Fragrance andFlavors are a combination of natural and syntheticingredients added in the packaged foods and consumer goods to create taste andsmell. These chemicals are added in from toothpaste, foods, and pharmaceuticalsto household products. Several factors are contributing for the increase indemand for flavor and fragrance market such as the growth and industrializationof the globally economy leading to large scale production of these chemicalswhich makes these flavored and scented products affordable and rising per capitaincome in developing countries is generating demand for processed foods andbeverages like oral hygiene products detergents and personal care products. Theworldwide demand for the Flavor and Fragrance chemicals are expected to grow ata CAGR of 5.1% from 2016 to 2021.
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The developing regions of Asia Pacific, Centraland South America and MEA are projected to post higher growth compared todeveloped regions as most of the applications market in developed regions ispretty mature.
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This research report on Flavor and Fragrances market providesin-depth analysis of the global market based on Flavor and Fragrancesingredient types, by application and major geographies for the period from 2016to 2021. The report highlights the major market drivers driving the growth andalso, challenges faced by market participants. The research report providesmarket size and forecast for all the market segments and verticals markets till2021. The report also analyzes the competitive landscape, major players andtheir market share in 2016. The competitive landscape section of the reportalso captures and highlights the recent development in the market.
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The report also profiles the major companies active in thisfield, including Givaudan SA, Firmenich International SA, IFF, Symrise,Takasago, Wild Flavors, Mane SA, Frutarom, Sensient Flavors, Sensient Flavors,Robertet SA, T. Hasegawa and Huabao Intl.
Global Flavor and Fragrances market competitivelandscape
• MajorPlayers and their Market Share Analysis
• Newproduct launches
• Mergersand acquisitions
• Collaborations,partnerships, agreements and joint ventures
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