Aroma Ingredients for Food and Beverages Market Scope and Analysis by 2030
Aroma Ingredients for Food and Beverages Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1.21 Billion |
Market Size by 2030 | US$ 1.67 Billion |
Global CAGR (2022 - 2030) | 4.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Industry Developments and Future Opportunities:
As per press releases, a few of the initiatives taken by key players operating in the aroma ingredients for food and beverages market are listed below:
- In March 2023, BASF SE announced its investment in a new plant in Zhanjiang, China, and menthol and linalool downstream plants in Ludwigshafen, Germany. This investment will expand and diversify BASF’s aroma ingredient value chain footprint in Germany and Malaysia and support customers’ growth opportunities.
Competitive Landscape and Key Companies:
International Flavors & Fragrances Inc, Sensient Technologies Corp, T Hasegawa Co Ltd, BASF SE, V Mane Fils Sas, Symrise AG, Firmenich International SA, Archer-Daniels-Midland Co, Kerry Group Plc, and Berje Inc are among the key players profiled in the aroma ingredients for food and beverages market report. The global market players focus on providing high-quality products to fulfill customer demand.