Flavors And Fragrances Market Is Extrapolated To Grow, Due To High Demand From Food & Beverages Industries
Flavors And Fragrances Industry Overview The global flavors and fragrances market size is expected to reach USD 34.19 billion by 2030, growing at a CAGR of 4.3% from 2022 to 2030, as per a new report by Grand View Research, Inc. The growth is majorly driven by the mounting demand for natural products and aroma chemicals from the personal care & cosmetics products and food & beverages industries. The market is expected to acknowledge a remarkable growth during the forecast period owing to increasing demand in application industries such as toiletries, cosmetics, beverages, and food. The increasing use of flavors in the pharmaceutical, dietary supplements, and nutraceutical market is also projected to augment market growth. The health & wellness trend prevailing in the market is expected to magnify the preference for natural flavor ingredients. Flavors And Fragrances Market Segmentation Grand View Research has segmented the global flavor...