FLAVOURS & FRAGRANCES EXPO 2019 is the only focused show conceptualized exclusively for the Flavour and Fragrance Industry.
The Flavour and Fragrance market in India has flourished in the past years. The market has been dominated by the global manufacturers lured by the bright growth prospects of food, home and personal care industries in India. The surfacing of global players into the market has provided buoyancy to the flavour and fragrance industry in India.
The Indian Flavours & Fragrance market as per estimates is about 400 million US$. Similar to the international market, there is almost equal distribution of the total Indian Flavours & Fragrance market between flavours and fragrances.
The expanding product lines in the Indian fragrance market is due to significant technology advancements and growing importance towards personal grooming and appearance coupled with increasing consumer spending on beauty and wellness products has contributed to the growth of the market.
The flavour market in India has been segmented on the basis of types of applications which comprise beverages, bakery, confectionery, dairy, pharmaceuticals, tobacco and others.
The overall size of the perfume industry of India is currently estimated at Rs 2000 crore, which is projected to grow by 50% to Rs 3000 crore in the next 5 years.
As Indian consumers are increasingly turning to online shopping, the online market share of the perfume category, which is currently 7% of the total perfume market while Gujarat contributing to approximately 6% of the total perfume market in India .The perfume market is set to increase the approximately by 11% in the next 5 years.
India being the fourth largest economy in the world growing at an unprecedented rate of 9% p.a, it’s consumer market will be the World’s fifth largest by 2025. India is now a land of "incredible" business opportunities. Lower labour costs, large domestic market and macro-economic stability combine to make India a very attractive investment destination.
Considering the stupendous growth registered by the personal care, cosmetics, beauty, fine fragrances and deos, aircare and household care markets etc the fragrance sector has never had it better. Aromatherapy is a burgeoning area for both the health and wellness market and essential oil industry in India. The Wellness sector also includes nutrition and nutraceutical products where the increasing function of ‘Flavours’ is known.
Exhibiting at FLAVOURS & FRAGRANCES EXPO 2019 will help you tap this exciting market, secure deals and generate more sales leads while enhancing your brand image.