USA: Demand for flavours and fragrances set to rocket
US demand for flavours and fragrances is forecast to grow 4.6% per annum to US$5bn in 2005, "as gains will be driven by the use of higher flavour and fragrance loadings to enhance the sensory appeal of fortified foods," according to a study by the Freedonia Group. Consolidation in the major customer base continues to create an intensely competitive environment, with large multinational endusers leveraging their purchasing power to apply pressure on suppliers for price reduction, the report says. "Flavour blends will remain the largest segment of the flavours and fragrances market, with 36% of the total demand in 2005. However, fragrance blends are expected to post faster gains and nearly overtake flavour blends by 2005, due to strong growth in skin care cosmeceuticals and other cosmetic and toiletry applications".
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Why personalisation will take-off in US food
- General Mills sales woes continue - analysis
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Comment: Meal kits in US - don't believe the hype
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Recipe-kit firm HelloFresh launches into UK retail
- Germany's Haribo plans first US candy plant