World Flavors & Fragrances
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R Industry Study Freedonia forecasts to 2008 & 2013 for 17 countries & 6 regions World Flavors & Fragrances Study # 1886 January 2005 $5100 Global demand to cially strong, advancing 7.3 percent per year through Western Europe increase 4.4% per 2008. Growth in the world’s 29% year through 2008 most developed markets will continue to be moder- Global demand for flavors ate, restrained by market and fragrances is forecast maturity, consolidation in North America to increase 4.4 percent per flavor and fragrance using 28% year to US$18.6 billion in industries and strong 2008. Developing nations downward pressure on will continue to record prices. better growth than industri- Asia/Pacific 27% alized regions such as Historically, flavor and Western Europe, North fragrance production has World Flavors America and Japan; and been dominated by the US, & Fragrances blends will grow faster than Japan and Western Europe Other Regions 16% Demand both aroma chemicals and -- in particular, France, the essential oils. Pricing United Kingdom, Germany (US$18.6 billion, 2008) pressures will also remain and Switzerland. However, an issue primarily due to a these areas will lose chemicals than more basic foods, health foods and shrinking customer base. market share through 2008 foodstuffs. Demand for nutraceuticals, confections, However, some slight to developing areas of the fragrance blends and cosmetics and skin care easing is expected due to world, where producers are essential oils will benefit products, pharmaceuticals, growing requirements for attracted to above-average from increased interest in and niche markets such as better quality, higher value growth in flavor and natural and exotic aromas, aromatherapy. consumer goods, where fragrance demand, as well which are more expensive quality is often associated as low labor costs and the than their synthetic coun- Study coverage with scent or taste, thus availability of raw materials terparts. Aroma chemicals providing some opportuni- at a lower cost. are expected to see These and other findings ties for higher cost flavors modest growth through are examined in World and fragrances. Flavor blends to 2008 as they continue to Flavors & Fragrances, a face pricing pressures and 362-page Freedonia study Developing regions remain largest competition from blends. available for $5100. It pro- to present best product segment vides historical demand Soft drinks, snacks data through 2003 plus growth prospects Flavor blends will continue forecasts to 2008 and 2013 to be the largest product among lead markets by product, market, world The large populations and segment through 2008, growing per capita incomes Among the major market geographic region and for aided by strong gains in 17 major countries. The of the developing areas of developing countries that segments for flavors and the world provide poten- fragrances, food and study also considers mar- are increasing their con- ket environment factors, tially huge markets for sumption of products such beverages is the largest, various flavor and fra- accounting for 47 percent details industry structure, as fast food, soft drinks, evaluates company market grance consuming items. snacks and other conve- of total demand in 2003. In particular, demand in the Fastest market growth is share data and profiles 24 nience foods. These leading manufacturers and Asia/Pacific region (exclud- products generally require expected in soft drinks, ing Japan) will be espe- snacks, convenience suppliers of flavors and higher loadings of flavor fragrances worldwide. Visit www.freedoniagroup.com for tables of contents & complete text & tables * Tables for each region & country provide historical data List of Contents/Tables/Charts through 2003 plus forecasts to 2008 & 2013 for the following : each table includes forecasts through 2008 & 2013 Flavors & Fragrances Supply & Demand Flavors & Fragrances Markets ... plus key macroeconomic indicators Introduction NORTH AMERICA EXECUTIVE SUMMARY General ...................................................................................................... 63 Summary Table ....................................................................................... 3 Supply & Demand ..................................................................................... 64 Markets ...................................................................................................... 66 United States ............................................................................................. 68 MARKET ENVIRONMENT Canada ....................................................................................................... 75 General ........................................................................................................ 4 Mexico ....................................................................................................... 82 World Demographic Overview ................................................................... 5 Table - World Population by Region ............................................. 6 World Economic Overview ......................................................................... 6 WESTERN EUROPE Recent Economic Performance .............................................................. 6 General ...................................................................................................... 89 Macroeconomic Outlook ........................................................................ 9 Supply & Demand ..................................................................................... 90 Table - World Gross Domestic Product by Region ..................... 10 Markets ...................................................................................................... 92 Per Capita Gross Domestic Product ..................................................... 10 France ........................................................................................................ 94 Table - World Per Capita Gross Domestic Product by Region ... 12 Germany .................................................................................................. 101 Personal Income & Expenditure Trends ............................................... 12 Italy .......................................................................................................... 108 Table - World Personal Consumption Expenditures by Region . 14 The Netherlands ...................................................................................... 115 Manufacturing Outlook ........................................................................ 14 Spain ........................................................................................................ 121 Table - World Manufacturing Value Added by Region .............. 15 United Kingdom ...................................................................................... 127 World Food & Beverage Manufacturing Outlook .................................... 15 Other Western Europe ............................................................................. 134 Table - World Food & Beverage Manufacturing Value Added by Region .......................................................... 18 ASIA/PACIFIC World Beverage & Soft Drink Outlook .................................................... 18 General .................................................................................................... 141 Table - World Soft Drink Consumption by Region .................... 21 Supply & Demand ................................................................................... 143 World Toiletry & Cleaning Preparation Outlook ...................................... 22 Markets .................................................................................................... 144 Table - World Toiletry & Cleaning Preparation Australia .................................................................................................. 146 Shipments by Type & Region ................................................. 24 China ....................................................................................................... 153 India ......................................................................................................... 164 OVERVIEW Japan ........................................................................................................ 171 Product Overview ...................................................................................... 25 South Korea ............................................................................................. 179 Table - World Flavors & Fragrances Demand by Product .......... 27 Taiwan ..................................................................................................... 186 Chart - World Flavors & Fragrances Demand by Product, 2003 27 Other Asia/Pacific ................................................................................... 192 Flavor Blends ........................................................................................ 28 Table - World Flavor Blends Demand by Region ....................... 30 OTHER REGIONS Chart - World Flavor Blends Demand by Region, 2003 ............. 30 General .................................................................................................... 201 Fragrance Blends .................................................................................. 31 Demand by Type & Market .................................................................... 203 Table