香料香精火爆飙升！四大国际巨头赚翻了？本土企业蜂拥上市？

Group 1 - The four major flavor and fragrance companies, DSM-Firmenich, Givaudan, IFF, and Symrise, reported strong financial performance in the first half of 2024, with total revenue exceeding 47.5 billion yuan [1][6][8] - Anhui Zhongcao Flavor Co., Ltd. successfully went public, indicating a surge in IPO activity among domestic flavor and fragrance companies [11][13] - Synthetic biology is gradually being integrated into the flavor and fragrance industry, potentially addressing issues such as raw material shortages, impure flavor profiles, and environmental pollution [3][17][19] Group 2 - The global flavor and fragrance market is highly competitive, with the four major companies holding approximately 50% of the market share, creating a monopolistic competition landscape [1][35][37] - The domestic flavor and fragrance industry in China is characterized by low concentration, with a focus on differentiation and niche markets [24][28] - The market size of China's flavor and fragrance industry is projected to reach 43.9 billion yuan, driven by industrialization and market demand [24][25] Group 3 - The online sales of perfume and fragrance products reached 17.963 billion yuan from August 2023 to August 2024, showing a year-on-year growth of 7.11% [2] - The demand for flavor and fragrance products is expected to grow significantly, with the Chinese fragrance market projected to reach 44 billion yuan by 2028 [25][28] - The trend of "self-care consumption" is emerging, with consumers increasingly seeking emotional value from fragrance products [46][49]