Market Research Forecasts Flavor & Fragrance Market at $16 Billion by 2017
(firmenpresse) - ROCKVILLE, MD -- (Marketwire) -- 07/02/12 -- 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:
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:
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Veronica Franco at 240-747-3016 or visit .
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MarketResearch.com
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Datum: 02.07.2012 - 04:08 Uhr
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