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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
GCC Flavours and Fragrances Market Size
The GCC flavours and fragrances market attained about USD 560.6 million in 2023. The market is further expected to grow at a CAGR of 4.3% during the forecast period of 2024-2032 to reach approximately USD 805.6 million by 2032.
Key Takeaways
- Global fast-food chains, such as McDonald's Corporation, Herfy, and Kentucky Fried Chicken are widely popular in the region.
- The region boasts an array of high-end, luxury perfume boutiques.
- Natural flavours and fragrances are demanded as healthier alternatives to artificial ingredients.
The incorporation of techniques such as mass spectrometry, gas chromatography, and sensory evaluation helps flavourists and perfumers conduct efficient fragrance and flavour analysis. The analysis of the flavour and fragrance profiles of end products helps manufacturers meet the changing consumer demand.
The GCC flavours and fragrances market development is driven by various factors, such as demand for luxury perfumes, natural ingredients in food and cosmetic products, an expanding foodservice sector, and the presence of numerous perfume manufacturers.
Some of the key trends are consumer demand for cruelty-free products and sustainable ingredients, a growing market for fast food products, rising per capita income, busy consumer schedules, and rising tourist footfall. These factors are collectively influencing the GCC flavours and fragrances market growth.
GCC Flavours and Fragrances Market Report Snapshots
GCC Flavours and Fragrances Market Size
GCC Flavours and Fragrances Market Trends
GCC Flavours and Fragrances Market Regional Analysis
GCC Flavours and Fragrances Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the GCC flavours and fragrances market reached an approximate value of USD 560.6 million.
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 805.6 billion by 2032.
The major drivers of the market include rising demand for ingenious fragrances, demand for luxury personal care products, and a diverse population demanding varied cuisines.
Key trends aiding the market expansion in GCC include an expanding food service sector, demand for natural ingredients in foods and cosmetic products, and a growing interest in luxury fragrances.
The different types of flavours in the market are artificial, natural, and nature-identical.
The major types of fragrances in the market are synthetic and natural.
The major countries for flavours and fragrances in the GCC region are Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman.
The key players in the GCC flavours and fragrances market are DSM-Firmenich AG, Symrise AG, Givaudan International SA, International Flavors & Fragrances Inc., Bell Flavors & Fragrances, RFF International, Senovia, Gulf Flavours & Food Ingredients FZCO, and Global Flavours and Fragrances, among others.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124