Flavour and Fragrance Market is expected to grow USD 43.9 Bn by 2030

by Deepak gour on May 13, 2022 Finance 177 Views

Description

According to the Market Statsville Group (MSG), the global flavour and fragrance market size is expected to grow from USD 29.3 billion in 2021 to USD 43.9 billion by 2030, at a CAGR of 5.2from 2022 to 2030Personal care is a significant application segment, owing to the increase in demand for deodorants, soaps, creams, talcum powders, perfumes, and hair oils. The rise in demand for car and room fresheners and the increase in popularity of aromatherapy are anticipated to drive the growth of the fragrance ingredients market. The hospitality sector is also experiencing a growth in demand for fragrances to create a pleasant atmosphere. Fragrances are widely approved for industrial use, such as ambiance fragrances for consumer durables and personal care accessories, which was an unexplored category previously. In addition, owing to growth in disposable income, more local consumers, especially young consumers, opt for quality goods. In the wake of the global pandemic, a greater focus on hygiene products has driven the market for new and creative fragrances used in products such as hand washes, sanitizers, and floor cleaners. Moreover, in 2021, the synthetic segment had the largest market share based on the nature in the global flavour and fragrance market.

The global food flavours industry is being driven by an increase in demand for ready-to-eat meals and fast food. Other factors that contribute to the growth of flavour products include innovative technologies, the introduction of new flavours, and a large inflow of investment in R&D activities. Natural flavours are becoming more popular as people become more health-conscious. Furthermore, the flavors and fragrance market has grown due to a high demand for flavours in European countries to produce commercialized clean label or green food products that are free of additives and other harmful chemicals.

Request For Report Sample: https://www.marketstatsville.com/request-sample/flavour-and-fragrance-market 

Scope of the Global Flavour and Fragrance Market

The study categorizes the flavour and fragrance market based on type, nature, application, and region.

By Type Outlook (Sales, USD Million, 2017-2030)

  • Flavors
  • Fragrance

By Nature Outlook (Sales, USD Million, 2017-2030)

  • Natural
  • Synthetic

By Application Outlook (Sales, USD Million, 2017-2030)

  • Natural
  • Synthetic

Request For Report TOC: https://www.marketstatsville.com/table-of-content/flavour-and-fragrance-market 

By Region Outlook (Sales, USD Million, 2017-2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • Slovenia
    • Slovakia
    • the Netherlands
    • Belgium
    • Norway
    • Denmark
    • Czech Republic
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
    • The Philippines
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Report Analysis: https://www.marketstatsville.com/flavour-and-fragrance-market 

Key Market Players in the Global Flavour and Fragrance Market

The global flavour and fragrance market is highly competitive. Key industry players adopt various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions.

Major players in the market are:

  • Firmenich SA
  • Frutarom Industries Ltd.
  • PLC, Robertet SA
  • S H Kelkar and Company Limited
  • Sensient Technologies Corporation
  • Givaudan International SA
  • Huabao International Holdings Limited
  • Kerry Group
  • Symrise AG
  • International Flavors & Fragrances, Inc.

Article source: https://article-realm.com/article/Finance/22274-Flavour-and-Fragrance-Market-is-expected-to-grow-USD-43-9-Bn-by-2030.html

Reviews

Guest

Overall Rating:

Comments

No comments have been left here yet. Be the first who will do it.
Safety

captchaPlease input letters you see on the image.
Click on image to redraw.

Most Viewed Articles

Statistics

Members
Members: 13874
Publishing
Articles: 58,269
Categories: 202
Online
Active Users: 1034
Members: 10
Guests: 1024
Bots: 6299
Visits last 24h (live): 3557
Visits last 24h (bots): 15321

Latest Comments

Thank you! I'm glad you found the quote valuable. <a href="https://dahlcore.com/armed-security-guard">Armed Security New York</a>        
 Apartments are the affordable choice to lead a stress-free life with your family and friends. color blind test
What are your thoughts on the attractiveness of the way connections game appears?
Translation services in Dubai have become essential for businesses looking to expand their reach globally. With the diverse population and international business community in Dubai, the need for...
on Mar 23, 2024 about Interpreters in Dubai
<a href="https://rummystar.io/">rummystar</a> <br>  
on Mar 23, 2024 View Subject