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TechNavio Forecasts Global F&F Growth During 2013-2018
Posted: September 2, 2014
The global flavors and fragrances market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.63% over the period 2013-2018, according to market research firm TechNavio.
In a recent report, the firm said manufacturing aroma chemicals by chemical synthesis has opened up a branch of chemistry. The demand in flavors and fragrance will be driven by companies that manufacture food and beverages, perfumes, cosmetics, toiletries and household products, TechNavio forecasts.