09.06.18
The global flavors and fragrances market is anticipated to reach USD 28.65 billion by 2025 -- and grow 4.5% from 2014 to 2025. See the chart in the second slider above.
More details are in this new report by Hexa Research.
What's driving growth? A shifting consumer preference towards organic ingredients in food and personal care products. In addition, the number of applications in food, beverages and cosmetics is growing, and is projected to drive the demand for flavors and fragrances.
Analysts at Hexa Research say the cosmetic and personal care industries are "major end-use industries" for flavors and fragrances -- and are using these products to improve sensory appeal and product value.
Flavors and fragrances offer long-lasting sensory impressions -- and enhance a product's overall appeal and aesthetic value. They are prepared using volatile chemicals and essential oils to deliver a specific flavor or to enhance existing flavors.
The key companies operating in the global flavors and fragrances market, which are covered in the report, are Biolandes SAS; Young Living Essential Oils; dōTERRA International; Falcon Essential Oils; Universal Oleoresins; Synthite Industries Limited; Ungerer & Company, Inc.; Akay; Indo World; BASF SE; Flavex Naturextrakte GmbH; Vigon International, Inc.; Symrise AG; Firmenich SA; Elevance Renewable Sciences, Inc.; Ozone Naturals; Alpha Aromatics; and Manohar Botanical Extracts Pvt. Ltd.
