This report presents the findings of an analysis of the U.S. market for flavors and fragrances.
STUDY GOALS AND OBJECTIVES
This report is intended to bring to the reader a detailed analysis of the market for flavors and fragrances, with emphasis on future trends, changing technology, and opportunities.
The major objectives of this study are as follows:
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To make available the most current and reliable information on the consumption of flavors and fragrances.
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To forecast the market for these products, broken down insofar as possible by end use and by individual product or product group.
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To identify the most rapidly changing applications and the reasons for their growth or decline.
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To describe the major trends in the end uses.
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To provide a description of the most important companies supplying flavors and fragrances.
REASONS FOR DOING THE STUDY
Although there have been many studies of flavors and fragrances, there has been a new awareness of the effect of taste and odor on the human psyche, plus a deeper penetration into markets previously somewhat unimportant, such as fragrances for men, teenagers, and the elderly. All these are having an influence on the market.
To keep abreast of these more recent developments, we have undertaken the present study.
SCOPE OF THE STUDY
This study will cover the basic ingredients of flavors and fragrances: aroma chemicals, essential oils, synthetic sweeteners, and flavor enhancers but will not include flavor extracts, spices, herbs, or blends of these materials.
METHODOLOGY AND SOURCES OF INFORMATION
Information on market size, growth rates, and technological trends was obtained from key marketing and management personnel with suppliers of flavors and fragrances. Secondary sources include reviews of trade journals such as Chemical and Engineering News, Chemical Market Reporter, Beverage Industry, Food Technology, and Chemical Week.
UNITS
All forecasts are given in constant 1999 dollars. Growth rates are compounded annually.
Report Code: CHM034A, Published: September 2000, Analyst: George Innes
