North America Food Flavor Market Size

North America Food Flavor Market Analysis

The North America Food Flavor Market size is estimated at USD 5.13 billion in 2024, and is expected to reach USD 6.41 billion by 2029, growing at a CAGR of 4.54% during the forecast period (2024-2029).

Over the past few years, there has been an upsurge in the use of naturally sourced ingredients across North America, especially in countries like the United States and Canada. Therefore, the increasing consumer interest in nutritionally enriched and natural food products promotes the demand for high-value additives, expanding the market for natural flavors in the region. Furthermore, the growing demand for food with exotic or ethnic flavors drives the demand for variant flavor blends in North America. Moreover, since the region has witnessed an increasing population of expats in recent years, manufacturers create customized flavors to obtain a larger market share. According to the U.S. Department of Homeland Security, around 1,018,349 persons from different regions obtained lawful permanent resident status in the United States in 2022. Around 414,951 are of Asian origin, and 99,025 of the population are from South America. The diverse population living in the region is driving the growth of the food flavors market. For instance, in June 2022, BioNootkatone, a new natural, clean-label citrus flavor ingredient, was developed by Givaudan in partnership with Manus Bio for various food and beverage products. BioNootkatone is a sugar-free, non-GMO citrus flavor ingredient.