Global Flavours and Fragrances Market Report from The Delvens highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, Key Competitors market shares, and strategies that are key to the Global market. The Report provides Complete view and insights, highlighting major outcomes of the industry. These Flavours and Fragrances Market insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.
The Global Flavours and Fragrances Market size was estimated at USD 32.1 billion in 2023 and is projected to reach USD 45.5 billion in 2030 at a CAGR of 5.1% during the forecast period 2023-2030.
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The sensory experience of flavors and fragrances is a result of the intricate blend of lactones, acids, esters, ketones, alcohol, and aldehydes. These substances are deliberately incorporated into a product to modify its solute characteristics, thereby increasing its value by providing a pleasant odor or imparting sweet, sour, tangy, and other taste profiles.
Top Key Players of Flavours and Fragrances Market:
• Givaudan
• International Flavors and Fragrances (IFF)
• Symrise AG
• Robertet Group
• Kerry Group plc
• Sensient Technologies
• Firmenich SA
• Takasago International Corp
• T. Hasegawa Co., Ltd.
• Mane
• Archer Daniel Midland Company
• Solvay S.A
• BASF
• Bell Flavors & Fragrances
• Biolandes SAS
• Young Living Essential Oils
• doTERRA International
• Falcon Essential Oils
• Flavex Naturextrakte GmbH
• Universal Oleoresins
• Synthite Industries Ltd.
• Ungerer & Company
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The growth of the Modified Starch market is mainly being driven by the increasing demand for natural ingredients in food. Modified starch is a natural ingredient that is widely used in food products as a thickener, binder, emulsifier, and stabilizer. The increasing demand for natural ingredients in food is expected to drive the growth of the modified starch market.
Flavours and Fragrances Market Segmentations:
By Ingredients
• Natural
• Synthetic
By End-Use
• Flavors
• Beverages
• Savory & Snacks
• Dairy Products
• Bakery
• Confectionary
• Others
• Fragrances
• Consumer Products
• Fine Fragrances
Recent Developments
In December 2021, Givaudan completed the acquisition of DDW, the Color House, a U.S.-based natural color company, to expand the portfolio of its global Taste & Wellbeing business. The acquisition was done as a part of the 2025 expansion strategy in the natural colors business.
In July 2021, Sensient Technologies Corporation acquired the assets of Flavor Solutions, Inc., which provides flavors and flavor technologies to the food, beverage, and nutraceutical markets. The acquisition of this business will grow Sensient’s flavor portfolio through the expansion of its traditional flavor offering as well as the addition of savory reaction flavors, natural shelf-life extender technologies, and additional sweetness enhancing and salt reduction taste-modulation technology platforms.
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In addition to the market data for the Flavours & Fragrances Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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The Modified Starch Market size was estimated at USD 14.1 billion in 2023 and is projected to reach USD 17.27 billion in 2030 at a CAGR of 2.94% during the forecast period 2023-2030.
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