Global Flavors Fragrances Market by Product Types, Application, Distribution Channels and Regions — Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2020–2026

The global flavors fragrances market was valued at USD 20.75 billion in 2019 and is expanding at a CAGR of around 4.9% during the forecast period, 2020–2026.

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Adding fragrance into various products provides a fresh smell that can either be of variety of flowers to fruits and essential oils. The demand for flavor and fragrances has significantly risen as it is an essential component in various packaged and consumer goods. Over the coming years, the flavors fragrance market is expected to grow at a significant rate. The demand for flavor and fragrance is high in toiletries, food and beverages, perfumes, cosmetics, and household products. emerging middle class in developing economies has also contributed to the growth of this market.

Market Trends, Drivers, Restraints, and Opportunities:

• Increasing demand from application industries such as food, beverages, cosmetics and toiletries and rapidly changing market conditions are some of the key trends driving the growth of flavors fragrances market and thus fueling the growth of the market.
• Growing demand for personal care products coupled with food and beverages is projected to trigger market growth over the forecast period.
• Increasing use of flavors in pharmaceutical, dietary supplements, and nutraceuticals is projected to drive the growth of this market.
• High disposable income and rapid urbanization are the major factors fueling the growth of this market.
• New product launches, and economic prices of personal care products are anticipated to be extremely influential factors contributing to the growth of the fragrance market.
• Increasing investment in new product developments to cater to demand from personal care, home care, automotive, pharmaceutical, and hospitality industries is anticipated to fuel the growth of the market.
• Fluctuating prices of raw material, is a key restraint of the market during the forecast period.
• Strict rules and regulation imposed by various government across countries on using flavors and fragrances hampers the market growth rate.
• Globally, the retail space is widening, which is one of the positive trends that is going to foster the growth of the market during the forecast period.

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Competitive Landscape:

Major companies in the global flavors fragrances market include Givaudan SA, Symrise AG, Firmenich SA, Agilex Flavors & Fragrances Inc., International Flavors & Fragrances, Inc., Aromatech SAS, and Bedoukian Research, Inc. and many more.

The Global Flavors Fragrances Market has been segmented based on:

Product Types

• Natural
• Aroma

Application

• Food
• Beverages
• Beauty and Personal Care

Distribution Channel

• Store-Based
• Supermarkets & Hypermarkets
• Convenience Stores

Regions

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America

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Table of Contents

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flavors Fragrances Market Overview
5. Global  Flavors Fragrances Market Analysis and Forecast by Type
6. Global  Flavors Fragrances Market Analysis and Forecast by Application
7. Global  Flavors Fragrances Market Analysis and Forecast by Sales Channel
8. Global  Flavors Fragrances Market Analysis and Forecast by Region
9. North  Flavors Fragrances Market Analysis and Forecast
10. Latin  Flavors Fragrances Market Analysis and Forecast
11. Europe  Flavors Fragrances Market Analysis and Forecast
12. Asia Pacific  Flavors Fragrances Market Analysis and Forecast
13. Middle East & Africa  Flavors Fragrances Market Analysis and Forecast
14. Competition Landscape

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