Global Natural Flavours and Fragrances Market, By Product (Animal Natural Flavours And Fragrances and Botanical Natural Flavours And Fragrances), Application (Food and Beverage, Pharmaceutical, Cosmetics, Home and Health Care and Others), and Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Natural Flavours and Fragrances Market
The natural flavours and fragrances market is expected to witness market growth at a rate of 4.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on natural flavours and fragrances market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the cosmetic industry and surge in consumer spending on beauty products is escalating the growth of natural flavours and fragrances market.
Natural flavours extract their flavour or aroma chemicals from animal or plant sources, comprising of meat, fruit, spices, fish, roots, herbs, leaves, bark or buds that are distilled, fermented or otherwise manipulated in a lab. Natural flavours and fragrances are a result from blending and mixing of natural ingredients.
Major factors that are expected to boost the growth in the natural flavours and fragrances market in the forecast period are the rise in the need for flavours and fragrances in the food and beverages industry. Furthermore, the increase in the manufacturing of natural personal care products with essential oils and exotic aroma is further anticipated to propel the growth of the natural flavours and fragrances market. Moreover, the widespread application scope in the food processing and the growing demand of beauty products around the world is further estimated to cushion the growth of the natural flavours and fragrances market. On the other hand, the variation in the cost of the raw material is further projected to impede the growth of the natural flavours and fragrances market in the timeline period.
- In addition, the rise in the population growth and the increase in the disposable income will further provide potential opportunities for the growth of the natural flavours and fragrances market in the coming years. However, the stringent rules and regulation imposed by several government across countries on using natural flavours and fragrances might further challenge the growth of the natural flavours and fragrances market in the near future.
This natural flavours and fragrances market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on natural flavours and fragrances market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Natural Flavours and Fragrances Market Scope and Market Size
The natural flavours and fragrances market is segmented on the basis of product and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the natural flavours and fragrances market is segmented into animal natural flavours and fragrances and botanical natural flavours and fragrances.
- On the basis of application, the natural flavours and fragrances market are segmented into food and beverage, pharmaceutical, cosmetics, home and health care and others.
Natural Flavours and Fragrances Market Country Level Analysis
The natural flavours and fragrances market is analysed and market size, volume information is provided by country, source, functionality, and application as referenced above.
The countries covered in the natural flavours and fragrances market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the natural flavours and fragrances market due to the rise in the customer alertness regarding the synthetic based cosmetic products. Furthermore, the growing need for beauty products and anti-ageing creams will further boost the growth in the natural flavours and fragrances market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the natural flavours and fragrances market due to the rise in the quick service restaurants such as McDonald’s and Pizza in the advancing countries. Moreover, the increase in the need of meat flavour products is further anticipated to propel the growth of the natural flavours and fragrances market in the region in the coming years.
The country section of the natural flavours and fragrances market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Natural Flavours and Fragrances Market Share Analysis
The natural flavours and fragrances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to natural flavours and fragrances market.
The major players covered in the natural flavours and fragrances market report are Givaudan, Sensient Technologies Corporation, International Flavors & Fragrances Inc., Symrise AG, Kerry., Firmenich SA, Paris Fragrances, Inc., Takasago International Corporation, ADM, Ogawa & Co. Ltd., European Flavours and Fragrances, Eaton, MJ Biopharm Pvt. Ltd, Huabao International Holdings Limited, AROMATECH Inc., BASF SE, DSM, FMC Corporation, Chr. Hansen A/S, and Allied Biotech, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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