Europe Flavor and Fragrance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The European Flavor and Fragrance Market is Segmented by Type (Synthetic and Natural); by Application (Food, Beverage, Beauty and Personal Care, Perfumes, and Others); by Geography

Market Snapshot

Europe
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 4.5 %

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Market Overview

The European flavor and fragrance market is anticipated to registering a CAGR of 4.5%, during the forecast period.

  • The market is driven by increasing demand for innovative flavors and fragrances in the various applications by the consumers.
  • The European market has seen a growing trend of caramel and salted caramel flavors, especially from the bakery and confectionery segment.
  • There is also a growth in the perfumes segment in the country, which, in turn, is expected to boost the fragrance market in the region.

Scope of the Report

The European flavor and fragrance market is segmented by type into Synthetic and Natural. By application, the market is segmented into Food, Beverage, Beauty and Personal Care and Others. The report also involves the regional analysis of the market, which includes countries, like the United Kingdom, France, Spain, Italy, Germany, Russia, and the Rest of Europe.

By Type
Synthetic
Natural
By Application
Food
Savory and Snacks
Dairy Products
Bakery
Confectionery
Meat
Others
Beverage
Beauty and Personal Care
Perfumes
Others
By Country
United Kingdom
France
Germany
Spain
Italy
Russia
Rest of Europe

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Key Market Trends

Growing Demand for Plant-based Ingredients

European consumer attitudes and knowledge toward plant-based diets have been growing in recent years. The unceasing innovation and developments in the flavor market have been tapping the emerging food and beverage industries. Plant-derived vegan flavors in the food ingredients market have emerged as a boon for businesses dedicating operations for vegan products. Moreover, the rising vegan population in the countries remain the primary factor boosting the market studied. Acknowledging the scenario, ingredient manufacturers are increasingly introducing products, such as dairy-free dairy flavors, to be incorporated in supposed dairy products that could be enjoyed by a restricted population.

Europe Flavor and Fragrances Market-1

Germany holds a Prominent Share

Germany is the largest food producer in Europe, with the food and beverage industry generating production figures of EUR 150 million annually. The country’s food and beverage industry provides great opportunities for flavor manufacture, as its flavor is an indispensable ingredient for food and drinks, which helps in delivering palatability, as well as position a product or target a specific group of consumers. The fragrance market in the country is majorly driven by the growing demand from the beauty and personal care segment. There is also an increased demand for perfumes in the country, owing to the high standards of living. These factors have led to a huge demand for flavor and fragrances in the country.

Europe Flavor and Fragrances Market-2

Competitive Landscape

The European flavor and fragrance market is consolidated, with major players holding a prominent share in the market. The major players in the market are Givaudan, IFF-Frutarom, Firmenich, Symrise, Takasago, Sensient Technologies, etc. Players operating in the market are coming up with various new product offerings in order to cater to the growing consumer base.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Research Phases

    2. 1.2 Study Deliverables

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Synthetic

      2. 5.1.2 Natural

    2. 5.2 By Application

      1. 5.2.1 Food

        1. 5.2.1.1 Savory and Snacks

        2. 5.2.1.2 Dairy Products

        3. 5.2.1.3 Bakery

        4. 5.2.1.4 Confectionery

        5. 5.2.1.5 Meat

        6. 5.2.1.6 Others

      2. 5.2.2 Beverage

      3. 5.2.3 Beauty and Personal Care

      4. 5.2.4 Perfumes

      5. 5.2.5 Others

    3. 5.3 By Country

      1. 5.3.1 United Kingdom

      2. 5.3.2 France

      3. 5.3.3 Germany

      4. 5.3.4 Spain

      5. 5.3.5 Italy

      6. 5.3.6 Russia

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies adopted by Key players

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Givaudan

      2. 6.4.2 Firmenich SA

      3. 6.4.3 International Flavors & Fragrances

      4. 6.4.4 Symrise AG

      5. 6.4.5 The Archer Daniels Midland Compan

      6. 6.4.6 Sensient Technologies

      7. 6.4.7 MANE Group

      8. 6.4.8 Takasago International Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Europe Flavors and Fragrances Market market is studied from 2016 - 2026.

The Europe Flavors and Fragrances Market is growing at a CAGR of 4.5% over the next 5 years.

Givaudan, Firmenich SA, International Flavors & Fragrances, Symrise are the major companies operating in Europe Flavors and Fragrances Market.

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