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Global Flavor & Fragrance Market Report - 2013 Edition

Published By :

Koncept Analytics

Published Date : Jan 2014

Category :

Personal Care

No. of Pages : 51

The global flavor and fragrance (F&F) market witnessed growth in 2012 despite the recent economic turmoil worldwide. The F&F market is primarily driven by demand from companies engaged in manufacturing food and beverages, perfumes, cosmetics, as well as household products. Moreover, increased penetration of packaged food products coupled with willingness of consumers to try new flavors and fragrances has further boosted the growth of this industry.

F&F companies are targeting their activities towards highly populated and rapidly expanding regions of the world like Asia Pacific, Latin America, Middle East and Africa. North America constituted the largest market for flavors and fragrances followed by Asia-Pacific, Western Europe and South America. It is projected that Asia-Pacific will gradually overtake North America due to the much faster growth anticipated for this region. Price volatility of raw materials continued in 2012 and posed a severe challenge for F&F manufacturers.

Flavors and fragrance industry is highly fragmented though there were M&A activities in 2012 by leading players to expand into new geographies. Givaundan is the market leader in global F&F industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom.

The report provides an in-depth analysis of the global flavor and fragrances market. The various drivers and the challenges faced by the market are discussed in detail. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Table of Content

1. Industry Structure: Value Chain Analysis

2. Global Flavor and Fragrance Market Size

3. Geographical Segmentation

4. Market Segments
4.1 Global Flavors Market
4.1.1 Market Size
4.1.2 Market Characteristics
4.1.3 End Markets
4.2 Global Fragrance Market
4.2.1 Market Size
4.2.2 Market Characteristics
4.2.3 End Use Applications
4.3 Global Fine Ingredients Market
4.3.1 Market Size
4.3.2 Market Characteristics

5. Market Dynamics
5.1 Recent Trends and Development
5.1.1 Demand for Natural Flavors Increasing
5.1.2 Innovation in Flavored Beverages
5.1.3 Demand from Emerging Markets
5.1.4 M&A Activities  
5.2 Growth Drivers
5.2.1 Rising Global Population
5.2.2 Emerging Middle Class
5.2.3 Rising Preference of Packaged Food & Beverage
5.2.4 Demand in Cosmetics Market
5.3 Key Issues
5.3.1 Fluctuating Raw Material Prices
5.3.2 Regulatory Changes
5.3.3 High Research and Developmental Costs

6. Competitive Landscape

7. Company Profiles
  • Competitive Overview
  • Market Share
7.1 Givaudan SA
7.1.1 Business Description
7.1.2 Financial Overview
7.1.3 Business Strategies
  • New Ingredients Development
  • Focus on Innovation 
7.2 International Flavors & Fragrances Inc. (IFF)
7.2.1 Business Description
7.2.2 Financial Overview
7.2.3 Business Strategies
  • Expand Geographic Reach
  • Maximize Product Portfolio
7.3 Symrise AG
7.3.1 Business Description
7.3.2 Financial Overview
7.3.3 Business Strategies
  • Balanced Customer Portfolio 
  • Expansion in Emerging Markets
7.4 Firmenich
7.4.1 Business Description
7.4.2 Financial Overview
7.4.3 Business Strategies
  • Geographical Expansion
  • Product Innovation
8. Market Outlook
8.1 Market Forecast
8.2 Forecast Methodology
8.2.1 Dependent and Independent Variables
8.2.2 Correlation Analysis
8.2.3 Regression Analysis

List of Table

New Manufacturing Facilities Opened by F&F Companies (2013) 
Recent M&A Deals in the Food Ingredients Sector
Dependent & Independent Variables (2006-2012) 
Correlation Matrix
Model Summary – Coefficient of Determination
Regression Coefficients Output

List of Chart

Flavor and Fragrance Industry – Supply Chain
Global Flavor and Fragrance Market Revenues (2002-2012) 
Global Flavor and Fragrance Consumption by Region (2012)
Forecast - Global Flavor and Fragrance Consumption by Region (2017F) 
Global Flavor and Fragrance Market by Segments (2012) 
Global Flavor Market Revenues (2009-2012)
Share of End Use Applications of Flavors (2012)
Global Fragrance Market Revenues (2009-2012)
Share of End Use Applications of Fragrances (2012)
Global Fine Ingredients Market Revenues (2009-2012)
Growth in Market Value of Natural Ingredients in Food and Drink (2007 to 2012) 
Breakup of Global Natural Ingredients Market by Categories (2012)
Packaged Food Value Sales by Region (2011)
Real GDP Growth in Developing Countries (2009 versus 2015F) 
Global Population Growth (1960-2050E)
Global Middle Class Population (2009-2013F)
Global Packaged Food Retail Volume (2006-2012E)
Global Cosmetics Market (2006-2012) 
Competitive Landscape of Flavors and Fragrance Industry (2012) 
Latin America- Fragrance Market Shares (2012)
Latin America-Flavors Market Shares (2012) 
Givaudan’s Revenue Share by Business Segments (2012) 
Givaudan’s Revenue Share by Geography (2012)
Givaudan’s Revenues by Business Segments (2006-2012) 
IFF-Revenues Share by Business Segments (2012)
IFF - Revenue Share by Geography (2012) 
IFF’s Total Net Sales (2008-2012) 
Symrise- Revenue Breakup by Business Segments (2012) 
Symrise- Revenue Breakup by Regions (2012)
Symrise AG Net Sales (2007-2012)
Firmenich Net Revenues (2009-2013)
Global Flavors and Fragrance Market Forecast (2012-2016F) 

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