Flavors and Fragrances Market in Latin America 2015-2019
About flavors and fragrances
Flavors and fragrances are a class of compounds comprising esters, alcohol, acids, lactones, aldehydes, and ketones. These are derived from natural and synthetic sources, and are used to enhance the appeal of consumer products, and food and beverages. The flavors and fragrances market in Latin America consists of flavor blends, fragrance blends, essential oils, and aromatic chemicals. The formulations of flavors and fragrances involve mixing and blending of different ingredients.
Technavio's analysts forecast the flavors and fragrances market in Latin America to grow at a CAGR of 5.92% over the period 2014-2019.
Covered in this report
This report covers the present market conditions and the growth prospects of the flavors and fragrances market in Latin America for the period 2015-2019. The report talks about the various leading vendors of flavors and fragrances. It also highlights the vendor landscape and a corresponding detailed analysis of the top seven vendors in the flavors and fragrances market. The market segmentation is done on the basis of following:
Technavio Announces the Publication of its Research Report – Flavors and Fragrances Market in Latin America 2015-2019
Technavio recognizes the following companies as the key players in the Flavors and Fragrances Market in Latin America: Firmenich, Givaudan, IFF, Mane, Symrise, Takasago and WILD
Other Prominent Vendors in the market are: Agilex Flavors & Fragrances, Aromatech, BASF, Bedoukian Research, Bell Flavors & Fragrances, Comax Flavors, Flavorchem, ICC Industries, Kao, Kerry Group and T. Hasegawa
Commenting on the report, an analyst from Technavio’s team said: “The market is likely to grow at a moderate rate because of certain emerging trends. One such trend is the increasing demand for natural flavors. The use of high-quality and innovative flavors in the flavored beverages sector and the increasing demand for multifunctional flavors will propel market growth during the forecast period.”
According to the report, Drivers like increased investment by companies and consolidation of manufacturers will lead to market growth during the forecast period
Further, the report states that the growth of the market is curtailed by challenges like fluctuation in the price of raw materials used in the flavors and fragrances industry and high R&D costs.
Firmenich, Givaudan, IFF, Mane, Symrise, Takasago, WILD, Agilex Flavors & Fragrances, Aromatech, BASF, Bedoukian Research, Bell Flavors & Fragrances, Comax Flavors, Flavorchem, ICC Industries, Kao, Kerry Group, T. Hasegawa
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