North America Flavors and Fragrances Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

North America Flavors and Fragrances Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Report Format: PDF+Excel | Report ID: SR112023A1738
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Market Overview:

The North America flavors and fragrances market reached a value of US$ 9.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America flavors and fragrances market, along with forecasts at the regional and country level from 2021-2026. Our 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: 2020
  • Historical Data Coverage: 2015-2020
  • Market Forecast: 2021-2026
  • Currency: US$
  • Geography Covered: North America, United States and Canada
  • Segments Covered:
    • Flavors: Product Type, Form and Application.
    • Fragrances: Application and Ingredients.

Report Customization: Although IMARC has tried to cover everything in the North America flavors and fragrances market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
North America Flavors and Fragrances Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
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