North America Food Flavor Market Size

Statistics for the 2023 & 2024 North America Food Flavor market size, created by Mordor Intelligence™ Industry Reports. North America Food Flavor size report includes a market forecast to 2028 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of North America Food Flavor Industry

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

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*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.