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Description
The global flavors and fragrances ingredient market size valued USD 30,052 million growing at a CAGR of 4.0% during the forecast period 2021-2027. Flavours and fragrances are intense preparations which are added to the food products in order to impart a characteristic taste of choice, to maintain the flavour after processing, to modify an already existing flavour, and to guise some undesirable flavour to increase consumer acceptance. Sweets, few dairy products, soft drinks, confectioneries include various flavours in their formulations to achieve a good taste and consumer acceptance. Rising growth in the food and beverage industry, technological advancements in procedures of flavour and fragrances and growing trends in health and wellness are witnessed to accelerate the growth of the market globally. Furthermore, introduction of functional food products, growing demand for authentic flavours in various end user industries like dairy, frozen products are witnessed to unlock the potential of the market. On the other hand, strict government regulations regarding preparation of flavours, side effects regarding usage of synthetic flavours are expected to dampen the market growth of the market.
