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North America Flavours and Fragrances Market: By Segment: Flavours, Fragrances; By Type: Synthetic, Natural; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
North America Flavours and Fragrances Market Outlook
The North America Flavours and Fragrances Market is aiding the global market growth, which attained a value of USD 28 billion in 2020. The North America industry is expected to grow at a steady pace in the forecast period of 2023-2028.
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Globally, the market is led by Europe, accounting for over a quarter of the industry. The industry on the continent is being driven by its thriving personal care and beauty sector along with its growing food and beverage sector. The regional industry is dominated by Western European economies like Germany, UK, and France. However, in the coming years, Eastern Europe is projected to witness a faster growth than the more mature Western European market. The Asia Pacific and North America are also significant regional markets for the region. The Asia Pacific is expected to witness a robust growth with expanding opportunities for growth in its emerging economies. The industry in this region is being aided by the customisation of products by manufacturers to suit the diverse taste of consumers in the region. With global players increasingly investing and expanding in the region, the industry in the Asia Pacific is expected to grow further. China, Japan, and India are the major markets in the Asia Pacific.
North America is the second largest flavour and fragrance regional market after Europe. The region is dominated by the industry in the US, which accounts for over three-fourths of the market. While North America, like Western Europe, is a mature market, the industry in the region is being driven by the rising high-income class, especially in the US. Nearly half of the world’s high-income population is expected to reside in North America by 2030. The high-income class is driving the demand for premium products like high-end cosmetics and organic foods. While the growth of the middle class has slowed down in the US, they still account for over half the population. The middle classes, which have been witnessing an increase in their disposable incomes, are aiding the industry by consuming more processed food and beverage product, which are imbued with additional flavours.
Properties and Applications
Flavour is added to a product to alter or enhance the taste of the substance as perceived by the mouth. Fragrance, on the other hand, refers to the compounds added to impart a sweet or pleasant smell to products like foods, cosmetics, and detergents, among other items. By flavouring agent, the industry can be divided into:
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- Nature Identical
- Artificial
- Natural
By forms, flavours are bifurcated into liquid and dry. Fragrance, on the other hand, are available in synthetic or natural types. Natural fragrances are further divided into flowers, fruits, musk, wood, and spice, among others. While flavours find their applications in beverage, dairy and frozen desserts, savouries and snacks, and bakery and confectionary sectors, among others, fragrances find their applications in:
- Soap and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Household Cleaners and Air Fresheners
- Others
The EMR report looks into regional markets in North America like the US and Canada.
Market Analysis
The North America flavours and fragrances industry is being driven by the increasing demand for consumer products and the rise in GDP. The GDP of the United States grew at a rate of 3.1% per annum in the first quarter of 2020. The rise in the consumer willingness to try out new flavours and fragrances is also aiding the industry growth in the region. With the rise in disposable incomes, consumers are increasingly buying non-essential food products with innovative and unusual flavours and combinations like chili chocolate. As consumers are becoming more health conscious with the rise in the population afflicted by obesity and diabetes, the demand for low-calorie and low-carbohydrate food and beverage products are rising. This is further aiding the growth of the flavour segment as these products need additional flavours. The segment is also being aided by the rising demand for juices and RTD beverages. The increase in the consumption of flavoured milk, as a substitute to carbonated drinks, is further propelling the segment growth.
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The flavours and fragrance industry in North America is also being aided by the thriving personal care and cosmetics industry in the region. In 2018, the region accounted for nearly a quarter of the cosmetics industry, globally, with the US being its major market. The cosmetics industry in this comparatively mature market is being driven by the rise in the consumption of premium cosmetics. The fragrance segment, in particular, is being aided by the continuing growth in the cosmetics sector, as fragrance has become an indispensable part of personal care products. Consumers are also seeking out natural or organic fragrances. As the consumers are becoming more aware about the environment and more conscious about the ingredients in the products they are using, manufacturers are working to create a sustainable and eco-conscious supply chain. The fragrance segment is also being aided by the rising demand from the soaps and detergents sector.
Competitive Landscape
The EMR gives an in-depth analysis of the following key players in the North America flavour and fragrance market, covering their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions:
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances, Inc.
- Symrise AG
- WILD Flavors, Inc.
- Takasago International Corp
- The MANE Group
- Sensient Technologies Corporation
- The Robertet Group
- Kerry Group
The comprehensive report assesses the market based on Porter’s Five Forces. A SWOT analysis has also been provided.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Segment, Type, Country |
| Breakup by Segment | Flavours, Fragrances |
| Breakup by Type | Synthetic, Natural |
| Breakup by Country | USA, Canada |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corporation, The MANE Group, Sensient Technologies Corporation, The Robertet Group, Kerry Group plc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 Global Flavours and Fragrances Market Analysis
8.1 Key Industry Highlights
8.2 Global Flavours and Fragrances Historical Market (2018-2022)
8.3 Global Flavours and Fragrances Market Forecast (2023-2028)
8.4 Global Flavours and Fragrances Market by Segment
8.4.1 Flavours
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fragrances
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Flavours and Fragrances Market by Region
8.5.1 North America
8.5.2 Europe
8.5.3 Asia Pacific
8.5.4 Latin America
8.5.5 Middle East and Africa
9 North America Flavours and Fragrances Market Analysis
9.1 Key Industry Highlights
9.2 North America Flavours and Fragrances Historical Market (2018-2022)
9.3 North America Flavours and Fragrances Market Forecast (2023-2028)
9.4 North America Flavours and Fragrances Market by Segment
9.4.1 Flavours
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Fragrances
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.5 North America Flavours and Fragrances Market by Type
9.5.1 Synthetic
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Natural
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
9.6 North America Flavours and Fragrances Market by Country
9.6.1 USA
9.6.2 Canada
10 North America Flavours Market Analysis
10.1 Key Industry Highlights
10.2 North America Flavours Historical Market (2018-2022)
10.3 North America Flavours Market Forecast (2023-2028)
10.4 North America Flavours Market by Flavouring Agent
10.4.1 Nature Identical Flavouring Substance
10.4.1.1 Historical Trend (2018-2022)
10.4.1.2 Forecast Trend (2023-2028)
10.4.2 Artificial Flavouring Substance
10.4.2.1 Historical Trend (2018-2022)
10.4.2.2 Forecast Trend (2023-2028)
10.4.3 Natural Flavours
10.4.3.1 Historical Trend (2018-2022)
10.4.3.2 Forecast Trend (2023-2028)
10.5 North America Flavours Market by Form
10.5.1 Liquid
10.5.1.1 Historical Trend (2018-2022)
10.5.1.2 Forecast Trend (2023-2028)
10.5.2 Dry
10.5.2.1 Historical Trend (2018-2022)
10.5.2.2 Forecast Trend (2023-2028)
10.6 North America Flavours Market by Application
10.6.1 Beverage
10.6.1.1 Historical Trend (2018-2022)
10.6.1.2 Forecast Trend (2023-2028)
10.6.2 Bakery and Confectionery Products
10.6.2.2 Historical Trend (2018-2022)
10.6.2.2 Forecast Trend (2023-2028)
10.6.3 Dairy and Frozen Desserts
10.6.3.1 Historical Trend (2018-2022)
10.6.3.2 Forecast Trend (2023-2028)
10.6.4 Savouries and Snacks
10.6.4.1 Historical Trend (2018-2022)
10.6.4.2 Forecast Trend (2023-2028)
10.6.5 Others
10.7 North America Flavours Market by Country
10.7.1 USA
10.7.1.1 Historical Trend (2018-2022)
10.7.1.2 Forecast Trend (2023-2028)
10.7.2 Canada
10.7.2.1 Historical Trend (2018-2022)
10.7.2.2 Forecast Trend (2023-2028)
11 North America Fragrances Market Analysis
11.1 Key Industry Highlights
11.2 North America Fragrances Historical Market (2018-2022)
11.3 North America Fragrances Market Forecast (2023-2028)
11.4 North America Fragrances Market by Type
11.4.1 Synthetic
11.4.1.1 Historical Trend (2018-2022)
11.4.1.2 Forecast Trend (2023-2028)
11.4.2 Natural
11.4.2.1 Historical Trend (2018-2022)
11.4.2.2 Forecast Trend (2023-2028)
11.5 North America Fragrances Market by Fragrances Type
11.5.1 Flowers
11.5.1.1 Historical Trend (2018-2022)
11.5.1.2 Forecast Trend (2023-2028)
11.5.2 Fruits
11.5.2.1 Historical Trend (2018-2022)
11.5.2.2 Forecast Trend (2023-2028)
11.5.3 Musk
11.5.3.1 Historical Trend (2018-2022)
11.5.3.2 Forecast Trend (2023-2028)
11.5.4 Wood
11.5.4.1 Historical Trend (2018-2022)
11.5.4.2 Forecast Trend (2023-2028)
11.5.5 Spice
11.5.5.1 Historical Trend (2018-2022)
11.5.5.2 Forecast Trend (2023-2028)
11.5.6 Others
11.6 North America Fragrances Market by Application
11.6.1 Soap and Detergents
11.6.1.1 Historical Trend (2018-2022)
11.6.1.2 Forecast Trend (2023-2028)
11.6.2 Cosmetics and Toiletries
11.6.2.1 Historical Trend (2018-2022)
11.6.2.2 Forecast Trend (2023-2028)
11.6.3 Fine Fragrances
11.6.3.1 Historical Trend (2018-2022)
11.6.3.2 Forecast Trend (2023-2028)
11.6.4 Household Cleaners and Air Fresheners
11.6.4.1 Historical Trend (2018-2022)
11.6.4.2 Forecast Trend (2023-2028)
11.6.5 Others
11.7 North America Flavours Market by Country
11.7.1 USA
11.7.1.1 Historical Trend (2018-2022)
11.7.1.2 Forecast Trend (2023-2028)
11.7.2 Canada
11.7.2.1 Historical Trend (2018-2022)
11.7.2.2 Forecast Trend (2023-2028)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Givaudan SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Firmenich SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 International Flavors & Fragrances, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Symrise AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wild Flavors, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Takasago International Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 The MANE Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Sensient Technologies Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 The Robertet Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Kerry Group plc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Flavours and Fragrances Market: Key Industry Highlights, 2018 and 2028
2. Global Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2018-2022
3. Global Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2023-2028
4. Global Flavours and Fragrances Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Flavours and Fragrances Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2018-2022
7. North America Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2023-2028
8. North America Flavours and Fragrances Historical Market: Breakup by Type (USD Million), 2018-2022
9. North America Flavours and Fragrances Market Forecast: Breakup by Type (USD Million), 2023-2028
10. North America Flavours and Fragrances Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Flavours and Fragrances Market Forecast: Breakup by Country (USD Million), 2023-2028
12. North America Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2018-2022
13. North America Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2023-2028
14. North America Flavours Historical Market: Breakup by Form (USD Million), 2018-2022
15. North America Flavours Market Forecast: Breakup by Form (USD Million), 2023-2028
16. North America Flavours Historical Market: Breakup by Application (USD Million), 2018-2022
17. North America Flavours Market Forecast: Breakup by Application (USD Million), 2023-2028
18. North America Fragrances Historical Market: Breakup by Type (USD Million), 2018-2022
19. North America Fragrances Market Forecast: Breakup by Type (USD Million), 2023-2028
20. North America Fragrances Historical Market: Breakup by Natural Fragrances Type (USD Million), 2018-2022
21. North America Fragrances Market Forecast: Breakup by Natural Fragrances Type (USD Million), 2023-2028
22. North America Fragrances Historical Market: Breakup by Application (USD Million), 2018-2022
23. North America Fragrances Market Forecast: Breakup by Application (USD Million), 2023-2028
24. United States of America Historical Price Trends and Forecast 2018-2028
25. Canada Historical Price Trends and Forecast 2018-2028
26. North America Flavours and Fragrances Market Structure
Key Questions Answered in the Report
The North America flavours and fragrances market is supporting the global industry, which reached a value of USD 28 billion in 2020.
The major drivers of the industry, such as rising disposable incomes, increasing population, and the customisation of products by producers according to the different taste of consumers in the region.
The rapidly growing personal care and beauty sector combined with the growing food and beverage sector is expected to be a key trend guiding the growth of the industry.
The United States of America and Canada are the leading regions in the market.
The significant segments in the industry are flavours and fragrances.
The leading types of flavours and fragrances in the market are synthetic and natural.
The major flavouring agents in the industry are nature identical flavouring substance, artificial flavouring substance, and natural flavours.
The significant flavour forms in the market are liquid and dry.
The leading natural fragrances types in the industry are flowers, fruit, musk, wood, and spice, among others.
The major application segments in the flavours market are beverage, dairy and frozen desserts, savouries and snacks, and bakery and confectionery products, among others, while leading application segments in the fragrances market are soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others.
The leading players in the market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corporation, The MANE Group, Sensient Technologies Corporation, The Robertet Group, Kerry Group plc, Others.
Analyst Review
The North America flavours and fragrances market is aiding the global market growth, which attained a value of USD 28 billion in 2020. The North America flavours and fragrances market is expected to grow at a steady pace in the forecast period of 2020-2025, driven by the rising demand from the food and beverage industry.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on segment, the market is divided into flavours and fragrances. On the basis of types, the market for flavours and fragrances can be bifurcated into synthetic and natural. Based on form, the flavours industry is segmented into liquid and dry. By flavouring agents, the market is divided into nature identical flavouring substance, artificial flavouring substance, and natural flavour. On the basis of natural fragrances type, the industry is segmented into flowers, fruit, musk, wood, and spice, among others. By application, the flavours industry is divided into beverage, dairy and frozen desserts, savouries and snacks, and bakery and confectionery products, among others, while the fragrance industry is segmented into soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others. The major regional markets for flavours and fragrances in North America are the United States of America and Canada. The key players in the above industry include Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corporation, The MANE Group, Sensient Technologies Corporation, The Robertet Group, Kerry Group plc, Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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