The report forecasts the global flavors and fragrances market to grow at a CAGR of 4.42% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
People are adopting vegan diets because of ethical concern toward animals, for the better environment, and for a healthy world. Nowadays, vegan has become a style of living and philosophy. Vegan diet does not include anything of animal origin, whether it is food, cloth, or for any other purposes. Further, people perceive a vegan diet to be healthy, and therefore, prefer consuming more natural food products. An increase in the number of all vegan restaurants in different countries proves this trend.
According to the report, one of the main factors of the growth of the global flavors and fragrances market is the increasing investments by vendors in the market to increase their production capabilities and also to expand their distribution networks to reach more consumers. Vendors are also investing in the market to gain access to more untapped markets, which offer them many chances to grow.
Further, the report states that changing consumer preferences are affecting the global flavors and fragrances market, which requires manufacturers to come up with new and interesting solutions to cater to customers' needs. The certification process that ensures the product quality and safety is also an expensive procedure. Thus, the high R&D costs involved in the global flavors and fragrances market is a challenge for the key players. They need to invest a huge amount in R&D annually to survive in the competitive market scenario.
- International Flavors & Fragrances
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by functionality
Part 07: Market segmentation by ingredient
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
Part 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/g4cfw2/global_flavors
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SOURCE Research and Markets