Flavors and Fragrances: Top Drivers that will Enable COVID-19 Recovery

Growth Drivers and Market Forecast for 2021-2025

The Global Flavors And Fragrances Market is projected to grow by $ 9.33 bn, accelerating at a CAGR of almost 5.36% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.


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Flavors And Fragrances Market: Top Drivers for Growth

Technavio has identified  Increasing number of new product launches as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for Flavors And Fragrances Market Size to Grow by $ 9.33 bn During 2021-2025

Flavors And Fragrances Market: Segment List

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Flavors And Fragrances Market is segmented by Market Landscape (Fragrances and Flavors), Product (Formulated flavors and fragrances, Aroma chemicals, and Essential oils), and Geography (APAC, North America, Europe, South America, and MEA). Request our Free Sample Report

Flavors And Fragrances Market: Vendor Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. DuPont de Nemours Inc., Firmenich SA, Givaudan SA, Kerry Group Plc, McCormick and Company Inc., Sensient Technologies Corp., Solvay SA, Symrise AG, Takasago International Corp., and The MANE Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 5.36%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 9.33 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Increasing number of new product launches will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    41% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are DuPont de Nemours Inc., Firmenich SA, Givaudan SA, Kerry Group Plc, McCormick and Company Inc., Sensient Technologies Corp., Solvay SA, Symrise AG, Takasago International Corp., and The MANE Group
     
  7. What are the market segments covered in this report?
    The market is segmented by Market Landscape (Fragrances and Flavors), Product (Formulated flavors and fragrances, Aroma chemicals, and Essential oils), and Geography (APAC, North America, Europe, South America, and MEA)

The flavors and fragrances market is likely to experience steady growth because of the product launches and the rising demand for personal care and food flavoring products. Rising at a CAGR of 6% , the market is estimated to have an incremental growth of USD 10.98 billion by 2024. Download Free Sample Report

As per a Technavio analyst: Increasing initiatives from vendors to focus on product launches for gaining market share through increased sales are expected to boost the growth of the flavors and fragrances market

Technavio’s recent analysis of flavors and fragrances market, includes a detailed examination of its revenue forecasts, including market drivers and challenges, key market participants, and growth opportunities. The study segments the markets in APAC, North America, Europe, South America, and MEA, geographically. The APAC region is expected to have a market share of 41%. This growth can be attributed to several factors including rising working women population, huge consumer base, and growing demand for international cuisines in the region.

For further information on this analysis, please visit: https://www.technavio.com/industries/diversified-chemicals

Threat of counterfeit products and stringent regulations as well as guidelines are expected to hinder the growth of the market. However, the growing adoption nutraceuticals and dietary supplements will have a positive impact on the flavors and fragrances market during the forecast period.

Technavio’s analysis of the flavors and fragrances market also includes:

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive flavors and fragrances market growth during the next five years
  • Precise estimation of the flavors and fragrances market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the flavors and fragrances market industry across
  • A thorough analysis of the market’s competitive landscape
  • Comprehensive details of factors that will challenge the growth of flavors and fragrances market

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