The global flavors and fragrances market reached a value of US$ 28.5 billion in 2022 and is projected to grow to US$ 41.7 billion by 2031. The market is expected to expand at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2024 to 2031.
Flavors and fragrances refer to compounds used to impart taste and aroma to various products, including food, beverages, cosmetics,...
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