Flavors and Fragrances Market by Type, Product, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 172 SKU: IRTNTR44696

Flavors and Fragrances Market Forecast 2023-2027

The flavors and fragrances market size is estimated to increase by USD 12.39 billion and grow at a CAGR of 6.3% between 2022 and 2027. The market's growth hinges on various factors, including the escalating number of new product launches, particularly in the personal care and food flavoring segments. This trend is fueled by the rising consumer demand for innovative and diverse products. Additionally, the market benefits from the increasing disposable income of consumers, which enables them to spend more on such products. These factors collectively contribute to the expansion of the market, creating opportunities for companies to introduce new and exciting products to meet the evolving needs and preferences of consumers.

What will be the size of the Flavors And Fragrances Market During the Forecast Period?

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Market Segments

This market report extensively covers market segmentation by type (fragrances and flavors), product (formulated flavors and fragrances, aroma chemicals, and essential oils), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Type

The fragrances segment is estimated to witness significant growth during the forecast period. The dominance of key vendors is likely to drive the demand for fragrances during the forecast period. The vendor's objective is to increase its presence in the world market by adopting Organic and Inorganic growth strategies, such as product launches and acquisitions, and partnerships. 

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The fragrances segment was the largest segment and was valued at USD 15.44 billion in 2017. The fragrances segment is expected to grow during the forecast period, owing to the rising demand from end-users such as manufacturers of fine fragrances, cosmetics and toiletries, soaps and detergents, household cleaners, and air fresheners. Also, the global demand for household cleaners and air fresheners is driven by increased awareness about hygiene, as well as increasing per capita income.

Key Regions

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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to grow during the forecast period. Factors such as the presence of a huge consumer base, rising working women population, growing demand for international cuisines, and penetration of key vendors into the region are attributed to the high growth of the market in the region.

Moreover, the rapid development in the economies of countries such as China, India, and Indonesia has resulted in an increasing proportion of the middle-class population in APAC. The growing demand for flavor and fragrance is being driven by middle-class families who seek to improve their lifestyle standards, which leads to more consumption of home care products and personal care products. Such factors will increase the market growth during the forecast period.

Market Dynamics and Customer Landscape

The market continues to thrive, fueled by the rising demand for ready-to-eat food products and personal care items. With an increasing working-class and middle-class population, urbanization, and the prevalence of busy lifestyle patterns, consumers are gravitating towards convenient packaged and preserved foods, as well as personal care products. The industry witnesses a growing preference for natural flavors and fragrances driven by regulatory standards and compliance requirements. Moreover, the market sees a surge in the adoption of natural cosmetics and fragrance compounds, with consumers showing a preference for synthetic alternatives. Phenols, aldehydes, alcohols, and esters, along with exotic essential oils like sandalwood, are among the key ingredients shaping the diverse landscape of flavors and fragrances, catering to evolving consumer tastes and preferences. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage. Flavor ingredients are used in cosmetic products to create natural fragrance compounds, appealing to the working-class population with scents like sandals.

Key Market Driver

The increase in disposable income is driving growth in the market. The increasing expenditure on food and personal care products, because of the rise in disposable income, is likely to drive the growth of the global market during the forecast period. With the increase in disposable income, households have more money to either save or spend on products that are not strictly essential.

However, the strong consumer base and high disposable incomes of North America and Europe make it an appealing market for fragrance products. The ability for consumers in North America to purchase power to indulge in luxury and premium fragrances results in increased demand in the whole market. Therefore, the increase in disposable income will significantly drive the global market during the forecast period.

Significant Market Trends

The growing investments in the market is a primary trend in the market.  New technologies are being used by a number of local and global players in the global vendors for Spices and Fragrances to develop improved varieties of Natural and synthetical flavors so as to gain stability. These vendors are increasingly engaging in several R&D activities to introduce innovations and technological advances. Such activities will increase the demand globally, which will drive the growth of the global market.

Moreover, In order to preserve the taste that is derived from natural ingredients, particularly fruits, manufacturers are developing advanced methods of flavor extraction. Some of the popular technologies include supercritical carbon dioxide technology, solid-liquid extraction, high-power ultrasound, and supercritical fluid extraction. Innovations and technological advances are emerging as a popular trend, which can help accelerate the growth momentum of the global market during the forecast period.

Major Market Challenge

The threat of counterfeit products is a major challenge in the market. At the same time, increasing demand for flavor and fragrance products resulted in an increase in the influx of counterfeit products into the market Counterfeiting refers to the branding and sales of unauthorized products, which represents a major challenge for genuine vendors.  The manufacture of counterfeiting spices and perfumes is carried out on the basis of low-cost, non-standard materials.

However, due to their low cost, which affects the brand image and sales of the company, most consumers are unable to distinguish between originals and counterfeits and buy them. Hence, vendors across the world are taking active measures to stop counterfeiting. Moreover, with the increasing digitization and growth in e-commerce platforms, the penetration of counterfeit products is likely to increase, which will act as a challenge for the global market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Flavors and Fragrances Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Archer Daniels Midland Co. -  The company offers flavors and fragrances such as mint and vanilla flavors.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • AARAV Flavors and Fragrances Pvt. Ltd.
  • Alpha Aromatics Inc.
  • BASF SE
  • Ernesto Ventos SA
  • Firmenich SA
  • Givaudan SA
  • Huabao International Holdings Ltd.
  • International Flavors and Fragrances Inc.
  • Kerry Group Plc
  • McCormick and Co. Inc.
  • Ogawa and Co. Ltd.
  • Robertet SA
  • S H Kelkar and Co. Ltd.
  • Sensient Technologies Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook
    • Fragrances
    • Flavors
  • Product Outlook
    • Formulated flavors and fragrances
    • Aroma chemicals
    • Essential oils
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Market Analyst Overview

The market continues to expand, driven by various factors such as the demand for packaged foods, preserved foods, and ready-to-eat meals amidst urbanization and the working-class population's busy lifestyles. Regulatory standards and compliance remain crucial in ensuring product safety and meeting consumer preferences, especially in online food shopping and retail grocery segments. Synthetic and natural ingredients play a significant role in flavor and fragrance development, catering to diverse consumer needs across beverages, confectionery, dairy, and personal care products. However, challenges like profit margin issues, regulatory clearances, and environmental protection laws persist, impacting both larger multinational companies and smaller players in this fragmented industry.

Adaptability, creativity, and adherence to labeling and manufacturing regulations are essential for market approachability and sustained growth in this dynamic sector. The market experiences growth driven by various factors, including the demand for ready-to-eat food and consumer products shopping facilitated by apps and the Internet. It caters to a busy lifestyle pattern by offering a wide range of synthetic and natural fragrances and flavors for processed foods, cosmetics, and personal care products.

Moreover, both large-scale multinational companies and smaller firms contribute to this market, facing challenges such as profit margin problems and regulatory considerations. The industry innovates with new ingredients and natural chemicals, serving sectors like pharmaceuticals and aromatherapy. Aromatherapy applications, aromatic oils, and essential oils like lavender and eucalyptus are popular, with applications in hand washes and aromatherapy diffusers, catering to consumer preferences for natural products.

Flavors And Fragrances Market Scope

Report Coverage

Details

Page number

172

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.3%

Market growth 2023-2027

USD 12.39 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.53

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 44%

Key countries

US, China, Japan, Germany, and Italy

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AARAV Flavors and Fragrances Pvt. Ltd., Alpha Aromatics Inc., Archer Daniels Midland Co., BASF SE, Ernesto Ventos SA, Firmenich SA, Givaudan SA, Huabao International Holdings Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, McCormick and Co. Inc., Ogawa and Co. Ltd., Robertet SA, S H Kelkar and Co. Ltd., Sensient Technologies Corp., Solvay SA, Symrise AG, T. Hasegawa Co. Ltd., Takasago International Corp., and V. Mane Fils

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global flavors and fragrances market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global flavors and fragrances market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Fragrances - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Fragrances - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Fragrances - Year-over-year growth 2022-2027 (%)
    • 6.4 Flavors - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Flavors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Flavors - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Flavors - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Flavors - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 44: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 46: Chart on Comparison by Product
      • Exhibit 47: Data Table on Comparison by Product
    • 7.3 Formulated flavors and fragrances - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Formulated flavors and fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Formulated flavors and fragrances - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Formulated flavors and fragrances - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Formulated flavors and fragrances - Year-over-year growth 2022-2027 (%)
    • 7.4 Aroma chemicals - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Aroma chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Aroma chemicals - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Aroma chemicals - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Aroma chemicals - Year-over-year growth 2022-2027 (%)
    • 7.5 Essential oils - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Essential oils - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Essential oils - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Essential oils - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Essential oils - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 60: Market opportunity by Product ($ million)
      • Exhibit 61: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Archer Daniels Midland Co.
              • Exhibit 115: Archer Daniels Midland Co. - Overview
              • Exhibit 116: Archer Daniels Midland Co. - Business segments
              • Exhibit 117: Archer Daniels Midland Co. - Key offerings
              • Exhibit 118: Archer Daniels Midland Co. - Segment focus
            • 12.4 Firmenich SA
              • Exhibit 119: Firmenich SA - Overview
              • Exhibit 120: Firmenich SA - Product / Service
              • Exhibit 121: Firmenich SA - Key offerings
            • 12.5 Givaudan SA
              • Exhibit 122: Givaudan SA - Overview
              • Exhibit 123: Givaudan SA - Business segments
              • Exhibit 124: Givaudan SA - Key offerings
              • Exhibit 125: Givaudan SA - Segment focus
            • 12.6 Huabao International Holdings Ltd.
              • Exhibit 126: Huabao International Holdings Ltd. - Overview
              • Exhibit 127: Huabao International Holdings Ltd. - Business segments
              • Exhibit 128: Huabao International Holdings Ltd. - Key offerings
              • Exhibit 129: Huabao International Holdings Ltd. - Segment focus
            • 12.7 International Flavors and Fragrances Inc.
              • Exhibit 130: International Flavors and Fragrances Inc. - Overview
              • Exhibit 131: International Flavors and Fragrances Inc. - Business segments
              • Exhibit 132: International Flavors and Fragrances Inc. - Key news
              • Exhibit 133: International Flavors and Fragrances Inc. - Key offerings
              • Exhibit 134: International Flavors and Fragrances Inc. - Segment focus
            • 12.8 Kerry Group Plc
              • Exhibit 135: Kerry Group Plc - Overview
              • Exhibit 136: Kerry Group Plc - Business segments
              • Exhibit 137: Kerry Group Plc - Key offerings
              • Exhibit 138: Kerry Group Plc - Segment focus
            • 12.9 McCormick and Co. Inc.
              • Exhibit 139: McCormick and Co. Inc. - Overview
              • Exhibit 140: McCormick and Co. Inc. - Business segments
              • Exhibit 141: McCormick and Co. Inc. - Key offerings
              • Exhibit 142: McCormick and Co. Inc. - Segment focus
            • 12.10 Ogawa and Co. Ltd.
              • Exhibit 143: Ogawa and Co. Ltd. - Overview
              • Exhibit 144: Ogawa and Co. Ltd. - Product / Service
              • Exhibit 145: Ogawa and Co. Ltd. - Key offerings
            • 12.11 Robertet SA
              • Exhibit 146: Robertet SA - Overview
              • Exhibit 147: Robertet SA - Business segments
              • Exhibit 148: Robertet SA - Key offerings
              • Exhibit 149: Robertet SA - Segment focus
            • 12.12 Sensient Technologies Corp.
              • Exhibit 150: Sensient Technologies Corp. - Overview
              • Exhibit 151: Sensient Technologies Corp. - Business segments
              • Exhibit 152: Sensient Technologies Corp. - Key offerings
              • Exhibit 153: Sensient Technologies Corp. - Segment focus
            • 12.13 Solvay SA
              • Exhibit 154: Solvay SA - Overview
              • Exhibit 155: Solvay SA - Business segments
              • Exhibit 156: Solvay SA - Key news
              • Exhibit 157: Solvay SA - Key offerings
              • Exhibit 158: Solvay SA - Segment focus
            • 12.14 Symrise AG
              • Exhibit 159: Symrise AG - Overview
              • Exhibit 160: Symrise AG - Business segments
              • Exhibit 161: Symrise AG - Key offerings
              • Exhibit 162: Symrise AG - Segment focus
            • 12.15 T. Hasegawa Co. Ltd.
              • Exhibit 163: T. Hasegawa Co. Ltd. - Overview
              • Exhibit 164: T. Hasegawa Co. Ltd. - Business segments
              • Exhibit 165: T. Hasegawa Co. Ltd. - Key offerings
              • Exhibit 166: T. Hasegawa Co. Ltd. - Segment focus
            • 12.16 Takasago International Corp.
              • Exhibit 167: Takasago International Corp. - Overview
              • Exhibit 168: Takasago International Corp. - Business segments
              • Exhibit 169: Takasago International Corp. - Key news
              • Exhibit 170: Takasago International Corp. - Key offerings
              • Exhibit 171: Takasago International Corp. - Segment focus
            • 12.17 V. Mane Fils
              • Exhibit 172: V. Mane Fils - Overview
              • Exhibit 173: V. Mane Fils - Product / Service
              • Exhibit 174: V. Mane Fils - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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