Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Flavors and Fragrances Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Flavors and Fragrances Market Growth?
The flavors and fragrances market size has grown steadily in recent years. It will grow from $34.86 billion in 2024 to $36.26 billion in 2025 at a compound annual growth rate (CAGR) of 4.0%. The growth in the historic period can be attributed to consumer preferences for natural ingredients, innovation in product formulations, globalization of food and beverage industry, shift toward health and wellness products, demand for personal care products.
What Is the Predicted Industry Size and CAGR of the Flavors and Fragrances Market in 2029?
The Flavors and Fragrances Global Market Report 2025 projects the market to reach $44.7 billion in 2029, with a compound annual growth rate (CAGR) of 5.4%.
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Which Factors Are Driving Growth in the Flavors and Fragrances Market?
The key drivers in the flavors and fragrances market are:
• Rising consumer preference for convenience foods
• Widespread use of flavors and fragrances in processed food products
• Use of flavors and fragrances to boost taste and longevity of products
• Significant increase in daily snacking habits among adults
Which Segment Trends Are Covered in the Flavors and Fragrances Market Forecast?
The flavors and fragrancesmarket covered in this report is segmented –
1) By Type: Flavors, Fragrance
2) By Form: Liquid, Dry
3) By Application: Food And Beverage, Cosmetics And Personal Care, Pharmaceutical, Home And Floor Care, Fine Fragrances, Other Applications
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What Are the Current Market Trends in the Flavors and Fragrances Industry?
The key trends in the flavors and fragrances market are:
• Companies in the flavors and fragrances market are increasingly prioritizing innovations like sustainable ingredient sourcing and advanced formulation techniques.
• A move towards sustainable sourcing and production methods is trending within the market.
• Companies are utilizing advances in technology and formulation techniques to accommodate growing customer demands for clean-label products.
• The shift from artificial ingredients to natural product alternatives is a significant emerging trend, meeting sustainability desires and addressing economic considerations.
Who are the Key Companies in the Flavors and Fragrances Market?
Major players in the flavors and fragrances market are:
• International Flavors & Fragrances Inc.
• Kerry Group plc
• Givaudan SA
• Firmenich International SA
• Symrise AG
• Azelis Group
• Robertet SA
• Sensient Technologies Corporation
• Takasago International Corporation
• Huabao International Holdings Limited
• T. Hasegawa Co. Ltd.
• Frutarom Industries Ltd.
• Mane SA
• Treatt plc
• Keva Flavours Pvt Ltd
• CPL Aromas Ltd.
• Berje Inc.
• Bell Flavors & Fragrances Inc.
• Alpha Aromatics
• Comax Flavors
• Vigon International Inc.
• Lebermuth Company Inc.
• Synerzine Inc.
• Fleurchem Inc.
• Nactis Flavours SAS
• Tastepoint by IFF
• Aromatech Group
• MCI Miritz Citrus Ingredients GmbH
• Lluch Essence S.L.
• International Taste Solutions Ltd.
What are the Regional Trends Across the Flavors and Fragrances Market?
Asia-Pacific was the largest region in the flavors and fragrances market in 2024 and is expected to be the fastest-growing region in the forecast period
