Flavors Market Is Likely To Up Demand At A USD 28.54 Billion By 2030
San Francisco, 5 April 2024: The Report Flavors Market Size, Share & Trends Analysis Report By Nature (Natural, Synthetic), By Form (Powder, Liquid/Gel), By Application (Food, Beverages, Others), By Region, And Segment Forecasts, 2024 - 2030 The global flavors market size is expected to reach USD 28.54 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 5.9% from 2024 to 2030. Consumer preferences in the food industry have significantly changed in recent years, particularly with reference to the growing acceptance of unique and exotic flavors. This shift toward diverse and unconventional flavor profiles have led consumers to seek new ways to explore different cultures and showed a preference for unusual and exotic foods and beverages from various regions for an "exotic effect." This trend is supported by the emergence of natural flavor enhancers made from botanical and fruit extracts. According to an ar