Reportlinker Adds World Flavors & Fragrances Market

Aug 31, 2010, 13:20 ET from Reportlinker

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

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

World Economic Overview 5

Recent Economic Performance 5

Macroeconomic Outlook 7

World Demographic Outlook 11

World per Capita Gross Domestic Product 13

World Personal Consumption Expenditure Trends 15

World Manufacturing Outlook 17

World Food & Beverage Manufacturing Outlook 19

World Beverage & Soft Drink Outlook 22

World Toiletry & Cleaner Outlook 27


III. OVERVIEW 31

General 31

Product Overview 31

Flavor Blends 33

Fragrance Blends 36

Essential Oils & Natural Extracts 39

Aroma Chemicals 43

Market Overview 46

Food & Beverages 48

Toiletries & Cleaners 51

Other Markets 54

Regional Overview 57

Demand 58

Per Capita Consumption Trends 60

Production 63

World Trade Outlook 65


IV. NORTH AMERICA 68

General 68

Supply & Demand 70

Markets 73

United States 74

Canada 81

Mexico 87


V. WESTERN EUROPE 94

General 94

Supply & Demand 96

Markets 99

France 100

Germany 107

Italy 113

Netherlands 119

Spain 124

Switzerland 130

United Kingdom 135

Other Western Europe 141


VI. ASIA/PACIFIC 147

General 147

Supply & Demand 149

Markets 152

Australia 153

China 158

India 166

Japan 172

South Korea 178

Taiwan 185

Other Asia/Pacific 191


VII. OTHER REGIONS 199

Central & South America 199

Brazil 203

Other Central & South America 208

Eastern Europe 213

Russia 217

Other Eastern Europe 223

Africa/Mideast 228


VIII. INDUSTRY STRUCTURE 235

General 235

Market Share 238

Acquisitions & Divestitures 243

Competitive Strategies 246

Product Differentiation 246

Market Segmentation 247

Cooperative Agreements 248

Research & Development 251

Manufacturing Methods 254

Marketing & Distribution 256

Company Profiles 258

Agilex Flavors & Fragrances Incorporated 259

Aromatech France 261

BASF SE 263

Bell Flavors & Fragrances Incorporated 265

Belmay Incorporated 267

Cargill Incorporated 268

Charabot, see Robertet

China Flavors & Fragrances Company Limited 270

ConAgra Foods Incorporated 271

CPL Aromas Limited 273

DERA Holding, see Kerry Group

Derives Resiniques et Terpeniques 275

ETOL dd 276

Firmenich SA 278

Frutarom, see ICC Industries

Gilroy Foods & Flavors, see ConAgra Foods

Givaudan SA 282

Hasegawa (T.) Company Limited 289

Huabao International Holdings Limited 291

ICC Industries Incorporated 293

International Flavors & Fragrances Incorporated 297

Kao Corporation 303

Kerry Group plc 305

LyondellBasell Industries NV 308

Mane (V.) Fils SA 310

Manheimer Fragrances, see Symrise

McCormick & Company Incorporated 312

Michael (David) & Company Incorporated 313

Nagaoka Perfumery Company Limited 315

Ogawa & Company Limited 316

Plantes Aromatiques du Diois, see Robertet

Polarome International Incorporated 317

Quest International, see Givaudan

Rhodia SA 318

Robertet SA 321

Sensient Technologies Corporation 324

Soda Aromatic Company Limited 328

Symrise AG 329

Takasago International Corporation 334

Todd (AM) Company 337

Treatt (RC) plc 338

Wanxiang International Limited 340

WILD Flavors GmbH 342

X-Café, see Kerry Group

ZEON Corporation 345

Additional Companies Mentioned in the Study 347


LIST OF TABLES


SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 11

2 World Population by Region 13

3 World per Capita Gross Domestic Product by Region 15

4 World Personal Consumption Expenditures 17

5 World Manufacturing Value Added by Region 19

6 World Food & Beverage Manufacturing Value Added

by Region 22

7 World Soft Drink Consumption by Region 26

8 World Toiletry & Cleaner Shipments by Region & Type 30


SECTION III -- OVERVIEW

1 World Flavor & Fragrance Demand by Product 32

2 World Flavor Blend Demand by Region 35

3 World Fragrance Blend Demand by Region 38

4 World Essential Oil & Natural Extract Demand by Region 42

5 World Aroma Chemical Demand by Region 45

6 World Flavor & Fragrance Demand by Market 47

7 World Food & Beverage Market for Flavors by Region 50

8 World Toiletry & Cleaner Market for Fragrances by Region 53

9 World Other Markets for Flavors & Fragrances by Region 56

10 World Flavor & Fragrance Demand by Region 59

11 World Flavor & Fragrance Production by Region 64

12 World Net Exports of Flavors & Fragrances by Region 67


SECTION IV -- NORTH AMERICA

1 North America -- Flavor & Fragrance Market Environment 70

2 North America -- Flavor & Fragrance Supply & Demand 72

3 North America -- Flavor & Fragrance Markets 73

4 United States -- Flavor & Fragrance Market Environment 76

5 United States -- Flavor & Fragrance Supply & Demand 78

6 United States -- Flavor & Fragrance Markets 80

7 Canada -- Flavor & Fragrance Market Environment 83

8 Canada -- Flavor & Fragrance Supply & Demand 84

9 Canada -- Flavor & Fragrance Markets 86

10 Mexico -- Flavor & Fragrance Market Environment 89

11 Mexico -- Flavor & Fragrance Supply & Demand 91

12 Mexico -- Flavor & Fragrance Markets 92


SECTION V -- WESTERN EUROPE

1 Western Europe -- Flavor & Fragrance Market Environment 96

2 Western Europe -- Flavor & Fragrance Supply & Demand 98

3 Western Europe -- Flavor & Fragrance Markets 100

4 France -- Flavor & Fragrance Market Environment 102

5 France -- Flavor & Fragrance Supply & Demand 104

6 France -- Flavor & Fragrance Markets 106

7 Germany -- Flavor & Fragrance Market Environment 109

8 Germany -- Flavor & Fragrance Supply & Demand 110

9 Germany -- Flavor & Fragrance Markets 112

10 Italy -- Flavor & Fragrance Market Environment 115

11 Italy -- Flavor & Fragrance Supply & Demand 117

12 Italy -- Flavor & Fragrance Markets 118

13 Netherlands -- Flavor & Fragrance Market Environment 121

14 Netherlands -- Flavor & Fragrance Supply & Demand 122

15 Netherlands -- Flavor & Fragrance Markets 123

16 Spain -- Flavor & Fragrance Market Environment 126

17 Spain -- Flavor & Fragrance Supply & Demand 128

18 Spain -- Flavor & Fragrance Markets 129

19 Switzerland -- Flavor & Fragrance Market Environment 132

20 Switzerland -- Flavor & Fragrance Supply & Demand 133

21 Switzerland -- Flavor & Fragrance Markets 134

22 United Kingdom -- Flavor & Fragrance Market Environment 137

23 United Kingdom -- Flavor & Fragrance Supply & Demand 139

24 United Kingdom -- Flavor & Fragrance Markets 140

25 Other Western Europe -- Flavor & Fragrance

Market Environment 143

26 Other Western Europe -- Flavor & Fragrance

Supply & Demand 144

27 Other Western Europe -- Flavor & Fragrance Markets 145


SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific -- Flavor & Fragrance Market Environment 149

2 Asia/Pacific -- Flavor & Fragrance Supply & Demand 151

3 Asia/Pacific -- Flavor & Fragrance Markets 153

4 Australia -- Flavor & Fragrance Market Environment 155

5 Australia -- Flavor & Fragrance Supply & Demand 156

6 Australia -- Flavor & Fragrance Markets 157

7 China -- Flavor & Fragrance Market Environment 161

8 China -- Flavor & Fragrance Supply & Demand 163

9 China -- Flavor & Fragrance Markets 165

10 India -- Flavor & Fragrance Market Environment 168

11 India -- Flavor & Fragrance Supply & Demand 170

12 India -- Flavor & Fragrance Markets 171

13 Japan -- Flavor & Fragrance Market Environment 174

14 Japan -- Flavor & Fragrance Supply & Demand 176

15 Japan -- Flavor & Fragrance Markets 177

16 South Korea -- Flavor & Fragrance Market Environment 181

17 South Korea -- Flavor & Fragrance Supply & Demand 183

18 South Korea -- Flavor & Fragrance Markets 184

19 Taiwan -- Flavor & Fragrance Market Environment 187

20 Taiwan -- Flavor & Fragrance Supply & Demand 189

21 Taiwan -- Flavor & Fragrance Markets 190

22 Other Asia/Pacific -- Flavor & Fragrance Market Environment 193

23 Other Asia/Pacific -- Flavor & Fragrance Supply & Demand 195

24 Other Asia/Pacific -- Flavor & Fragrance Markets 197


SECTION VII -- OTHER REGIONS

1 Central & South America -- Flavor & Fragrance Supply

& Demand 201

2 Central & South America -- Flavor & Fragrance Demand

by Type & Market 203

3 Brazil -- Flavor & Fragrance Supply & Demand 205

4 Brazil -- Flavor & Fragrance Demand by Type & Market 207

5 Other Central & South America -- Flavor & Fragrance Supply

& Demand 210

6 Other Central & South America -- Flavor & Fragrance Demand

by Type & Market 212

7 Eastern Europe -- Flavor & Fragrance Supply & Demand 215

8 Eastern Europe -- Flavor & Fragrance Demand by Type

& Market 217

9 Russia -- Flavor & Fragrance Supply & Demand 220

10 Russia -- Flavor & Fragrance Demand by Type & Market 222

11 Other Eastern Europe -- Flavor & Fragrance Supply & Demand 225

12 Other Eastern Europe -- Flavor & Fragrance Demand by Type

& Market 227

13 Africa/Mideast -- Flavor & Fragrance Supply & Demand 230

14 Africa/Mideast -- Flavor & Fragrance Demand by Type

& Market 233


SECTION VIII -- INDUSTRY STRUCTURE

1 World Flavor & Fragrance Sales by Company, 2009 236

2 Selected Acquisitions & Divestitures 244

3 Selected Cooperative Agreements 249

4 R&D Spending Patterns: Selected Flavor & Fragrance

Suppliers 254


LIST OF CHARTS


SECTION III -- OVERVIEW

1 World Flavor & Fragrance Demand by Product, 2009 33

2 World Flavor Blend Demand by Region, 2009 36

3 World Fragrance Blend Demand by Region, 2009 39

4 World Essential Oil & Natural Extract Demand

by Region, 2009 43

5 World Aroma Chemical Demand by Region, 2009 46

6 World Flavor & Fragrance Demand by Market, 2009 48

7 World Food & Beverage Market for Flavors by Region, 2009 51

8 World Toiletry & Cleaner Market for Fragrances

by Region, 2009 54

9 World Other Markets for Flavors & Fragrances

by Region, 2009 57

10 World Flavor & Fragrance Demand by Region, 2009 60

11 Flavor & Fragrance Demand per Capita/ Personal Consumption

Expenditures per Capita Relationship, 2009 62

12 World Flavor & Fragrance Production by Region, 2009 65


SECTION IV -- NORTH AMERICA


1 North America -- Flavor & Fragrance Demand

by Country, 2009 72


SECTION V -- WESTERN EUROPE

1 Western Europe -- Flavor & Fragrance Demand

by Country, 2009 98


SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific -- Flavor & Fragrance Demand by Country, 2009 151


SECTION VIII -- INDUSTRY STRUCTURE

1 World Flavor & Fragrance Market Share, 2009 239



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