NEW YORK, Aug. 31 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
World Flavors & Fragrances Market
http://www.reportlinker.com/p0285023/World-Flavors--Fragrances-Market.html
Global demand to rise 4.3% annually through 2014
Worldwide demand for flavors and fragrances -- including flavor and fragrance blends, as well as essential oils and other natural extracts, and aroma chemicals -- is projected to increase 4.3 percent per year to $23.5 billion in 2014. Overall advances will be stimulated by gains in food and beverage processing activity, which represents by far the largest market segment. Growth in personal income levels and consumer spending will also stimulate demand for flavors and fragrances used in cosmetics and toiletries, a market segment historically concentrated in North America and Western Europe, but now seeing rapid advances in developing regions. The best opportunities for flavors and fragrances will be found in the Asia/Pacific region, which will account for one-third of total value gains between 2009 and 2014.
China, India among best growth opportunities
While the US is by far the world's largest user of flavors and fragrances (accounting for one-quarter of world demand), the fastest growth will occur in developing regions. Asia, Central and South America, Eastern Europe and the Africa/ Mideast region will all outpace the global average. Industrialization trends and increases in living standards will fuel demand for flavors and fragrances in generally underdeveloped end-user manufacturing industries of these regions. Over the forecast period, the Asia/Pacific region will surpass Western Europe to become the second largest regional consumer of flavors and fragrances, behind North America. In particular, China and India will see some of the most rapid growth in both demand and output, as multinational producers continue to establish subsidiaries in these countries in order to meet local demand.
Food and beverages to remain largest market
Food and beverages, which accounted for 47 percent of aggregate demand in 2009, will remain the largest market for flavors and fragrances. This is due to the widespread application of flavor materials in processed food, snacks, soft drinks, candy and confectioneries, and other items such as meat and seafood products, sauces and condiments. The further expansion of fortified food -- as well as beverages -- will provide opportunities, since flavors are often used to cover up the off-tastes of vitamins, minerals, antioxidants and other added ingredients. Trends toward fast food and other convenience-oriented food options (e.g., ready-to-eat meals) will further boost demand, as these highly processed items often require stronger flavor loadings. The toiletry and cleaner segment will also remain an important market. Faster growth is expected for applications in cosmetics and toiletries, while demand in the well-established detergent and cleaner industry will be limited by market maturity, even in developing regions such as Eastern Europe. Skin care products are expected to provide some of the best opportunities, reflecting expansion of the skin care industry itself, as manufacturers continue to target growth segments with products designed for middle-aged and older adults seeking anti-aging solutions. In addition, fragrances will continue to play an important role in product differentiation in the toiletry and cleaner segment, supporting demand for fragrance blends and aroma chemicals used in related products.
Study coverage
This new industry study presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by product (e.g., flavor blends, fragrance blends, essential oils and natural extracts, aroma chemicals), market (e.g., food and beverages, toiletries and cleaners), world region and for 18 countries. The study also considers market environment factors, evaluates company market share and profiles 37 industry competitors.
INTRODUCTION X |
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I. EXECUTIVE SUMMARY 1 |
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II. MARKET ENVIRONMENT 4 |
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General 4 |
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World Economic Overview 5 |
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Recent Economic Performance 5 |
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Macroeconomic Outlook 7 |
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World Demographic Outlook 11 |
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World per Capita Gross Domestic Product 13 |
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World Personal Consumption Expenditure Trends 15 |
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World Manufacturing Outlook 17 |
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World Food & Beverage Manufacturing Outlook 19 |
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World Beverage & Soft Drink Outlook 22 |
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World Toiletry & Cleaner Outlook 27 |
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III. OVERVIEW 31 |
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General 31 |
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Product Overview 31 |
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Flavor Blends 33 |
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Fragrance Blends 36 |
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Essential Oils & Natural Extracts 39 |
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Aroma Chemicals 43 |
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Market Overview 46 |
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Food & Beverages 48 |
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Toiletries & Cleaners 51 |
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Other Markets 54 |
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Regional Overview 57 |
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Demand 58 |
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Per Capita Consumption Trends 60 |
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Production 63 |
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World Trade Outlook 65 |
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IV. NORTH AMERICA 68 |
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General 68 |
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Supply & Demand 70 |
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Markets 73 |
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United States 74 |
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Canada 81 |
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Mexico 87 |
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V. WESTERN EUROPE 94 |
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General 94 |
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Supply & Demand 96 |
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Markets 99 |
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France 100 |
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Germany 107 |
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Italy 113 |
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Netherlands 119 |
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Spain 124 |
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Switzerland 130 |
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United Kingdom 135 |
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Other Western Europe 141 |
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VI. ASIA/PACIFIC 147 |
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General 147 |
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Supply & Demand 149 |
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Markets 152 |
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Australia 153 |
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China 158 |
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India 166 |
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Japan 172 |
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South Korea 178 |
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Taiwan 185 |
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Other Asia/Pacific 191 |
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VII. OTHER REGIONS 199 |
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Central & South America 199 |
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Brazil 203 |
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Other Central & South America 208 |
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Eastern Europe 213 |
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Russia 217 |
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Other Eastern Europe 223 |
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Africa/Mideast 228 |
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VIII. INDUSTRY STRUCTURE 235 |
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General 235 |
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Market Share 238 |
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Acquisitions & Divestitures 243 |
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Competitive Strategies 246 |
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Product Differentiation 246 |
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Market Segmentation 247 |
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Cooperative Agreements 248 |
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Research & Development 251 |
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Manufacturing Methods 254 |
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Marketing & Distribution 256 |
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Company Profiles 258 |
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Agilex Flavors & Fragrances Incorporated 259 |
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Aromatech France 261 |
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BASF SE 263 |
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Bell Flavors & Fragrances Incorporated 265 |
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Belmay Incorporated 267 |
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Cargill Incorporated 268 |
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Charabot, see Robertet |
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China Flavors & Fragrances Company Limited 270 |
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ConAgra Foods Incorporated 271 |
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CPL Aromas Limited 273 |
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DERA Holding, see Kerry Group |
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Derives Resiniques et Terpeniques 275 |
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ETOL dd 276 |
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Firmenich SA 278 |
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Frutarom, see ICC Industries |
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Gilroy Foods & Flavors, see ConAgra Foods |
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Givaudan SA 282 |
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Hasegawa (T.) Company Limited 289 |
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Huabao International Holdings Limited 291 |
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ICC Industries Incorporated 293 |
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International Flavors & Fragrances Incorporated 297 |
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Kao Corporation 303 |
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Kerry Group plc 305 |
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LyondellBasell Industries NV 308 |
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Mane (V.) Fils SA 310 |
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Manheimer Fragrances, see Symrise |
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McCormick & Company Incorporated 312 |
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Michael (David) & Company Incorporated 313 |
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Nagaoka Perfumery Company Limited 315 |
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Ogawa & Company Limited 316 |
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Plantes Aromatiques du Diois, see Robertet |
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Polarome International Incorporated 317 |
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Quest International, see Givaudan |
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Rhodia SA 318 |
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Robertet SA 321 |
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Sensient Technologies Corporation 324 |
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Soda Aromatic Company Limited 328 |
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Symrise AG 329 |
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Takasago International Corporation 334 |
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Todd (AM) Company 337 |
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Treatt (RC) plc 338 |
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Wanxiang International Limited 340 |
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WILD Flavors GmbH 342 |
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X-Café, see Kerry Group |
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ZEON Corporation 345 |
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Additional Companies Mentioned in the Study 347 |
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LIST OF TABLES |
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SECTION I -- EXECUTIVE SUMMARY |
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Summary Table 3 |
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SECTION II -- MARKET ENVIRONMENT |
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1 World Gross Domestic Product by Region 11 |
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2 World Population by Region 13 |
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3 World per Capita Gross Domestic Product by Region 15 |
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4 World Personal Consumption Expenditures 17 |
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5 World Manufacturing Value Added by Region 19 |
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6 World Food & Beverage Manufacturing Value Added |
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by Region 22 |
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7 World Soft Drink Consumption by Region 26 |
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8 World Toiletry & Cleaner Shipments by Region & Type 30 |
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SECTION III -- OVERVIEW |
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1 World Flavor & Fragrance Demand by Product 32 |
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2 World Flavor Blend Demand by Region 35 |
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3 World Fragrance Blend Demand by Region 38 |
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4 World Essential Oil & Natural Extract Demand by Region 42 |
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5 World Aroma Chemical Demand by Region 45 |
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6 World Flavor & Fragrance Demand by Market 47 |
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7 World Food & Beverage Market for Flavors by Region 50 |
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8 World Toiletry & Cleaner Market for Fragrances by Region 53 |
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9 World Other Markets for Flavors & Fragrances by Region 56 |
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10 World Flavor & Fragrance Demand by Region 59 |
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11 World Flavor & Fragrance Production by Region 64 |
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12 World Net Exports of Flavors & Fragrances by Region 67 |
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SECTION IV -- NORTH AMERICA |
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1 North America -- Flavor & Fragrance Market Environment 70 |
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2 North America -- Flavor & Fragrance Supply & Demand 72 |
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3 North America -- Flavor & Fragrance Markets 73 |
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4 United States -- Flavor & Fragrance Market Environment 76 |
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5 United States -- Flavor & Fragrance Supply & Demand 78 |
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6 United States -- Flavor & Fragrance Markets 80 |
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7 Canada -- Flavor & Fragrance Market Environment 83 |
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8 Canada -- Flavor & Fragrance Supply & Demand 84 |
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9 Canada -- Flavor & Fragrance Markets 86 |
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10 Mexico -- Flavor & Fragrance Market Environment 89 |
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11 Mexico -- Flavor & Fragrance Supply & Demand 91 |
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12 Mexico -- Flavor & Fragrance Markets 92 |
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SECTION V -- WESTERN EUROPE |
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1 Western Europe -- Flavor & Fragrance Market Environment 96 |
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2 Western Europe -- Flavor & Fragrance Supply & Demand 98 |
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3 Western Europe -- Flavor & Fragrance Markets 100 |
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4 France -- Flavor & Fragrance Market Environment 102 |
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5 France -- Flavor & Fragrance Supply & Demand 104 |
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6 France -- Flavor & Fragrance Markets 106 |
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7 Germany -- Flavor & Fragrance Market Environment 109 |
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8 Germany -- Flavor & Fragrance Supply & Demand 110 |
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9 Germany -- Flavor & Fragrance Markets 112 |
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10 Italy -- Flavor & Fragrance Market Environment 115 |
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11 Italy -- Flavor & Fragrance Supply & Demand 117 |
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12 Italy -- Flavor & Fragrance Markets 118 |
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13 Netherlands -- Flavor & Fragrance Market Environment 121 |
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14 Netherlands -- Flavor & Fragrance Supply & Demand 122 |
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15 Netherlands -- Flavor & Fragrance Markets 123 |
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16 Spain -- Flavor & Fragrance Market Environment 126 |
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17 Spain -- Flavor & Fragrance Supply & Demand 128 |
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18 Spain -- Flavor & Fragrance Markets 129 |
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19 Switzerland -- Flavor & Fragrance Market Environment 132 |
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20 Switzerland -- Flavor & Fragrance Supply & Demand 133 |
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21 Switzerland -- Flavor & Fragrance Markets 134 |
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22 United Kingdom -- Flavor & Fragrance Market Environment 137 |
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23 United Kingdom -- Flavor & Fragrance Supply & Demand 139 |
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24 United Kingdom -- Flavor & Fragrance Markets 140 |
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25 Other Western Europe -- Flavor & Fragrance |
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Market Environment 143 |
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26 Other Western Europe -- Flavor & Fragrance |
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Supply & Demand 144 |
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27 Other Western Europe -- Flavor & Fragrance Markets 145 |
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SECTION VI -- ASIA/PACIFIC |
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1 Asia/Pacific -- Flavor & Fragrance Market Environment 149 |
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2 Asia/Pacific -- Flavor & Fragrance Supply & Demand 151 |
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3 Asia/Pacific -- Flavor & Fragrance Markets 153 |
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4 Australia -- Flavor & Fragrance Market Environment 155 |
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5 Australia -- Flavor & Fragrance Supply & Demand 156 |
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6 Australia -- Flavor & Fragrance Markets 157 |
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7 China -- Flavor & Fragrance Market Environment 161 |
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8 China -- Flavor & Fragrance Supply & Demand 163 |
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9 China -- Flavor & Fragrance Markets 165 |
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10 India -- Flavor & Fragrance Market Environment 168 |
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11 India -- Flavor & Fragrance Supply & Demand 170 |
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12 India -- Flavor & Fragrance Markets 171 |
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13 Japan -- Flavor & Fragrance Market Environment 174 |
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14 Japan -- Flavor & Fragrance Supply & Demand 176 |
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15 Japan -- Flavor & Fragrance Markets 177 |
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16 South Korea -- Flavor & Fragrance Market Environment 181 |
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17 South Korea -- Flavor & Fragrance Supply & Demand 183 |
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18 South Korea -- Flavor & Fragrance Markets 184 |
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19 Taiwan -- Flavor & Fragrance Market Environment 187 |
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20 Taiwan -- Flavor & Fragrance Supply & Demand 189 |
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21 Taiwan -- Flavor & Fragrance Markets 190 |
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22 Other Asia/Pacific -- Flavor & Fragrance Market Environment 193 |
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23 Other Asia/Pacific -- Flavor & Fragrance Supply & Demand 195 |
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24 Other Asia/Pacific -- Flavor & Fragrance Markets 197 |
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SECTION VII -- OTHER REGIONS |
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1 Central & South America -- Flavor & Fragrance Supply |
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& Demand 201 |
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2 Central & South America -- Flavor & Fragrance Demand |
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by Type & Market 203 |
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3 Brazil -- Flavor & Fragrance Supply & Demand 205 |
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4 Brazil -- Flavor & Fragrance Demand by Type & Market 207 |
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5 Other Central & South America -- Flavor & Fragrance Supply |
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& Demand 210 |
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6 Other Central & South America -- Flavor & Fragrance Demand |
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by Type & Market 212 |
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7 Eastern Europe -- Flavor & Fragrance Supply & Demand 215 |
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8 Eastern Europe -- Flavor & Fragrance Demand by Type |
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& Market 217 |
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9 Russia -- Flavor & Fragrance Supply & Demand 220 |
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10 Russia -- Flavor & Fragrance Demand by Type & Market 222 |
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11 Other Eastern Europe -- Flavor & Fragrance Supply & Demand 225 |
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12 Other Eastern Europe -- Flavor & Fragrance Demand by Type |
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& Market 227 |
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13 Africa/Mideast -- Flavor & Fragrance Supply & Demand 230 |
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14 Africa/Mideast -- Flavor & Fragrance Demand by Type |
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& Market 233 |
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SECTION VIII -- INDUSTRY STRUCTURE |
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1 World Flavor & Fragrance Sales by Company, 2009 236 |
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2 Selected Acquisitions & Divestitures 244 |
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3 Selected Cooperative Agreements 249 |
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4 R&D Spending Patterns: Selected Flavor & Fragrance |
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Suppliers 254 |
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LIST OF CHARTS |
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SECTION III -- OVERVIEW |
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1 World Flavor & Fragrance Demand by Product, 2009 33 |
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2 World Flavor Blend Demand by Region, 2009 36 |
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3 World Fragrance Blend Demand by Region, 2009 39 |
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4 World Essential Oil & Natural Extract Demand |
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by Region, 2009 43 |
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5 World Aroma Chemical Demand by Region, 2009 46 |
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6 World Flavor & Fragrance Demand by Market, 2009 48 |
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7 World Food & Beverage Market for Flavors by Region, 2009 51 |
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8 World Toiletry & Cleaner Market for Fragrances |
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by Region, 2009 54 |
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9 World Other Markets for Flavors & Fragrances |
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by Region, 2009 57 |
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10 World Flavor & Fragrance Demand by Region, 2009 60 |
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11 Flavor & Fragrance Demand per Capita/ Personal Consumption |
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Expenditures per Capita Relationship, 2009 62 |
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12 World Flavor & Fragrance Production by Region, 2009 65 |
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SECTION IV -- NORTH AMERICA |
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1 North America -- Flavor & Fragrance Demand |
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by Country, 2009 72 |
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SECTION V -- WESTERN EUROPE |
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1 Western Europe -- Flavor & Fragrance Demand |
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by Country, 2009 98 |
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SECTION VI -- ASIA/PACIFIC |
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1 Asia/Pacific -- Flavor & Fragrance Demand by Country, 2009 151 |
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SECTION VIII -- INDUSTRY STRUCTURE |
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1 World Flavor & Fragrance Market Share, 2009 239 |
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To order this report: Fragrance Industry: World Flavors & Fragrances Market
Check our Company Profile, SWOT and Revenue Analysis!
Contact: |
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Nicolas Bombourg |
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Reportlinker |
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Email: [email protected] |
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US: (805)652-2626 |
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Intl: +1 805-652-2626 |
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SOURCE Reportlinker
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