Development overview and prospect forecast of China's flavor and fragrance industry in 2021
China Business Intelligence Network News: Spices and flavors are products that integrate "high, refined and new" technologies with the development of modern industry. Among them, spice is a substance that can be smelled by the sense of smell or tasted by the sense of taste in the original ecology of nature. It is the main raw material for the preparation of flavors. According to the source, it is mainly divided into two categories: natural flavors and synthetic flavors; Aromatic mixtures prepared from a variety of spices, solvents or carriers and other excipients are usually directly used to increase the aroma and aroma of various end products.
1. Classification of flavors and fragrances
(1) Classification according to the source of spices
The sources of spices are extremely wide, mainly divided into two categories: natural spices and synthetic spices. Natural flavors include natural plant flavors and natural animal flavors.
(2) Classification according to the role of spices in flavors
From the role of spices in essences, spices can be divided into five categories: main fragrances, and fragrances, modifiers, fixatives and fragrances.
2. Industry Development Overview
The flavor and fragrance industry is an important raw material supporting industry for the food, daily chemical, tobacco, medicine, feed and other industries in the national economy. It is closely related to the improvement of people's living standards and the development of downstream industries, and is indispensable for high-quality life in modern society. important raw material.
(1) Market size and trend of China's flavor and fragrance industry
In recent years, with the rapid development of China's economy, the scale of downstream industries such as daily chemical industry, food industry, and pharmaceutical industry has continued to expand. As a supporting industry, my country's flavor and fragrance industry has also shown a sustained and stable development trend. At the same time, the improvement of residents' living standards and the upgrading of consumption structure also provide a broad market space for the development of the industry.
From 2016 to 2019, the compound growth rate of the national flavor and fragrance market scale was 4.38%, showing a good development trend. In the future, under the environment of my country's continuous economic growth, rapid development of downstream industries and continuous expansion of internal demand, the flavor and fragrance industry will usher in a new round of growth period. It is estimated that by 2021, the sales volume of my country's flavor and fragrance industry will reach 7.748 billion US dollars.
(2) Changes in the output of China's flavor and fragrance industry
Since 2016, with the national economic recovery and the continuous expansion of downstream industries such as the daily chemical industry and the food industry, the output of flavors and fragrances has expanded year by year. During the period from 2016 to 2019, the compound growth rate of the national output of flavor and fragrance products was 5.23%, and the development momentum was good. It is expected that the output of flavors and fragrances will reach 2018 tons in 2021.
3. The correlation between upstream and downstream of the industry
(1) Overview of the upstream industry
China is a country with large natural plant resources, with abundant fir and pine resources, which can meet the production needs of products in the long run. In the short term, its market price is greatly affected by changes in supply and demand, environmental protection policies, labor costs and other factors. Most of the chemical raw materials are bulk commodities. The industry is mature and the supply of raw materials is sufficient. Its market price is greatly affected by factors such as supply and demand, international oil prices, etc. The large fluctuations in international oil prices will affect the market prices of related raw materials to a certain extent, and then affect the fragrance and essence industry. direct material costs.
(2) Situation of downstream industries
The fragrances produced in China are mainly used in the daily chemical industries such as cosmetics and detergents that are closely related to people's lives. The volume will continue to grow steadily.
4, Industry prospect forecast analysis
(1) Industrial policy support
The flavor and fragrance industry is an important raw material supporting industry for the food, daily chemical, tobacco and other industries in the national economy, and is closely related to the improvement of residents' living standards and the promotion of consumption transformation and upgrading. The "Administrative Measures for the Recognition of High-tech Enterprises" (Guo Ke Fa Wen  No. 172) issued by the Ministry of Finance, the State Administration of Taxation and the Ministry of Science and Technology, for the first time, listed "separation and extraction technology of active ingredients of natural products" as a high-tech enterprise supported by the state. In the technical field, it has provided policy support for the finishing of natural flavors. At the same time, the "Industrial Structure Adjustment Guidance Catalogue (2019)" clearly proposes that "52. Pine resin forest construction, forest chemical deep processing" under "1. Agriculture and forestry" and "27. "Development and Production of New Technology of Natural Food Additives and Natural Flavor", included in the "First Class Encouraged Category"
(2) Abundant raw material resources
China is currently the largest producer of natural spices, with complete varieties of natural spices, abundant resources and wide geographical distribution. The rich pine and fir resources provide a unique resource base for the development of bio-sourced synthetic spices in my country. In the long run, with the gradual strengthening of the protection of forestry resources by the government, the continuous optimization of fat harvesting technology, and the continuous expansion of artificial planting scale, it can meet the growing demand for raw materials.
(3) Steady growth in downstream market demand
The downstream industry has a great traction and driving effect on the development of the industry, and changes in its demand directly affect the future development of the industry. In recent years, with the continuous development of the economy, the level of per capita income has been continuously improved, and the growing consumer demand has made the downstream daily chemical industry and the food industry continue to expand, providing a broad market space for the development of this industry.