San Francisco, 14 November 2018 , The global flavorsand fragrance market is
expected to reach USD 28.65 billion by 2025, according to a new report by Grand
View Research, Inc. Flavors & fragrances provide lasting sensory
impressions, often determined when subtly applied via food, beverage, medical
products, and other substances. These products enhance the overall appeal and
aesthetic value of consumer goods.
Flavors
& fragrances are mostly prepared using volatile chemicals and essential
oils to deliver a particular flavor or enhance existing flavors. The products
are mainly categorized into natural and synthetic. Increasing consumer demand
for fresh and natural products has contributed to exponential segment growth.
Rising
demand for convenience and ready-to-eat meals, health, and wellness foods, as
well as technological advancements, are expected to boost market growth. Rapid
industrialization and increasing consumer disposable incomes in emerging
economies such as China and India are also projected to foster the global food
flavors market over the forecast period.
Owing to the
enormous demand for natural products, many forests have been chopped down to
derive minuscule amounts of oil. Several arable lands have also been converted
into monoculture farming lands to cultivate a single plant or crop to obtain
particular oil. This, in turn, has resulted in limited availability of raw
materials for natural products.
Flavors
& fragrances manufacturers operate through collaborations with scientists,
artists, musicians, writers, and filmmaker to tap into creative minds to expose
perfumes to new and constantly evolving creative territories and approaches.
Manufacturers also form creative teams that comprise fragrance evaluators,
perfumers, and flavorists.
Full Research Report On Flavors And Fragrance
Market Analysis:
www.grandviewresearch.com/industry-analysis/flavors-fragrances-market
www.grandviewresearch.com/industry-analysis/flavors-fragrances-market
Further key findings from the report suggest:
·
Aroma chemicals are expected to maintain
the largest market share and are likely to account for 64.6% of the revenue
generated in 2025
·
Increasing research expenditure on
developing fragrance compounds is expected to support the demand for aroma
chemicals in upcoming years
·
Essential oils are expected to emerge as
the largest as well as fastest growing natural product segment
·
Orange essential oil demand was valued at
USD 1,404.8 million in 2015
·
Fragrances application segment is estimated
to dominate the market while the valuation of flavors is projected to grow at a
CAGR of 4.1% from 2016 to 2025
·
Asia Pacific is projected to grow at the
highest CAGR on account of availability of the raw material and increasing
demand
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has segmented the
flavors and fragrances market on the basis of product, application and region:
Flavors and
Fragrances Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Natural
o
Essential Oils
o Orange
o Limonene
o Myrcene
o Others
o Corn Mint
o Menthol
o Menthone
o Others
o Eucalyptus
o Eucalyptol
o Limonene
o Others
o Pepper Mint
o Menthol
o Menthone
o Others
o Lemon
o Pinene
o Limonene
o Camphene
o
Oleoresins
o
Paprika
o
Piperine
o
Others
o
Black Pepper
o
Piperine
o
Others
o
Turmeric
o
Curcumin
o
Others
o
Ginger
o
Gingerol
o
Others
o
Others
·
Aroma Chemicals
o
Esters
o Ethyl acetate
o Benzyl acetate
o Ethyl benzoate
o Methyl decanoate
o Others
o
Alcohol
o Lauryl alcohol
o Menthol
o Others
o
Aldehyde
o Benzaldehyde
o Vanillin
o Others
o
Phenol
o Ethylvanillin
o Others
o
Others
Flavors and
Fragrances Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Flavors
o
Confectionary
o
Convenience Foods
o
Bakery Food
o
Dairy Food
o
Beverages
o
Others
·
Fragrances
o
Fine fragrances
o
Cosmetics and Toiletries
o
Soaps & Detergents
o
Others
Flavors and
Fragrances Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Middle East & Africa
o
Saudi Arabia
·
Central and South America
o
Brazil
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-flavors-fragrances-market
www.grandviewresearch.com/press-release/global-flavors-fragrances-market
About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
