2021 is the first year of the 14th Five-Year Plan. As an important raw material supporting industry for food, daily chemicals, tobacco, cosmetics, medicine, feed and other industries in the national economy, spices and flavors are an important material basis for ensuring the implementation of major national strategies and economic and social development.
The 14th Five-Year Plan and the Vision Goals for 2035 clearly stated: "Focus on the needs of industrial transformation and upgrading and residents' consumption upgrading, and lead and create new demands with innovation-driven, high-quality supply". Under the "dual circulation" pattern, the development of my country's spices and flavors industry has entered a major strategic opportunity period. The product diversification development of downstream industries such as the daily chemical industry, food industry, and pharmaceutical industry, as well as the trend of national consumption towards green, healthy and safe development, have put forward higher requirements for the output and quality of spices and flavors. Breaking through the key core technologies of imitation and creation of fragrances, accelerating the upgrading of special equipment such as extraction and testing, further improving the level of product functional customization, and building a stable coordination of the industrial chain and supply chain have become important factors restricting the development of the spices and flavors industry.
With the introduction of a series of national policy documents, my country's spices and flavors industry has made great progress in terms of product quantity, technological innovation and production scale, showing a good development trend.
According to data from China Industry Information Network, China's flavor and fragrance production in 2019 was about 1.267 million tons, and in 2020 it was about 1.356 million tons, a year-on-year increase of 7%. The industry sales volume was about 45.9 billion yuan, a year-on-year increase of 2.3%. The downstream consumption structure is mainly in the fields of food and beverage, daily chemical cleaning, tobacco, pharmaceutical industry, textile and leather.
In the future, with the continuous growth of my country's economy, the rapid development of downstream industries, and the continuous expansion of internal demand, the flavor and fragrance industry will usher in a new round of growth.
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