Fragrance and flavor are strong-smelling organic compounds with usually pleasant odors. Owing to these characteristics, the fragrance and flavor are mostly used in perfumes and perfumed products and for the flavoring of food. Whether a product is called a fragrance or a flavor substance depends on its application and end use. The fragrances and flavors are derived from synthetic or natural sources. Despite extensive use of flavor and fragrances from synthetic sources, natural sources provide flavor and fragrance materials that are unique and effective.
The flavors and fragrances market is expected to grow at a significant rate owing to driving factors such as rising demand for convenience foods and rapid growth in industrialization in the developing regions like the Asia Pacific. The growing popularity of functional foods in developed countries further boost the demand for flavor and fragrance to improve the taste of food & beverages. However, Availability and prices of raw material and stringent government regulation with respect to the use of synthetic flavors and fragrances in food & beverages are the major factors hampering the growth of the market. Moreover, rising demand for natural ingredients across a large number of consumers is anticipated to create a new opportunity for the market players in the near future.
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Leading key market players mentioned in the report:-
- Bell Flavors & Fragrances
- Firmenich SA
- International Flavors & Fragrances Inc.
- Robertet Group
- Sensient Technologies Corporation
- Symrise AG
- T. Hasegawa U.S.A. Inc.
- Takasago International Corporation
The global flavors and fragrances market is segmented on the basis of source and application. On the basis of source, the flavors and fragrances market is segmented into synthetic and natural. The flavors and fragrances market on the basis of the application is classified into flavors and fragrances. The flavors segment is further bifurcated into, beverages, savory & snacks, dairy products, bakery & confectionery, and others. On the basis of fragrances, the global flavors and fragrances market is catagorised into cosmetics, detergents, soaps, and others.
Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market.
What the report features:-
- Global analysis of Flavors and Fragrances market from 2019 – 2027 illustrating the progression of the market.
- Forecast and analysis of Flavors and Fragrances market by Dosage, Route of Administration and Application from 2019 – 2027
- Forecast and analysis of Flavors and Fragrances market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
This market research report administers a broad view of the Flavors and Fragrances market on a Global basis, presenting a forecast and statistics in terms of revenue during the forecast period. It covers an illustrative study with detailed segmentation, complete research and development history, latest news and press releases. Additionally, it demonstrates the future aspects and portrays a sketch of the key players involved in the Flavors and Fragrances market’s growth in terms of revenue.
The report contains imperative and pivotal details affecting the developments and growth of the market and also talks about the restricting factors that may restrain the Flavors and Fragrances market growth during the forecast period. Segmentations of the market are examined specifically to provide knowledge for supplementary market investments. Segmentation of the market on the basis of Dosage, Route of Administration and Application are elucidated in details portraying a descriptive structure of the market trends and restrictions affecting the Flavors and Fragrances market through the segments and sub-segments.
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The report also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Flavors and Fragrances market.
The report also analyzes the factors affecting Flavors and Fragrances market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.