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The flavors and fragrances market size is forecast to increase by USD 14.11 billion at a CAGR of 6.73% between 2023 and 2028. The market's growth hinges on various factors, including the escalating number of new product launches, particularly in personal care and food flavoring segments. This trend is fueled by the rising consumer demand for innovative and diverse products. The industry witnesses a growing preference for natural flavors and fragrances driven by regulatory standards and compliance requirements. Moreover, the market sees a surge in the adoption of natural cosmetics and fragrance compounds, with consumers showing a preference for synthetic alternatives. Additionally, the market benefits from the increasing disposable income of consumers, which enables them to spend more on such products. These factors collectively contribute to the expansion of the market, creating opportunities for companies to introduce new and exciting products to meet the evolving needs and preferences of consumers.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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