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73 Competitive Dynamics and Strategic Developments in the Flavors Market The Flavors Market was valued at USD 25.5 billion in 2024 and is projected to reach USD 45.2 billion by 2034, registering a CAGR of 5.8%. This growth trajectory is underpinned by several factors, including the increasing demand for natural flavors, the expansion of the food and beverage industry, and the rising consumer preference for innovative and diverse flavor profiles. The market is...
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