India Flavors and Fragrances Market Outlook | Analysis, Forecast, Trends, Industry, Value, Size, COVID-19 IMPACT, Revenue, Companies, Share & Growth

Market Forecast By Product (Natural, Aroma Chemical), By Application (Flavors, Fragrances) And Competitive Landscape
Product Code: ETC226284 Publication Date: Aug 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Flavors and Fragrances Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s flavors and fragrances import market experienced significant growth in 2024, with top exporting countries including Ireland, China, USA, Singapore, and Germany. The market concentration, as measured by the HHI, improved from very low in 2023 to low in 2024, indicating a more diversified import landscape. The impressive CAGR of 15.0% from 2020 to 2024 highlights sustained market expansion, while the remarkable growth rate of 46.9% from 2023 to 2024 underscores the increasing demand for diverse and high-quality flavors and fragrances in India.

The India Flavors and Fragrances Market is growing at significant rate due to the factors such as increasing demand for processed and packaged food, rising disposable income, and growing awareness about personal grooming and hygiene. Additionally, the popularity of e-commerce platforms has made it easier for consumers to purchase products. The growing food and beverage industry and the expansion of the retail sector in India also contribute to the market.However, the high cost of raw materials and the availability of counterfeit products are the major challenges to the market. Stringent regulations and standards also pose a challenge for players operating in the market. Moreover, the lack of standardization and quality control also pose challenges for the market.

Key Highlights of the Report:

  • India Flavors and Fragrances Market Outlook
  • Market Size of India Flavors and Fragrances Market, 2021
  • Forecast of India Flavors and Fragrances Market, 2028
  • Historical Data and Forecast of India Flavors and Fragrances Revenues & Volume for the Period 2018 - 2028
  • India Flavors and Fragrances Market Trend Evolution
  • India Flavors and Fragrances Market Drivers and Challenges
  • India Flavors and Fragrances Price Trends
  • India Flavors and Fragrances Porter's Five Forces
  • India Flavors and Fragrances Industry Life Cycle
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Product for the Period 2018 - 2028
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Natural for the Period 2018 - 2028
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Aroma Chemical for the Period 2018 - 2028
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Application for the Period 2018 - 2028
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Flavors for the Period 2018 - 2028
  • Historical Data and Forecast of India Flavors and Fragrances Market Revenues & Volume By Fragrances for the Period 2018 - 2028
  • India Flavors and Fragrances Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Application
  • India Flavors and Fragrances Top Companies Market Share
  • India Flavors and Fragrances Competitive Benchmarking By Technical and Operational Parameters
  • India Flavors and Fragrances Company Profiles
  • India Flavors and Fragrances Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Flavors and Fragrances Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Flavors and Fragrances Market Revenues & Volume, 2021 & 2028F

3.3 India Flavors and Fragrances Market - Industry Life Cycle

3.4 India Flavors and Fragrances Market - Porter's Five Forces

3.5 India Flavors and Fragrances Market Revenues & Volume Share, By Product, 2021 & 2028F

3.6 India Flavors and Fragrances Market Revenues & Volume Share, By Application, 2021 & 2028F

4 India Flavors and Fragrances Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Growing demand for natural and organic flavors and fragrances due to increasing health consciousness among consumers.

4.2.2 Rapid urbanization and changing lifestyles leading to higher consumption of personal care and home care products that use flavors and fragrances.

4.2.3 Rising disposable incomes and a growing middle-class population driving the demand for premium and luxury fragrance products.

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials impacting the production costs of flavors and fragrances.

4.3.2 Stringent regulations and compliance requirements related to the use of certain ingredients in flavors and fragrances, leading to increased operational challenges for manufacturers.

5 India Flavors and Fragrances Market Trends

6 India Flavors and Fragrances Market, By Types

6.1 India Flavors and Fragrances Market, By Product

6.1.1 Overview and Analysis

6.1.2 India Flavors and Fragrances Market Revenues & Volume, By Product, 2018 - 2028F

6.1.3 India Flavors and Fragrances Market Revenues & Volume, By Natural, 2018 - 2028F

6.1.4 India Flavors and Fragrances Market Revenues & Volume, By Aroma Chemical, 2018 - 2028F

6.2 India Flavors and Fragrances Market, By Application

6.2.1 Overview and Analysis

6.2.2 India Flavors and Fragrances Market Revenues & Volume, By Flavors, 2018 - 2028F

6.2.3 India Flavors and Fragrances Market Revenues & Volume, By Fragrances, 2018 - 2028F

7 India Flavors and Fragrances Market Import-Export Trade Statistics

7.1 India Flavors and Fragrances Market Export to Major Countries

7.2 India Flavors and Fragrances Market Imports from Major Countries

8 India Flavors and Fragrances Market Key Performance Indicators

8.1 Research and Development (RD) investment in creating innovative and sustainable flavors and fragrances.

8.2 Consumer sentiment analysis to understand evolving preferences and trends in the market.

8.3 Environmental sustainability metrics such as carbon footprint reduction initiatives in the production processes of flavors and fragrances.

9 India Flavors and Fragrances Market - Opportunity Assessment

9.1 India Flavors and Fragrances Market Opportunity Assessment, By Product, 2021 & 2028F

9.2 India Flavors and Fragrances Market Opportunity Assessment, By Application, 2021 & 2028F

10 India Flavors and Fragrances Market - Competitive Landscape

10.1 India Flavors and Fragrances Market Revenue Share, By Companies, 2021

10.2 India Flavors and Fragrances Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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