Global Food Flavor and Enhancer market- Growth, Trends, Forecast for the period (2015-2020)

NEW YORK, July 21, 2015 /PRNewswire/ -- The key building blocks in the food and beverages industry are the food flavors and enhancers. Growing innovation in this highly competitive market can be attributed to the growth in this segment. Region wise and country specific adoption to flavors & flavor enhancers by manufacturers is the trigger to innovation. The global market size in 2014 was estimated $8.43 billion dollar in 2014 and is estimated to increase at a compound annual growth rate (CAGR) of 3.5% and reach nearly $10 billion by 2020. Drivers and Restrains: Globalization and modernization, has changed the lifestyle of the people which in turn changed the food habits, thus increasing...