Flavors and Fragrances Market Report 2026

The flavors and fragrances market size has grown strongly in recent years. It will grow from $36.26 billion in 2025 to $38.15 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to expansion of food and beverage manufacturing, rising consumption of personal care products, growth of home care product usage, increased urbanization, availability of synthetic aroma compounds.

The flavors and fragrances market size is expected to see strong growth in the next few years. It will grow to $47.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing focus on sustainable ingredient sourcing, rising demand for personalized fragrances, expansion of natural flavor applications, growing innovation in aroma chemistry, increasing use of biotechnology in ingredient development. Major trends in the forecast period include rising demand for natural and clean-label ingredients, expansion of functional and wellness-oriented fragrances, growing customization of flavor and fragrance profiles, increased use of bio-based aroma compounds, premiumization of sensory ingredients.

The growing consumer preference for convenience foods is driving growth in the flavors and fragrances market. Convenience foods are processed products that require minimal preparation before consumption, including ready-to-eat, packaged, and preserved items. Rising demand for these foods is increasing the use of flavors and fragrances, which enhance taste and extend product shelf life. For example, in April 2024, the National Association of Convenience Stores, a US-based trade association, reported that in 2023, foodservice sales - including prepared foods, commissary items, and dispensed beverages - accounted for 26.9% of in-store sales, up from 25.6% in 2022. Additionally, prepared food sales per store per month increased by 12.2% compared to 2022. Therefore, the growing preference for convenience foods is expected to boost demand for flavors and fragrances during the forecast period.

Leading companies in the flavors and fragrances market are increasingly dedicated to developing innovative solutions, such as natural ingredient alternatives and high-quality sourcing techniques, to align with growing consumer preferences for sustainability and authenticity. Natural ingredient alternatives refer to the use of bio-based materials that replicate traditional compounds while adhering to eco-friendly practices. For instance, in October 2023, BASF Aroma Ingredients, a Germany-based supplier of aroma ingredients for the fragrance and flavor industry, launched Isobionics® Natural alpha-bisabolene 98 and Isobionics® Natural (-)-alpha-bisabolene 99, designed to enhance the sensory experience of fragrance formulations. These new products provide manufacturers with reliable, sustainable options that retain the desired olfactory profiles while reducing reliance on synthetic ingredients. By responding to consumer demand for natural products, these innovations not only enhance product authenticity but also enable manufacturers to meet rigorous market standards in the flavors and fragrances industry.

In December 2023, Robertet Group, a France-based company specializing in natural ingredients for the fragrance and flavor sector, acquired Sonarome for an undisclosed sum. This acquisition was aimed at bolstering Robertet Group's position in the global market by enhancing its capabilities in innovative flavor solutions and fragrance development. Sonarome, based in India, is recognized for its expertise in creating distinctive scent profiles and flavor formulations tailored to various consumer applications.

Major companies operating in the flavors and fragrances market are International Flavors & Fragrances Inc., Kerry Group plc, Givaudan SA, Firmenich International SA, Symrise AG, Robertet SA, Sensient Technologies Corporation, Takasago International Corporation, Huabao International Holdings Limited, T. Hasegawa Co. Ltd., Frutarom Industries Ltd., Mane SA, Treatt plc, Keva Flavours Pvt Ltd, CPL Aromas Ltd., Bell Flavors & Fragrances Inc., Alpha Aromatics, Comax Flavors, Lebermuth Company Inc., Nactis Flavours SAS, Aromatech Group, Lluch Essence S.L., International Taste Solutions Ltd.

Asia-Pacific was the largest region in the flavors and fragrances market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the flavors and fragrances market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the flavors and fragrances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The flavors and fragrances market consists of sales of concentrates, flavors extracts, flavorings, and syrups. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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