Market Trends

Flavors & Fragrances Market Overview: The zest of millennials to experiment and experience is leading to heavy pursuit of novel products and services.   Monotonous theme can spoil any modern market since the consumers are demanding variety in terms of aesthetic, taste, and the aroma of products. Leveraging this stride, several chemical and materials are undergoing voluminous trade serving various sectors.   Owing to this, the flavors and fragrances market is estimated to observe a growth over the forecast period due to rising demand of flavors and fragrances in several sectors such as food & beverages, pharmaceutical, cosmetic products and toiletries. The global flavors and fragrances market valued $28.2 billion as of 2018 and expected to grow at a CAGR of 4.90% during the forecast period 2019-2025. Flavors & Fragrances Market Outlook: Prominent end-user verticals in flavors market includes beverages, savory & snacks, dairy products, bakery and confectionery industry.