The global flavors and fragrances market size is estimated at USD 30.4 billion in 2023. The industry is driven by rising demand and preference for processed food, personal care & cosmetic products globally. Rising disposable income in emerging economies like India and China coupled with population growth, is expected to augment demand for personal care and fragrance products in industry. This traditional fragrance industry has seen vast changes in the recent years with new avenues of raw material sourcing and wider usage.
Add comment