Global demand for fragrances is expected to reach a value of US$ 62.6 Bn in 2021. As per Fact.MR, overall market value is expected to reach US$ 99.2 Bn by 2031, rising at a CAGR of 4.7% for 2021-2031.
The Airport Runway Foreign Object Debris (FOD) Detection System market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 1.4% during the forecast period, reaching a market value of US$ 110.1 Million by 2032.
Cakes, snacks, and pastries are gaining significant traction among consumers across the globe owing to their delicious flavors. The application of palm oil is rising for the production of such packaged foods.