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The Global Artificial Flavors Market size is projected to reach USD 15.20 billion from USD 9.27 billion in 2019, delivering a CAGR of 5.3% through 2027. Increasing consumer demands for exotic flavored food & beverage is likely to drive global artificial flavors market growth.
The artificial flavors are synthetically made in laboratories but are made in a manner that they taste and smell similar to the natural ingredient. Manufacturers make sure that the synthetic flavor nicely replicates the aroma and taste of the real ingredient in the final food or beverage product. As artificial flavors are made in laboratories, they are governed and labeled by regulatory bodies such as the Food and Drug Administration, European Food Safety Authority, and others. These agencies ensure the safety of artificial flavoring substances for human consumption.
Changing lifestyles with rapid globalization and urbanization trends will fuel the demand for variety in food and beverages, which, in turn, will create lucrative opportunities for the global artificial flavors market growth. Also, increasing consumption of fast-food items, extensive advancements in the synthetic flavoring substances, along with exponential growth of the F&B industry in the Asia Pacifica region will foster artificial flavors market share through 2027.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Global Artificial Flavors Market on the basis of the applications, form factor, type, end-use, and region:
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Form Factor Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)
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