Top Companies in Flavors & Fragrances Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Flavors & Fragrances Market is projected to reach a value of USD 32.6 Billion by 2028 at a CAGR of 4.5% over the forecast period.
The Global Flavors & Fragrances Market is valued at USD 25.1 Billion in 2021 and is projected to reach a value of USD 32.6 Billion by 2028 at a CAGR of 4.5% over the forecast period. The development of new flavors, the introduction of novel technologies, and the significant input of funding for R&D activities are additional elements supporting the expansion of the flavors industry.
Global demand for ready-to-eat meals and fast food, along with increased use of Flavors & Fragrances in the cosmetic and pharmaceutical industries, are the main factors influencing the growth of the Flavors & Fragrances market.
It is projected that the hectic lifestyle patterns maintained in developed and developing nations would increase demand for processed foods & beverages, raising the need for flavors on the global market. Furthermore, utilizing natural tastes is another emerging trend due to increased health consciousness. The market for tastes and fragrances has expanded due to the rising demand for flavors across European nations to manufacture commercialized clean-label or green food products devoid of additives and other dangerous substances.
The Flavors & Fragrances market is dominated by globally crucial players such as Sensient Technologies Corporation (US), Mane SA (France), Takasago International Corporation (Japan), Manohar Botanical Extracts Pvt. Ltd. (India), Alpha Aromatics (US), Ozone Naturals (India), Elevance Renewable Sciences Inc. (US), Firmenich SA (Switzerland), Symrise AG (Germany), Vigon International Inc. (US), BASF SE (Germany), Indo World (India), Akay Flavors & Aromatics Pvt. Ltd. (India), Ungerer& Company (US), Synthite Industries Limited (India), Universal Oleoresins (India), FlavexNaturextrakte GmbH (Germany), Falcon Essential Oils (India), doTERRA International LLC (US), Young Living Essential Oils (US), Biolandes SAS (France), International Flavors and Fragrances Inc. (US), and Givaudan (Switzerland) among others.
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Let’s Look at the Top Companies That are Taking the Flavors & Fragrances Market by Storm
- Sensient Technologies Corporation (US)
This Company provides perfumes, flavors, and colors. The company produces a range of ink-jet inks, additives for the cosmetic and pharmaceutical industries, and flavors for food and beverages. Sensient Technologies serve customers in the United States.
- Takasago International Corporation (Japan)
This manufacturer of aroma compounds is Takasago International Corporation. Cosmetics and soft drinks both use the company's goods. Takasago International operates facilities abroad.
- Alpha Aromatics (US)
One of the most reputable and innovative companies on the market, Alpha Aromatics is an international fragrance production firm that creates and supplies scents for them. The company offers organic, natural, and creative fragrance compositions for personal care items, premium perfumes, candles & diffusers, scents for home products, and odour neutralizers.
- Ozone Naturals (India)
Ozone Naturals is a well-known company that produces high-quality and high-value ingredients—a reputable manufacturing company with substantial expertise serving customers worldwide with different products and across several industries.
- Elevance Renewable Sciences Inc. (US)
Elevance Renewable Sciences Inc. is a manufacturer and distributor of specialized chemicals. The business manufactures high-performance compounds in specialized chemicals, lubricants, detergents, and personal care products. Elevance Renewable Sciences serve America-wide clients.
- Firmenich SA (Switzerland)
This Company sells chemicals, flavors, and fragrances. The business creates flavors for beverages, confectionery, and other foods, scents for perfumes, hair care, laundry, and air freshener goods, and chemicals for fragrance and flavor production. Firmenich serves Spanish consumers.
- Symrise AG (Germany)
Symrise AG is a manufacturer of several chemicals. The company manufactures fragrance bases, fragrance oils, cosmetic components, flavorings, fruit powders, plant extracts, and seasonings. Customers of Symrise produce fragrances, soaps, hair care items, cosmetics, detergents, home goods, medicines, and food and drinks.
- Vigon International Inc. (US)
Vigon International Inc. is a manufacturer and distributor of flavor and fragrance ingredients. The business sells fragrance compounds, synthetic and natural components, and essential oils. Vigon International serves customers in Pennsylvania.
- Akay Flavors & Aromatics Private Limited (India)
This Company produces and sells spices and extracts. The business sells antioxidants, roasted oleoresins, natural colors, essential oils, paprika, and other ingredients in sauces, candy, beverages, and meat canning. In India, Akay Flavors & Aromatics caters to clients.
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