021-2026
16.    GCC Fragrances Historical Market: Breakup by Application (Million Tons), 2016-2020
17.    GCC Fragrances Market Forecast: Breakup by Application (Million Tons), 2021-2026
18.    GCC Fragrances Historical Market: Breakup by Country (Million Tons), 2016-2020
19.    GCC Fragrances Market Forecast: Breakup by Country (Million Tons), 2021-2026
20.    GCC Flavours and Fragrances Market Structure

Key Questions Answered in the Report

The GCC flavours and fragrances market is being aided by the growth of the MEA flavours and fragrances industry, which attained a value of nearly USD 2.6 billion in 2020.

The associated MEA flavours and fragrances industry is projected to grow at a CAGR of 6% in the forecast period of 2021-2026.

The associated MEA flavours and fragrances industry is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 3.7 billion by 2026.

The market is being driven by the rising demand for ingenious fragrances, enhancing standards of living, rapid infrastructural projects and foreign investments in the region.

The GCC flavours and fragrances industry is expected to be positively influenced by the investments in research and development (R&D) to include the latest trends and adapt to the changing demands from the consumers.

The major markets for flavours and fragrances in the GCC region are Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman.

The different types of flavours are artificial, natural, and nature-identical.

On the basis of form, the flavours market can be categorised into liquid and dry.

The GCC market for flavours finds its application in beverages, dairy and frozen desserts, savouries and snacks, and bakery and confectionary products, among others.

On the basis of type, the fragrances industry can be categorised into synthetic and natural.

The GCC market for fragrances finds applications in soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and fresheners, among others.

The major players in the industry are International Flavors & Fragrances Inc., Givaudan SA, Firmenich SA, and Gulf Flavours & Food Ingredients FZCO, among others.

Analyst Review

The GCC flavours and fragrances market is being aided by the growth of the MEA flavours and fragrances industry, which attained a value of about USD 2.6 billion in 2020. The market was driven by the rising demand for ingenious fragrances during the historical period. Aided by new and innovative developments by key players, the associated MEA flavours and fragrances industry is expected to grow at a CAGR of 6% in the forecast period of 2021-2026 to reach nearly USD 3.7 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. The GCC market for flavours, on the basis of type is divided into artificial, natural, and nature-identical. Based on form, the GCC market for flavours can be segmented into liquid and dry. On the basis of applications, the GCC market for flavours can be categorised into beverages, dairy and frozen desserts, savouries and snacks, and bakery and confectionary products, among others. The GCC market for fragrances, based on type, can be divided into synthetic and natural. Based on application, the GCC market for fragrances can broadly be classified into soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and fresheners, among others. The major regional markets for flavours and fragrances in the GCC region are Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman. They key players in the industry are International Flavors & Fragrances Inc., Givaudan SA, Firmenich SA, and Gulf Flavours & Food Ingredients FZCO, 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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