The global flavors and fragrances market size was valued at USD 23.35 billion in 2021 and expected to reach USD 34.19 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.3% over the forecast period. The demand for the product is anticipated to be driven by the rising demand and consumption of processed food and personal care and cosmetics products globally. Rising disposable income in emerging economies like India and China coupled with rapid population growth is expected to augment the demand for personal care and cosmetic products in the market. In addition, the busy lifestyle pattern upheld in developing as well as developed countries are anticipated to augment demand for processed food & beverages, thereby increasing the demand for flavors in the global market.