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Flavors & Fragrances Market Worth 24.13 Billion USD by 2022

 



(Food-Beverage-News.Com, May 15, 2019 ) The report "Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2022" published by MarketsandMarkets™, the global Flavors & Fragrances Market is estimated at USD 21.15 Billion in 2017 and is projected to reach USD 24.13 Billion by 2022, at a CAGR of 2.67% from 2017 to 2022. Increase in demand for flavors & fragrances from end-use segments, such as beverage, savory & snacks, bakery, dairy products, confectionery, consumer products, and fine fragrances among others, is mainly due to rise in disposable incomes of consumers, growing awareness among populations about ingredients used and increase in consumption of fast moving consumer goods, such as ready-to-eat food, convenience food, home care and personal care products, which is driving demand in the Flavors & Fragrances Market.

Request for PDF Sample Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175163912

Natural ingredients are projected to grow at the highest CAGR during the forecast period

The Flavors & Fragrances Market has been segmented on the basis of ingredients into synthetic and natural. The natural ingredients segment is projected to grow at the highest CAGR during the forecast period. Natural ingredients are extracted from plants and animal sources. Increasing availability of natural ingredients and rising awareness among consumers towards healthier lifestyles are the major factors driving the market for natural ingredients.

Beverages end-use segment is expected to lead the flavors market during the forecast period

Beverages was the largest end-use segment of the flavors market in 2016. This end-use segment is projected to drive the flavors market from 2017 to 2022 due to the changing lifestyles and rise in consumer spending on soft drinks, and sports drinks in emerging countries, such as India, China, Brazil, and South Africa, among others. In addition, increasing demand for dietary drinks owing to the rising percentage of health-conscious individuals in countries such as the US, the UK, Germany, France, and Japan is also expected to drive the demand for flavors in beverages.

Don't miss out on business opportunities in Flavors & Fragrances Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=175163912

Browse in-depth TOC on "Flavors & Fragrances Market"
91 - Tables
42 - Figures
122 - Pages

Asia Pacific is expected to be the largest market for flavors & fragrances during the forecast period

The Flavors & Fragrances Market has been studied for five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific is projected to be the largest Flavors & Fragrances Market during the forecast period due to the growing population and rapid urbanization. Increase in per capita spending on consumer products in high-growth economies, such as China, India, South Korea, and Indonesia is also expected to drive the Flavors & Fragrances Market in the Asia Pacific.

Some of the key players in the Flavors & Fragrances Market include Givaudan (Switzerland), International Flavors & Fragrances, Inc. (US), Firmenich (Switzerland), MANE (France), Symrise (Germany), Sensient (US), Takasago (Japan), Frutarom (Israel), Robertet (France), and T.HASEGAWA (Japan).

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com
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