Flavors And Fragrances Industry anticipated to grow at a CAGR of 5.4% from 2024 to 2030
Flavors And Fragrances Industry Overview The global flavors and fragrances market size was estimated at USD 30.61 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. The market is anticipated to be driven by rising demand and consumption of processed food and personal care & cosmetic products globally. Rising disposable income in emerging economies like India and China coupled with population growth, is expected to augment demand for personal care and cosmetic products in industry. In addition, busy lifestyle pattern upheld in developing as well as developed countries is anticipated to augment demand for processed foods & beverages, thereby increasing demand for flavors. Gather more insights about the market drivers, restrains and growth of the Flavors And Fragrances Market Natural fragrances and flavors are costly due to their processing; and because of limited resources, industry players have dev...