The global flavors and fragrances market size was valued at USD 27.50 billion in 2023 and is projected to grow from USD 28.72 billion in 2024 to USD 42.27 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period. Fortune Business Insights™ publishes this information in a report titled, "Flavors and Fragrances Market, 2025-2032".

Flavors and fragrances are derived from lactones, acids, esters, ketones, alcohols, aldehydes, and essential oils like vanilla, citrus, castor, and musk. They can be natural (plant/animal-based) or synthetic (artificial esters blended with alcohol, glycerol, or propylene glycol). Flavors enhance taste in food and beverages such as bakery, snacks, dairy, sauces, and confectionery, while fragrances mask odors and are widely used in body care, oral care, and home care products.

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List of Key Players Profiled in the Flavors and Fragrances Market Report:

• Givaudan (Switzerland)
• International Flavors and Fragrances (IFF) (U.S.)
• Symrise AG (Germany)
• Robertet Group (France)
• Kerry Group plc (Ireland)
• Sensient Technologies (U.S.)
• Firmenich SA (Switzerland)
• Takasago International Corp (Japan)
• Hasegawa Co., Ltd. (Japan)
• Mane (France)
• Archer Daniel Midland Company (U.S.)
• Solvay S.A. (Belgium)
• BASF (Germany)

Segments:

Flavors Segment to Lead the Market Due to its Unique Properties