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Newark, NJ, Feb. 15, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global liquid flavor market is expected to grow from USD 9.61 billion in 2020 and to reach USD 14.31 billion by 2028, growing at a CAGR of 5.1% during the forecast period 2021-2028.
The global liquid flavors market has witnessed significant growth in recent years. This growth is attributed to the rising consumer awareness regarding nutrition, rising industrial output, and consumption of natural ingredients, rising demand for processed food, and growing consumer disposable income. Other factors such as the rising preference for liquid flavors, increasing use of liquid flavors to enhance the taste, and rising industrial output will propel the market growth.