Chicago, June 20, 2022 (GLOBE NEWSWIRE) — According to the new market research report “Flavors & Fragrances Market by Ingredients (Natural, Synthetic), End use (Beverage, Savory & Snacks, Bakery, Dairy Products, Confectionery, Consumer Products, Fine Fragrances), and Region (Asia Pacific, North America, Europe) – Global Forecast to 2026″, the flavors & fragrances market size is estimated to be USD 29.0 billion in 2021 and is projected to reach USD 37.3 billion by 2026, at a CAGR of 5.1% between 2021 and 2026.
Flavors and fragrances are compounds used to enhance the characteristics of end-use products in the food & beverage, pharmaceutical, consumer products, and cosmetic industries. Flavors are used in a wide range of products that include bakery, snacks, confectionery, meat, poultry, seafood, and others. Whereas, fragrances are used in perfumes, soaps, shower gels, cosmetics products, air fresheners, dishwashers, surface cleaners, and laundry detergents, among others.
The synthetic ingredient segment accounted for a larger share, in terms of value, in 2020. This is backed by its growing usage in various end-use products. However, natural ingredient is projected to record a higher growth rate between 2021 and 2026.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=175163912
Browse in-depth TOC on “Flavors & Fragrances Market”
237 – Tables
56 – Figures
258 – Pages
Scope of Flavors & Fragrances Market Report
