Global Markets for Flavors and Fragrances

Published - May 2012| Analyst - Andrew McWilliams| Code - CHM034C
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Report Highlights

The worldwide flavor and fragrance market was worth an estimated $21.8 billion in 2011.  This figure is projected to exceed $23 billion in 2012 and $30 billion in 2017, a compound annual growth rate (CAGR) of 5.6% between 2012 and 2017.

Report Scope

This study covers global markets for materials used in the flavor and fragrance industry.  It analyzes the market by both the end-use markets and the major types of materials used within the industry, covering both synthetic and natural ingredients.

The study also discusses the emerging trends of these industries and technological developments, including some of the patents in the field.  It also looks into the regulatory roles governing the industry and some of the testing typically used by manufacturers to comply with the regulations for producing safe products.  It provides market shares of major companies and provides the profiles and contact information of industry leaders in the field. 

Analyst Credentials

The study on which this updated report is based was carried out by a team of chemical engineering consultants led by senior consultant,  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 D. Panneerselvam, T.K. Parija, P. Govindanayagi and K. Geetha.  All the members of the team are practicing chemical engineers or chemists with extensive experience as business consultants in chemical and related industries.

The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston–based international technology and marketing consulting firm, 43rd Parallel LLC.   McWilliams is the author or co-author of numerous other BCC studies, including such recent studies as AVM016F Sol-Gel Processing of Ceramics and Glass; AVM078A New Electronic Materials and Device Technologies: Global Markets; AVM015F High-Performance Ceramic Coatings: Markets and Technologies;  HLC014E Global Markets for Telemedicine Technologies; and CHM020D Catalysts for Environmental and Energy Applications.

Table of Contents & Pricing

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Published - Dec-2006| Analyst - Yatin Thakore| Code - CHM034B

Report Highlights

  • 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.

Published - Sep-2000| Analyst - George Innes| Code - CHM034A

Report Highlights

  • BCC estimates the total U.S. market for flavors and fragrances at about $4.2 billion in 1999. Expected to experience an AAGR (average annual growth rate) of nearly 5% during the 5-year forecast period, this market is expected to reach nearly $5.3 billion by 2004.
  • Food and beverages represent the largest end use, with about 40% of the total dollars, followed by cosmetics and toiletries with 30%. Soaps and detergents will show the most growth, at 5.5% a year, as given below in the summary table.
  • By product type, aroma chemicals are the largest, accounting for just over half of the dollar volume. Essential oils make up about one-quarter, with synthetic sweeteners and flavor enhancers the only other product groups.

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