Sophia Jonson
According to the latest report by GMI Research, Flavor And Fragrances Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Flavor And Fragrances Market analyzes the impact of the COVID-19 pandemic and represents that the market is forecasted to bounce back in 2021 over 2020 and estimated to grow at a higher growth rate from 2022 onwards. Fragrance and flavors refers to the combination of natural and synthetic ingredients that is added in the packaged foods and consumer goods to create a unique taste and smell. These chemicals are also added in toothpaste, food items, pharmaceuticals, and household products.
Competitive Landscape: The Flavor And Fragrances Market report also scans the competitive landscape and profiles the major players operating in the market, including IFF, Symrise, Takasago, Wild Flavors, Mane SA, Firmenich International SA, Frutarom, Givaudan SA, Sensient Flavors, , T. Hasegawa, Sensient Flavors, Robertet SA, and Huabao Intl.
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The significant factors responsible for the expansion in the flavor and fragrance market size in terms of revenues include the growing industrialization across the globe. The large scale production of these chemicals is making these flavored and scented products affordable and easily available in the market. Additionally, the rising per capita income in developing countries is generating demand for processed foods and beverages, such as oral hygiene products detergents and personal care products.
The developing regions of Asia Pacific, South America, and MEA are projected to witness a higher growth as compared to the developed regions as most of the applications market in developed regions are mature.
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Market Segments:
Breakup by Ingredient Type:
- Essential Oils
- Aroma Chemicals
- Commercially Important Essential Oil
- Davana oil
- Patchouli oil
- Lemongrass oil
- Jasmine oil
- Commercially Important Essential Oil
Breakup by Application:
- Flavor
- Others
- Dairy Products
- Beverages
- Savoury Food
- Confectionary & Bakery Products
- Oral Care
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- Fragrance
- Soap
- Detergent
- Cosmetic & Toiletries
- Household and Others
Breakup by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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