Flavors & Fragrances

Demand will benefit from favorable wellness, demographic, and macroeconomic trends that will increase consumption of goods containing flavors and fragrances.

US demand to rise 4.6% annually through 2017

The market for flavors and fragrances in the US is forecast to advance 4.6 percent per year to $7.1 billion in 2017. Demand will benefit from favorable wellness, demographic, and macroeconomic trends. Increasing consumption of goods that contain flavors and fragrances -- along with regular reformulation of and innovation in these goods, and thus in flavors and fragrances -- will drive growth. The most rapid demand gains are expected for essential oils and extracts, reflecting burgeoning consumer interest in natural ingredients.

Healthier foods to require more flavor blends to make them palatable

Rising attention to health issues such as obesity, diabetes, and high blood pressure has increased consumer demand for food and beverages lower in fat, sugar, and salt. In order to maintain the taste of these items, manufacturers will continue to employ increased amounts and higher value types of flavor blends, helping to drive growth in these blends through 2017. Additionally, demographic trends such as the aging of the population and the prevalence of households in which all adults work will favor the purchase of convenient meals that are either processed or prepared in bulk outside the home, increasing demand for flavor blends to compensate for the impact of processing techniques on the taste of the food. The growth of the Hispanic population and the coming of age of the millennial generation are also expected to prompt interest in food with spicier and more exotic profiles. Continued healthy growth of beverages other than carbonated soft drinks and demand for innovative beverage flavors will also stimulate ongoing growth in flavor blend demand.

Cleaning products to be fastest growing market for fragrance blends

The cosmetic and toiletry industry suffered during the recession-impacted 2007-2012 period, during which consumers were less likely to purchase discretionary items such as perfumes and colognes, skin care products, and cosmetics, though rising prices drove up fragrance market value during this period. As growth in production of cosmetics and toiletries accelerates and prices moderate, fragrance blend demand will post respectable gains during the forecast period. Fragrance blend demand in cleaning products will grow the fastest through 2017, driven by manufacturers’ efforts to promote the notion of a “cleaning experience” -- feeling relaxed, invigorated, or transported -- through fragrance in detergents and cleaners. Similar marketing approaches will support above average growth in fragrances for body washes.

Study Scope

This study analyzes the $5.7 billion US flavor and fragrance industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by market (e.g., food, cosmetics and toiletries, cleaning products, beverages, environmental fragrance goods) 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 31 industry players, including Givaudan, International Flavors & Fragrances and Firmenich.

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  1. Flavors & Fragrances

    $5,100.00

    1. 1 INTRODUCTION

      $129.00

    2. 2 EXECUTIVE SUMMARY

      $153.00

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

    3. 3 MARKET ENVIRONMENT

      $1,580.00

      1. 3.1 General

        $82.00

      2. 3.2 Macroeconomic Outlook

        $169.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Demographic Trends

        $229.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      4. 3.4 Personal Consumption Expenditures

        $169.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion dollars)

      5. 3.5 Historical Market Trends

        $108.00

        1. Table | FLAVOR & FRAGRANCE MARKET, 2002-2012

      6. 3.6 Pricing Patterns

        $155.00

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

      7. 3.7 Environmental & Regulatory Issues

        $487.00

        1. 3.7.1 Flavors

          $202.00

        2. 3.7.2 Fragrances

          $265.00

      8. 3.8 International Activity

        $82.00

      9. 3.9 Foreign Trade

        $146.00

        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

      $4,181.00

      1. 4.1 General

        $82.00

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

      2. 4.2 Food

        $1,088.00

        1. 4.2.1 Industry Overview

          $137.00

          1. Table | FOOD SHIPMENTS (billion dollars)

        2. 4.2.2 Flavor Demand

          $927.00

          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

        $834.00

        1. 4.3.1 Industry Overview

          $140.00

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

        2. 4.3.2 Flavor & Fragrance Demand

          $675.00

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

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

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

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

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

      4. 4.4 Cleaning Products

        $735.00

        1. 4.4.1 Industry Overview

          $114.00

          1. Table | CLEANING PRODUCT SHIPMENTS (million dollars)

        2. 4.4.2 Fragrance Demand

          $603.00

          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 Beverages

        $675.00

        1. 4.5.1 Industry Overview

          $126.00

          1. Table | BEVERAGE SHIPMENTS

        2. 4.5.2 Flavor Demand

          $512.00

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

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

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

      6. 4.6 Environmental Fragrance Goods

        $602.00

        1. 4.6.1 Industry Overview

          $154.00

          1. Table | ENVIRONMENTAL FRAGRANCE GOODS INDICATORS

        2. 4.6.2 Fragrance Demand

          $430.00

          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)

      7. 4.7 Other Markets

        $167.00

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

    5. 5 PRODUCTS

      $2,832.00

      1. 5.1 General

        $102.00

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

      2. 5.2 Flavor Blends

        $652.00

        1. Table | FLAVOR BLEND DEMAND (million dollars)

        2. 5.2.1 Savory

          $82.00

        3. 5.2.2 Fruity

          $91.00

        4. 5.2.3 Cheese & Other Dairy

          $82.00

        5. 5.2.4 Meat

          $120.00

        6. 5.2.5 Other Flavor Blends

          $86.00

      3. 5.3 Fragrance Blends

        $320.00

        1. Table | FRAGRANCE BLEND DEMAND (million dollars)

        2. 5.3.1 Product Characteristics

          $82.00

        3. 5.3.2 New Applications

          $104.00

      4. 5.4 Essential Oils & Natural Extracts

        $1,178.00

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

        2. 5.4.1 Citrus Oils

          $459.00

          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

          $404.00

          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

          $143.00

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

      5. 5.5 Aroma Chemicals

        $581.00

        1. Table | AROMA CHEMICAL DEMAND (million dollars)

        2. 5.5.1 Demand by Class

          $183.00

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

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

        3. 5.5.2 Demand by Type

          $294.00

    6. 6 INDUSTRY STRUCTURE

      $5,132.00

      1. 6.1 General

        $158.00

        1. Table | US FLAVOR & FRAGRANCE SALES BY COMPANY, 2012 (million dollars)

      2. 6.2 Market Share

        $349.00

      3. 6.3 Mergers & Acquisitions

        $108.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 6.4 Competitive Strategies

        $352.00

        1. 6.4.1 Product Differentiation

          $110.00

        2. 6.4.2 Market Segmentation

          $82.00

        3. 6.4.3 Cooperative Agreements

          $155.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 6.5 Research & Development

        $417.00

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

        2. 6.5.1 Natural Flavors & Fragrances

          $84.00

        3. 6.5.2 Biotechnology

          $110.00

        4. 6.5.3 Delivery Systems

          $127.00

      6. 6.6 Production Methods

        $149.00

      7. 6.7 Marketing & Distribution

        $95.00

      8. 6.8 Company Profiles

        $3,706.00

        1. 6.8.1 Agilex Flavors & Fragrances Incorporated

          $82.00

        2. 6.8.2 Aromatech SAS

          $82.00

        3. 6.8.3 BASF SE

          $113.00

        4. 6.8.4 Bedoukian Research Incorporated

          $82.00

        5. 6.8.5 Bell Flavors & Fragrances Incorporated

          $125.00

        6. 6.8.6 Cargill Incorporated

          $82.00

        7. 6.8.7 Comax Flavors

          $82.00

        8. 6.8.8 ConAgra Foods Incorporated

          $82.00

        9. 6.8.9 Firmenich SA

          $214.00

        10. 6.8.10 Flavorchem Corporation

          $82.00

        11. 6.8.11 Givaudan SA

          $258.00

        12. 6.8.12 Hasegawa (T.) Company Limited

          $82.00

        13. 6.8.13 ICC Industries Incorporated

          $144.00

        14. 6.8.14 International Flavors & Fragrances Incorporated

          $290.00

        15. 6.8.15 Kao Corporation

          $102.00

        16. 6.8.16 Kerry Group plc

          $115.00

        17. 6.8.17 Mane (V.) Fils SA

          $98.00

        18. 6.8.18 McCormick & Company Incorporated

          $82.00

        19. 6.8.19 Michael (David) & Company

          $111.00

        20. 6.8.20 Naturex SA

          $82.00

        21. 6.8.21 Renessenz LLC

          $97.00

        22. 6.8.22 Robertet SA

          $106.00

        23. 6.8.23 Royal DSM NV

          $87.00

        24. 6.8.24 Sensient Technologies Corporation

          $213.00

        25. 6.8.25 Solvay SA

          $128.00

        26. 6.8.26 Symrise AG

          $251.00

        27. 6.8.27 Takasago International Corporation

          $107.00

        28. 6.8.28 Treatt (RC) plc

          $98.00

        29. 6.8.29 Ungerer & Company

          $88.00

        30. 6.8.30 Vigon International Incorporated

          $113.00

        31. 6.8.31 WILD Flavors GmbH

          $170.00

      9. 6.9 Other Companies Mentioned in Study

        $86.00

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