2023, driven by technological innovation, and comprehensively improve the quality of industry development
Flavor and Fragrance Industry Developmentrelated policies
In recent years, the state has successively issued the "14th Five-Year Development Plan for the Fragrance and Flavor Industry", "13th Five-Year" National Food Safety Plan "," Food Safety Standards and Testing and Evaluation "14th Five-Year Plan", "Promoting Various policies and regulations such as" Guiding Opinions on the Healthy Development of the Food Industry "carry out macro-control to support the development of the fragrance industry. The introduction of the top-level policy is conducive to the industry leader to further expand the market, expand the scale, to obtain economies of scale.
Flavor and Fragrance Industry Related Policies
Source: Public information, compiled by Huajing Industry Research Institute.
Related Report: China Economic Industry Research Institute issued 《Report on Market Development Monitoring and Investment Prospect of China's Flavor and Fragrance Industry from 2023 to 2028
3. flavor and fragrance industry chain
1, flavor and fragrance industry chain
flavors and fragrances are not directly used in daily consumption, but are added to other products as supporting raw materials for food, daily chemicals, medicine, cosmetics and other industries. According to different sources, spices can be divided into natural spices and synthetic spices. Natural spices are derived from nature and have rich taste levels, but the output is limited and the price is high. Synthetic spices are synthesized by chemical means, with a wide range of raw materials and diversified product types, but the taste level is single and needs to be deployed.
Flavors and Fragrances Industry Chain
Source: Public information, compiled by Huajing Industry Research Institute.
4.
1, the global flavor and fragrance industry market size
According to statistics, the global flavor and fragrance market has continued to grow steadily in recent years, from US $24.5 billion in 2016 to US $31.2 billion in 2022, with a compound annual growth rate of 4.11. It is estimated that the global flavor and fragrance market will reach US $32.2 billion in 2023.
2016-2022 Global Flavors and Fragrances Market Scale Trend
Source: Public information, compiled by Huajing Industry Research Institute.
2, global consumption of flavors and fragrancesregional distribution
In recent years, the spices and flavors industry has been shifting to developing countries, and the demand in the Asian market has high potential. At present, the markets of Western Europe, the United States, Japan and other developed countries are approaching saturation, and the sales focus of spices and flavors is gradually shifting to developing countries. In 2022, the Asia-Pacific region will account for more than 31.40 percent of the market, occupying the largest share of the global flavor and fragrance market.
2022
Source: Public information, compiled by Huajing Industry Research Institute.
5.
1, China flavor and fragrance industry market size
In recent years, with the sustained growth of China's economic level, the scale of food, medicine, beverage, daily chemical and other industries continues to expand, driving the sustained and stable growth of China's flavor and fragrance industry. According to the data released by the China Fragrance, Flavor and Cosmetics Industry Association, the scale of China's flavor and fragrance market will grow to 49.9 billion yuan in 2022, with a compound growth rate of 12.06 from 2016 to 2022.
2016-2022 China flavor and fragrance market scale trend
Source: China Fragrance, Flavor and Cosmetics Industry Association, China Economic Industry Research Institute.
2. Chinese flavorMaterial Industry
Based on the huge population base and increasing national income, the market of developing countries such as China has become the fastest growing market in the food, daily chemical and other industries, and has driven the development of the fragrance industry. In 2021, China's production of spices and flavors was 2027 tons, up 4.48 year on year.
Source: Public information, compiled by Huajing Industry Research Institute.
6. flavor and fragrance industry competition pattern
1, flavor and fragrance industry competition pattern
, the concentration of domestic spice enterprises is low, the market structure is scattered, there are many small and medium-sized enterprises, and the level of R & D investment and technical strength are lower than that of international enterprises. Spice products have the characteristics of small batch and fast delivery. Fluctuations in raw material prices, environmental pressure and customer demand for product quality assurance have posed challenges to small and medium-sized enterprises. In the future, with the gradual elimination of small enterprises, the leading and fast-growing head enterprises are expected to further grow and enhance the domestic industry's research and development innovation and market competitiveness.
2021 China flavor and fragrance industry enterprise competition pattern
Source: Public information, compiled by Huajing Industry Research Institute.
2, flavor and fragrance lineindustry
Aipu Co., Ltd. is the research and development, manufacturing and sales of spices, flavors and food ingredients, and the trade of food ingredients. After more than 20 years of development, it has gradually grown into one of the well-known enterprises in the domestic spices and flavors industry. "The brand plays an important role in the domestic spices and flavors industry, especially in the field of food flavors. Xinhe is a state-level high-tech enterprise mainly engaged in the production and sales of nutrition, flavors and fragrances, polymer materials, and APIs. In 2022, Xinhe's flavor and fragrance business will achieve operating income of 2.967 billion yuan, an increase of 32.04 year-on-year, accounting for 18.62 of operating income.
Industry from 2016 to 2022
Source: Company Annual Report, compiled by Huajing Industry Research Institute.
7. flavor and fragrance lineindustry
At present, China's spice and essence industry is in the shift period of structural adjustment, from the pursuit of speed growth to quality growth, transformation and upgrading, transformation and development mode has become the turning point of the industry. The fragrance industry has a high degree of correlation with the downstream industry, high technology content, and distinctive industry characteristics. The degree of industry development reflects the comprehensive development level of the country and region in a certain sense. The "14th Five-Year Development Plan for the Fragrance and Fragrance Industry" issued by the Fragrance and Fragrance Cosmetics Industry Association pointed out that during the "14th Five-Year Plan" period, the industry will be guided by market demand and seize new product trends; with enterprises as the main body, build Large-scale production base of natural spices; broaden the scope of application, strengthen research on new uses and safety; green process transformation of traditional bulk synthetic spices; develop clean production to solve the survival crisis and development worries; promote the construction of digital and intelligent factories to create manufacturing advantages in the fragrance industry; promote park-based production and integrate the resources of small and micro enterprises in the fragrance industry; optimize the allocation of industrial resources to form the value chain of Chinese enterprises. The fragrance industry will continue to deepen the transformation and upgrading, driven by technological innovation, and comprehensively improve the quality of industry development.
Huajing Industry Research Institute has conducted a detailed analysis of the development status of China's flavor and fragrance industry, market supply and demand, etc., and conducted an in-depth analysis of the industry's upstream and downstream industrial chains, and corporate competition patterns, etc., to minimize corporate investment risks and operating costs. Improve the competitiveness of enterprises; and use a variety of data analysis techniques to predict the development trend of the industry so that enterprises can seize market opportunities in time; more details, please pay attention to the "Huajing Industry Research Institute 《2023-2029 China flavor and fragrance industry market development status and investment strategy consulting report".
