Flavors And Fragrances Market To Reach $57.52 Billion By 2033

Flavors And Fragrances Market Growth & Trends

The global flavors and fragrances market size is estimated to reach USD 57.52 billion by 2033, expanding at a CAGR of 7.1% from 2026 to 2033, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for natural products and aroma chemicals from the personal care & cosmetics products and food & beverages industries. The global industry for fragrances & flavors is expected to register remarkable growth over the forecast period owing to the increasing product demand in toiletries, cosmetics, beverages, and food application industries. The increasing use of flavors in the pharmaceutical, dietary supplements, and nutraceutical sectors is also projected to augment industry growth.

The health & wellness trend in the industry is expected to magnify the preference for natural flavor ingredients. Growing disposable income levels in emerging economies are also anticipated to augment the product demand for soaps & detergents, perfumes, toiletries, and cosmetics. Natural products are considered therapeutic, healthy, and safe. Manufacturers of natural fragrances often charge a “green premium” on their products. The demand for synthetic ones is also expected to rise, as they emit strong fragrances, offer greater freedom of creativity to manufacturers, and are long-lasting. Moreover, synthetic products are less expensive as compared to natural products.

The COVID-19 pandemic had an adverse impact on the global industry on account of the supply chain disruptions, complete & partial lockdown of manufacturing facilities, and lack of availability of labor as well as raw materials. Countries around the world had to restrict global trade due to which, imports and export were affected. However, since the first half of 2021, countries rapidly adjusted their economies and kept the agriculture and food industries in focus, thus stabilizing the industry growth. New product launches, a growing number of retail stores, and economic prices of convenience food and personal care products are also expected to be highly influential factors contributing to the industry’s growth

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Flavors And Fragrances Market Report Highlights

• The natural segment held the largest revenue share of 51.6% in 2025 due to the strong demand for essential oils, oleoresins, and other plant-derived extracts widely used across both flavor and fragrance applications.

• The fragrances segment accounted for the largest revenue share of 78.2% in 2025 due to the extensive use of aroma chemicals and essential oils in perfumes, personal care products, home care, and luxury cosmetics.

• The flavors and fragrances industry in Europe dominated the market with a revenue share of 31.3% in 2025, supported by a well-regulated environment and demand for high-quality, sustainable products.

Flavors And Fragrances Market Segmentation

Grand View Research has segmented the global flavors and fragrances market report based on product, application, and region:

Flavors And Fragrances Product Outlook (Revenue, USD Million, 2018 - 2033)

• Natural

  • Essential Oils

    • Orange Essential Oils

    • Corn mint Essential Oils

    • Eucalyptus Essential Oils

    • Pepper Mint Essential Oils

    • Lemon Essential Oils

    • Citronella Essential Oils

    • Patchouli Essential Oils

    • Clove Essential Oils

    • Ylang Ylang/Canaga Essential Oils

    • Lavender Essential Oils

    • Others

  • Oleoresins

    • Paprika Oleoresins

    • Black Pepper Oleoresins

    • Turmeric Oleoresins

    • Ginger Oleoresins

    • Others

  • Other Natural

• Aroma Chemical

  • Esters

  • Alcohol

  • Aldehydes

  • Phenol

  • Terpenes

  • Others

Flavors And Fragrances Application Outlook (Revenue, USD Million, 2018 - 2033)

• Flavors

  • Confectionery

  • Convenience Food

  • Bakery Food

  • Dairy Products

  • Beverages

  • Animal Feed

  • Others

• Fragrance

  • Fine Fragrance

  • Cosmetics and Toiletries

  • Soaps and Detergents

  • Aromatherapy

  • Others

Flavors And Fragrances Regional Outlook (Revenue, USD Million, 2018 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Portugal

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Middle East & Africa

  • Saudi Arabia

  • South Africa

• Latin America

  • Brazil

  • Argentina 

List of Key Players in Flavors And Fragrances Market

• Sensient Technologies Corp.

• BASF SE

• Mane SA

• Takasago International Corporation

• Givaudan

• Alpha Aromatics

• Ozone Naturals

• Elevance Renewable Sciences, Inc.

• Firmenich SA

• Symrise AG