The Flavors and Fragrances Market is expected to witness significant growth
The global Flavors And Fragrances Market size was valued at $28.1 billion in 2019, and is projected to reach $35.9 billion by 2027, registering a CAGR of 4.7% from 2021 to 2027.Natural flavors have the potential to change the business landscape in the overall Flavors and Fragrances Market. Natural flavors have the potential to change the business landscape in the overall Flavors and Fragrances Market.
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The key players profiled in the flavors and fragrance industry report includes Firmenich SA, Frutarom Industries Ltd., Givaudan International SA, Huabao International Holdings Limited, Kerry Group, PLC, Robertet SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, Symrise AG and International Flavors &Fragrances, Inc.
Key findings of the study
By type, the flavors segment dominated the global market in 2019, and is expected to retain its dominance throughout the Flavors and Fragrances Market forecast period.
By nature, the syntheticsegment led the global Flavors and Fragrances Market demand in 2019, and is expected to retain its dominance throughout the forecast period.
By application, the food & beveragessegment dominated the global market in 2019, and is expected to retain its dominance throughout the forecast period.
By region, Asia-Pacific accounted for the highest flavors and fragrancemarket share in 2019, and is expected to grow at a CAGR of 6.6%.
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