Customer Destocking, Emerging Markets Boost Sales

Sales growth from the global flavors and fragrances industry is improving compared to prior quarters because of improved demand from Asia and Latin America, and the winding down of customer de-stocking. Still, the global market value is not expected to gain enough to surpass 2008 levels. Firms’ third-quarter earnings results were mixed, but most say business began to pick up during the second quarter and that trend is expected to continue into next year. The global flavors and fragrances sector was valued at $20.3 billion in 2008, according to market...

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