The global Flavors & Fragrances Market is estimated at USD 21.15 Billion in 2017 and is projected to reach USD 24.13 Billion by 2022, at a CAGR of 2.67% from 2017 to 2022. Natural ingredients are projected to grow at the highest CAGR during the forecast period The flavors & fragrances market has been segmented on the basis of ingredients into synthetic and natural. The natural ingredients segment is projected to grow at the highest CAGR during the forecast period. Natural ingredients are extracted from plants and animal sources. Increasing availability of natural ingredients and rising awareness among consumers towards healthier lifestyles are the major factors driving the market for natural ingredients. Givaudan is a leading manufacturer of flavors and fragrances globally. The company offers a range of flavors & fragrances for confectionery, beverage, dairy, savory, functional cleaners, laundry, and personal care products. In October 2017, the company laid the...
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