Summary

The global market for Fragrance and Flavor was estimated to be worth US$ 32185 million in 2024 and is forecast to a readjusted size of US$ 47939 million by 2031 with a CAGR of 5.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Fragrance and Flavor cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Flavors and fragrances refer to substances that are added to products to provide them with specific tastes or scents, enhancing the overall sensory experience. These substances are widely used in various industries, including food and beverages, cosmetics, personal care products, cleaning products, and more.
Both flavors and fragrances can be derived from natural sources (such as essential oils and extracts) or synthesized through chemical processes to mimic natural aromas and tastes. The development of flavors and fragrances involves a combination of chemistry, biology, and sensory science to create compounds that are safe for consumption or use on the skin while delivering the desired sensory effects.
Currently, the major global manufacturers of flavors and fragrances include Givaudan, DSM-Firmenich, International Flavors & Fragrances (IFF), Symrise, Takasago, ADM WILD Flavors, Mane, Sensient, Robertet, and T. Hasegawa. In the Chinese market, key edible flavor manufacturers include Huabao International, China Boton Group, Zhejiang NHU, and Apple Flavor and Fragrance.
Overall, the global flavors and fragrances market is characterized by a high level of industry concentration and a trend of production shifting toward developing countries. In particular, the four companies — Givaudan, DSM-Firmenich, IFF, and Symrise — have collectively maintained a combined market share of over 50% in recent years. This high degree of concentration in the global market is unlikely to change in the short term.
This report aims to provide a comprehensive presentation of the global market for Fragrance and Flavor, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Fragrance and Flavor by region & country, by Type, and by Application.
The Fragrance and Flavor market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fragrance and Flavor.
Market Segmentation
By Company
IFF
Givaudan
Symrise
DSM-Firmenich
Takasago
MANE
Sensient Technologies
Robertet
T. Hasegawa
Kerry
ADM
Synergy Flavors
Treatt
Bell Flavors & Fragrances
OGAWA
Huabao
China Boton Group
Apple Flavor and Fragrance
Zhejiang NHU
Asia Aroma
Wanxiang Technology
Segment by Type
Flavors
Fragrances
Segment by Application
Food and Beverages
Cosmetics & Personal Care
Perfume
Tobacco
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Fragrance and Flavor manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Fragrance and Flavor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Fragrance and Flavor in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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Table of Contents

1 Market Overview
1.1 Fragrance and Flavor Product Introduction
1.2 Global Fragrance and Flavor Market Size Forecast
1.2.1 Global Fragrance and Flavor Sales Value (2020-2031)
1.2.2 Global Fragrance and Flavor Sales Volume (2020-2031)
1.2.3 Global Fragrance and Flavor Sales Price (2020-2031)
1.3 Fragrance and Flavor Market Trends & Drivers
1.3.1 Fragrance and Flavor Industry Trends
1.3.2 Fragrance and Flavor Market Drivers & Opportunity
1.3.3 Fragrance and Flavor Market Challenges
1.3.4 Fragrance and Flavor Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Fragrance and Flavor Players Revenue Ranking (2024)
2.2 Global Fragrance and Flavor Revenue by Company (2020-2025)
2.3 Global Fragrance and Flavor Players Sales Volume Ranking (2024)
2.4 Global Fragrance and Flavor Sales Volume by Company Players (2020-2025)
2.5 Global Fragrance and Flavor Average Price by Company (2020-2025)
2.6 Key Manufacturers Fragrance and Flavor Manufacturing Base and Headquarters
2.7 Key Manufacturers Fragrance and Flavor Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Fragrance and Flavor
2.9 Fragrance and Flavor Market Competitive Analysis
2.9.1 Fragrance and Flavor Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Fragrance and Flavor Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Fragrance and Flavor as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Flavors
3.1.2 Fragrances
3.2 Global Fragrance and Flavor Sales Value by Type
3.2.1 Global Fragrance and Flavor Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Fragrance and Flavor Sales Value, by Type (2020-2031)
3.2.3 Global Fragrance and Flavor Sales Value, by Type (%) (2020-2031)
3.3 Global Fragrance and Flavor Sales Volume by Type
3.3.1 Global Fragrance and Flavor Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Fragrance and Flavor Sales Volume, by Type (2020-2031)
3.3.3 Global Fragrance and Flavor Sales Volume, by Type (%) (2020-2031)
3.4 Global Fragrance and Flavor Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Food and Beverages
4.1.2 Cosmetics & Personal Care
4.1.3 Perfume
4.1.4 Tobacco
4.1.5 Others
4.2 Global Fragrance and Flavor Sales Value by Application
4.2.1 Global Fragrance and Flavor Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Fragrance and Flavor Sales Value, by Application (2020-2031)
4.2.3 Global Fragrance and Flavor Sales Value, by Application (%) (2020-2031)
4.3 Global Fragrance and Flavor Sales Volume by Application
4.3.1 Global Fragrance and Flavor Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Fragrance and Flavor Sales Volume, by Application (2020-2031)
4.3.3 Global Fragrance and Flavor Sales Volume, by Application (%) (2020-2031)
4.4 Global Fragrance and Flavor Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Fragrance and Flavor Sales Value by Region
5.1.1 Global Fragrance and Flavor Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Fragrance and Flavor Sales Value by Region (2020-2025)
5.1.3 Global Fragrance and Flavor Sales Value by Region (2026-2031)
5.1.4 Global Fragrance and Flavor Sales Value by Region (%), (2020-2031)
5.2 Global Fragrance and Flavor Sales Volume by Region
5.2.1 Global Fragrance and Flavor Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Fragrance and Flavor Sales Volume by Region (2020-2025)
5.2.3 Global Fragrance and Flavor Sales Volume by Region (2026-2031)
5.2.4 Global Fragrance and Flavor Sales Volume by Region (%), (2020-2031)
5.3 Global Fragrance and Flavor Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Fragrance and Flavor Sales Value, 2020-2031
5.4.2 North America Fragrance and Flavor Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Fragrance and Flavor Sales Value, 2020-2031
5.5.2 Europe Fragrance and Flavor Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Fragrance and Flavor Sales Value, 2020-2031
5.6.2 Asia Pacific Fragrance and Flavor Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Fragrance and Flavor Sales Value, 2020-2031
5.7.2 South America Fragrance and Flavor Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Fragrance and Flavor Sales Value, 2020-2031
5.8.2 Middle East & Africa Fragrance and Flavor Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Fragrance and Flavor Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Fragrance and Flavor Sales Value and Sales Volume
6.2.1 Key Countries/Regions Fragrance and Flavor Sales Value, 2020-2031
6.2.2 Key Countries/Regions Fragrance and Flavor Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Fragrance and Flavor Sales Value, 2020-2031
6.3.2 United States Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Fragrance and Flavor Sales Value, 2020-2031
6.4.2 Europe Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Fragrance and Flavor Sales Value, 2020-2031
6.5.2 China Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.5.3 China Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Fragrance and Flavor Sales Value, 2020-2031
6.6.2 Japan Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Fragrance and Flavor Sales Value, 2020-2031
6.7.2 South Korea Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Fragrance and Flavor Sales Value, 2020-2031
6.8.2 Southeast Asia Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Fragrance and Flavor Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Fragrance and Flavor Sales Value, 2020-2031
6.9.2 India Fragrance and Flavor Sales Value by Type (%), 2024 VS 2031
6.9.3 India Fragrance and Flavor Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 IFF
7.1.1 IFF Company Information
7.1.2 IFF Introduction and Business Overview
7.1.3 IFF Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 IFF Fragrance and Flavor Product Offerings
7.1.5 IFF Recent Development
7.2 Givaudan
7.2.1 Givaudan Company Information
7.2.2 Givaudan Introduction and Business Overview
7.2.3 Givaudan Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Givaudan Fragrance and Flavor Product Offerings
7.2.5 Givaudan Recent Development
7.3 Symrise
7.3.1 Symrise Company Information
7.3.2 Symrise Introduction and Business Overview
7.3.3 Symrise Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Symrise Fragrance and Flavor Product Offerings
7.3.5 Symrise Recent Development
7.4 DSM-Firmenich
7.4.1 DSM-Firmenich Company Information
7.4.2 DSM-Firmenich Introduction and Business Overview
7.4.3 DSM-Firmenich Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 DSM-Firmenich Fragrance and Flavor Product Offerings
7.4.5 DSM-Firmenich Recent Development
7.5 Takasago
7.5.1 Takasago Company Information
7.5.2 Takasago Introduction and Business Overview
7.5.3 Takasago Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Takasago Fragrance and Flavor Product Offerings
7.5.5 Takasago Recent Development
7.6 MANE
7.6.1 MANE Company Information
7.6.2 MANE Introduction and Business Overview
7.6.3 MANE Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 MANE Fragrance and Flavor Product Offerings
7.6.5 MANE Recent Development
7.7 Sensient Technologies
7.7.1 Sensient Technologies Company Information
7.7.2 Sensient Technologies Introduction and Business Overview
7.7.3 Sensient Technologies Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Sensient Technologies Fragrance and Flavor Product Offerings
7.7.5 Sensient Technologies Recent Development
7.8 Robertet
7.8.1 Robertet Company Information
7.8.2 Robertet Introduction and Business Overview
7.8.3 Robertet Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Robertet Fragrance and Flavor Product Offerings
7.8.5 Robertet Recent Development
7.9 T. Hasegawa
7.9.1 T. Hasegawa Company Information
7.9.2 T. Hasegawa Introduction and Business Overview
7.9.3 T. Hasegawa Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 T. Hasegawa Fragrance and Flavor Product Offerings
7.9.5 T. Hasegawa Recent Development
7.10 Kerry
7.10.1 Kerry Company Information
7.10.2 Kerry Introduction and Business Overview
7.10.3 Kerry Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Kerry Fragrance and Flavor Product Offerings
7.10.5 Kerry Recent Development
7.11 ADM
7.11.1 ADM Company Information
7.11.2 ADM Introduction and Business Overview
7.11.3 ADM Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 ADM Fragrance and Flavor Product Offerings
7.11.5 ADM Recent Development
7.12 Synergy Flavors
7.12.1 Synergy Flavors Company Information
7.12.2 Synergy Flavors Introduction and Business Overview
7.12.3 Synergy Flavors Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Synergy Flavors Fragrance and Flavor Product Offerings
7.12.5 Synergy Flavors Recent Development
7.13 Treatt
7.13.1 Treatt Company Information
7.13.2 Treatt Introduction and Business Overview
7.13.3 Treatt Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Treatt Fragrance and Flavor Product Offerings
7.13.5 Treatt Recent Development
7.14 Bell Flavors & Fragrances
7.14.1 Bell Flavors & Fragrances Company Information
7.14.2 Bell Flavors & Fragrances Introduction and Business Overview
7.14.3 Bell Flavors & Fragrances Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Bell Flavors & Fragrances Fragrance and Flavor Product Offerings
7.14.5 Bell Flavors & Fragrances Recent Development
7.15 OGAWA
7.15.1 OGAWA Company Information
7.15.2 OGAWA Introduction and Business Overview
7.15.3 OGAWA Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 OGAWA Fragrance and Flavor Product Offerings
7.15.5 OGAWA Recent Development
7.16 Huabao
7.16.1 Huabao Company Information
7.16.2 Huabao Introduction and Business Overview
7.16.3 Huabao Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Huabao Fragrance and Flavor Product Offerings
7.16.5 Huabao Recent Development
7.17 China Boton Group
7.17.1 China Boton Group Company Information
7.17.2 China Boton Group Introduction and Business Overview
7.17.3 China Boton Group Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 China Boton Group Fragrance and Flavor Product Offerings
7.17.5 China Boton Group Recent Development
7.18 Apple Flavor and Fragrance
7.18.1 Apple Flavor and Fragrance Company Information
7.18.2 Apple Flavor and Fragrance Introduction and Business Overview
7.18.3 Apple Flavor and Fragrance Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Apple Flavor and Fragrance Fragrance and Flavor Product Offerings
7.18.5 Apple Flavor and Fragrance Recent Development
7.19 Zhejiang NHU
7.19.1 Zhejiang NHU Company Information
7.19.2 Zhejiang NHU Introduction and Business Overview
7.19.3 Zhejiang NHU Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Zhejiang NHU Fragrance and Flavor Product Offerings
7.19.5 Zhejiang NHU Recent Development
7.20 Asia Aroma
7.20.1 Asia Aroma Company Information
7.20.2 Asia Aroma Introduction and Business Overview
7.20.3 Asia Aroma Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Asia Aroma Fragrance and Flavor Product Offerings
7.20.5 Asia Aroma Recent Development
7.21 Wanxiang Technology
7.21.1 Wanxiang Technology Company Information
7.21.2 Wanxiang Technology Introduction and Business Overview
7.21.3 Wanxiang Technology Fragrance and Flavor Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Wanxiang Technology Fragrance and Flavor Product Offerings
7.21.5 Wanxiang Technology Recent Development
8 Industry Chain Analysis
8.1 Fragrance and Flavor Industrial Chain
8.2 Fragrance and Flavor Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Fragrance and Flavor Sales Model
8.5.2 Sales Channel
8.5.3 Fragrance and Flavor Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer