Global Flavor & Fragrance Market Report: 2013 Edition - New Reports by Koncept Analytics

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Global Flavor and Fragrance Market Report -------------------------------2013


View Report Details Executive Summary 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.


Global Flavor & Fragrance market is being driven by changing social habits and increased penetration of packaged food products……. Global Flavors and Fragrance Market Size (2002-2012)

 The global flavor and fragrance (F&F) market witnessed a positive growth in 2012 despite the recent economic turmoil worldwide.  The revenues for flavor and fragrance industry reached US$..... billion in 2012 from US$..... billion in 2011 primarily driven by increased demand from companies engaged in manufacturing food and beverages, perfume, cosmetics, food industries as well as household products.  North America constituted the largest market for flavors and fragrances with a market share of ……%.  Asia-Pacific accounted for …..% of market share in 2012 with demand coming from developing markets like India, China, Singapore and Indonesia. Western Europe has a market share of ……% followed by South America, Middle East & Africa and Eastern Europe.

Segmentation of Global Flavor and Fragrance Market (2012)

Flavors

Fragrances

Fine Ingredients

Global Flavor & Fragrance Market Split by Geography (2012)

North America

Asia Pacific

Western Europe

South America

Middle East & Africa

Eastern Europe


F&F companies are targeting their activities towards highly populated and rapidly expanding regions……………. Global Flavor Market Size (2009-2012)

 The global fragrance market revenues reached US$...... billion in 2012, an increase of ……% from previous year.  The revenues from flavors segment increased from US$..... billion in 2011 to US$..... billion in 2012 on account of renewed momentum in beverages, continued vitality in sweet goods and sales gains in savory foods.  Demand for flavor products in developed countries is expected to grow moderately, with more rapid growth expected in emerging markets such as Asia Central and South America, Central and Eastern Europe and Africa.  Givaundan is the market leader with…….% share in global flavors and fragrance industry followed by Firmenich, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Sensient Flavors and Frutarom.

Global Fragrance Market Size (2009-2012)

Competitive Landscape of Flavor and Fragrance Industry (2012)

Givaudan Symrise Sensient Flavours Robertet

Firmenich Takasago T. Hasewaga Others

IFF Mane SA Frutarom


The growing consciousness towards health and wellness issues has further accelerated the demand of F&F…… Market Forecast of Global F&F Industry (2012-2016F)

The global flavor and fragrance market is forecasted to grow at a CAGR of ……% over the period 2012-2016 and will reach US$....... billion by 2016.

The factors driving the growth of the flavor and fragrance market include the improving economic conditions and rising disposable income in emerging markets like India, China, Brazil which have in turn led to an increased use of consumer products utilizing flavors and fragrances.

The key factors to support the growth of industry include growth of end user markets of flavors and fragrances such as food and beverage market, cosmetics market, and pharmaceutical industry, among others.


View Report Details Table of Contents

List of Charts

1. Industry Structure: Value Chain Analysis

Flavor and Fragrance Industry – Supply Chain

2. Global Flavor and Fragrance Market Size

Global Flavor and Fragrance Market Revenues (2002-2012)

3. Geographical Segmentation

Global Flavor and Fragrance Consumption by Region (2012)

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

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)

4.3 Global Fine Ingredients Market

Packaged Food Value Sales by Region (2011)

4.3.1 Market Size 4.3.2 Market Characteristics

Real GDP Growth in Developing Countries (2009 versus 2015F)

5. Market Dynamics

Global Middle Class Population (2009-2013F)

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

Global Population Growth (1960-2050E)

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)


View Report Details Table of Contents

List of Charts

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

Givaudan’s Revenue Share by Business Segments (2012)

5.3 Key Issues

IFF - Revenue Share by Geography (2012)

5.3.1 Fluctuating Raw Material Prices 5.3.2 Regulatory Changes 5.3.3 High Research and Developmental Costs

IFF’s Total Net Sales (2008-2012)

6. Competitive Landscape

Symrise AG Net Sales (2007-2012)

-Competitive Overview -Market Share

Firmenich Net Revenues (2009-2013)

7. Company Profiles 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

Givaudan’s Revenue Share by Geography (2012) Givaudan’s Revenues by Business Segments (2006-2012) IFF-Revenues Share by Business Segments (2012)

Symrise- Revenue Breakup by Business Segments (2012) Symrise- Revenue Breakup by Regions (2012)

Global Flavors and Fragrance Market Forecast (2012-2016F)


View Report Details Table of Contents 7.3 Symrise AG

List of Tables New Manufacturing Facilities Opened by F&F Companies (2013) Recent M&A Deals in the Food Ingredients Sector

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

Dependent & Independent Variables (2006-2012) Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output


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