The new report by Expert Market Research titled, ‘Global Flavours and Fragrances Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global flavours and fragrances market, assessing the market based on its segments like product types, forms, ingredients, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/flavours-and-fragrances-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 28.90 billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 38.95 billion
The flavours and fragrances market is being driven by the increasing product demand for various applications in industries like food and beverages, personal care, and others. The growing demand for refreshing beverages with low calories, coupled with the rising disposable income and increasing living standards in developing economies of the world, is likely to bolster the demand for nature-identical flavours, thus aiding the flavours and fragrances industry. Thus, the increasing penetration of nature-identical flavouring agents in the beverage industry is expected to further aid the market in the forecast period. On the other hand, the rising demand for fragrances in soap, detergents, toiletries, and other products to attract consumers and enhance their experience, is further propelling the market growth. The market in the forecast period, will further be propelled by the rising demand for natural flavours in dessert and dairy products such as caramel latte, chocolate yogurt, and pineapple ice cream, among others.
Industry Definition and Major Segments
Flavour refers to a specific taste of a substance, while fragrance refers to particular smell of that substance. These are usually added to both food and non-food products. Food products may include dairy, beverage, dessert, and others, while non-food products include toiletries, soaps, and detergents, among various others.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/flavours-and-fragrances-market
On the basis of product type, the global flavours market is divided into:
- Nature-Identical
- Artificial
- Natural
Among these, nature identical flavouring agents account for a major share in the market.
Based on form, the flavours industry is bifurcated into:
Among these, the liquid segment accounts for the largest share in the market.
The significant applications of flavours include:
- Beverages
- Dairy and Frozen Desserts
- Savouries and Snacks
- Bakery and Confectionery Products
- Others
The global fragrances market, based on ingredients, is divided into:
- Synthetic
- Natural
The significant applications of fragrances include:
- Soap and Detergents
- Cosmetics and toiletries
- Fine Fragrances
- Household Cleaners and Fresheners
- Others
Latest Global News on Flavours and Fragrances Market@ https://www.expertmarketresearch.com/pressrelease/flavours-and-fragrances-market
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Europe is the largest flavours and fragrances market globally.
Market Trends
The global flavours and fragrances market is expected to be driven by the rising innovation and development of new flavours in the industry, which are anticipated to gain significant popularity in the forecast period. These include desserts with flavours like pineapple, vanilla, and fruits, among others. Furthermore, with improving living standards and rising disposable income, the demand for fine fragrances among consumers is expected to witness a considerable growth. This will further augment the market growth in the forecast period.
Key Market Players
The major players in the market are Givaudan, Firmenich SA, International Flavors & Fragrances, Inc., Symrise Group, Takasago International Corporation, Mane Group, Sensient Technologies Corporation, and ADM, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Global Chitosan Market: https://www.expertmarketresearch.com/reports/chitosan-market
Global Onyx Stone Market: https://www.expertmarketresearch.com/reports/onyx-stone-market
Service Robotics Market: https://www.expertmarketresearch.com/reports/service-robotics-market
Water Clarifiers Market: https://www.expertmarketresearch.com/reports/water-clarifiers-market
Global Reishi Mushroom Extract Market: https://www.expertmarketresearch.com/reports/reishi-mushroom-extract-market
Global Chlorinated Paraffin Wax Market: https://www.expertmarketresearch.com/reports/chlorinated-paraffin-wax-market-report
Global Pigmentation Disorder Treatment Market: https://www.expertmarketresearch.com/reports/pigmentation-disorder-treatment-market
Insulated-Gate Bipolar Transistors (IGBT) Market: https://www.expertmarketresearch.com/reports/insulated-gate-bipolar-transistors-igbt-market
Global Redundant Array of Independent Disks (RAID) Market: https://www.expertmarketresearch.com/reports/redundant-array-of-independent-disks-raid-market
Contract Development and Manufacturing Organization (CDMO) Market: https://www.expertmarketresearch.com/reports/contract-development-and-manufacturing-organization-cdmo-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Also Visit: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you with Infallible research solutions.
*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.
