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Flavors and fragrances are integral components of a wide range
of consumer goods. Natural and synthetic flavor compositions are
responsible for the fruity taste of cherry cola and the cool mint
flavor of toothpaste. Fragrance compositions add the fresh scent of
pine to household cleaning products and exotic top notes to fine
perfumes. Worldwide consumption of flavor and fragrance (F&F)
products—flavor and fragrance compositions as well as the
essential oils, natural extracts, and aroma chemicals that serve as
starting materials—amounted to almost $40 billion in 2018
(merchant sales of F&F products only).
Flavors and Fragrances report by IHS Markit provides a
strategic analysis of this industry including market drivers, key
players, industry structure and dynamics, critical factors for
success, and threats or opportunities.
