The North America flavors and fragrances market size reached US$ 9.9 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
Flavor and fragrance substances are strong-smelling organic compounds with characteristic, usually a pleasant odor. They are derived either from natural sources or synthesized chemically. They are used to enhance the taste and texture of foods and beverages and help in improving the appeal of other consumer goods. The flavors and fragrances products include fragrances and flavor blends, aroma chemicals, and essential oils. Flavors are majorly used in the foods, beverages, dairy and confectionery industries, whereas, fragrances are used for providing a pleasant smell in personal care, home care, and cosmetic products.
The North America flavors and fragrances market is currently being driven by several factors. The rising demand for flavoring ingredients in bakery and confectionary items, ice-creams and other desserts, smoothies, and energy drinks are strengthening the growth of the flavors and fragrances market in the food and beverage industry of the region. Furthermore, the addition of flavors at optimal concentrations improve the taste and texture of food. Various types of chemical aromatics, essential oils, and botanical extracts are used to enhance the flavor of food and beverages, thereby making them more appealing to consumers. Apart from this, the escalating demand for flavors and fragrances in pharmaceuticals, dietary supplements, nutraceuticals, and tobacco is also impelling the market growth. In addition to this, the introduction of new flavors and fragrances along with their natural or organic counterparts are also stimulating the growth of the industry in the region.
2. What is the expected growth rate of the North America flavors and fragrances market during 2023-2028?
3. What are the key factors driving the North America flavors and fragrances market?
4. What has been the impact of COVID-19 on the North America flavors and fragrances market?
5. What is the breakup of the North America flavors market based on the product type?
6. What is the breakup of the North America flavors market based on the form?
7. What is the breakup of the North America flavors market based on the application?
8. What is the breakup of the North America fragrances market based on the application?
9. What is the breakup of the North America fragrances market based on the ingredients?
10. What are the key regions in the North America flavors and fragrances market?
Flavor and fragrance substances are strong-smelling organic compounds with characteristic, usually a pleasant odor. They are derived either from natural sources or synthesized chemically. They are used to enhance the taste and texture of foods and beverages and help in improving the appeal of other consumer goods. The flavors and fragrances products include fragrances and flavor blends, aroma chemicals, and essential oils. Flavors are majorly used in the foods, beverages, dairy and confectionery industries, whereas, fragrances are used for providing a pleasant smell in personal care, home care, and cosmetic products.
The North America flavors and fragrances market is currently being driven by several factors. The rising demand for flavoring ingredients in bakery and confectionary items, ice-creams and other desserts, smoothies, and energy drinks are strengthening the growth of the flavors and fragrances market in the food and beverage industry of the region. Furthermore, the addition of flavors at optimal concentrations improve the taste and texture of food. Various types of chemical aromatics, essential oils, and botanical extracts are used to enhance the flavor of food and beverages, thereby making them more appealing to consumers. Apart from this, the escalating demand for flavors and fragrances in pharmaceuticals, dietary supplements, nutraceuticals, and tobacco is also impelling the market growth. In addition to this, the introduction of new flavors and fragrances along with their natural or organic counterparts are also stimulating the growth of the industry in the region.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the North America flavors and fragrances market report, along with forecasts at the regional and country level from 2023-2028. The report has categorized the market based on product type, form, application and ingredients.Key Regions Analysed
- United States
- Canada
Market by Segment
- Flavors Market
Market by Product Type
- Natural-Identical
- Artificial
- Natural
Market by Form
- Liquid
- Dry
Market by Application
- Beverages
- Dairy and Frozen Desserts
- Bakery and Confectionery Products
- Savories and Snacks
- Others
Fragrances Market
Market by Application
- Cosmetics and Toiletries
- Fine Fragrances
- Household Cleaners and Air Fresheners
- Soap and Detergents
- Others
Market by Ingredients
- Natural
- Synthetic
Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
- Base Year Considered: 2022
- Historical Data Coverage: 2017-2022
- Market Forecast: 2023-2028
- Currency: US$
- Geography Covered: North America, United States and Canada
Segments Covered
- Flavors: Product Type, Form and Application.
- Fragrances: Application and Ingredients.
Key Questions Answered in This Report
1. How big is the North America flavors and fragrances market?2. What is the expected growth rate of the North America flavors and fragrances market during 2023-2028?
3. What are the key factors driving the North America flavors and fragrances market?
4. What has been the impact of COVID-19 on the North America flavors and fragrances market?
5. What is the breakup of the North America flavors market based on the product type?
6. What is the breakup of the North America flavors market based on the form?
7. What is the breakup of the North America flavors market based on the application?
8. What is the breakup of the North America fragrances market based on the application?
9. What is the breakup of the North America fragrances market based on the ingredients?
10. What are the key regions in the North America flavors and fragrances market?
Table of Contents
1 Preface3 Executive Summary16 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Flavors Market
6 Global Fragrances Market
7 North America Flavors Market
8 North America Fragrances Market
9 North America Flavors Market: Breakup by Product Type
10 North America Flavors Market: Breakup by Form
11 North America Flavors Market: Breakup by Application
12 North America Fragrances Market: Breakup by Application
13 North America Fragrances Market: Breakup by Ingredients
14 North America Flavors and Fragrances Market: Breakup by Country
15 SWOT Analysis
17 Porter’s Five Forces Analysis
18 Price Analysis
19 Competitive Landscape
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 121 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 9.9 Billion |
| Forecasted Market Value ( USD | $ 12.4 Billion |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | North America |
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