The Market Reports

Synopsis
The global market for Fragrance and Flavor was estimated to be worth US$ 32185 million in 2024 and is forecast to a readjusted size of US$ 47939 million by 2031 with a CAGR of 5.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Fragrance and Flavor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Flavors and fragrances refer to substances that are added to products to provide them with specific tastes or scents, enhancing the overall sensory experience. These substances are widely used in various industries, including food and beverages, cosmetics, personal care products, cleaning products, and more.
Both flavors and fragrances can be derived from natural sources (such as essential oils and extracts) or synthesized through chemical processes to mimic natural aromas and tastes. The development of flavors and fragrances involves a combination of chemistry, biology, and sensory science to create compounds that are safe for consumption or use on the skin while delivering the desired sensory effects.
Currently, the major global manufacturers of flavors and fragrances include Givaudan, DSM-Firmenich, International Flavors & Fragrances (IFF), Symrise, Takasago, ADM WILD Flavors, Mane, Sensient, Robertet, and T. Hasegawa. In the Chinese market, key edible flavor manufacturers include Huabao International, China Boton Group, Zhejiang NHU, and Apple Flavor and Fragrance.
Overall, the global flavors and fragrances market is characterized by a high level of industry concentration and a trend of production shifting toward developing countries. In particular, the four companies — Givaudan, DSM-Firmenich, IFF, and Symrise — have collectively maintained a combined market share of over 50% in recent years. This high degree of concentration in the global market is unlikely to change in the short term.
This report aims to provide a comprehensive presentation of the global market for Fragrance and Flavor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Fragrance and Flavor by region & country, by Type, and by Application.
The Fragrance and Flavor market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fragrance and Flavor.
Market Segmentation
By Company
IFF
Givaudan
Symrise
DSM-Firmenich
Takasago
MANE
Sensient Technologies
Robertet
T. Hasegawa
Kerry
ADM
Synergy Flavors
Treatt
Bell Flavors & Fragrances
OGAWA
Huabao
China Boton Group
Apple Flavor and Fragrance
Zhejiang NHU
Asia Aroma
Wanxiang Technology
Segment by Type
Flavors
Fragrances
Segment by Application
Food and Beverages
Cosmetics & Personal Care
Perfume
Tobacco
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Fragrance and Flavor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Fragrance and Flavor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Fragrance and Flavor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index