Market Size of North America Food Flavor and Enhancer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.78 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Food Flavor & Enhancer Market Analysis
The North America food flavor and enhancer market is forecasted to witness a CAGR of 4.78% during the forecast period (2020 - 2025).
- Food enhancers are widely used in large-scale commercial food production in North America as machine-based production can lean towards bland-tastes which is often standard across a wide range. Hence, food enhancers are widely used in ready-made/processed food and beverage products as well as fast-foods, which have a dominant consumption in the North American Countries.
- Owing to the rising consumers inclination towards healthier foods among the North Americans, food manufacturers are constantly quitting the usage of predominant synthetic flavors, resulting in surge for natural flavors, which is driving the market studied.