North America Food Flavor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

Market Snapshot

North America Food Flavor Market - Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 4.85 %

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Market Overview

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.

Scope of the report

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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Key Market Trends

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

Competitive Landscape

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.

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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Frequently Asked Questions

The North America Food Flavor Market market is studied from 2016 - 2026.

The North America Food Flavor Market is growing at a CAGR of 4.85% over the next 5 years.

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

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