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Europe Flavours and Fragrances Market by Ingredients (Natural, Synthetic), End-use (Beverage, Savory and Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region – Industry Analysis on Size, Share, Growth & Forecast to 2027

Published: January, 2022
ID: 10378
Pages: 145

Europe Flavours and Fragrances Market Size 2022-2027:

The Europe Flavours and Fragrances Market is likely to grow at a CAGR of over 4.5% in the outlook period between 2021 and 2026. The regional market size is foreseen to increase from USD 32 billion in 2027.

Flavors are added to food products to improve or change the existing tastes. Fragrance refers to compounds that are used to add a pleasant odor to food products, cosmetics, and other products like detergents.

Drivers and Restraints of Europe Flavours and Fragrances Market:

The heavy consumption of cosmetic products in the European region is a driving factor for the fragrance industry whereas growth in the food and beverage industry sparked a growth in the flavors industry. In the European region, there is a major shift towards adopting a plant-based diet, which has triggered a demand for plant-derived flavors and vegan food production.
The dairy alternate industry is also growing in the European region which often requires artificial flavors. This also increases the demand for the flavors industry.
The processed food industry in the European region is booming with high demand. This in turn comes with a high demand for exotic flavors. Natural flavors are also in high demand from health-conscious people who are spreading awareness about the harmful effects of artificial and synthetic food additives.    

The flavors and Fragrances market industry in Europe is mainly affected by the volatile price and presence of alternatives. In addition to this, an irregular supply of oils in the perfume industry can cause slack in the market growth rate. The trade issues between the USA and China are also likely to affect the European flavors and fragrances market.

EUROPE FLAVOURS AND FRAGRANCES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2026

Base Year

2021

Forecast Period

2022- 2027

CAGR

4.5%

Segments Covered

  • On the basis of Ingredients
  • On the basis of End-Use
  • On the basis of region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • Germany
  • Italy
  • France
  • United Kingdom

Market Leaders Profiled

  1. Firmenich SA

  2. Givaudan SA

  3. Balirom Ltd.

  4. Frutarom Industries Ltd.

  5. KATO FLAVORS & FRAGRANCES S.A.E

  6. Nicola-J Flavours and Fragrances

Europe Flavours and Fragrances market has been segmented into the following categories.

On the basis of Ingredients:

  1. Synthetic
  2. Natural

On the basis of End-Use:

  1. Savory and Snacks
  2. Beverage
  3. Bakery
  4. Dairy Products
  5. Confectionery
  6. Consumer Products
  7. Fine Fragrances

Natural Flavours accounted for the leading share in the European Fragrance and Flavours market. The growing penetration rate of exotic flavors in Europe countries is driving the market in this application. The natural fragrances industry is also growing as it can be extensively applied as perfumes, colognes, and deodorants. This is a cardinal factor driving the fine fragrance industry.

The Natural Fragrance market is segmented into various categories including Essential oils and Natural extracts. The essential oil market segment is expected to lead the market during the forecasted period in terms of overall value. Increased adoption of natural fragrances over synthetic counterparts has triggered the growth of this industry.

The food and beverage industry is a very big market in Europe with an amalgam of local and foreign players. The diversity of European cultures is helping the flavors industry in the region to burgeon.

Geographical overview and regional presence:

  • Germany
  • Italy
  • France
  • United Kingdom

Europe is one of the largest markets for flavors and fragrances, and it is also forecasted to register the fastest CAGR during the forecast period. Countries such as Germany, France, and Switzerland are expected to account for the largest share of the market in Europe by 2026. The increasing disposable income & consumption levels and the growing purchasing power of European consumers will help the industry to grow stronger in the country.

Key players in the Flavors and Fragrances market:

  1. Firmenich SA

  2. Givaudan SA

  3. Balirom Ltd.

  4. Frutarom Industries Ltd.

  5. KATO FLAVORS & FRAGRANCES S.A.E

  6. Nicola-J Flavours and Fragrances

Europe Flavors and Fragrances Market - Impact of a covid-19 pandemic:

The Covid-19 global pandemic has affected almost all the economies of the world. The flavors and fragrance industry witnessed a slump in demand during this period. As a result of that, production has fallen, and the industry witnessed a recession. Many production activities were put on hold during this period, as fragrances were not considered to be essential items and naturally were not given much importance during this time. The European region witnessed a hard hit by the coronavirus pandemic during the early stages of the outbreak. Many manufacturing industries have been shut for some time now, and the food and beverage industry also suffered severe consequences and witnessed low demand during this timeframe. The recovery has started in the region, but many experts believe that a second wave might be coming and can disrupt the market once again.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Ingredients                 

                                5.1.1 Introduction           

                                5.1.2 Natural     

                                5.1.3 Synthetic 

                                5.1.4  Y-o-Y Growth Analysis, By Ingredients       

                                5.1.5  Market Attractiveness Analysis, By Ingredients     

                                5.1.6  Market Share Analysis, By Ingredients       

                5.2 End-Use                       

                                5.2.1 Introduction           

                                5.2.2 Beverage 

                                5.2.3 Savoryand Snacks

                                5.2.4 Bakery      

                                5.2.5 Dairy Products       

                                5.2.6 Confectionery       

                                5.2.7 Consumer Products            

                                5.2.8 Fine Fragnance      

                                5.2.9 Y-o-Y Growth Analysis, By End-Use              

                                5.2.10 Market Attractiveness Analysis, By End-Use          

                                5.2.11 Market Share Analysis, By End-Use           

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Ingredients

                                                6.1.3.3 By End-Use

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Ingredients

                                                6.1.4.3 By End-Use

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Ingredients

                                                6.1.5.3 By End-Use

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Symrise                        

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Takasago                     

                8.3 MANE                           

                8.4 Robertat Group                        

                8.5 Firmenich SA                              

                8.6 Givaudan SA                              

                8.7 BASF SE                        

                8.8 Royal DSM NV                           

                8.9 Bedoukian Research                               

                8.10 Aromtech SAS                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures

  1. Europe Flavors and Fragrances Market By Ingredients, From 2022 - 2027 ( USD Billion )
  2. Europe Natural Market By Region, From 2022 - 2027 ( USD Billion )
  3. Europe Synthetic Market By Region, From 2022 - 2027 ( USD Billion )
  4. Europe Flavors and Fragrances Market By End Use, From 2022 - 2027 ( USD Billion )
  5. Europe Beverage Market By Region, From 2022 - 2027 ( USD Billion )
  6. Europe Savory and Snacks Market By Region, From 2022 - 2027 ( USD Billion )
  7. Europe Bakery Market By Region, From 2022 - 2027 ( USD Billion )
  8. Europe Dairy Products Market By Region, From 2022 - 2027 ( USD Billion )
  9. Europe Confectionery Market By Region, From 2022 - 2027 ( USD Billion )
  10. Europe Consumer Products Market By Region, From 2022 - 2027 ( USD Billion )
  11. Europe Fine Fragrances Market By Region, From 2022 - 2027 ( USD Billion )

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