San Francisco 26 April 2019 The Report Flavors and Fragrances Market Size, Share & Trends Analysis Report By Product
(Natural, Aroma), By Application (Flavors, Fragrances), By Region, And Segment
Forecasts, 2019 - 2025
The global flavors and fragrances market size is anticipated to reach USD 28.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.7% during the forecast period. Flavors and fragrances deliver long-lasting sensory impressions, when applied through medical products, beverage, food, and other substances. These products enrich the overall aesthetic value and appeal of consumer goods.
Flavors and fragrances are generally
manufactured using essential oils and volatile chemicals to enhance existing
flavors or to provide a precise flavor. The products are primarily categorized
into natural and synthetic. Rising demand for natural and fresh products has
added to exponential growth of the market.
Increasing demand for ready-to-eat and
convenience foods, health and wellness foods coupled with technological
advancements are predicted to trigger the flavors and fragrances market growth.
Increasing consumer disposable income along with rapid industrialization in
developing countries such as India and China is estimated to fuel the food
flavors market.
Owing to the massive demand for natural
products, forests have been chopped down to develop minute quantity of oil.
Numerous arable lands have also been transformed into monoculture farming lands
to nurture a single crop or plant gain a particular oil. This, in turn, has led
to restricted availability of raw materials for natural products.
Flavor and fragrance producers operate by
collaborating with artists, filmmakers, writers, musicians, and scientists to
knock into artistic minds to reveal perfumes to new as well as constantly
developing creative approaches and territories. Manufacturers also build
creative teams which comprise fragrance perfumers, flavorists, and evaluators.
Access Research Report of Flavors & Fragrances Market @ https://www.grandviewresearch.com/industry-analysis/flavors-fragrances-market
Further key findings from the report suggest:
· Aroma chemicals is projected to hold the
largest share of flavors and fragrances market with more than 70.0% in terms of
revenue by 2025
· Increasing cost of R&D for fragrance
compounds is expected to support the demand for aroma chemicals over the
forecasts period
· Essential oils are anticipated to grow as
the fastest as well as largest emerging natural product segment
· Demand for orange essential oil was valued
at USD 1.64 billion in 2018
· Fragrances application segment is predicted
to lead the market and is projected to register a CAGR of 5.0% from 2019 to
2025
· Asia Pacific is expected to register the
fastest CAGR on account of availability of raw materials and increasing demand
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances
Grand View Research has
segmented the global 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
Oleoresins
o
Others
·
Aroma Chemicals
o
Esters
o
Alcohol
o
Aldehyde
o
Phenol
o
Others
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@ https://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.
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