global flavor and fragrance market report: 2015 edition - new report by koncept analytics
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Global Flavor & Fragrance Market Report -----------------------------------------
2015
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Executive SummaryThe flavors and fragrances (F&F) market is part of a larger market, which supplies a variety of ingredients and components that consumer product manufacturers utilize in their products. The broader market includes large multinational companies and smaller regional and local participants which supply products such as seasonings, texturizers, spices, enzymes, fortified products and cosmetic ingredients. The organizations in F&F industry are focusing on their exercises towards profoundly populated and quickly growing locales of the world like Asia Pacific, Latin America, Middle East and Africa.
The global flavors and fragrances market is growing on the back of incessantly increasing demand from emerging markets, rising preference of packaged foods and beverages and escalating cosmetics industry. Ameliorating global economic development and emerging middle class population are other major factors which are bolstering the respective market. Increasing product launch at global level, rising concern towards food safety, health and wellness as well as towards flavors and also growing demand for natural ingredients are the significant trends observed in the F&F market. However, there are many factors which hinder the growth of respective industry, some of which are high research and development cost, regulatory risks, significant barriers to entry and fluctuating raw material prices.
This report offers a comprehensive analysis of the global flavors and fragrances market, along with an in-depth study of each of its segments. The global flavors and fragrance industry is characterized by its dynamic structure and intense competition among the companies operating here. To remain competitive, the players continue to invest heavily in research and development. Givaundan is the market leader in the Global F&F industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom. The competitive landscape along with the company profiles of the leading players in the market is discussed in detail.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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The food ingredients market is a significant part of the food and beverage value chain. It ranges from basic raw materials, such as sugar, to manufacturing ingredients such as food coloring and preservatives.
From US$xx billion in 2006 to US$xx billion in 2013, the growth of the market was noted at a CAGR of xx%.
The global market for SFI comprises xx% of flavor segment followed by the functional food ingredients (xx%) and least share of xx% belonging to HIS.
The largest demand for food ingredients comes from Asia Pacific region (xx%) followed by Western Europe with xx% share of volume consumed globally.
Segmentation of Specialty Food Ingredients Market (2014)
Global Specialty Food Ingredients Market (2006-2014E)
Global Ingredients Market Volume by Geography (2014)
2006 2007 2008 2009 2010 2011 2012 2013 2014E
US$
Billi
on
Flavour
Functional FoodIngredientsHydrocollids
Polyols
Speciality Starches
Emulcifiers
Speciality Sweeteners
Colors
Preservatives
High Intensity Sweeteners
Asia Pacific
WesternEurope
LatinAmerica
NorthAmerica
Middle Eastand Africa
EasternEurope
Australasia
Flavor term is usually used in the fragrance and flavors industry to refer to edible chemicals and extracts that alter the flavor of food and food products through the sense of smell.
In the transition from the end of 2013 to that of 2014, the absolute demand for flavor and fragrances increased by xx thousand tons, reaching xxx thousand tons for the year 2014.
As of 2014, Asia constituted the largest market for flavors and fragrances with total consumption worth US$xx billion, projected to grow at a CAGR of xx% by the end of 2019.
Flavor Industry was valued at US$xx billion and US$xx billion for the years 2013 and 2014, growing at a CAGR of xx% for the period spanning 2009-2014.
Global Flavor and Fragrance Consumption by Region (2014/2019)
Global Flavor and Fragrance Market by Volume (2009-2014)
Global Flavors Market by Revenues (2009-2014)
2009
2010
2011
2012
2013
2014
'000 Tons
2014
2019
LATAM
Asia
Africa & Mid-East
Europe
North America2009 2010 2011 2012 2013 2014
US$
Billi
on
The worldwide flavors business sector is much bigger than that of aromas in volume terms, however scents are for the most part more costly on a weight-for-weight premise.
An absolute demand for flavors increased by xx thousand tons in the year 2014, reaching annual consumption of xx thousand tons of flavors globally; estimated YoY growth of nearly xx% over 2013 consumption.
Soaps and detergents capture the largest share of xx% on the basis of end use, cosmetics & toiletries cater xx% of the total fragrance related products
Global Flavor Market Volume by End Use (2014)
Global Flavors Market Demand by Volume (2009-2014)
Global Fragrance Market Volume by Category (2014E)
2009 2010 2011 2012 2013 2014
%
'000
Tons
DemandVolume
YoYGrowth
Beverages
Dairy
Savoury
Confectionary
Bakery
Meat
Oral Hygiene
Snacks
Other Flavors
Laundry Care
Air care
Dishwashing
Bath & Shower
Hair Care
Surface Care
Deodrants
Fragrances
Mens Grooming
Baby Care
Toilet Care
Others
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