Flavors & Fragrances

As Quoted In Perfumer & Flavorist

Advances will be fueled by consumer interest in more complex, exotic and authentic flavors and fragrances, as well as their increasing use as marketing tools and product differentiators.

US demand to rise 3% annually through 2014

The US market for flavors and fragrances is forecast to rise 3.0 percent annually to $5.5 billion in 2014. Demand will benefit from an improving economic outlook, as well as continued expansion in the food, beverage, and cosmetic and toiletry sectors. Advances will be fueled by consumer interest in more complex, exotic and authentic flavors and fragrances, as well as the increasing utilization of these products as marketing tools and product differentiators.

Food market to benefit from health concerns

Gains in the flavor segment will be triggered by heightened health concerns among the US population. New dietary guidelines, The National Salt Reduction Initiative, and Wal-Mart’s recently announced plan to cut down on sodium and sugar in thousands of packaged food products, will further drive the trend toward healthier eating options. The widespread reformulation of food products will promote demand for flavors, as processors seek innovative ways to improve the taste of foods with reduced sodium, sugar and fat content.

Skin care, environmental products to grow fastest

In the cosmetic and toiletry market, skin care products will provide strong advances, propelled by demand for natural products and the incorporation of beneficial ingredients into skin care formulations. As the large baby boomer population approaches age 65, gains will be fueled by greater demand for highvalue skin care products designed specifically for mature skin. Such cosmetics and toiletries often contain malodorous active ingredients that require masking with high fragrance loadings. Demand will also benefit from the continued introduction of lotions and other skin care products that are marketed primarily on the basis of scent, rather than functionality. However, overall advances will be limited by competition from fragrance-free products.

Environmental fragrance goods represent a small, but growing market. Following the recession that began in late 2007, consumers are spending more time at home and are increasingly interested in enhancing their living spaces through the use of air care products, particularly those that complement their home’s décor with attractive designs. However, while consumers are increasingly willing to experiment with new products and scents, fragrance demand will be negatively impacted by the fragrance bans in schools, churches and various workplaces. Furthermore, this market will face challenges as concerns rise about the presence of potentially harmful chemicals, such as phthalates, in certain air care products.

Study Scope

This study analyzes the $4.8 billion US flavor and fragrance industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by market (e.g., food, cosmetics and toiletries, cleaning products, environmental fragrance goods, beverages) and product (e.g., flavor blends, fragrance blends, essential oils and natural extracts, aroma chemicals).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 industry players, including Givaudan, International Flavors & Fragrances and Firmenich.

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Purchase Flavors & Fragrances by the Section

  1. Flavors & Fragrances

    $4,900.00

    1. 1 INTRODUCTION

      $126.00

    2. 2 EXECUTIVE SUMMARY

      $153.00

      1. Table | FLAVOR & FRAGRANCE DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,268.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $191.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $140.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Personal Consumption Expenditures

        $94.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

      5. 3.5 Historical Market Trends

        $111.00

        1. Table | FLAVOR & FRAGRANCE MARKET, 1999-2009

      6. 3.6 Pricing Patterns

        $135.00

        1. Table | FLAVOR & FRAGRANCE PRICING (dollars per pound)

      7. 3.7 Environmental & Regulatory Issues

        $362.00

        1. 3.7.1 Flavors

          $186.00

        2. 3.7.2 Fragrances

          $157.00

      8. 3.8 International Activity

        $82.00

      9. 3.9 Foreign Trade

        $118.00

        1. Table | FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        2. 3.9.1 Imports

          $82.00

        3. 3.9.2 Exports

          $82.00

    4. 4 MARKETS

      $4,336.00

      1. 4.1 General

        $152.00

        1. Table | FLAVOR & FRAGRANCE DEMAND BY MARKET (million dollars)

      2. 4.2 Food

        $1,053.00

        1. 4.2.1 Industry Overview

          $127.00

          1. Table | FOOD SHIPMENTS (billion dollars)

        2. 4.2.2 Flavor Demand

          $907.00

          1. Table | FOOD: FLAVOR DEMAND (million dollars)

          2. Table | PROCESSED FOOD: FLAVOR DEMAND (million dollars)

          3. Table | DAIRY PRODUCTS: FLAVOR DEMAND (million dollars)

          4. Table | BAKERY PRODUCTS: FLAVOR DEMAND (million dollars)

          5. Table | CANDY & CONFECTIONERIES: FLAVOR DEMAND (million dollars)

          6. Table | OTHER FOOD: FLAVOR DEMAND (million dollars)

      3. 4.3 Cosmetics & Toiletries

        $960.00

        1. 4.3.1 Industry Overview

          $110.00

          1. Table | COSMETIC & TOILETRY SHIPMENTS (million dollars)

        2. 4.3.2 Flavor & Fragrance Demand

          $819.00

          1. Table | COSMETICS & TOILETRIES: FLAVOR & FRAGRANCE DEMAND (million dollars)

          2. Table | PERFUMES & COLOGNES: FRAGRANCE DEMAND (million dollars)

          3. Table | SKIN CARE PRODUCTS: FRAGRANCE DEMAND (million dollars)

          4. Table | SOAPS & BODY WASHES: FRAGRANCE DEMAND (million dollars)

          5. Table | OTHER COSMETICS & TOILETRIES: FLAVOR & FRAGRANCE DEMAND (million dollars)

      4. 4.4 Cleaning Products

        $778.00

        1. 4.4.1 Industry Overview

          $112.00

          1. Table | CLEANING PRODUCT SHIPMENTS (million dollars)

        2. 4.4.2 Fragrance Demand

          $649.00

          1. Table | CLEANING PRODUCTS: FRAGRANCE DEMAND (million dollars)

          2. Table | LAUNDRY DETERGENTS: FRAGRANCE DEMAND (million dollars)

          3. Table | POLISHES & SANITATION GOODS: FRAGRANCE DEMAND (million dollars)

          4. Table | DISHWASHING DETERGENTS & OTHER CLEANERS: FRAGRANCE DEMAND (million dollars)

      5. 4.5 Environmental Fragrance Goods

        $618.00

        1. 4.5.1 Industry Overview

          $210.00

          1. Table | ENVIRONMENTAL FRAGRANCE GOODS INDICATORS

        2. 4.5.2 Fragrance Demand

          $391.00

          1. Table | ENVIRONMENTAL FRAGRANCE GOODS: FRAGRANCE DEMAND (million dollars)

          2. Table | AIR FRESHENERS & DEODORIZERS: FRAGRANCE DEMAND (million dollars)

          3. Table | CANDLES: FRAGRANCE DEMAND (million dollars)

          4. Table | POTPOURRI & OTHER ENVIRONMENTAL FRAGRANCE GOODS: FRAGRANCE DEMAND (million dollars)

      6. 4.6 Beverages

        $630.00

        1. 4.6.1 Industry Overview

          $126.00

          1. Table | BEVERAGE SHIPMENTS

        2. 4.6.2 Flavor Demand

          $465.00

          1. Table | BEVERAGES: FLAVOR DEMAND (million dollars)

          2. Table | CARBONATED SOFT DRINKS: FLAVOR DEMAND (million dollars)

          3. Table | OTHER BEVERAGES: FLAVOR DEMAND (million dollars)

      7. 4.7 Other Markets

        $144.00

        1. Table | OTHER MARKETS: FLAVOR & FRAGRANCE DEMAND (million dollars)

    5. 5 PRODUCTS

      $2,532.00

      1. 5.1 General

        $98.00

        1. Table | FLAVOR & FRAGRANCE DEMAND BY PRODUCT (million dollars)

      2. 5.2 Flavor Blends

        $640.00

        1. Table | FLAVOR BLEND DEMAND (million dollars)

        2. 5.2.1 Fruity

          $86.00

        3. 5.2.2 Savory

          $82.00

        4. 5.2.3 Cheese & Other Dairy

          $82.00

        5. 5.2.4 Meat

          $107.00

        6. 5.2.5 Other Flavor Blends

          $83.00

      3. 5.3 Fragrance Blends

        $305.00

        1. Table | FRAGRANCE BLEND DEMAND (million dollars)

        2. 5.3.1 Product Characteristics

          $82.00

        3. 5.3.2 New Applications

          $94.00

      4. 5.4 Essential Oils & Natural Extracts

        $1,010.00

        1. Table | ESSENTIAL OIL & NATURAL EXTRACT DEMAND (million dollars)

        2. 5.4.1 Citrus Oils

          $417.00

          1. Table | CITRUS OIL DEMAND (million dollars)

          2. Table | LEMON OIL DEMAND (million dollars)

          3. Table | ORANGE OIL DEMAND (million dollars)

          4. Table | OTHER CITRUS OIL DEMAND (million dollars)

        3. 5.4.2 Mint Oils

          $335.00

          1. Table | MINT OIL DEMAND (million dollars)

          2. Table | PEPPERMINT OIL DEMAND (million dollars)

          3. Table | SPEARMINT & OTHER MINT OIL DEMAND (million dollars)

        4. 5.4.3 Other Essential Oils & Natural Extracts

          $111.00

          1. Table | OTHER ESSENTIAL OIL & NATURAL EXTRACT DEMAND (million dollars)

      5. 5.5 Aroma Chemicals

        $479.00

        1. Table | AROMA CHEMICAL DEMAND (million dollars)

        2. 5.5.1 Demand by Class

          $165.00

          1. Table | SYNTHETIC AROMA CHEMICAL DEMAND (million dollars)

          2. Table | NATURAL AROMA CHEMICAL DEMAND (million dollars)

        3. 5.5.2 Demand by Type

          $204.00

    6. 6 INDUSTRY STRUCTURE

      $4,931.00

      1. 6.1 General

        $149.00

        1. Table | US FLAVOR & FRAGRANCE SALES BY COMPANY, 2009 (million dollars)

      2. 6.2 Market Share

        $315.00

      3. 6.3 Mergers & Acquisitions

        $123.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 6.4 Competitive Strategies

        $255.00

        1. 6.4.1 Product Differentiation

          $82.00

        2. 6.4.2 Market Segmentation

          $82.00

        3. 6.4.3 Cooperative Agreements

          $123.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 6.5 Research & Development

        $434.00

        1. Table | R&D SPENDING PATTERNS: SELECTED FLAVOR & FRAGRANCE SUPPLIERS (percent of corporate revenues)

        2. 6.5.1 Natural Flavors & Fragrances

          $82.00

        3. 6.5.2 Biotechnology

          $101.00

        4. 6.5.3 Delivery Systems

          $146.00

      6. 6.6 Production Methods

        $112.00

      7. 6.7 Marketing & Distribution

        $89.00

      8. 6.8 Company Profiles

        $3,757.00

        1. 6.8.1 Agilex Flavors & Fragrances Incorporated

          $82.00

        2. 6.8.2 Aromatech France

          $82.00

        3. 6.8.3 BASF SE

          $135.00

        4. 6.8.4 Bedoukian Research Incorporated

          $82.00

        5. 6.8.5 Bell Flavors & Fragrances Incorporated

          $123.00

        6. 6.8.6 Belmay Incorporated

          $82.00

        7. 6.8.7 Cargill Incorporated

          $82.00

        8. 6.8.8 Comax Flavors

          $82.00

        9. 6.8.9 ConAgra Foods Incorporated

          $82.00

        10. 6.8.10 Firmenich SA

          $170.00

        11. 6.8.11 Flavorchem Corporation

          $82.00

        12. 6.8.12 Givaudan SA

          $279.00

        13. 6.8.13 Hasegawa (T.) Company Limited

          $82.00

        14. 6.8.14 ICC Industries Incorporated

          $134.00

        15. 6.8.15 International Flavors & Fragrances Incorporated

          $290.00

        16. 6.8.16 Kao Corporation

          $100.00

        17. 6.8.17 Kerry Group plc

          $122.00

        18. 6.8.18 LyondellBasell Industries NV

          $82.00

        19. 6.8.19 Mane (V.) Fils SA

          $82.00

        20. 6.8.20 McCormick & Company Incorporated

          $88.00

        21. 6.8.21 Michael (David) & Company Incorporated

          $103.00

        22. 6.8.22 Naturex SA

          $82.00

        23. 6.8.23 Polarome International Incorporated

          $82.00

        24. 6.8.24 Renessenz LLC

          $82.00

        25. 6.8.25 Rhodia SA

          $114.00

        26. 6.8.26 Robertet SA

          $104.00

        27. 6.8.27 Royal DSM NV

          $91.00

        28. 6.8.28 Sensient Technologies Corporation

          $209.00

        29. 6.8.29 Symrise AG

          $181.00

        30. 6.8.30 Takasago International Corporation

          $96.00

        31. 6.8.31 Todd (AM) Company

          $82.00

        32. 6.8.32 Treatt (RC) plc

          $101.00

        33. 6.8.33 Ungerer & Company

          $91.00

        34. 6.8.34 Vigon International Incorporated

          $110.00

        35. 6.8.35 WILD (Rudolf) GmbH & Company KG

          $129.00

      9. 6.9 Other Companies Mentioned in Study

        $84.00

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