World Flavors & Fragrances

Growth in the different flavor and fragrance markets will rise roughly in line with the global average, with demand in the cosmetics and toiletries market making the most rapid advances.

World demand to rise 4.4% annually through 2016

Flavor and fragrance demand is forecast to increase 4.4 percent per annum to $26.5 billion in 2016. Growth in the different markets (e.g., foods and beverages, toiletries and cleaners) will all rise roughly in line with the global average, with demand in the cosmetics and toiletries market making the most rapid advances. Across all markets, increasing consumer interest in natural products will drive value demand going forward, as these flavor and fragrance ingredients tend to be more expensive.

Rising production of processed foods, due in large part to growth in incomes in developing countries, will bolster flavor consumption given that processed foods require the use of more flavor to maintain good taste. Growing affluence in emerging economies will also benefit demand in the toiletry and cleaner market, as more individuals will be able to afford these fragrance-containing goods.

Developing markets to realize most robust gains

Going forward, the most robust gains in demand for flavors and fragrances will be realized in the developing economies of the Asia/Pacific region, Central and South America, and the Africa/Mideast region. Eastern Europe will exhibit growth in line with the global average but still significantly faster than developed areas. Rising personal consumption expenditures in emerging economies will spur faster advances in these countries. China and India will exhibit particularly rapid advances, boosting consumption of flavors and fragrances in the Asia/Pacific region. As developing regions continue to capture an increasing share of the global market, leading flavor and fragrance producers will continue to make investments in these areas. Though the fastest growth will be experienced in developing countries, industrialized countries will continue to account for the majority of demand, with the US alone accounting for 26 percent of total demand in 2016. Other countries with a significant share of the market include Japan, China, France, Germany, and India.

Demographic trends to drive food/beverage market

Support for the largest market, food and beverages, will arise from growing urbanization, rising incomes, and increasing interest in Western foods and lifestyle. These trends will lead to increased output of processed and convenience foods. Furthermore, developing regions will see the fastest advances in the consumption of carbonated beverages, one of the leading outlets for flavors. In developed countries, demand for flavors will be supported by government campaigns for foods with lower sodium, calorie, and fat content that requre more flavorings to make these healthier products palatable.

Study Scope

This study analyzes the $21.3 billion world flavor and fragrance industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (flavor blends, fragrance blends, essential oils and natural extracts, aroma chemicals), market (e.g., food and beverages, toiletries and cleaners), world region, and for 18 major countries.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players, including Givaudan, Firmenich, and International Flavors and Fragrances.

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Purchase World Flavors & Fragrances by the Section

  1. World Flavors & Fragrances

    $6,100.00

    1. 1 INTRODUCTION

      $263.00

    2. 2 EXECUTIVE SUMMARY

      $135.00

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

    3. 3 MARKET ENVIRONMENT

      $1,565.00

      1. 3.1 General

        $82.00

      2. 3.2 World Economic Overview

        $316.00

        1. 3.2.1 Recent Historical Trends

          $91.00

        2. 3.2.2 World Economic Outlook

          $206.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      3. 3.3 World Population Outlook

        $82.00

        1. Table | WORLD POPULATION BY REGION (million persons)

      4. 3.4 World per Capita Gross Domestic Product

        $95.00

        1. Table | WORLD PER CAPITA GROSS DOMESTIC PRODUCT BY REGION (2010 dollars)

      5. 3.5 World Personal Consumption Expenditure Trends

        $113.00

        1. Table | WORLD PERSONAL CONSUMPTION EXPENDITURES (billion 2010 dollars)

      6. 3.6 World Manufacturing Outlook

        $82.00

        1. Table | WORLD MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)

      7. 3.7 World Food & Beverage Manufacturing Outlook

        $96.00

        1. Table | WORLD FOOD & BEVERAGE MANUFACTURING VALUE ADDED BY REGION (billion 2010 dollars)

      8. 3.8 World Beverage & Soft Drink Outlook

        $226.00

        1. Table | WORLD CARBONATED SOFT DRINK CONSUMPTION BY REGION (billion liters)

      9. 3.9 World Toiletry & Cleaner Outlook

        $180.00

        1. Table | WORLD TOILETRY & CLEANER SHIPMENTS BY REGION & TYPE (billion dollars)

      10. 3.10 Environmental & Regulatory Issues

        $339.00

        1. 3.10.1 Flavors

          $146.00

        2. 3.10.2 Fragrances

          $132.00

    4. 4 OVERVIEW

      $1,406.00

      1. 4.1 General

        $82.00

      2. 4.2 Product Overview

        $652.00

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

        2. 4.2.1 Flavor Blends

          $142.00

          1. Table | WORLD FLAVOR BLEND DEMAND BY REGION (million dollars)

        3. 4.2.2 Fragrance Blends

          $153.00

          1. Table | WORLD FRAGRANCE BLEND DEMAND BY REGION (million dollars)

        4. 4.2.3 Essential Oils & Natural Extracts

          $170.00

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

        5. 4.2.4 Aroma Chemicals

          $108.00

          1. Table | WORLD AROMA CHEMICAL DEMAND BY REGION (million dollars)

      3. 4.3 Market Overview

        $396.00

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

        2. 4.3.1 Food & Beverages

          $101.00

          1. Table | WORLD FOOD & BEVERAGE MARKET FOR FLAVORS BY REGION (million dollars)

        3. 4.3.2 Toiletries & Cleaners

          $90.00

          1. Table | WORLD TOILETRY & CLEANER MARKET FOR FRAGRANCES BY REGION (million dollars)

        4. 4.3.3 Other Markets

          $120.00

          1. Table | OTHER MARKETS FOR FLAVORS & FRAGRANCES BY REGION(million dollars)

      4. 4.4 Regional Overview

        $246.00

        1. 4.4.1 Demand

          $82.00

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

        2. 4.4.2 Per Capita Consumption Trends

          $82.00

        3. 4.4.3 Production

          $82.00

          1. Table | WORLD FLAVOR & FRAGRANCE PRODUCTION BY REGION (million dollars)

      5. 4.5 World Trade Outlook

        $92.00

        1. Table | WORLD NET EXPORTS OF FLAVORS & FRAGRANCES BY REGION (million dollars)

    5. 5 NORTH AMERICA

      $1,166.00

      1. 5.1 North America: General

        $104.00

        1. Table | NORTH AMERICA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

      2. 5.2 North America: Supply & Demand

        $100.00

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

      3. 5.3 North America: Markets

        $82.00

        1. Table | NORTH AMERICA: FLAVOR & FRAGRANCE MARKETS (million dollars)

      4. 5.4 United States

        $375.00

        1. Table | UNITED STATES: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | UNITED STATES: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | UNITED STATES: FLAVOR & FRAGRANCE MARKETS (million dollars)

      5. 5.5 Canada

        $257.00

        1. Table | CANADA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 US dollars)

        2. Table | CANADA: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million US dollars)

        3. Table | CANADA: FLAVOR & FRAGRANCE MARKETS (million US dollars)

      6. 5.6 Mexico

        $271.00

        1. Table | MEXICO: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | MEXICO: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | MEXICO: FLAVOR & FRAGRANCE MARKETS (million dollars)

    6. 6 WESTERN EUROPE

      $2,246.00

      1. 6.1 Western Europe: General

        $119.00

        1. Table | WESTERN EUROPE: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

      2. 6.2 Western Europe: Supply & Demand

        $96.00

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

      3. 6.3 Western Europe: Markets

        $82.00

        1. Table | WESTERN EUROPE: FLAVOR & FRAGRANCE MARKETS (million dollars)

      4. 6.4 France

        $272.00

        1. Table | FRANCE: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | FRANCE: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | FRANCE: FLAVOR & FRAGRANCE MARKETS (million dollars)

      5. 6.5 Germany

        $251.00

        1. Table | GERMANY: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | GERMANY: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | GERMANY: FLAVOR & FRAGRANCE MARKETS (million dollars)

      6. 6.6 Italy

        $276.00

        1. Table | ITALY: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | ITALY: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | ITALY: FLAVOR & FRAGRANCE MARKETS (million dollars)

      7. 6.7 Netherlands

        $230.00

        1. Table | NETHERLANDS: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | NETHERLANDS: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | NETHERLANDS: FLAVOR & FRAGRANCE MARKETS (million dollars)

      8. 6.8 Spain

        $226.00

        1. Table | SPAIN: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | SPAIN: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | SPAIN: FLAVOR & FRAGRANCE MARKETS (million dollars)

      9. 6.9 Switzerland

        $219.00

        1. Table | SWITZERLAND: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | SWITZERLAND: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | SWITZERLAND: FLAVOR & FRAGRANCE MARKETS (million dollars)

      10. 6.10 United Kingdom

        $269.00

        1. Table | UNITED KINGDOM: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | UNITED KINGDOM: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | UNITED KINGDOM: FLAVOR & FRAGRANCE MARKETS (million dollars)

      11. 6.11 Other Western Europe

        $217.00

        1. Table | OTHER WESTERN EUROPE: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | OTHER WESTERN EUROPE: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | OTHER WESTERN EUROPE: FLAVOR & FRAGRANCE MARKETS (million dollars)

    7. 7 ASIA/PACIFIC

      $2,305.00

      1. 7.1 General

        $121.00

        1. Table | ASIA/PACIFIC: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

      2. 7.2 Asia/Pacific: Supply & Demand

        $93.00

        1. Table | ASIA/PACIFIC: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

      3. 7.3 Asia/Pacific: Markets

        $82.00

        1. Table | ASIA/PACIFIC: FLAVOR & FRAGRANCE MARKETS (million dollars)

      4. 7.4 Australia

        $231.00

        1. Table | AUSTRALIA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion US 2010 dollars)

        2. Table | AUSTRALIA: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million US dollars)

        3. Table | AUSTRALIA: FLAVOR & FRAGRANCE MARKETS (million US dollars)

      5. 7.5 China

        $343.00

        1. Table | CHINA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | CHINA: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | CHINA: FLAVOR & FRAGRANCE MARKETS (million dollars)

      6. 7.6 India

        $302.00

        1. Table | INDIA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | INDIA: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | INDIA: FLAVOR & FRAGRANCE MARKETS (million dollars)

      7. 7.7 Japan

        $306.00

        1. Table | JAPAN: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | JAPAN: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | JAPAN: FLAVOR & FRAGRANCE MARKETS (million dollars)

      8. 7.8 South Korea

        $267.00

        1. Table | SOUTH KOREA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | SOUTH KOREA: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | SOUTH KOREA: FLAVOR & FRAGRANCE MARKETS (million dollars)

      9. 7.9 Taiwan

        $258.00

        1. Table | TAIWAN: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion US 2010 dollars)

        2. Table | TAIWAN: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million US dollars)

        3. Table | TAIWAN: FLAVOR & FRAGRANCE MARKETS (million US dollars)

      10. 7.10 Other Asia/Pacific

        $329.00

        1. Table | OTHER ASIA/PACIFIC: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. Table | OTHER ASIA/PACIFIC: FLAVOR & FRAGRANCE SUPPLY & DEMAND (million dollars)

        3. Table | OTHER ASIA/PACIFIC: FLAVOR & FRAGRANCE MARKETS (million dollars)

    8. 8 OTHER REGIONS

      $1,445.00

      1. 8.1 Central & South America

        $587.00

        1. Table | CENTRAL & SOUTH AMERICA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. 8.1.1 Central & South America: Demand by Type & Market

          $82.00

          1. Table | CENTRAL & SOUTH AMERICA: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

        3. 8.1.2 Brazil

          $212.00

          1. Table | BRAZIL: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

          2. Table | BRAZIL: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

        4. 8.1.3 Other Central & South America

          $200.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

      2. 8.2 Eastern Europe

        $594.00

        1. Table | EASTERN EUROPE: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

        2. 8.2.1 Eastern Europe: Demand by Type & Market

          $82.00

          1. Table | EASTERN EUROPE: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

        3. 8.2.2 Russia

          $214.00

          1. Table | RUSSIA: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

          2. Table | RUSSIA: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

        4. 8.2.3 Other Eastern Europe

          $208.00

          1. Table | OTHER EASTERN EUROPE: FLAVOR & FRAGRANCE MARKET ENVIRONMENT (billion 2010 dollars)

          2. Table | OTHER EASTERN EUROPE: FLAVOR & FRAGRANCE DEMAND BY TYPE & MARKET million dollars)

      3. 8.3 Africa/Mideast

        $264.00

        1. Table | AFRICA/MIDEAST: LAVOR & FRAGRANCE MARKET ENVIRONMENT billion 2010 dollars)

        2. 8.3.1 Africa/Mideast: Demand by Type & Market

          $84.00

          1. Table | AFRICA/MIDEAST: LAVOR & FRAGRANCE DEMAND BY TYPE & MARKET (million dollars)

        3. 8.3.2 Africa/Mideast: Suppliers

          $82.00

    9. 9 INDUSTRY STRUCTURE

      $6,138.00

      1. 9.1 General

        $135.00

        1. Table | WORLD FLAVOR & FRAGRANCE SALES BY COMPANY, 2011 (million dollars)

      2. 9.2 Market Share

        $259.00

      3. 9.3 Acquisitions & Divestitures

        $209.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 9.4 Competitive Strategies

        $282.00

        1. 9.4.1 Product Differentiation

          $82.00

        2. 9.4.2 Market Segmentation

          $82.00

        3. 9.4.3 Cooperative Agreements

          $140.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 9.5 Research & Development

        $196.00

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

      6. 9.6 Manufacturing Methods

        $154.00

      7. 9.7 Marketing & Distribution

        $105.00

      8. 9.8 Company Profiles

        $4,920.00

        1. 9.8.1 Agilex Flavors & Fragrances Incorporated

          $82.00

        2. 9.8.2 Aromatech France

          $95.00

        3. 9.8.3 BASF SE

          $136.00

        4. 9.8.4 Bell Flavors & Fragrances Incorporated

          $105.00

        5. 9.8.5 Belmay Incorporated

          $82.00

        6. 9.8.6 BIOLANDES SAS

          $93.00

        7. 9.8.7 Cargill Incorporated

          $82.00

        8. 9.8.8 China Flavors & Fragrances Company Limited

          $82.00

        9. 9.8.9 ConAgra Foods Incorporated

          $82.00

        10. 9.8.10 CPL Aromas Limited

          $82.00

        11. 9.8.11 Dérivés Résiniques et Terpéniques

          $82.00

        12. 9.8.12 Firmenich SA

          $242.00

        13. 9.8.13 Givaudan SA

          $392.00

        14. 9.8.14 Hasegawa (T.) Company Limited

          $127.00

        15. 9.8.15 Huabao International Holdings Limited

          $111.00

        16. 9.8.16 ICC Industries Incorporated

          $302.00

        17. 9.8.17 International Flavors & Fragrances Incorporated

          $382.00

        18. 9.8.18 Kao Corporation

          $99.00

        19. 9.8.19 Kerry Group plc

          $199.00

        20. 9.8.20 Lucta SA

          $82.00

        21. 9.8.21 LyondellBasell Industries NV

          $82.00

        22. 9.8.22 Mane (V.) Fils SA

          $140.00

        23. 9.8.23 McCormick & Company Incorporated

          $82.00

        24. 9.8.24 Michael (David) & Company

          $105.00

        25. 9.8.25 Nagaoka Perfumery Company Limited

          $82.00

        26. 9.8.26 Ogawa & Company Limited

          $82.00

        27. 9.8.27 Renessenz LLC

          $82.00

        28. 9.8.28 Robertet SA

          $160.00

        29. 9.8.29 Sensient Technologies Corporation

          $285.00

        30. 9.8.30 Soda Aromatic Company Limited

          $82.00

        31. 9.8.31 Solvay SA

          $145.00

        32. 9.8.32 Symrise AG

          $269.00

        33. 9.8.33 Takasago International Corporation

          $222.00

        34. 9.8.34 Treatt (RC) plc

          $117.00

        35. 9.8.35 Wanxiang International Limited

          $82.00

        36. 9.8.36 WILD (Rudolf) GmbH & Company KG

          $187.00

        37. 9.8.37 ZEON Corporation

          $82.00

      9. 9.9 Additional Companies Mentioned in Study

        $308.00

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