Report Highlights
The global flavor and fragrance ingredients and finished products market should reach $1.8 trillion by 2024 from $1.4 trillion in 2019 at a compound annual growth rate (CAGR) of 4.0% for the forecast period of 2019 to 2024.
Report Includes
- 56 data tables and 17 additional tables
- An overview of global flavor and fragrance ingredients and finished products market
- Analyses of global market trends, with data from 2018, estimates for 2019 and projections of compound annual growth rates (CAGRs) through 2024
- Insights into regulatory and environmental developments
- Information on the supply and demand scenario and evaluation of technological and investment opportunities in the flavors and fragrances market
- Profiles of major players in the industry, including Agilex Flavors & Fragrances Inc., Comax Flavors, Groupe Bogart, MANE, Sensient Technologies Corp., Takasago International Corp. and Treatt PLC
Report Scope
The market is segmented by application: flavors (beverages, savory foods, dairy, confectionery and bakery products, oral care) and fragrance (cosmetics and toiletries, soap, detergent). It can be also divided by ingredient: essential oils (citrus oils, mint oils, vanilla extract, cassia oil, paprika oleoresin, black pepper oleoresin, nutmeg oil) and aroma chemicals (terpenes, benzenoids, musk chemicals).
This market report organizes information from diverse sources to compare natural and synthetic ingredients. It also analyzes the use of raw materials, the flavor and fragrance value chain, regulations, technologies, and patent evaluations using Porter’s Five Forces.
This report analyzes each ingredient type in terms of the current global market size. Estimated values are based on manufacturers’ total revenues. Forecasts with a compound annual growth rate (CAGR) are provided for 2019 to 2024. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation. Product values are estimated based on manufacturers' revenue. Estimates of the regional markets for flavors and fragrances are based on the applications market. Regional sizing and forecast data are provided for North America, Western Europe, Asia, and the ROW. In addition to this data, the report provides insight into drivers of market demand and strategies of suppliers. Key players are profiled, and their market shares in the global flavors and fragrances market are discussed.
Analyst Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fiber, textile and energy industries for 18 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. Currently he is the chief scientist of a company endeavoring to reduce China's air and water pollution. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Related Reports
Global Markets for Chemicals for Cosmetics & Toiletries
The global market for chemicals in cosmetics and toiletries is expected to grow from $27.7 billion in 2024 to $35.0 billion by 2029, at a compound annual growth rate (CAGR) of 4.8% from 2024 through 2029.
The Global Market for Food Additives
The global market for food additives is expected to grow from $80.4 billion in 2024 and is projected to reach $106.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2024 to 2029.
Antiaging Products and Services: The Global Market
The global market for antiaging products and services is estimated to increase from $74.8 billion in 2022 to reach $93.2 million by 2027, at a compound annual growth rate (CAGR) of 4.5% from 2022 through 2027.
Relaxor Ferroelectrics: Emerging Opportunities
Piezoelectrics is a multibillion-dollar market with steady market growth. Recent technological innovations will spur some segments of piezoelectrics to grow at a very high rate. These segments include relaxor ferroeletrics and lead-free piezoelectric ceramics. This report will analyze the emerging opportunities for relaxor ferroeletrics and other advanced piezoelectric materials and idea about significant technological developments in relaxor ferroelectrics in recent years, as well as quantify these developments’ impact on the growth of the material markets.
Track the Latest Global Tariff Developments
In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.
Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.
Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.
With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.
Ready to see what tariff means for your business?
Consult with our experts or request your custom Tariff Impact Brife today
Stay Informed, Stay Competitive
In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.
Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.
Our analysis includes:
- Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
- Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
- Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.
With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.
Don't let tariffs catch you off guard—let our insights guide your strategy.
Recent Reports
Flame Retardant Chemicals: Technologies and Global Markets
The global market for flame retardant chemicals is projected to grow from $6.1 billion in 2025 to $8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.3% from 2025 through 2030.
Global High Purity Quartz Market
The global market for high-purity quartz is expected to grow from $1.1 billion in 2025 and is projected to reach $1.4 billion by the end of 2030, at a compound annual growth rate (CAGR) of 4.5% during the forecast period of 2025 to 2030.
Global Engineered Wood Adhesives Market
The global engineered wood adhesives market is expected to grow from $5.3 billion in 2025 and is projected to reach $6.5 billion by the end of 2030, at a compound annual growth rate (CAGR) of 4.1% during the forecast period of 2025 to 2030.
Acrylic Coatings: Technologies, End Users and Global Markets
The global acrylic coatings market is expected to grow from $68.6 billion in 2024 and is projected to reach $87.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.1% during the forecast period of 2024 to 2029.
2024 Chemical Research Review
The chemicals industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years. This report provides a sampling of the types of quantitative market information, analysis and guidance that has been aiding business decision making since the inception of BCC Research in 1971.
Top Trending Reports
Sensors: Technologies and Global Markets
The global market for sensors was valued at $195.1 billion in 2024 and is estimated to increase from $212.5 billion in 2025 to reach $323.3 billion by 2030, at a compound annual growth rate (CAGR) of 8.7% from 2025 through 2030.
Global Cell Line and Membrane Market
The global market for cell lines and membranes was valued at $5.7 billion in 2024 and is estimated to increase from $6.3 billion in 2025 to reach $11.4 billion by 2030, at a compound annual growth rate (CAGR) of 12.5% from 2025 through 2030.
Water and Wastewater Treatment Technologies: Global Markets
The global market for water and wastewater treatment technologies is expected to grow from $350.7 billion in 2025 and is projected to reach $591.2 billion by the end of 2030, at a compound annual growth rate (CAGR) of 11.0% during the forecast period of 2025 to 2030.
Global Edge AI Market
The global market for edge AI was valued at $8.7 billion in 2024 and is estimated to increase from $11.8 billion in 2025 to reach $56.8 billion by 2030, at a compound annual growth rate (CAGR) of 36.9% from 2025 through 2030.
Global Biochip Markets: Microarrays and Lab-on-a-Chip
The global market for biochip was valued at $16.1 billion in 2024 and is estimated to reach $27.8 billion by 2029, at a compound annual growth rate (CAGR) of 11.6% from 2024 through 2029.
Report Highlights
The global market for flavors and fragrances was valued at $26.0 billion in 2015. This market is expected to increase from $27.1 billion in 2016 to $37.0 billion in 2021 at a compound annual growth rate (CAGR) of 6.4% for 2016-2021.
Report Includes
- An overview of the global markets for flavors and fragrances.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Analysis of recent technology developments.
- Identification of demand drivers.
- Information on the consumption of flavors and fragrances in different end-use sectors.
- Projections of future demand including application regional segments of the market.
- Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
- Analysis of developments in the structure of the flavor and fragrance industry.
- Profiles of major players in the field.
Report Highlights
The global flavour and fragrance market totaled $23.9 billion in 2013. This market is expected to grow to $25.3 billion in 2014 and $35.5 billion in 2019, a compound annual growth rate (CAGR) of 5.8%.
Report Includes
- An overview of the global markets for flavors and fragrances.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- Analysis of recent technology developments.
- Identification of demand drivers.
- Information on the consumption of flavors and fragrances in different end-use sectors.
- Projections of future demand including application regional segments of the market.
- Projected demand for key flavor and fragrance ingredients such as essential oils and aroma chemicals.
- Analysis of developments in the structure of the flavor and fragrance industry.
- Comprehensive company profiles of major players in the field.
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 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.
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.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More