In the past few decades,China has rapidly developed into an active market. China's demand for Flavors and Fragrances has grown at a fast pace in the past decade. In the next decade,both production and demand will continue to grow.
As the data released by CAFFCI(China Association of Fragrance Flavour and Cosmetic Industries),the market size of flavour and fragrance in China had grown to 49.9 billion yuan(RMB) in 2022, and the compound annual growth rate from 2016 to 2022 was 12.06%.