According to a new report, the global flavor and fragrance market totaled $23.9 billion in 2013, and is expected to reach $25.3 billion in 2014 and $35.5 billion in 2019, representing a compound annual growth rate (CAGR) of 5.8%.
For details on top companies, executive insights and forecasts, see P&F Magazine's 2014 F&F Leaderboard.
The report notes that the North American market was $7.1 billion in 2013, and is expected to grow to $7.5 billion in 2014 and $9.9 billion in 2019, representing a CAGR of 5.7%.
Meanwhile, the Western Europe market was $7.0 billion in 2013, and is expected to grow to $7.3 billion in 2014 and $9.7 billion in 2019, representing a CAGR of 5.8%.
