NEW YORK, April 25, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2022 by product (flavor and fragrance), application (dairy, savory/snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), raw material (aroma chemical and essential oils), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Read the full report: http://www.reportlinker.com/p04837544/Growth-Opportunities-in-the-Global-Flavor-and-Fragrance-Market.html
The future of the global flavor and fragrance market looks good with opportunities in flavor and fragrance products, such as dairy, savory/snacks, fine fragrance, cosmetic and toiletries, and household and air care. The global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income among middle class, changing consumer preferences, and growing awareness among customers to buy products that contain natural ingredients.
Emerging trends, which have a direct impact on the dynamics of the flavor and fragrance industry, include increased use of biotic ingredients and business expansion by major players in emerging markets.
The study includes the flavor and fragrance market size and a forecast for the global flavor and fragrance market through 2022 by product type, application, raw material, country, and region as follows:
Flavor and fragrance market by product type (Value ($B) shipment analysis from 2011-2022):
• Flavor
• Fragrance
Flavor Market by Application (Value ($B) shipment analysis from 2011-2022):
• Dairy
• Savory/Snacks
• Beverage
• Confectionery/ Bakery
• Others
Flavor Market by Application (Value ($B) shipment analysis from 2011-2022):
• Fine fragrance
• Cosmetic and toiletry
• Soap and detergents
• House hold and air care
• Others
Flavor and fragrance market by raw material (Value ($B) shipment analysis from 2011-2022)
• Aroma Chemical
• Essential Oils
Regional Break down for Flavor and Fragrance Market (Value ($B) shipment analysis from 2011-2022)
• North America
• Europe
• Asia Pacific
• Rest of the World
Flavor and fragrance market by country (Value ($B) shipment analysis from 2011-2022)
• US
• Western Europe
• Eastern Europe
• Central Europe
• China
• Japan
• India
• Middle East
• South America
• Africa
Flavor and fragrance companies profiled in this market include Givaudan, Firmenich, IFF, Symrise AG, and Takasago are among the major suppliers of the flavor and fragrance market.
On the basis of its comprehensive research, Lucintel forecasts that dairy, fine fragrances, and household and air care likely to experience the highest growth in the forecast period.
Within the global flavor market, the beverage application is likely to remain the largest segment during the forecast period, while soap & detergents is likely to be the largest segment for the fragrance market.
Asia Pacific is expected to become the largest market and is also expected to witness above average growth over the forecast period due to strengthening economies, growing urbanization, changing lifestyle, and a rise in per capita income.
Some of the features of "Growth Opportunities in the Global Flavor and Fragrance Market 2017-2022: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global flavor and fragrance market size estimation in terms of value ($B) shipment.
- Trend and forecast analysis: Market trend (2011-2016) and forecast (2017-2022) by segments and region.
- Segmentation analysis: Global flavor and fragrance market size by various applications such as product type, application type, raw material type, and country in terms of value shipment.
- Regional Analysis: Flavor and fragrance market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of flavor and fragrance market.
- Strategic analysis: This includes M&A, new product development, competitive landscape of flavor and fragrance suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth trends in the global flavor and fragrance market by product (flavor and fragrance), application (dairy, savory/snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others), raw material (aroma chemical and essential oils), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which region will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in flavor and fragrance market?
Q.5.What are the business risks and competitive threats in flavor and fragrance market?
Q.6.What are the emerging trends in flavor and fragrance market and the reasons behind them?
Q.7.What are some of the changing demands of customers in the flavor and fragrance market?
Q.8.What are the new developments in the flavor and fragrance market? Which companies are leading these developments?
Q.9. Who are the major players in flavor and fragrance market? What strategic initiatives are key players pursuing for business growth?
Q.10.What are some of the competing products in flavor and fragrance market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11.What M & A activity has occurred in the last 5 years and what has its impact been on flavor and fragrance industry?
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
• In-depth interviews of the major players in this market
• Detailed secondary research from competitors' financial statements and published data
• Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
• A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in global flavor and fragrance market are Givaudan, Firmenich, IFF, Symrise and others.
Read the full report: http://www.reportlinker.com/p04837544/Growth-Opportunities-in-the-Global-Flavor-and-Fragrance-Market.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-global-flavor-and-fragrance-market-is-forecast-to-grow-at-a-cagr-of-42-from-2017-to-2022-300445780.html
SOURCE Reportlinker
