From GlobeNewswire: 2024-07-11 10:29:00

Exactitude Consultancy, the research arm of Ameliorate Digital Consultancy Private Limited, has released the final report on the Flavors & Fragrances Market. The report offers insights into growth trends, historical data, and future projections. The global market is expected to reach USD 30.89 billion by 2029, with a CAGR of 6.67% from 2022 to 2029.

Factors driving market growth include the demand for ready-to-eat meals, health foods, and technological advancements. With disposable income on the rise, the flavor industry is expected to expand, especially in emerging markets like India and China. Convenience foods are predicted to fuel growth, as they cater to busy lifestyles.

Key players in the Flavors & Fragrances market include Mane SA, Elevance Renewable Sciences, Kerry Group plc, and Givaudan SA. Recent developments include Kerry’s launch of the Tastesense™ Advanced range and IFF’s agreement to sell its Flavor Specialty Ingredients business. Market segmentation includes flavors and fragrances, with applications in various industries.

The market is expected to see significant growth in the Asia Pacific region, driven by economic development in countries like India. The report provides insights on regional market dynamics and key industry trends. It also addresses the impact of COVID-19 on the industry and offers long-term forecasts for market development.

Customers can expect detailed overviews of the Flavors & Fragrances Market, industry trends, and competitive landscapes in the report. Historical data and forecasts up to 2030 make this a valuable resource for industry professionals seeking key insights. The report offers customization options to meet specific client requirements.



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