North America Food Flavor & Enhancer Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.78 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Food Flavor & Enhancer Market Analysis
The North America food flavor and enhancer market is forecasted to witness a CAGR of 4.78% during the forecast period (2020 - 2025).
- Food enhancers are widely used in large-scale commercial food production in North America as machine-based production can lean towards bland-tastes which is often standard across a wide range. Hence, food enhancers are widely used in ready-made/processed food and beverage products as well as fast-foods, which have a dominant consumption in the North American Countries.
- Owing to the rising consumers inclination towards healthier foods among the North Americans, food manufacturers are constantly quitting the usage of predominant synthetic flavors, resulting in surge for natural flavors, which is driving the market studied.
North America Food Flavor & Enhancer Market Trends
This section covers the major market trends shaping the North America Food Flavor & Enhancer Market according to our research experts:
Rising Demand for Ready to Serve/ Ready to Eat Food Products Driving the Market
Owing to the fast-paced lifestyle of the generation residing in the North American countries and moreover growing expat population in the Canada, consumers are increasingly inclining towards convenience food products, including instant soups, sauces, noodles, baked goods, and other ready meals, owing to their instant nature i.e. lesser preparation time and easy handling.
However, despite the need to rely on comfort foods, consumers are reluctant to compromise on flavor. Younger age group in precise, are the primary consumer base constantly willing to discover varied culinary traditions, in interest of their taste buds.
Moreover, RTE products such as instant noodles, ice creams, and soups are few of the most vulnerable food cuisines to be experimented based on flavors. Americans are constantly looking for different flavors to try while purchasing instant noodles, such as Soy Sauce flavor and traditional beef, chicken, shrimp, and others flavor. Therefore, this factor is expected to drive the demand for the food flavor and enhancer in the region.
Increasing Consumer Inclination Toward Clean Label Claim
For countries like United States and Canada, consumers today are resourceful to identify the products formulation and the quality of ingredients used by the manufacturer. As the consumers learn more about their food and ingredients used during processing, they shape the products they want to find on the shelf.
Moreover, the products with clean label claims such as free-from, natural, and minimally processed tend to most interest the consumers of these countries.
As a result, the sales of products with clean label claims rose significantly, pulling the associated ingredient market from USD 5892 million in 2016 to USD 6895 million in 2019, in United States.
Nonetheless, major food companies such as Kellogg's, General Mills, Nestle, Campbell, Kraft, etc. have assured to restrict the use of artificial additives and flavors from their product formulations, portraying promising future of clean label flavors in the forecast period.
North America Food Flavor & Enhancer Industry Overview
The North America food flavor and enhancer market is a competitive, which is foreseeing continuous growth year-on-year. Some of the prominent players in the market studied are Givaudan, Sensient, Symrise AG, and Archer Daniels Midland Company. Companies are coming up with new and innovative flavors, preferably, clean-label ingredients, which are naturally derived, as the demand for these type of food and beverage ingredient is expected to drive the revenues of the companies operating in this market.
North America Food Flavor & Enhancer Market Leaders
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Sensient Technologies Corporation
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International Flavors & Fragrances Inc.
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KERRY GROUP
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Givaudan
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
North America Food Flavor & Enhancer Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Natural Flavor
- 5.1.2 Synthetic Flavor
- 5.1.3 Nature Identical Flavoring
- 5.1.4 Flavor Enhancers
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5.2 By Application
- 5.2.1 Dairy Products
- 5.2.2 Bakery
- 5.2.3 Confectionery
- 5.2.4 Processed Food
- 5.2.5 Beverage
- 5.2.6 Others
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5.3 By Country
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Positoning of the Players
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6.4 Company Profiles
- 6.4.1 Sensient Technologies Corporation
- 6.4.2 International Flavors & Fragrances Inc.
- 6.4.3 KERRY GROUP
- 6.4.4 Givaudan
- 6.4.5 Archer Daniels Midland Company
- 6.4.6 Symrise AG
- 6.4.7 Firmenich SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Food Flavor & Enhancer Industry Segmentation
The North Amercia food flavor and enhancer market is segmented by type such that into natural flavor, synthetic flavor nature identical flavoring, and flavor enhancers. Moreover, by application the market is segmented into dairy products, bakery, confectionery, processed food, beverage, and others. By country, the market is segmented into United States, Canada, Mexico, and Rest of North America.
| By Type | Natural Flavor |
| Synthetic Flavor | |
| Nature Identical Flavoring | |
| Flavor Enhancers | |
| By Application | Dairy Products |
| Bakery | |
| Confectionery | |
| Processed Food | |
| Beverage | |
| Others | |
| By Country | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Flavor & Enhancer Market Research FAQs
What is the current North America Food Flavor and Enhancer Market size?
The North America Food Flavor and Enhancer Market is projected to register a CAGR of 4.78% during the forecast period (2024-2029)
Who are the key players in North America Food Flavor and Enhancer Market?
Sensient Technologies Corporation, International Flavors & Fragrances Inc. , KERRY GROUP, Givaudan and Archer Daniels Midland Company are the major companies operating in the North America Food Flavor and Enhancer Market.
What years does this North America Food Flavor and Enhancer Market cover?
The report covers the North America Food Flavor and Enhancer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Food Flavor and Enhancer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Food Flavor and Enhancer Industry Report
Statistics for the 2024 North America Food Flavor and Enhancer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Food Flavor and Enhancer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
