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Global Flavor and Fragrance Market 2017-2022: Trends, Forecast, and Opportunity Analysis 1
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Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Favor and fragrance Market Segments by Application Dairy, savory/snacks, confectionery/bakery, beverage, fine fragrance, cosmetic and toiletry, soaps and detergents, household and air care, and others. Market Segments by Raw Material Aroma chemical and essential oils Market Segments by Region North America, Europe, Asia Pacific and Rest of the World Top Companies NameGivaudan, Firmenich, IFF, Symrise AG, and Takasago Trend Growth Rate and CAGR4.2% Key Industry Forecast The global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. Key Industry Driver Driver: Increasing disposable income among middle class, changing consumer preferences, and growing awareness among customers to buy products that contain natural ingredients. 2
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Industry Overview Market Size The global flavor and fragrance market is forecast to grow at a CAGR of 4.2% from 2017 to 2022. Emerging trends, which have a direct impact on the dynamics of the flavor and fragrance industry, include increased use of biotic ingredients and business expansion by major players in emerging markets. CAGR (2017-22)4.2% 3 Industry Performance : Forecast
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