The flavor and fragrance industry is a sub-industry of specialty chemicals. This paragraph combs the characteristics of the flavor and fragrance industry chain and finds that the synthetic fragrance industry has a diversified product structure that can meet differentiated needs and has high customer stickiness; the industry has high synthetic process barriers and has It is an excellent track to help the formation of an oligopoly structure.

Product introduction: mainly synthetic flavors and fragrances, rich in variety

The product structure of the Kingdom of Flavors and Fragrances is diversified. Perfume is a compound that can bring fragrance, and it is the raw material used to formulate flavor, while flavor is a mixture obtained by mixing a variety of spices, and the relationship between the two is inseparable. Flavor and fragrance products are widely used in food, daily chemicals, tobacco and other fields. After hundreds of years of development, the world has formed a complete industrial chain for the production of flavors and fragrances from plant, animal extracts and petrochemical raw materials. According to the source, fragrances are divided into natural fragrances and synthetic fragrances.

Natural fragrances: including plant fragrances (citronella essential oil, lemon essential oil, rose essential oil, etc.) and animal fragrances (ambergris, castoreum, civet fragrance, etc.). Natural fragrances have limited sources of raw materials and higher prices, but they are closer to natural fragrances .

Synthetic perfume: It is synthesized from basic petrochemical products (benzene, toluene, isoprene, etc.), with a wide range of raw materials and low production costs.

The fragrance can be obtained after being blended by the perfumer, which can be applied to the end consumer market. According to different usage scenarios, flavors can also be divided into edible flavors, daily chemical flavors, and so on.