|By Marketwire .||
|October 19, 2012 03:08 AM EDT||
ROCKVILLE, MD -- (Marketwire) -- 10/19/12 -- MarketResearch.com has announced the addition of the new report "World Flavors & Fragrances," to their collection of market reports.
Worldwide demand for flavors and fragrances -- including flavor blends, fragrance blends, essential oils, and aroma chemicals -- will rise 4.4 percent annually through 2016, reaching $26.5 billion. Increasing packaged food manufacturing, especially of convenience products that require higher flavor usage, will drive fast growth in developing countries. Rising personal consumption expenditures in these emerging economies will also stimulate toiletry and cleaner shipments, which will contribute to healthy growth in fragrance blends. Increasing global interest in products that promote health benefits will also drive demand in both the food and beverage and cosmetics and toiletry markets, as masking flavors and fragrances are employed in conjunction with antioxidants and vitamins to reduce off-tastes and off-odors. Furthermore, efforts in developed countries to reduce calories, salt, and fat in foods will increase demand for flavors to improve the taste of those products.
Globally, there has been a rising interest in natural, organic, and more expensive products across a number of consumer markets, including food and beverages and toiletries and cleaners. Industry efforts to meet this demand will drive increased value consumption of nearly all types of flavors and fragrances, with the exception of aroma chemicals, which will be replaced by essential oils in certain product categories.
For more information, visit http://www.marketresearch.com/land/product.asp?productid=7148635&progid=84806
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world's most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com's Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Cindy Frei at 240.747.3014 or visit http://www.marketresearch.com.