San Francisco, 12
November 2018: The global flavors and 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.
Access Research Report
of 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
·
Aroma Chemicals
Flavors and Fragrances Application Outlook (Revenue, USD
Million, 2014 - 2025)
·
Flavors
·
Fragrances
Flavors and Fragrances Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central and South America
Access Press Release of
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.
No comments:
Post a Comment