Europe Flavours And Fragrances Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

Europe Flavours And Fragrances Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026 | EMR Inc.

“Europe Flavours And Fragrances Market Report and Forecast 2022-2027”
Europe Flavours And Fragrances Market To Be Driven By The Growth Of Application Industries And Their Respective Product Demand In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Europe Flavours and Fragrances Market Report and Forecast 2021-2026’, gives an in-depth analysis of the European flavours and fragrances market, assessing the market based on segment, type, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 28.95 Billion

In Europe, the growing demand for flavors and fragrances in application industries like food, beverages, and cosmetics and toiletries is expected to fuel market growth in the forecast period. Consumption of flavours has increased with the increasing demand for ready-to-eat meals and fast food. Increasing purchase of personal hygiene products in the wake of a global pandemic has also driven the market for fragrant sanitisers, hand washes and floor cleaners. Additionally, growing popularity of aromatherapy is also expected to boost market demand for fragrance ingredients. Moreover, beauty and well-being products are simultaneously invigorating the market with demand increasing due to rise in the social media campaign and influence.

 

Industry Definition and Major Segments

Flavours and fragrances are chemical compounds that appeal to the sense of taste and smell. They can be produced through essential oils or even by synthetic chemical compounds. Flavours and fragrances are used to add taste and scent in different consumer products.

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Based on segment, the market can be broadly divided into:

  • Fragrances: The European fragrance market is further divided into synthetic and natural, based on type. On the basis of natural fragrances type, it is segmented into flowers, fruit, wood, musk, and spice, among others. The market is bifurcated into soaps and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others on the basis of application.
  • Flavours: The European flavours market is divided into liquid and dry based on form. It is segmented into beverage, bakery and confectionary products, dairy and frozen desserts, and savouries and snacks, among others. It is divided into natural identical flavouring substance, artificial flavouring substance, and natural flavours, among others, based on flavouring agent.

The market can be segmented into the following, based on type:

  • Synthetic
  • Natural

On the basis of country, the market can be divided into:

  • Germany
  • United Kingdom
  • France
  • Italy
  • Others

Market Trends

There has been an increasing awareness about the importance of organic products and along with it the use of natural ingredients. This has strengthened the market in the historical period and is also expected to boost growth in the forecast period. Plant-derived vegan flavors in the food ingredients market have emerged as a boon for market growth. Manufacturers engaged in developing natural fragrances charge a premium for 100% organic products. However, with the increasing spending power of customers, people are willing to buy these premium products. Innovative techniques such as encapsulation and controlled release techniques are enhancing the fragrance market. Active choice of animal-cruelty free products made from sustainable ingredients is amongst the major drivers of the market.

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Key Market Players

The major players in the market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, and Wild Flavors, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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