Growth Opportunities in the Global Flavor and Fragrance Market
The future of the global flavor and fragrance market looks good with opportunities in flavor andfragrance products, such as dairy, savory/snacks, fine fragrance, cosmetic and toiletries, andhousehold and air care. The global flavor and fragrance market is forecast to grow at a CAGR of4.2% from 2017 to 2022. The major drivers of growth for this market are increasing disposableincome among middle class, changing consumer preferences, and growing awareness amongcustomers to buy products that contain natural ingredients.
In this market, fine fragrance, soap and detergents, cosmetics and toiletries, household and aircare are the major applications of fragrance. Dairy, beverage, savory/ snacks, andconfectionery/bakery are the major applications of flavor. Lucintel predicts that the demand forfragrance is likely to experience the highest growth in the forecast period, supported by growingdemand in end use applications.
Within the global flavor market, the beverage application is likely to remain the largest segmentduring the forecast period, while soap & detergents is likely to be the largest segment for thefragrance market.
For business expansion, the report suggests innovation and new product development to produceready-made active ingredients that provide solutions for skin care applications. The report furthersuggests the development of partnerships with customers to create win-win situations and thedevelopment of low-cost products for customers.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following:
Market size estimates: Growth opportunities in the global flavor and fragrance market interms of value ($B) shipment
Trend and forecast analysis: Global flavor and fragrance market trend (2011-2016) andforecast (2017-2022) by region and segment
Segmentation analysis: Global flavor and fragrance market size from 2011 to 2022 byproduct type, application type, raw material type, and country type as follows:
Global flavor and fragrance market size by product type: