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Flavors And Fragrances Markets Set For Healthy Growth Over Next Four Years

August 29, 2013: 12:00 AM EST
A shift toward healthier foods means American consumers are buying lower-sodium foods and lower-sugar beverages, increasing the demand for flavorings that improve taste, according to a Freedonia Group report. A shift toward natural products has generated greater demand for natural flavors, which are more expensive than their artificial counterparts – “boosting value gains”. The cosmetics and toiletries market, meanwhile, is benefiting from a surge in the popularity of body washes, perfumes and colognes, which means increased demand for fragrance blends. All of this adds up to good news for the flavors and fragrances market, which Freedonia forecasts to advance 4.6 percent a year through 2017 to $7.1 billion.
"U.S. Demand for Flavors & Fragrances to Exceed $7 Billion in 2017", Nutraceuticals World, August 29, 2013, © Rodman Media
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