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Based on the general tenor of flavor and fragrance industry financials through the first half of the year, it appears that the industry will have relatively strong 2010. Such impressions are comforting amidst the general murmur of double-dip recessions and weakness in the wider job and housing markets. So, too, is a new report from The Freedonia Group, which forcasts 4.3% annual increases in the flavor and fragrance market (flavor and fragrance blends, essential oils, natural extracts and aroma chemicals), which is expected to total $2.35 billion in 2014 and $29.1 billion by 2019. For comparison, Freedonia notes that the market in 2009 totaled $19 billion.
This is only an excerpt of the full article that appeared in P&F Magazine. The full content is not currently available online.