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Flavors and Fragrances Industry Report 2022, Size, Share, Trends And Forecast To 2027

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May 03, 2022 (SUPER MARKET RESEARCH via COMTEX) -- The global flavors and fragrances market size reached US$ 31.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 4.6% during 2021-2026, according to the latest report by IMARC Group.

Flavors and fragrances are widely used in order to enhance the smell and taste of a product. They are generally prepared using aroma compounds that aid in improving the aesthetic value of a particular substance. Some of the commonly utilized flavors and fragrances include sweet, woody, fruity, floral, and musky, which provide pleasing scents to various home and personal care and confectionary products. Along with this, they are also used in aromatherapy as healing scents for mental well-being and hygiene as well as for beauty and ailment treatments.

Some of the leading players operating in the market are: Givaudan SA (otcmkts:GVDNY), Firmenich SA, International Flavors & Fragrances, Inc. /zigman2/quotes/206698429/composite IFF -1.38% , Symrise AG (otcmkts:SYIEY), Wild Flavors, Inc., Takasago International Corp (tyo:4914), Mane SA, Sensient Technologies Corp. /zigman2/quotes/203464885/composite SXT +0.07% , Robertet Group (otcmkts:RBTEF), T. Hasegawa Co., Ltd. (otcmkts:HASGF), Kerry Group (otcmkts:KRYAY)

Request for a sample copy of this report: https://www.imarcgroup.com/flavors-fragrances-market/requestsample

Flavors and Fragrances Market Trends

The global market is primarily driven by the shifting lifestyle preferences of the masses. Coupled with the rising consciousness among individuals toward maintaining an appealing appearance, this is creating a positive outlook for the market. In line with this, inflating disposable income levels of the masses is also providing a boost to the market growth. Along with this, the increasing adoption of various flavor and fragrance substances across the food and beverages sector is one of the key factors driving the growth of the market.

Moreover, due to the rising health-consciousness among individuals, leading players are heavily investing in the formulation of organic flavor and fragrance variants, which is contributing to the market growth. Other factors, including the increasing popularity of aromatherapy for treating various chronic illnesses, the rising product utilization in the pharmaceutical industry and extensive research and development (R&D) activities conducted by key players to introduce diversified product variants, are also projected to drive the market further.

Browse full report with detailed TOC and list of figures and tables: https://bit.ly/3hhXnJ3

Key Market Segmentation:

Global Flavors Market:

Breakup by Product Type:

Breakup by Form:

Breakup by Application:

Breakup by Region:

/zigman2/quotes/206698429/composite
US : U.S.: NYSE
$ 119.74
-1.67 -1.38%
Volume: 388,551
June 27, 2022 1:05p
P/E Ratio
55.07
Dividend Yield
2.64%
Market Cap
$30.94 billion
Rev. per Employee
$517,375
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/zigman2/quotes/203464885/composite
US : U.S.: NYSE
$ 81.15
+0.06 +0.07%
Volume: 30,377
June 27, 2022 1:04p
P/E Ratio
27.60
Dividend Yield
2.02%
Market Cap
$3.41 billion
Rev. per Employee
$357,982
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