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among others are some of the key players in the competitive landscape of the flavors market for pharmaceutical & healthcare applications.
Flavors Market for Pharmaceutical & Healthcare Applications was valued at more than USD 1 billion in 2022 and is set to progress at over 5% CAGR over the next 10 years owing to a significant preference for flavored healthcare products and the growing health consciousness among people.
Some of the major participants in the flavors industry for pharmaceutical & healthcare applications are Gold Coast Ingredients, International Flavours & Fragrances (IFF), Symrise AG, Prinova Nagasa Group, Mane SA, Firmenich, Taste Master Flavors, Wild Flavors & Specialty Ingredients, Quest Nutra Pharma, and Concept Flavors & Fragrances, among others.
The dietary supplements application segment is poised to surpass a valuation of USD 740 million by 2032 owing to surging eating habits and lifestyle changes of people that are contributing to the emergence of several diseases.
The Asia Pacific flavors market size for pharmaceutical & healthcare applications is primed to witness over 5.5% CAGR from 2023 to 2032 as a result of the high demand for flavored infant formula and nutrients to bolster food intake among children is increasing the adoption of various flavors in infant nutrition in the APAC region.