Market Size of United States Food Flavor Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.90 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
US Food Flavors Market Analysis
United States food flavor market is projected to grow at a CAGR of 3.9% during the forecast period (2020 - 2025).
- The rising use of food flavors into edible products such as baked food, beverages, and confectioneries to enhance their aroma & taste is boosting the growth of the food flavors market in the country. Changing consumer tastes and growing inclination towards new palettes and cuisines is further fueling the demand for flavors across the food industry.
- Further, the United States consumers are demanding natural flavors, as they are becoming more concerned about the long-term health effects of artificial ingredients and additives in food products.
- A large number of consumers have gained interest in purchasing clean label goods, which offer a wide scope for naturally sourced ingredients, hence propelling the demand for natural food flavors. However, the high prices of natural flavors may impact the growth of the segment.
US Food Flavors Industry Segmentation
The United States food flavor market is segmented by type and by the application. The market by type is further sub-segmented into the natural flavor, synthetic flavor, and nature-identical flavoring. The market by application is segmented into dairy, bakery, confectionery, beverage, meat, poultry & seafood, and other applications. The study also covers the country-level analysis of the major players operating in the United States flavor market.
By Product Type | |
Natural Flavor | |
Synthetic Flavor | |
Nature Identical Flavoring |
By Application | |
Dairy | |
Bakery | |
Confectionery | |
Meat, Poultry, and Seafood | |
Beverage | |
Others |
United States Food Flavor Market Size Summary
The United States food flavor market is experiencing growth driven by the increasing incorporation of flavors into various edible products such as baked goods, beverages, and confectioneries. This trend is largely attributed to evolving consumer preferences and a growing interest in diverse palettes and cuisines. A significant shift towards natural flavors is observed as consumers become more health-conscious and wary of the long-term effects of artificial ingredients. The demand for clean label products, which emphasize naturally sourced ingredients, is on the rise, although the higher cost of natural flavors poses a challenge to market expansion.
The market for natural flavors is expected to grow substantially due to heightened consumer awareness of health and wellness, prompting a transition from artificial to organic and natural flavors. The demand for authenticity and variety in ethnic cuisines is also contributing to this growth. Natural flavors, including citrus peels, fruit essences, and spice vanilla sugar, are increasingly used in beverages and processed foods. The beverage segment, particularly alcoholic beverages, is witnessing innovations driven by consumer demand for exotic and unique flavors. The market is moderately fragmented, with key players like International Flavors & Fragrances Inc., Givaudan, and Symrise AG leading the way by introducing innovative, clean-label ingredients and expanding their market presence.
United States Food Flavor Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Natural Flavor
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2.1.2 Synthetic Flavor
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2.1.3 Nature Identical Flavoring
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2.2 By Application
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2.2.1 Dairy
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2.2.2 Bakery
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2.2.3 Confectionery
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2.2.4 Meat, Poultry, and Seafood
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2.2.5 Beverage
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2.2.6 Others
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United States Food Flavor Market Size FAQs
What is the current United States Food Flavor Market size?
The United States Food Flavor Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in United States Food Flavor Market?
Givaudan, International Flavors & Fragrances Inc., Firmenich SA, Symrise AG and Archer Daniels Midland Company are the major companies operating in the United States Food Flavor Market.