SOURCE: MarketResearch.com

MarketResearch.com

July 02, 2012 06:08 ET

Market Research Forecasts Flavor & Fragrance Market at $16 Billion by 2017

ROCKVILLE, MD--(Marketwire - Jul 2, 2012) - MarketResearch.com has announced the addition of the new report "Global Markets for Flavors and Fragrances" to their collection of Cosmetics & Personal Care market reports. For more information, visit: http://www.marketresearch.com/BCC-Research-v374/Global-Flavors-Fragrances-7037015/ 

The worldwide flavor and fragrance market was worth an estimated $21.8 billion in 2011. This figure is projected to exceed $23 billion in 2012 and $30 billion in 2017, a compound annual growth rate (CAGR) of 5.6% between 2012 and 2017.

The global market for fragrances was worth $11.2 billion in 2011. This figure is projected to exceed $11.9 billion in 2012 and $15.7 billion in 2017, a CAGR of 5.8%. The global flavor industry was worth $10.6 billion in 2011. This market is expected to grow to nearly $11.1 billion in 2012 and $14.5 billion in 2017, a CAGR of 5.4%.

The flavor and fragrance industry's total demand for ingredients was an estimated $7.6 billion in 2011 and growing at a projected CAGR of 5.7%. At this rate, the market should reach $8.1 billion in 2012 and $10.7 billion by 2017.

For more information, visit: http://www.marketresearch.com/BCC-Research-v374/Global-Flavors-Fragrances-7037015/ 

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