The Global Market for Flavor & Fragrances: Growth, Dynamics and Forecasts to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Flavor and Fragrances market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global flavor & fragrance market is expected to grow by 2023, at an estimated CAGR of 4.9%, during the forecast period.
The flavor and fragrance Market is expected to grow significantly in the near future. Some of the key factors such as growing demand for natural flavor and fragrance, consumer shift to high quality as well as high value products across the globe.
The growing popularity of nutritionally supplemented functional foods, low-sodium foods, and low-sugar beverages, etc. is driving the demand for flavor and fragrance to improve the taste of these food and beverages.
Stringent regulations for flavor & fragrance by different government entities is expected to restrict the growth of the market during the forecast period. On the other hand, Rapid industrialization will generate enormous market opportunities for manufacturers.
By application, beverages segment is projected to be the largest application segment of the flavor market. It is growing due to the rising demand for soft drinks, energy drinks, and other RTD beverages.
In the fragrance application segment, consumer products is projected to be the largest segment.
By source, the natural segment is expected to grow at the higher CAGR owing to the rising demand for naturally sourced flavor and fragrance.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesArcher Daniels Midland Bell Flavor & Fragrance Firmenich Frutarom Givaudan Huabao Intl. IFF Kerry Mane SA Ogawa & Co. Ltd. Robertet SA Sensient Flavor Symrise T. Hasegawa Takasago
For more information about this report visit https://www.researchandmarkets.com/research/rcnkgd/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005438/en/
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Related Topics:Food Additives
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/20/2018 11:57 AM/DISC: 08/20/2018 11:57 AM