Flavors & Fragrances Industry To Grow Substantially At A CAGR Of 4.30% From 2022 To 2030
Flavors & Fragrances Industry Data Book Covers Natural Flavors & Fragrances and Aroma Chemicals Markets. The economic value generated by the flavors & fragrances industry was estimated at approximately USD 23.35 billion in 2021, is anticipated to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. Natural Flavors And Fragrances Market Report Highlights The global natural flavors and fragrances market was valued at USD 8,510.4 million in 2022, and it is expected to reach USD 15.83 billion by 2030, registering a CAGR of 4.6% CAGR (2023- 2030). The essential oils segment is expected to witness the fastest growth rate from 2022 to 2030 owing to the increasing consumer preference for natural & organic products from various end-use industries like food & beverages and cosmetics The extraction process segment will have the fastest CAGR from 2022 to 2030 since it ensures hydrolysis of water-sensitive compounds & ensures...