Market Insight: Global flavor and fragrance market to reach $33.14 billion by 2022

Lucintel has announced the launch of a market research report entitled “Growth Opportunities in the Global flavor and fragrance market.”
This market report for flavor and fragrance market identifies and predicts future opportunities for growth in the global flavor and fragrance industry for various segments and for the various regions of North America, Europe, Asia-Pacific, and the Rest of the World. It also identifies growth opportunities for flavor and fragrance in dairy, savory/snacks, fine fragrance, cosmetic and toiletries, and household and air care sectors
According to our market report, the global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income among the middle class, changing consumer preferences, and growing awareness among customers to buy products that contain natural ingredients.
In this market, fine fragrance, soap and detergents, cosmetics and toiletries, household and air care are the major applications of fragrance. Dairy, beverage, savory/ snacks, and confectionery/bakery are the major applications of flavor. Lucintel predicts that the demand for fragrance is likely to experience the highest growth in the forecast period, supported by growing demand in end-use applications.
Emerging trends, which have a direct impact on the dynamics of the industry, include increased use of biotic ingredients and business expansion by major players in emerging markets. et.
Some of the dominant players in the global flavour and fragrance market are Givaudan, Firmenich, IFF, Symrise AG, and Takasago, they are the major suppliers of the flavour and fragrance market.
Major applications of the fragrance are, fine fragrance, soap and detergents, cosmetics and toiletries, household and air care &, dairy, beverage, savoury/ snacks, and confectionery/bakery are the major applications of flavor. Lucintel predicts that the demand for fragrance is likely to experience the highest growth in the forecast period, supported by growing demand in end-use applications. Read More…
Feel free to download research content by clicking:

http://www.lucintel.com/flavor_and_fragrance_market_2017.aspx

Lucintel has over one thousand customers worldwide. We provide strategic growth consulting, competitive assessment, and M&A support worldwide. Please share your brief project needs by clicking below and we will be glad to support your needs:

http://www.lucintel.com/consulting_capability.aspx

Enjoy!

This entry was posted in Consumer and Retail Reports, Overview and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>