(MENAFN- GlobeNewsWire - Nasdaq) The global flavors and fragrances market is set to grow from USD 34.777 billion in 2025 to USD 44.087 billion by 2030, driven by rising demand for convenience foods and innovative sensory experiences. With key growth in North America and Asia Pacific, challenges include rising raw material costs. The study offers strategic insights for industry experts, highlighting market segmentation, geographical trends, and competitive developments, with a focus on sustainability and innovation, particularly from leaders like BASF. This comprehensive analysis is crucial for capitalizing on emerging opportunities in the dynamic market landscape.Dublin, Sept. 01, 2025 (GLOBE NEWSWIRE) -- The "Flavors And Fragrances Market - Forecasts from 2025 to 2030" report has been added to ResearchAndMarkets.com's offering.
The flavor and fragrances market is expected to grow from USD 34.777 billion in 2025 to USD 44.087 billion in 2030, at a CAGR of 4.86%.
The market is experiencing significant growth driven by rising demand for convenience foods, urbanization, and increasing consumer preference for natural and innovative sensory experiences, though it faces challenges from rising raw material costs due to supply chain disruptions.
The Flavors and Fragrances Market Study identifies the growing preference for convenience foods as a primary driver, fueled by hectic lifestyles and an increasing working population, particularly among women. Flavors and fragrances enhance taste and shelf life in products like snacks, dairy, and bakery items, meeting the demand for quick-preparation foods. Urbanization further propels market growth by expanding the food and beverage industry, with fast-casual chains like Chipotle leveraging bold flavors such as cilantro, lime, and smoky spices to cater to urban consumers' preferences for distinctive taste profiles. Additionally, the rising demand for ready-to-drink beverages, such as soft drinks and energy drinks, boosts the need for flavors and fragrances to enhance sensory appeal, with major players like Coca-Cola integrating these elements across their product lines.
Market segmentation highlights applications in food and beverages, pharmaceuticals, cosmetics, personal care, household care, and others. The food and beverage segment dominates due to increased use of flavor enhancers in dairy, snacks, and bakery products, driven by changing consumer lifestyles and demand for packaged goods. The Flavors and Fragrances Market Study notes significant growth in beverage processing, where flavors enhance the stimulating effects of soft and energy drinks, aligning with consumer trends toward convenience and sensory experiences.
Geographically, North America leads, driven by demand for organic and clean-label products, particularly in the USA, where consumers seek exotic and fusion flavors to cater to diverse, multicultural urban communities. Europe holds a significant share, propelled by demand for natural and sustainable ingredients and rising disposable incomes. The Asia Pacific region, including China and India, is expected to grow rapidly due to population growth, urbanization, and increasing demand for convenience foods and personal care products.
In the competitive landscape, the Flavors and Fragrances Market Study highlights key developments. In 2023, BASF Aroma Ingredients launched Virtual Aroma Assistants, a digital platform streamlining access to eco-friendly aroma solutions, enhancing customer engagement in cosmetics and personal care. The competitive environment also reflects strategic advancements, such as partnerships and innovations, supporting market growth.
In conclusion, the Flavors and Fragrances Market Study is an essential resource for industry experts, providing strategic insights into a market driven by convenience, urbanization, and innovation. With North America and Asia Pacific leading growth and companies like BASF advancing sustainable solutions, the study offers a roadmap for capitalizing on opportunities in this dynamic market, despite challenges from raw material cost increases.
Key Benefits of this Report:
Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments. Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy. Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments. Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment. Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
Report Coverage:
Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries
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