Market Analysis Report Flavors And Fragrances Market | Page 2

Your Catalyst to a Lucrative Business
Flavors and fragrances offer long-lasting sensory impressions, often determined when finely applied to
medical products, food and beverage, and other substances. These products enhance overall appeal and
aesthetic value of consumer goods. Flavors and fragrances are mostly prepared using volatile chemicals and
essential oils to deliver a specific flavor or to enhance existing flavors. Food flavo ring can be categorized into
natural and synthetic. Increasing consumer preference for fresh and natural products has contributed to
lucrative segment growth.
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Positive outlook, predominantly in Middle East and Brazil, Russia, India, China, and South Africa
(BRICS), is one of the significant drivers for the global flavors and fragrances market. Rising domestic
consumption of foods and beverages in the light of expanding retail network, new product launches,
and population growth is expected to encourage drive demand from BRICS. In addition, regulatory
support aimed at facilitating Foreign Direct Investments (FDI) at domestic level, on account of political
changes, particularly in India and China, is projected to increase regional manufacturing output. This
factor is poised to amplify growth of the food and beverage sector.
Manufacturers are continuously focusing on combining their production and distribution channels for
better market approachability. Many players manufacture variety of products and are vertically
integrated to cater to various applications. Manufacturing and labeling are controlled by various
regulations, laws, and guidelines issued by authorities such as the U.S. Department of Agriculture
(USDA), Food & Drug Administration (FDA), Health Canada, World Health Organization (WHO), and
European Food Safety Authority (EFSA). Growing demand for personal care products and processed
food, especially in emerging economies is expected to positively influence the market for flavors and
fragrances.
Key companies operating in the global flavors and fragrances market 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.
Companies listed in this category are large producers who are also leaders in terms of R&D
investments. These investments equip them to meet any prospective changes in future. The players
are undertaking mergers and acquisitions and are investing in new product developments and
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