Gurgaon Samachar

Givaudan (Switzerland) is one of the Leading Player Flavors & Fragrances Market

 Breaking News
  • No posts were found

Givaudan (Switzerland) is one of the Leading Player Flavors & Fragrances Market

June 06
22:46 2022
Givaudan (Switzerland) is one of the Leading Player Flavors & Fragrances Market
Browse 237 market data Tables and 56 Figures spread through 258 Pages and in-depth TOC on “Flavors & Fragrances Market”
Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe)

The market size of flavors & fragrances is estimated to be USD 29.0 billion in 2021 and is projected to reach USD 37.3 billion by 2026, at a CAGR of 5.1% between 2021 and 2026. The growth of the flavors & fragrances market is primarily supported by the growing population in emerging economies such as China, India, Indonesia, South Korea, Brazil, and South Africa. The demand for flavors and fragrances is also due to the increase in awareness among the population about the benefits of the ingredients used in food products and consumer products in countries such as the US, Japan, France, Canada, Germany, and the UK. The demand for flavors and fragrances is also attributed to changing consumer preferences toward convenience food and increasing demand for consumer products. Stringent government regulations on the use of synthetic flavors and fragrances in Japan, China, the US, and European countries are restricting the growth of the flavors & fragrances market.

The key market players profiled in the report include Givaudan (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (IFF) (US), Symrise AG (Germany), Takasago (Japan), The Archer Daniels Midland Company (ADM) (US), Sensient Technologies (US), Mane SA (France), Robertet (France), T. Hasegawa (Japan), and Bell Flavors & Fragrances (US).

To know about the assumptions considered for the study download the pdf brochure

Players in the flavors & fragrances market are mainly concentrating on new product launches, and acquisitions to meet the growing demand for flavors & fragrances for various end-use industry. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the flavors & fragrances market has been influenced by new product launches that were undertaken between 2018 and 2021. Different companies are deploying different strategies to strengthen their position in the flavors & fragrances market. Givaudan is mostly focused on North America and European market; International Flavors & Fragrances Inc. & Symrise AG are majorly focused on Europe and Middle East & Africa market. In general, these four companies are all strong in their home region and exploring geographic diversification alternatives to grow their businesses. All the four companies are focused on increasing their market shares through partnerships and enhancing their product portfolio over the past few years.

Givaudan is one of the leading players in the flavors & fragrances market. The company offers a range of flavors & fragrances for the food & beverage and consumer products industries. The company has continued investment in high growth market especially China and India. They have also invested in local and regional customer segment, both organically and via acquisition and have brought the overall share to 50% of the group’s sale. Company made joint ventures, acquisitions and research partnerships to be the global industry leader creating game changing innovation in food and beverage and inspiring creations in the world of scent and beauty. For instance, company acquired Privi Speciality Chemicals Limited (India), Myrissi (France), Alderys (France), and Drom (Germany) to strengthen its hold in the European and APAC flavors & fragrances market.

On the other hand, International Flavors & Fragrances (IFF)  has a strong geographical footprint and is focusing on organic strategies to strengthen its position in the market. The company has a strong research & development (R&D) team, which is continuously focusing on developing new and improved flavors & fragrances for end-use manufacturers. The company has over 3000 scientists, engineers, technologists and application professionals driving their growth. They also have more than 130 research, technology and innovation centers all across the globe and over 20 regional creative and application centers. They have over 20 strategic university partnership and more than 12,000 patent granted and filed to date. Company has been acquiring and merging with other companies in the field of flavors & fragrances to increase its production capacity and strengthen its hold over the flavors & fragrances market.

Request for Sample Report:

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States