Expansion of application drive the growth of Global Flavors & Fragrances Market

Date: 4 June 2020

Accordingto a research report published by Azoth Analytics in January 2020, the GlobalFlavors & Fragrances Market was valued at USD 28651.46 million during theyear 2019. Global Flavors & Fragrances market is expected to grow due to anumber of factors for instance growing population across the globe, increasingawareness coupled with the rising demand for healthy and nutritious products.

GlobalFlavors & Fragrances Market is primarily driven by growing urbanization, promptly improving healthconsciousness and awareness. Also, the market for Flavors & Fragrances is growingas flavor and fragrance are widely used in food and beverage market, and dailychemicals for personal care and household products, and fine fragrance andbeauty care. The key factors driving the growth of the aforementioned industryare increasing flavor and fragrance consumption. The expansion ofapplication drive the market growth and support the growth of this market overforecast period. Flavor and fragrance industry will usher in a stable growthspace.

Thepresence of various kind of flavors blends and fragrances blends in the marketis also one of the major factors fuelling the market globally. The growingtrend of consuming packaged food has pushed the growth for flavors andfragrances market. The Asia-Pacific region holds thelargest market of flavors and fragrances and is estimated that it will continueto dominate the market share in forecasted period.  

Upsurgein the popularity of products equipped with desirable customization &various attractive flavours, textures will propel the industry. Companieshaving high investment opportunity with the new edge technologies for researchand development, will likely to gain market share in the forecast period.

TheAzoth Analytics research report titled GlobalFlavors and Fragrances Market has analysed andsegmented the Flavors & Fragrances market By Value(USD Million).The report has also further analysed By Product (Flavors & Fragrances); ByEnd Use – Flavors (Beverages, Savory Foods, Dairy, Confectionery & BakeryProducts, and Others), Fragrances (Fine Fragrances, Cosmetics, Toiletries, andOthers), By Region (North America, Europe, APAC) and By Country (US,Canada, UK, Germany, France, Italy, China, Japan, India, & South Korea) forthe historical period of 2015-2019 and the forecast period of 2020-2025.