North America Food Flavor Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

North America Food Flavor Market is segmented by Type (Natural Flavors, Synthetic Flavors and Natural-Identical Flavorings); by Application (Dairy, Bakery & Confectionery, Savories, Beverages and Other Applications); and by Geography

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North America Food Flavor Market Size

North America Food Flavor Market - Summary
Study Period 2018 - 2028
Base Year For Estimation 2021
Forecast Data Period 2024 - 2028
Historical Data Period 2018 - 2020
CAGR 4.85 %
Market Concentration High

Major Players

North America Food Flavor Market

*Disclaimer: Major Players sorted in no particular order
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North America Food Flavor Market Analysis

North America Food Flavor Market is anticipated to grow at a CAGR of 4.85% during the forecast period (2020-2025).

  • The major driving factors of the market are the huge demand for processed foods in the region accounted by the lifestyle and eating habits of the region.
  • The market growth is also driven by the constant innovations and developments in the market. The inclination towards natural flavorings are also driving the market for food flavors in the region.
  • Beverages are the major demanding area for food flavors as food manufacturers in the region are increasingly introducing beverages with different flavors to attract more consumers.

North America Food Flavor Market Trends

This section covers the major market trends shaping the North America Food Flavor Market according to our research experts:

Rising Demand For RTE Food Products

Owing to the fast-paced lifestyle of the generation, consumers are increasingly inclining towards convenience food products, including instant soups, sauces, noodles, baked goods, and other ready meals, owing to their instant nature i.e. lesser preparation time and easy handling. However, despite the need to rely on comfort foods, consumers are reluctant to compromise on flavor. Younger age group in precise, are the primary consumer base constantly willing to discover varied culinary traditions, in interest of their taste buds. Moreover, RTE products such as instant noodles, ice creams, and soups are few of the most vulnerable food cuisines to be experimented based on flavors. Australians are constantly looking for different flavors to try while purchasing instant noodles, such as Hot & Spicy and Chicken flavor.

North America Flavor Market - 1

United States Hold A Major Share In The Market

About 75% of the consumers in the country are open to trying new food products, which shows the affinity of US consumers for ethnic flavors and dishes. The increasing number of expats in the country, the Asian and Hispanic populations, has led to the emergence of ethnic new flavors and flavor profiles. These factors have led to a growing demand for ethnic flavors in the country. Owing to the country’s fast paced food and beverage industries, foreign players are expanding their footprints in the country to deliver the most innovative nutritional flavors to cater to the increasing demand of consumers. Growing demand for processed foods majorly the beverages and processed meat segment have also boosted the flavor sales in the country.

North America Food Flavor Market-2

North America Food Flavor Industry Overview

North America Food Flavor Market is consolidated with the key players, such as Givaudan, IFF-Frutarom, Firmenich, Symrise, Takasago, and Sensient Technologies occupying major shares. Product Innovations, megers and acquisitions are the major strategies adopted by the players operating in the market. Most of the major players in the global market are located in the region, which in turn will increase the market competition.

North America Food Flavor Market Leaders

  1. Givaudan

  2. Firmenich SA

  3. Corbion N.V.

  4. Kerry Group

*Disclaimer: Major Players sorted in no particular order

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North America Food Flavor Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Natural Flavors

      2. 5.1.2 Synthetic Flavors

      3. 5.1.3 Natural Identical Flavors

    2. 5.2 By Application

      1. 5.2.1 Dairy

      2. 5.2.2 Bakery & Confectionery

      3. 5.2.3 Savory

      4. 5.2.4 Beverages

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Givaudan

      2. 6.3.2 Firmenich SA

      3. 6.3.3 Corbion N.V.

      4. 6.3.4 Kerry Group

      5. 6.3.5 International Flavors and Fragrance Inc. (IFF)

      6. 6.3.6 Archer Daniels Midland (ADM)

      7. 6.3.7 Takasago International Corporation

      8. 6.3.8 Sensient Technologies

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Food Flavor Industry Segmentation

North America Food Flavor Market is segmented by Type into Natural Flavors, Synthetic Flavors and Natural-Identical Flavorings. The market is segmented by Application into Dairy, Bakery & Confectionery, Savories, Beverages and Other Applications. The market is also segmented by Geography into United States, Canada, Mexico and Rest of North America.

By Type
Natural Flavors
Synthetic Flavors
Natural Identical Flavors
By Application
Dairy
Bakery & Confectionery
Savory
Beverages
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
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North America Food Flavor Market Research FAQs

The North America Food Flavor Market is projected to register a CAGR of 4.85% during the forecast period (2023-2028).

Givaudan, Firmenich SA, Corbion N.V. and Kerry Group are the major companies operating in the North America Food Flavor Market.

North America Food Flavor Industry Report

Statistics for the 2023 North America Food Flavor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Food Flavor analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Food Flavor Report Snapshots

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