07 Nov 2014 --- The global flavors and fragrances market continues to show promising rates of growth after recovering from the effects of the global recession, according to IAL Consultants. The total global market reached US$21.4 billion in 2013, and is expected to grow at an average annual rate of 3.2% p.a. to reach some US$25 billion in 2018. Of the total world market, flavors account for approximately 54% and fragrances for the remaining 46%.
