Fragrance and Flavors are a combination of natural and synthetic ingredients added in the packaged foods and consumer goods to create taste and smell. These chemicals are added in from toothpaste, foods, and pharmaceuticals to household products. Several factors are contributing for the increase in demand for flavor and fragrance market such as the growth and industrialization of the globally economy leading to large scale production of these chemicals which makes these flavored and scented products affordable and rising per capita income in developing countries is generating demand for processed foods and beverages like oral hygiene products detergents and personal care products. The worldwide demand for the Flavor and Fragrance chemicals are expected to grow at a CAGR of 5.1% from 2016 to 2021.
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The developing regions of Asia Pacific, Central and South America and MEA are projected to post higher growth compared to developed regions as most of the applications market in developed regions is pretty mature.
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This research report on Flavor and Fragrances market provides in-depth analysis of the global market based on Flavor and Fragrances ingredient types, by application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers driving the growth and also, challenges faced by market participants. The research report provides market size and forecast for all the market segments and verticals markets till 2021. The report also analyzes the competitive landscape, major players and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
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The report also profiles the major companies active in this field, including Givaudan SA, Firmenich International SA, IFF, Symrise, Takasago, Wild Flavors, Mane SA, Frutarom, Sensient Flavors, Sensient Flavors, Robertet SA, T. Hasegawa and Huabao Intl.
Global Flavor and Fragrances market competitive landscape
- Major Players and their Market Share Analysis
- New product launches
- Mergers and acquisitions
- Collaborations, partnerships, agreements and joint ventures
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