2020 Global and China flavor industry market prospect survey and future trend forecast

Spices, also known as incense materials, are substances that can be smelled or tasted by people and are often used as raw materials for the preparation of flavors. In general, the vast majority of spices can not be directly used as flavoring substances for products, and a variety of spices are needed to prepare flavors, which are then used as flavoring products. Spices are divided into natural spices and artificial spices, and natural spices can be divided into animal natural spices and plant natural spices. The main varieties of animal natural fragrances are musk, castoreum, ambergris and civette. The main varieties of plant natural spices are essential oils, tinctures, pure oils, extrusions, etc., which are processed and extracted from certain organs of plants containing aroma components.

With the continuous development of flavor and fragrance industry, flavor and fragrance have covered all aspects of people's lives, and their safety issues have gradually attracted people's attention. In general, whether a flavor can cause skin allergies depends on the chemical structure of the flavor, because many flavor raw materials have some toxic substances in their own components, and the deployment of the flavor is only a physical process, as long as the raw material is safe, it can ensure the safety of the flavor. In addition, it also depends on the amount of flavor, the harm of flavor is a cumulative process, only more than a certain amount of use will cause allergies, so when adding flavor, to strictly control the critical amount of flavor.

Domestic and foreign sales: spices are the raw materials for the deployment of flavor, flavor is a special product closely related to human social life, known as "industrial monosodium glutamate" said, with the economic development of countries in the world, especially developed countries, the continuous improvement of living standards, people's quality requirements for food, daily necessities are getting higher and higher, promoting the growth of the flavor industry.

Analysis of sales status of global flavor and fragrance industry from 2007 to 2019

Statistics: CICC Qixin International Consulting

According to the "2020-2026 China Flavor and fragrance market development strategy and investment potential feasibility forecast Report" released by CICC Qixin International Consulting statistics show that in 2015 China flavor and fragrance sales of 44.9 billion yuan, increased to 69.3%. In 2019, the annual sales of the product was 44.9 billion yuan, an increase of 11.05 billion yuan over 2015, an increase of 32.6% year-on-year. With the upgrading of residents' consumption structure and the improvement of living standards, while pursuing health, nutrition and hygiene, they are gradually seeking fashion and novelty in taste, and the market demand for flavors and fragrances will show a rapid growth trend.

Sales analysis of fragrance industry in China from 2005 to 2019

Statistics: CICC Qixin International Consulting

Flavor and fragrance production: With the continuous improvement of the quality of China's flavor products, the increasing variety of product quality continues to improve, product output and sales are rising year by year, and the scale of enterprises continues to expand. Its advantages mainly include HUABAO, Givaudan Givaudan, APPLE, Firmenich, IFF, BOTON Boton, Symrise De Zhixin, BAIRUN, Jiuzhu and so on. In 2019, China's production of flavors and fragrances was about 1,850 tons, an increase of 59 tons over last year, an increase of 3.3%.

Analysis of production status of flavors and fragrances in China from 2011 to 2019

Statistics: CICC Qixin International Consulting

Downstream industry and development prospects: The fragrance and fragrance industry chain is composed of the upstream aroma raw material industry, the midstream flavor industry, and the downstream consumer goods manufacturing industry, of which the aroma raw material industry and the flavor industry belong to the field of fine chemical industry, and the combination of the two constitutes the commonly referred to as the flavor and fragrance industry. In food, beverage, daily chemical, tobacco, pharmaceutical, textile, feed, leather and many other industries, fragrance has a wide range of applications, the production of perfume is directly dependent on fragrance, without flavor there is no modern urban life.

(1) Food and beverage industry: With the rapid progress of China's urbanization process, people's dietary structure demand has undergone great changes, modern fast-paced lifestyle, led to the rapid growth of pre-packaged food demand, thus promoting the development of flavor. For example, sweet flavor can be used for beverages, dairy products, cold drinks, chocolate, chewing gum, candy, baking, etc. Savoury flavor can be used in snacks, soups, sauces, gravy, condiments, marinades and other fields. Modern urban food life has been unable to leave the use of flavor.

With the continuous expansion of the market demand for beverage products, it will further promote the incremental demand for flavor, and provide a broad market space for the domestic flavor industry.

(2) Daily chemical industry: The application of flavor in the daily chemical industry is mainly for perfume, cosmetics, detergents, toiletries and industrial products to add fragrance and correction. The main purpose is to let consumers in the process of using these products can smell comfortable and appropriate aroma, of which the use of flavor is small, but the role is pivotal. For example, the level of perfume directly determines the quality of the perfume.

In recent years, the consumption of domestic daily chemical industry has increased steadily. With the continuous pursuit of consumers for a better life, the growth potential of the daily chemical industry is huge, which provides a good opportunity for the development of daily flavor.

(3) Tobacco industry: the aroma and taste of cigarettes mainly depend on the type and quality of tobacco leaves used. Different batches of tobacco leaves in cigarette production often change the quality due to various factors, even if the same batch of tobacco leaves are stored for different times, they will also change the flavor due to biochemical reactions such as fermentation. In order to maintain the stable aroma and absorption of cigarettes, on the one hand, it is necessary to adjust the leaf composition and use more suitable tobacco materials; On the other hand, the difference between different grades of tobacco leaves should be eliminated by feeding and flavoring, and the quality of cigarettes should be maintained. At the same time, the use of flavor can also give the brand cigarette characteristic aroma, which helps to improve the grade of cigarettes. Therefore, how to adjust the formula of leaf group and use flavor and flavoring is the core technology of major cigarette manufacturers. Because of its unique function, flavor has become an essential auxiliary material in the production process of cigarettes.

At present, due to the macroeconomic environment, the domestic tobacco control situation and the tobacco industry tax and price policy, the tobacco industry sales revenue growth gradually declined, the market capacity tends to saturation; Competition among cigarette brands is also becoming increasingly fierce. In order to improve the quality of cigarettes and better meet the needs of consumers, major cigarette manufacturers will pay more attention to the application of flavor in cigarette production.