Global Liquid Flavour Market 2017-2023: Highly Competitive $10.2 Bn Market Owing to the Presence of Well … – Markets Insider

DUBLIN, Jan. 24, 2018 /PRNewswire/ —

The “Global Liquid Flavour Market – Industry Trends, Opportunities and Forecasts to 2023” report has been added to ResearchAndMarkets.com’s offering.

Global liquid flavour market is projected to grow at a CAGR of 3.95% during the forecast period to reach US$10.205 billion by 2023 from US$8.409 billion in 2018

Liquid flavors are used for enhancement of smell and taste for various products at economical prices. Growing demand for packaged goods such as chips, dips, pretzels, and curls among various others goods will drive the demand for liquid flavor worldwide.

In addition to it, the liquid flavor is used in carbonated alcoholic and non-alcoholic beverages to enhance their aroma and taste. Booming demand for e-cigarette will add to the consumption of artificial liquid flavors, as these are used as e-liquid flavor. Increasing awareness of harmful effects of chemicals used in processed food will augment the demand for natural and organic liquid extracts during the forecast period.

North America region enjoys a favorable market share due to massive consumption of packaged goods. Asia Pacific region will witness substantial growth over

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