The worldwide flavors and fragrance ingredient market is worth approximately $6.3 billion in 2006. Poised for an average annual growth rate (AAGR) of 4.5% per year, this value should grow to $7.8 billion in 2011. Flavors and fragrances have similar economic and operational characteristics, including research and development, the nature of the creative and production processes, the manner in which the products are distributed and the preferences of the customers.
World demand for quality essential oils and their derivatives is likely to see increasing demand in the coming years, and natural products will continue to remain an important part of the flavors and fragrances industry. The market should reach $5.0 billion by 2011, an AAGR of 5.2%.
End-user sectors such as cosmetics, toiletries, soaps, detergents, air freshener and fine fragrances are expected to grow at AAGRs ranging from 4.9% to 4.4% through 2011, depending on the market.
GLOBAL MARKET FORECAST FOR FLAVORS AND FRAGRANCES BY MAJOR END USE, 2004-2011
Source: BCC Research
Download Report Overview
This in-depth report will provide the reader with a comprehensive analysis of the market environment, competitive structure, and end-use markets of the flavor and fragrance industry. Technological developments, future trends, and emerging opportunities within the industry are also thoroughly examined. The information provided in this report will be of great value to those involved in strategic planning, marketing, sales, and technological development.
The major objectives of this study are to:
- Offer an assessment of technology developments.
- Identify demand drivers.
- Make available the most current and reliable information on the consumption of flavors and fragrances in different end-use sectors.
- Estimate global supply and demand by applications and regions.
- Estimate the growth rate of demand.
- Estimate the projected demand supply scenario by 2011 including application sector and regional demand.
- Identify the factors influencing the potential for new industry.
- Make appropriate recommendations.
SCOPE OF STUDY
This report contains:
- An overview of the global markets for materials used in flavor and fragrance industry
- Analyses of the market by both end-use and also by major types of materials used in this industry, including synthetic and natural ingredients, over a five-year forecast period through 2011
- Emerging trends within the industries as well as the technological developments, including many of the most recent patents
- The regulatory roles governing the industry and some of the typical testing used by manufacturers to comply with the regulations for producing safe products
- Profiles of the major players within the industry.
This study is based on exhaustive primary and secondary research in addition to the information in our in-house database.
The primary research includes consultation with industry experts in the field including contacts with companies actively involved in this field and with trade associations.
Secondary research includes extensive review of the literature, including trade journals, seminar proceedings, patent literature, company literature, published reports, and government publications.
The study was carried out by a team of chemical engineering consultants led by Senior Consultant, Mr. N. S. Venkataraman, a Chemical Engineer with more than 30 years of experience in various positions relating to chemical, pharmaceutical, and related industries. Other team members included Mr. D. Panneerselvam, Mr. T. K. Parija, Ms. P. Govindanayagi, and Ms. K. Geetha. All the members of the team are practicing chemical engineers or chemists with extensive experience as business consultants in the chemical and related industries.
The project manager for this project was Dr. Yatin B. Thakore, who has more than 15 years of industry experience in chemical and related fields
Download Report Overview