There are many fine categories of spices and fragrances, and the industry has good development prospects.

Spices refer to natural or synthetic substances that can stimulate the olfactory organs and cause pleasure. Essence is an artificially prepared mixture containing two or more or even dozens of spices (sometimes also containing suitable solvents or carriers) with a certain aroma.

After certain development, the fragrance and flavor industry has derived many subcategories. Taking flavors as an example, according to the fragrance type, it can be divided into floral type (rose, clove), fruity type (strawberry, cherry, grape), wine type (fresh type, rum type), tobacco type ( Peach, mint) and food flavors (vanilla, chocolate); according to their uses, they can be divided into food flavors, daily flavors, tobacco flavors and other flavors. Food flavors are further divided into food flavors, feed flavors, and tobacco flavors. It is further divided into surface flavor and additive flavor; according to the form, it can be divided into liquid flavor and powder flavor. Liquid flavor is further divided into oil-soluble flavor, water-soluble flavor and emulsified flavor.

According to the “Fragrance and Fragrance Industry Development Prospects and Investment Strategic Planning Analysis Report 2023-2027” released by the Industrial Research Center, the fragrance and flavor industry The upstream of the industrial chain is mainly the supply of raw materials and production equipment, including spice plant cultivation, chemical machinery, etc.; the midstream of the industrial chain refers to the production of flavors and fragrances; flavors and fragrances are closely related to other industries, and the downstream of the industrial chain involves There is a large market demand in food, daily chemicals, tobacco, medicine, feed, cosmetics and other fields. In 2023, China’s spices and flavors market is expected to exceed 50 billion yuan.

Driven by market dividends, domestic and foreign companies have entered the spices and flavors market one after another, and domestic spices and flavors production continues to rise. The output of China’s flavors and fragrances industry in 2022 will be approximately 560,000 tons, a year-on-year increase of approximately 3%. However, due to the long development time and relatively advanced technology of foreign companies, they occupy a favorable position in the domestic high-end fragrance and flavor market. Although my country has abundant botanical natural spice resources, due to the lack of processing and extraction technology of domestic enterprises, the production technology is relatively backward, the innovation and research and development capabilities are low, and the utilization rate of spice raw materials is not high, mainly concentrated in the middle and low-end markets.

With the improvement of the national economy, consumers’ spending on mid-to-high-end spices and flavors continues to increase, and the demand for personalized products continues to increase. In addition, the production technology of spices and flavors continues to improve, and related companies continue to grow and develop. The development prospects of the domestic spices and flavors industry are good. .

Industry analysts said that as consumables with a wide range of applications, flavors and fragrances have a large market demand. With the improvement of national living standards, , has also put forward new requirements for fragrance and flavor products. Domestic production companies need to continuously improve production processes, develop new products and new fragrance styles, meet the diverse and personalized needs of consumers, enter the high-end market, and improve their core competitiveness.