Flavors and Fragrances Market Size, Forecast 2034

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Nice — here’s a focused, source-backed market reference for the Flavors & Fragrances market with company references + values and the sections you requested. I pulled the latest company results, market-size estimates, and recent industry developments so you can use these anchors for benchmarking or a slide-deck.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Flavors and Fragrances market.

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Flavors and Fragrances market.

Read complete report at: https://www.thebrainyinsights.com/report/flavors-and-fragrances-market-13353


Snapshot — headline numbers

  • Global market size (recent estimates, 2024–2025): most market reports cluster in the USD ~32–37 billion range for 2024–2025 with mid-single-digit CAGRs. (Example: TBRC ~USD 34.9B in 2024 → USD 36.3B in 2025; Grand View Research ~USD 32.27B in 2024).


Major companies — reference list with recent reported values (company-level / segment figures; where companies report segment splits I note those)

These are the most-cited global players with their latest reported full-year or segment figures (2023–2024 / FY as reported). Many firms report group revenue (not flavours-only), so use these as anchors and combine with industry shares if you need flavour-only numbers.

  • Givaudan — CHF 7,412 million (Group sales, 2024 full-year); Fragrance & Beauty and Taste & Wellbeing are significant business units (Fragrance & Beauty sales highlighted at CHF 3,660m in 2024).

  • DSM-Firmenich (combined entity) — reported integrated results and annual report show ~€12.3 billion (net sales in 2023) with full-year 2024 reporting and synergies disclosed in FY-2024 releases. (DSM-Firmenich is the consolidated Firmenich + DSM nutrition/perfumery group).

  • International Flavors & Fragrances (IFF) — ~USD 11.48 billion (reported revenue for 2024, company/segment reporting available in IR releases); IFF has been reshaping its portfolio (eg. divestments) to focus on core flavors & fragrances growth areas.

  • Symrise — group sales ≈ EUR 5.0 billion (2024, record level; Scent & Care segment ~EUR 1.908 billion in 2024) — strong organic growth in scent & care. 

  • Mane Group — ~EUR 1.7–1.9 billion (2024 consolidated sales reported ~€1.77B/€1.945B depending on reporting items) — leading mid-tier global flavors & fragrances player.

  • Robertet — Sales ~€807.6 million (2024) — a niche/heritage player focused on naturals and aroma ingredients.

  • Takasago — consolidated net sales reported in corporate filings (FY to Mar 2024: ~¥164.3B shown in corporate report / consolidated statements) — major Japanese flavor & fragrance/ingredient group. 

(Other notable players: Firmenich legacy brands, Mane, Robertet, Treatt, Kerry (flavor lines), smaller regional specialists and numerous private/niche naturals/biotech startups.) 


Recent developments

  • Post-pandemic normalization & destocking easing — several large players reported improving volumes in 2024 as inventory adjustments relaxed. 

  • Consolidation & portfolio reshapes — large M&A / integration activity (e.g., DSM + Firmenich integration steps; IFF portfolio divestments) to focus R&D / biotech and streamline product mixes.

  • Biotech and naturals drive R&D — heavy investment in biotech routes for sustainable aromatic ingredients and greater traceability. 


Drivers

  • Food & beverage industry growth (new product formats, RTD beverages, snacks) sustaining flavor demand. 

  • Personal care / premiumization — fragrances and functional fragrance additives for beauty/personal care. 

  • Sustainability & traceability demand (natural extracts, biotech substitutes) prompting higher-value product development. 


Restraints

  • Raw-material volatility & supply constraints (natural extracts, botanical sourcing affected by climate and geopolitics).

  • Price pressure & customer consolidation — large CPG customers push costs down; margin pressure for mid-tier suppliers. 


Regional segmentation analysis (high-level)

  • Europe & North America: large share of fragrance (fine & consumer fragrance) and high-value naturals; production & R&D hubs in Switzerland/France/US.

  • Asia-Pacific: fastest volume growth, major production/export hubs (China, India, SE Asia), strong demand from F&B and personal care.

  • Rest of world / LatAm & MEA: niche growth and sourcing regions, with increasing local manufacturing.


Emerging trends

  • Biotech-derived aroma ingredients (precision fermentation / lab-grown substitutes).

  • Clean-label & natural flavors in foods; “traceable” premium fragrances for beauty. 

  • Digital formulation & AI-assisted scent/flavor design to speed R&D & tailor regional taste profiles. 


Top use-cases

  1. Packaged foods & beverages — primary end market for flavors. 

  2. Personal care & fine fragrances — perfumes, deodorants, skincare fragrancing. 

  3. Homecare & detergents — fragrance formulations for detergents and household products.


Major challenges

  • Sourcing sustainability (pressure to replace endangered botanicals and ensure traceability). 

  • Margin management amid raw-material inflation and customer pricing pressure.


Attractive opportunities

  • Premium natural and biotech ingredients — higher margin, differentiated positioning. 

  • Adjacency moves — integration into nutrition/health (e.g., taste modulation for reduced sugar/salt) and active fragrance ingredients (functional fragrance for wellness). 


Key factors for market expansion

  • F&B product innovation cyclespremiumization in personal carebiotech & sustainability solutions, and expansion in APAC.


Quick reference (starting sources)

  • The Business Research Company — Flavors & Fragrances market report / size & forecast.

  • Grand View Research — market size & outlook.

  • Givaudan — 2024 full-year results (sales & unit performance).

  • DSM-Firmenich — integrated annual report / full-year 2024 results.

  • IFF — 2024 full-year results & IR.

  • Symrise / Mane / Robertet / Takasago investor reports & annual reports for company sales.


Would you like me to (A) build a company-by-company table (company → latest reported revenue → flavor/fragrance segment note → source links) or (B) make a short 1-page PPT summarizing these numbers and opportunities? Say A or B and I’ll produce it now (with downloadable files and all source citations).

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