Summary

The Europe fermented flavor and fragrance ingredients market was valued at US$ 477.82 million in 2022 and is expected to reach US$ 901.87 million by 2030; it is estimated to register a CAGR of 8.3% from 2022 to 2030.

Strategic Development Initiatives by Key Market Players Drive Europe Fermented Flavor and Fragrance Ingredients Market

Global fermented flavors and fragrance manufacturers are investing significantly in strategic development initiatives such as product innovation, merger & acquisition, partnerships, production capacity scaleup, and expansion of their businesses to attract consumers and enhance their market position. With increasing sustainability concerns and rising demand for natural and clean-label products from consumers, end-use industries are adopting natural and sustainable ingredients. Thus, manufacturers are constantly investing and innovating in the area of fermented flavors and fragrances. For instance, in April 2023, Insempra, a biology-powered company, launched its first functional ingredient, a biotechnologically produced, 100% natural "alpha-Ionone" flavor and fragrance ingredient for food and cosmetic applications. The flavor is produced via fermentation. The company also partnered with a leading natural aroma ingredients manufacturer and distributor, "Axxence Aromatic GmbH" to market its products to food and cosmetic manufacturers worldwide. Such product launches and partnerships by key market players aid in boosting the market across the globe.

To cite another instance, in May 2023, Evolva signed a multi-year agreement with an undisclosed contract manufacturing organization (CMO) to supply vanillin made by precision fermentation for use in fragrances. Such partnerships influence to increase the production capacity of the company to produce fermented flavors and fragrances. Moreover, in December 2022, Danish aroma company EvodiaBio secured US$ 6.4 million in funding for its sustainable aroma production for food and beverages. The company produces aromas for beer through precision fermentation methods. The company also claimed that this tech solution reduces water and CO2 emissions by over 90%. Thus, constant initiatives by the key players to extend their domestic reach and gain a competitive edge positively driving the market growth.

Europe Fermented Flavor and Fragrance Ingredients Market Overview

The fermented flavor and fragrance ingredients market in Europe is significantly growing owing to increasing demand for clean-label consumer goods across the region. This has led to increased demand for natural ingredients among end-use industries, including food & beverages, cosmetics, and personal care. Thus, manufacturers in the region are launching various fermented flavors and fragrances. For instance, in July 2020, BASF Nutrition & Health (a German multinational organization) and Isobionics (a Netherland-based company) launched their first fermented flavor, 'Isobionics Santalol,' which gives woody fragrance to the end products. This newly launched fragrance in BASF's portfolio is a convincing alternative to sandalwood oil. Such product innovations in the region to cater to the increasing demand among end users are expected to drive the market growth.

Moreover, corporate and consumer's rising concerns about the sustainability and environmental impact of certain flavor & fragrance ingredients such as vanilla, sandalwood, and agarwood boost the demand for fermented flavors and fragrances. Thus, manufacturers in the region have significantly invested in producing sustainable ingredients. For instance, Koninklijke DSM N.V. and BASF, Europe-based multinational companies have invested a lump sum amount of US$ 13.5 million toward the microbial production of flavor and fragrance molecules in collaboration with a company named Allylix. Such investments by manufacturers aids in boosting the fermented flavor and fragrance ingredients market growth in Europe.

Europe Fermented Flavor and Fragrance Ingredients Market Revenue and Forecast to 2030 (US$ Million)

Europe Fermented Flavor and Fragrance Ingredients Market Segmentation

The Europe fermented flavor and fragrance ingredients market is categorized into type, application, and country.

Based on type, the Europe fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held the largest Europe fermented flavor and fragrance ingredients market share in 2022.

In terms of application, the Europe fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held the largest Europe fermented flavor and fragrance ingredients market share in 2022.

By country, the Europe fermented flavor and fragrance ingredients market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. The Rest of Europe dominated the Europe fermented flavor and fragrance ingredients market share in 2022.

Jeneil Biotech Inc, Dohler GmbH, Takasago International Corp, Givaudan SA, BASF SE, Firmenich International SA, Amyris Inc, Insempra GmbH, and Evolva Holding SA are some of the leading companies operating in the Europe fermented flavor and fragrance ingredients market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners 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. Fermented Flavor and Fragrance Ingredients 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 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
4.3.5 List of Vendors in the Value Chain
5. Europe Fermented Flavor and Fragrance Ingredients Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Sustainability Concerns
5.1.2 Strategic Development Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Product Costs
5.3 Market Opportunities
5.3.1 Technological Advancements
5.4 Future Trends
5.4.1 Surging Demand for "Clean Label" and "Non-GMO" Products
5.5 Impact of Drivers and Restraints:
6. Fermented Flavor and Fragrance Ingredients Market - Europe Market Analysis
6.1 Europe Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
6.2 Europe Fermented Flavor and Fragrance Ingredients Market Forecast Analysis
7. Europe Fermented Flavor and Fragrance Ingredients Market Analysis - by Type
7.1 Fruity
7.1.1 Overview
7.1.2 Fruity: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Floral
7.2.1 Overview
7.2.2 Floral: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Woody
7.3.1 Overview
7.3.2 Woody: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Blends
7.4.1 Overview
7.4.2 Blends: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
8. Europe Fermented Flavor and Fragrance Ingredients Market Analysis - by Application
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Personal Care Products
8.2.1 Overview
8.2.2 Personal Care Products: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
8.3 Cosmetics
8.3.1 Overview
8.3.2 Cosmetics: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Europe Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9. Europe Fermented Flavor and Fragrance Ingredients Market - Country Analysis
9.1 Europe
9.1.1 Europe: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast Analysis - by Country
9.1.1.1 Europe: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast Analysis - by Country
9.1.1.2 Germany: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Germany: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.2.2 Germany: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.3 France: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 France: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.3.2 France: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.4 Italy: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Italy: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.4.2 Italy: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.5 UK: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 UK: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.5.2 UK: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.6 Spain: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Spain: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.6.2 Spain: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.7 Rest of Europe: Fermented Flavor and Fragrance Ingredients Market - Revenue and Forecast to 2030 (US$ Million)
9.1.1.7.1 Rest of Europe: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.7.2 Rest of Europe: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Jeneil Biotech Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Dohler GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Takasago International Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Givaudan SA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 BASF SE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Firmenich International SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Amyris Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Insempra GmbH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Evolva Holding SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners