Lucintel Estimates Good Growth for Global Flavor and Fragrance Market During 2013-2018

Irving, TX, September 07, 2013 --(PR.com)-- The global flavor and fragrance market is expected to experience good growth and reach $2,060 million by 2018. North America and Europe were the largest regions in terms of consumption of flavor and fragrance, followed by APAC and ROW. Fragrance contributed 52% of the market share, whereas flavor contributed 48% of the global revenue to the global flavor and fragrance industry.

Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the current scenario of the flavor and fragrance market and presents its findings in "Global Flavor and Fragrance Market 2013-2018: Trend, Forecast, and Opportunity Analysis.” The report covers the various challenges faced by this market and analyzes the risk factors and opportunities for growth.

Lucintel provides an overview of the challenges and opportunities to be faced by the flavor and fragrance market globally. This market has high testing norms, stringent regulations, and high rate of product specification. Opportunities; however, also exist. People are more conscious of their health and convenience food has given a fillip to the flavor market, whereas fragrance is a key ingredient for personal care market.

In this industry, North America emerged as the largest consumer of flavor and fragrances, replacing Europe. APAC and ROW occupy the third and fourth place respectively. Though recession has impacted the US flavor and fragrance market, it is currently recovering well. Brazil is the world’s largest market for fine fragrance which is used in deodorants and baby care products. Aroma chemical is found in China, India, and Singapore. Asia was one of the emerging regions for flavor and fragrance industry during last five years.

Lucintel highlights the factors affecting the economic scenario in this report and gives insights of the global flavor and fragrance market trends. Lucintel also forecasts the growth potential of this market including the market size and volume of flavor and fragrances expected to be consumed by 2018, which will help the interested companies to make strategic and financial decisions.

For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com