Of Scents & Tastes
In an interview, Kedar Vaze with Chemical Today Magazine opens up about the growth prospects that flavours & fragrances industry holds and how natural ingredients will rule the roost in the future.
By Debarati Das
Global trends in the flavours industry.
The global flavours market in 2016 was valued at ~ $13.5 billion. The flavours market was ~ 55 percent of the global flavours and fragrances market valued at ~$24.5 billion in 2016 and the expected CAGR over next 5 years is 5 percent.
America and Asia Pacific account for lion’s share of the market (~35 percent) each, followed by Europe and Africa & Middle East regions. Globally, the largest end-use category for this segment is beverages, which enjoys about 30 percent market share, followed by the dairy and savoury & snacks segments.
In an interview, Kedar Vaze with Chemical Today Magazine opens up about the growth prospects that flavours & fragrances industry holds and how natural ingredients will rule the roost in the future.
By Debarati Das
Global trends in the flavours industry.
The global flavours market in 2016 was valued at ~ $13.5 billion. The flavours market was ~ 55 percent of the global flavours and fragrances market valued at ~$24.5 billion in 2016 and the expected CAGR over next 5 years is 5 percent.
America and Asia Pacific account for lion’s share of the market (~35 percent) each, followed by Europe and Africa & Middle East regions. Globally, the largest end-use category for this segment is beverages, which enjoys about 30 percent market share, followed by the dairy and savoury & snacks segments.
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