Market Size of United States 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 | 4.24 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Food Flavor & Enhancer Market Analysis
The United States food flavor and enhancer market is forecasted to grow at a CAGR of 4.24% during the forecast period (2020 - 2025).
- 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 Asian and Hispanic populations are growing in the country which has led to the emergence of ethnic new flavors and flavor profiles.
- Owing to the country's fast-paced food beverage industries, foreign players are expanding their footprints in the country to deliver the most innovative nutritional flavors to cater to the growing demand of consumers.
- For instance, in 2018, Firmenich which is a European company expanded its presence in the country by opening a manufacturing plant in California to deliver customers tailored to taste and nutrition solutions, including a unique range of organic offerings.
