Flavors and Fragrances Market Size and Growth Forecast Report 2020

1. Market Overview: The flavor and fragrance market was worth USD 21.55 billion in 2020 and is estimated to reach USD 24.83 billion in 2025, with a CAGR of 2.67% over the assessment period. The call for flavor and fragrances has majorly escalated as it is a significant component in different packaged and customer goods. Adding fragrance into various products offers a fresh smell that can either be of a variety of flowers to fruits and essential oils. In the future, the flavor and fragrance market is estimated to expand at a fast rate. The call for flavor and fragrance is more in toiletries, food and beverages, perfumes, cosmetics, and household products. Market drivers and restraints: Fast expansion in industrialization across the globe has led to the development of massive production of scented or flavored products like processed food and beverages, soaps, personal care products, detergents, household cleaners, and oral hygiene products. Furthermore, increasing call for natural ingredients across a large number of customers could drive the demand for flavors and fragrances market. The increase in the middle-class population in developing economies also contributed to the expansion of this market. On the other hand, fluctuating prices of raw material are estimated to deter this market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/flavors-and-fragrances-market Report segmented as: By product: fragrance blends flavor blends aroma chemicals By end use: dairy segment beverages savory confectionery bakery segments Geographical analysis: On the basis of geography, the global flavors and fragrances market is segmented into Europe, North America, Middle East and Africa, Latin America, and Asia Pacific. Among these regions, the Asia Pacific held highest share in terms of revenue in 2020. Growing economic development in countries like China and India are considered responsible for the lead of Asia Pacific. Important market players:

2. Givaudan SA, Symrise AG, Firmenich SA, Agilex Flavors & Fragrances, Inc., International Flavors & Fragrances, Inc., Aromatech SAS, and Bedoukian Research, Inc. are some of the major players of the flavor and fragrances market. View a sample and decide: https://www.marketdataforecast.com/market-reports/flavors-and-fragrances-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/