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The global flavors food beverages market was valued at $12,474 million in 2016, and is expected to reach at $18,126 million in 2023, growing at a CAGR of 5.5% from 2017 to 2023. Flavors are essential part of the food processing industry that help to maintain the taste of a product. Food flavors are made of three components taste, smell, and color. Food beverage industries require flavor for different purposes, such as new product development, addition of new product line, and change in the taste of existing product. High demand for new flavors from food beverages industry, increase in demand from fast food industries, and continuous innovation have driven the global flavors food beverages market. However, rise in health awareness among the global population is expected to hamper the market growth.
Original Article: Flavors Food Beverages Market by Type Natural and Artificial and End User Beverages, Savory Snacks, Bakery Confectionery, Dairy Frozen Products, and Animal Pet Food Global Opportunity Analysis and Industry Forecast, 20172023 [Report Updated: 2104201NEXT ARTICLE
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...