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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Peru Flavours Market Size
The Peru flavours market attained a value of 87.97 million in 2023. The market is expected to grow at a CAGR of 3.33% between 2024 and 2032, reaching almost 118.08 million by 2032.
Peru Flavours Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Latin America flavours market is projected to grow at a CAGR of 3.33% between 2024 and 2032.
The Latin America flavours market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 118.08 million by 2032.
The major market drivers are the growing demand for innovative flavours, rising demand for natural flavourings, and surging research activities to develop new flavours by the food and beverage manufacturers.
The key trends guiding the market growth include rapid globalisation, evolving consumer preferences, and increasing demand for convenience foods.
The significant flavouring agents considered within the market report include nature identical flavouring substance, artificial flavouring substance, and natural flavours.
Liquid and dry are the different market segments based on forms of flavours.
The major applications of the product include beverages, bakery and confectionery products, dairy and frozen desserts, and savouries and snacks, among others.
The major players in the market are Givaudan SA, International Flavors & Fragrances Inc., Bell Flavors & Fragrances, Inc., Innalsa, and Quimtia, among others.
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