Europe Aroma Ingredients for Food and Beverages Market Forecast to 2030

At 2.6% CAGR, Europe Aroma Ingredients for Food and Beverages Market is Speculated to be Worth US$ 420.32 Million by 2030, says the Research Team

According to the Research Team’ research, 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, registering a CAGR of 2.6% from 2022 to 2030. Rising demand for aromas in plant-based food and beverages and rising trend for natural aromas are among the critical factors attributed to drive the Europe aroma ingredients for food and beverages market growth.

In recent years, the demand for plant-based food and beverages has surged owing to rising consumer awareness about health and wellness, as well as due to environmental and ethical reasons. The raw ingredients of plant-based products such as pea, almond, or soy protein contribute to the characteristics of aroma volatiles, which may not be desirable. For instance, pea protein has been known to impart beany flavor that must be reduced in the final products. Aroma ingredients play a critical role in enhancing the sensory appeal of plant-based food and beverages by imparting familiar and desirable scents, thus making them more palatable.

Aroma ingredients offer a versatile and customized solution for manufacturers seeking to develop a wide range of plant-based products that cater to diverse consumer preferences and dietary needs. By harnessing aroma ingredients derived from natural sources such as fruits, vegetables, herbs, and spices, manufacturers can create authentic and appealing flavors and scents that resonate with health-conscious consumers, thereby contributing to the market growth. Further, the rising sophistication of plant-based culinary offerings, including meat alternatives, dairy alternatives, and plant-based snacks and beverages, presents ample opportunities for aroma ingredients manufacturers to innovate and collaborate with food and beverage companies. Thus, the rising demand for aromas in plant-based food and beverages is expected to fuel the global aroma ingredients for food and beverages market growth during the forecast period.

On the contrary, the regulatory compliances hamper the growth of Europe aroma ingredients for food and beverages market.

Based on type, the Europe aroma ingredients for food and beverages market is bifurcated into synthetic and natural. The synthetic segment held 56.1% market share in 2022, amassing US$ 191.56 million. It is projected to garner US$ 229.49 million by 2030 to register 2.3% CAGR during 2022-2030. 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.

By 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 32.0% share of Europe aroma ingredients for food and beverages market in 2022, amassing US$ 109.21 million. It is projected to garner US$ 131.97 million by 2030 to expand at 2.4% CAGR from 2022 to 2030.

Based on country, the Europe aroma ingredients for food and beverages market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 38.4% share of Europe aroma ingredients for food and beverages market in 2022. It was assessed at US$ 131.14 million in 2022 and is likely to hit US$ 148.32 million by 2030, registering a CAGR of 1.6% during 2022-2030.

Key players operating in the Europe aroma ingredients for food and beverages market are 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, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe aroma ingredients for food and beverages market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe aroma ingredients for food and beverages market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe aroma ingredients for food and beverages market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Aroma Ingredients for Food and Beverages Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 Application
4.4 List of Vendors in the Value Chain
4.5 Qualitative Analysis of the Manufacturing Process of Aroma Ingredients
5. Europe Aroma Ingredients for Food and Beverages Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Importance of Aroma in Food & Beverage Industry
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 Regulatory Compliances
5.3 Market Opportunities
5.3.1 Rising Demand for Aromas in Plant-Based Food and Beverages
5.4 Future Trends
5.4.1 Rising Trend for Natural Aromas
5.5 Impact of Drivers and Restraints:
6. Aroma Ingredients for Food and Beverages Market – Europe Analysis
6.1 Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
6.2 Aroma Ingredients for Food and Beverages Market Forecast Analysis
7. Europe Aroma Ingredients for Food and Beverages Market Analysis – by Type
7.1 Synthetic
7.1.1 Overview
7.1.2 Synthetic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.1 Terpenes
7.1.2.1.1 Overview
7.1.2.1.2 Terpenes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.2 Aldehydes
7.1.2.2.1 Overview
7.1.2.2.2 Aldehydes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.3 Aliphatic
7.1.2.3.1 Overview
7.1.2.3.2 Aliphatic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.1.2.4 Others
7.1.2.4.1 Overview
7.1.2.4.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Natural
7.2.1 Overview
7.2.2 Natural: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.1 Essential Oils
7.2.2.1.1 Overview
7.2.2.1.2 Essential Oils: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.2 Herbal Extracts
7.2.2.2.1 Overview
7.2.2.2.2 Herbal Extracts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.3 Oleoresins
7.2.2.3.1 Overview
7.2.2.3.2 Oleoresins: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
7.2.2.4 Others
7.2.2.4.1 Overview
7.2.2.4.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8. Europe Aroma Ingredients for Food and Beverages Market Analysis – by Application
8.1 Bakery and Confectionery
8.1.1 Overview
8.1.2 Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Dairy and Frozen Desserts
8.2.1 Overview
8.2.2 Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Beverages
8.3.1 Overview
8.3.2 Beverages: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Sweet and Savory Snacks
8.4.1 Overview
8.4.2 Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.5 RTE and RTC Meals
8.5.1 Overview
8.5.2 RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9. Europe Aroma Ingredients for Food and Beverages Market – Country Analysis
9.1 Europe
9.1.1 Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast Analysis – by Country
9.1.1.1 Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast Analysis – by Country
9.1.1.2 Germany: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Germany: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.2.2 Germany: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.3 France: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 France: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.3.2 France: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.4 Italy: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Italy: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.4.2 Italy: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.5 United Kingdom: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 United Kingdom: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.5.2 United Kingdom: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.6 Russian Federation: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Russian Federation: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.6.2 Russian Federation: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
9.1.1.7 Rest of Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Type
9.1.1.7.2 Rest of Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 New Product Development
11.3 Partnerships, Expansions, and Mergers and Acquisitions
12. Company Profiles
12.1 International Flavors & Fragrances Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sensient Technologies Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 BASF SE
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 V.MANE Fils SAS
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Symrise AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Firmenich International SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Archer-Daniels-Midland Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Kerry Group plc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Europe Aroma Ingredients for Food and Beverages Market Segmentation
Table 2. List of Vendors
Table 3. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 7. Germany: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 8. Germany: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 9. France: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 10. France: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. Italy: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 12. Italy: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 13. United Kingdom: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 14. United Kingdom: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 15. Russian Federation: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 16. Russian Federation: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 17. Rest of Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 18. Rest of Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 19. Heat Map Analysis by Key Players

LIST OF FIGURES

Figure 1. Europe Aroma Ingredients for Food and Beverages Market Segmentation, by Country
Figure 2. Aroma Ingredients for Food and Beverages Market – Porter’s Analysis
Figure 3. Ecosystem: Aroma Ingredients for Food and Beverages Market
Figure 4. Aroma Ingredients for Food and Beverages Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Aroma Ingredients for Food and Beverages Market Revenue (US$ Million), 2020-2030
Figure 7. Aroma Ingredients for Food and Beverages Market Share (%) – by Type (2022 and 2030)
Figure 8. Synthetic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Terpenes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Aldehydes: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Aliphatic: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Natural: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Essential Oils: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Herbal Extracts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Oleoresins: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Aroma Ingredients for Food and Beverages Market Share (%) – by Application (2022 and 2030)
Figure 19. Bakery and Confectionery: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Dairy and Frozen Desserts: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Beverages: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Sweet and Savory Snacks: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. RTE and RTC Meals: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Others: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Europe Aroma Ingredients for Food and Beverages Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 26. Europe: Aroma Ingredients for Food and Beverages Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 27. Germany: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. France: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. Italy: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. United Kingdom: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. Russian Federation: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Rest of Europe: Aroma Ingredients for Food and Beverages Market – Revenue and Forecast to 2030 (US$ Million)
Figure 33. Company Positioning & Concentration