The Flavors & Fragrances Market is expected to reach USD 31.38 Billion by 2026, according to a new report by Reports and Data. Accelerated growth in industrialization over the globe has led to the increase of extensive production of flavored or scented products such as soaps, household cleaners, processed food and beverages, detergents, personal care products, and oral hygiene products. Moreover, the increasing demand for natural ingredients across a massive number of consumers could encourage the application in the flavors and fragrances market.
Increasing approval of flavors in nutraceuticals, pharmaceuticals, and dietary supplements are also predicted to expand the market soon. Natural fragrances are supposed to be healthier, therapeutic, and safe. Manufacturers sometimes impose a green premium on products produced using natural aromas. Growing awareness concerning health and wellness is expected to increase the adoption of natural flavor ingredients during the forecast period.
North America accounted for a market share of 27.3% in 2018. The market is expected to expand in this region owing to enhanced demand for the products from cosmetics, personal care, oral care, home care, therapy, and air freshener products.
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The Key players in the Flavors & Fragrances Market include:
Agilex Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
ABedoukian Research Inc.
Further key findings from the report suggest
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For the purpose of this study, Reports and Data have segmented the market on the basis of Product Type, Raw Material, End User, and region:
Segments covered in the report:
Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)
Raw Material Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)
End User Outlook (Volume, Kilo Tons; and Revenue, USD Billion ; 2016-2026)
Regional Outlook (Volume, Square Meters; and Revenue, USD Billion ; 2016-2026)
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Key Questions Answered in the Report:
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