Europe Aroma Ingredients for Food and Beverages Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030

Analysis - by Type {Synthetic (Terpenes, Aldehydes, Aliphatic, and Others) and Natural (Essential Oils, Herbal Extracts, Oleoresins, and Others)} and Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals, and Others)

No. of Pages: 123    |    Report Code: BMIRE00030640    |    Category: Food and Beverages

Available Report Formats

pdf-format excel-format pptx-format
Buy Now
Europe Aroma Ingredients for Food and Beverages Market
Free Sample Buy Now

The Europe aroma ingredients for food and beverages market was valued at US$ 341.43 million in 2022 and is expected to reach US$ 420.32 million by 2030; it is estimated to register a CAGR of 2.6% from 2022 to 2030.

Strategic Initiatives by Key Market Players Drive Europe Aroma Ingredients for Food and Beverages Market



Aroma ingredient manufacturers in the food & beverages industry are significantly involved in mergers and acquisitions, collaborations, and other strategic developments to attract consumers and enhance their market position. Increasing demand for aroma ingredients from various food and beverage establishments that produce and sell bakery and confectionery, dairy, frozen desserts, and other items has resulted in key players adopting strategic initiatives to strengthen their market position globally. For instance, in November 2023, BASF SE announced the launch of two new natural aroma ingredients: Isobionics Natural alpha-Bisabolene 98 and Isobionics Natural (-)-alpha-Bisabolol 99. Such product developments are contributing to market growth.

Key players in the market are expanding their production facilities and entering into agreements with distributors to strengthen their market position. For instance, in December 2021, Tilley Distribution, Inc. announced the merger with Phoenix Aromas and Essential Oils. The merger will help provide high-quality products to new and existing consumer bases with teams experienced in providing regulatory and technical support. Thus, strategic initiatives by key market players fuel the growth of the aroma ingredients for the food and beverages market.

Europe Aroma Ingredients for Food and Beverages Market Overview



In Europe, the growing demand for aroma ingredients can be attributed to the region's rich culinary traditions and increasing preference for premium and artisanal products. There is a strong cultural appreciation for culinary traditions and cuisine across Europe. Consumers in Europe value high-quality ingredients and authentic flavors, driving the demand for aroma ingredients that enhance the sensory experience of food and beverages. This emphasis on gourmet excellence has led to a growing market for premium aroma ingredients sourced from natural and sustainable sources, catering to the discerning tastes of European consumers.

Additionally, the increasing interest in healthier and more natural food options in Europe contributes to the market growth. European consumers have been embracing organic and plant-based diets, often incorporating ingredients with strong or unfamiliar tastes and fragrances, such as certain vegetables, grains, and legumes; to make these health-conscious choices more appealing, food manufacturers use aroma ingredients to mitigate any overpowering or objectionable flavors and fragrances, ensuring that products maintain wide consumer acceptance while adhering to natural and clean-label trends. This demand aligns with the broader European food quality, taste, and an awareness of sensory experience, all contributing to the adoption of aroma ingredients for food and beverages in the region.

Furthermore, the European food and beverage market is characterized by a strong emphasis on innovation and creativity. With a rich culinary heritage and a diverse range of flavor preferences across Europe, there is a growing demand for new and exciting taste experiences. Aroma ingredients play a crucial role in driving innovation by allowing manufacturers to experiment with novel flavor combinations and sensory profiles. This culture of culinary exploration and innovation fuels the demand for aroma ingredients in Europe, driving the growth of the market as consumers seek out unique and memorable food and beverage offerings.

Europe Aroma Ingredients for Food and Beverages Market Revenue and Forecast to 2030 (US$ Million)

Get more information on this report

Europe Aroma Ingredients for Food and Beverages Strategic Insights

Strategic insights for the Europe Aroma Ingredients for Food and Beverages provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/europe-aroma-ingredients-for-food-and-beverages-market-strategic-framework.webp
Get more information on this report

Europe Aroma Ingredients for Food and Beverages Report Scope

Report Attribute Details
Market size in 2022 US$ 341.43 Million
Market Size by 2030 US$ 420.32 Million
Global CAGR (2022 - 2030) 2.6%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Synthetic
  • Natural
By Application
  • Bakery and Confectionery
  • Dairy and Frozen Desserts
  • Beverages
  • Sweet and Savory Snacks
  • RTE and RTC Meals
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    		•
    Get more information on this report

    Europe Aroma Ingredients for Food and Beverages Regional Insights

    The geographic scope of the Europe Aroma Ingredients for Food and Beverages refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/europe-aroma-ingredients-for-food-and-beverages-market-geography.webp
    Get more information on this report

    Europe Aroma Ingredients for Food and Beverages Market Segmentation



    The Europe aroma ingredients for food and beverages market is categorized into type, application, and country.

    Based on type, the Europe aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held a larger market share in 2022. Furthermore, the synthetic segment is further sub segmented into terpenes, aldehydes, aliphatic, and others. Additionally, the natural segment is further sub segmented into essential oils, herbal extracts, oleoresins, and others.

    In terms of application, the Europe aroma ingredients for food and beverages market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, RTE and RTC meals, and others. The bakery and confectionery segment held the largest market share in 2022.

    By country, the Europe aroma ingredients for food and beverages market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe aroma ingredients for food and beverages market share in 2022.

    International Flavors & Fragrances Inc, Sensient Technologies Corp, BASF SE, V MANE FILS SAS, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, and Kerry Group Plc are among the leading companies operating in the Europe aroma ingredients for food and beverages market.

    Identical Market Reports with other Region/Countries

    The List of Companies - Europe Aroma Ingredients for Food and Beverages Market

    1. International Flavors & Fragrances Inc.

    2. Sensient Technologies Corp.

    3. BASF SE.

    4. V MANE FILS SAS.

    5. Symrise AG.

    6. Firmenich International SA.

    7. Archer-Daniels-Midland Co.

    8. Kerry Group Plc.

    Frequently Asked Questions
    How big is the Europe Aroma Ingredients for Food and Beverages Market?

    The Europe Aroma Ingredients for Food and Beverages Market is valued at US$ 341.43 Million in 2022, it is projected to reach US$ 420.32 Million by 2030.

    What is the CAGR for Europe Aroma Ingredients for Food and Beverages Market by (2022 - 2030)?

    As per our report Europe Aroma Ingredients for Food and Beverages Market, the market size is valued at US$ 341.43 Million in 2022, projecting it to reach US$ 420.32 Million by 2030. This translates to a CAGR of approximately 2.6% during the forecast period.

    What segments are covered in this report?

    The Europe Aroma Ingredients for Food and Beverages Market report typically cover these key segments-

    • Type (Synthetic, Natural)
    • Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, RTE and RTC Meals)

    What is the historic period, base year, and forecast period taken for Europe Aroma Ingredients for Food and Beverages Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Aroma Ingredients for Food and Beverages Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
    • Who are the major players in Europe Aroma Ingredients for Food and Beverages Market?

    The Europe Aroma Ingredients for Food and Beverages Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • International Flavors & Fragrances Inc.
  • Sensient Technologies Corp.
  • BASF SE.
  • V MANE FILS SAS.
  • Symrise AG.
  • Firmenich International SA.
  • Archer-Daniels-Midland Co.
  • Kerry Group Plc.
    • Who should buy this report?

    The Europe Aroma Ingredients for Food and Beverages Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Aroma Ingredients for Food and Beverages Market value chain can benefit from the information contained in a comprehensive market report.

    europe-aroma-ingredients-for-food-and-beverages-market