Natural Flavors and Fragrances Market

Aromas and flavors are derived from plants, fruits, and flowers, among other natural sources. They are used in cosmetics, food, and beverages, among other products. Natural flavors and aromas can be either natural or synthetic.

The increasing demand for natural ingredients in food, beverages, cosmetics, and personal care products drives the global market for natural flavors and fragrances. Increased awareness of the health risks associated with synthetic ingredients is another significant factor driving market expansion. However, the high cost of natural flavors and fragrances relative to their synthetic counterparts is a significant factor inhibiting market expansion.

In 2018, more than XX percent of the global market for natural flavors and fragrances was generated in the Asia-Pacific region. From 2018 to 2031, the region is anticipated to grow at a CAGR of XX%.

Firmenich SA, Givaudan SA, Sensient Technologies Corporation, IFF (International Flavors and Fragrances), Takasago International Corporation, Symrise AG, Robertet SA, Frutarom Industries Ltd., mann+hummel GmbH (M+H), and Massey University are some of the key players in the global natural flavor and fragrance market. To remain competitive in this market, these players have adopted various strategies, including expansions, acquisitions, new product launches, partnerships, joint ventures, and collaborations.