Some of the key companies profiled in Flavors & Fragrances Market report are Givaudan (Switzerland), International Flavors & Fragrances (US), Firmenich (Switzerland), MANE (France), Symrise (Germany), Sensient (US.), Takasago (Japan), Frutarom (Israel), Robertet (France), and T.HASEGAWA (Japan).
Download Brochure of Flavors & Fragrances Market spread across 122 Pages, Profiling 11 Companies and Supported with 91 Tables and 42 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1393966 .
The flavors & fragrances market is expected to grow from an estimated USD 21.15 billion in 2017 to USD 24.13 billion by 2022, at a CAGR of 2.67% between 2017 and 2022. Growth of flavors & fragrances market can be attributed to growing population, rapid urbanization, and increase in per capita spending on consumer products in high-growth economies, such as China, India, South Korea, and Indonesia.
Key Target Audience:
- Flavors & Fragrances Manufacturers, Dealers, and Suppliers
- Government Bodies
- Raw Material Suppliers
- Industry Associations
- Investment Banks
- Consulting Companies/Consultants in the Chemical and Material Sectors
- End-use industries
Flavors & fragrances market has been studied for Asia Pacific, Europe, North America, Middle East & Africa, & South America.
Asia Pacific largest flavors & fragrances market globally, due to the rising population, rapid urbanization, & increasing per capita incomes of consumers which enable them to buy various fast-moving consumer goods, like packaged foods, dairy products, baked goods, & beverages.
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The flavors market has been segmented into beverage, savory & snacks, bakery, dairy products, and confectionery, among others. Beverages is estimated to be the largest end-use segment of the flavors market during the forecast period.
The demand for flavors for beverages is mainly due to the growing demand for soft drinks, energy drinks, and other drinks.
1 Significant Opportunities in the Flavors & Fragrances Market (2017–2022)
2 Flavors & Fragrances Market, By Region
3 APAC Fragrances Market, By Key Country and End Use, 2016
4 Flavors & Fragrances Market Attractiveness, 2017–2022
5 Flavors Market, By End Use and Region, 2016
In addition, aspirational purchase of drink brands is also driving demand for flavors for beverages. High demand for consumer products is mainly due to rise in disposable incomes; growing urbanization; rise of organized retail chains; changing lifestyles; and increasing awareness related to hygiene and cleanliness created by advertisements, which is adding to the overall growth of the consumer products segment
Click Now for Copy of this Study “Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2022” report @ www.rnrmarketresearch.com/contacts…unt?rname=1393966 .
The flavors & fragrances market in the Middle East & Africa is projected to grow at the highest CAGR between 2017 and 2022. Economic growth in countries, such as Saudi Arabia, Iran, and Turkey, escalating population and increase in disposable incomes are making Middle East & Africa an attractive market for flavors & fragrances manufacturers.
Key Benefits of Buying the Report
- Market segmentation based on ingredients, end use, and region
- Market dynamics, including drivers, restraints, and opportunities
- Porter’s Five Forces analysis with respect to the flavors & fragrances market
- Profile of key players in the flavors & fragrances market
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