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North America Flavours and Fragrances Market

North America Flavours and Fragrances Market Size, Share: By Segment: Flavours, Fragrances; By Type: Synthetic, Natural; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

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 2024-2032.

 

North America Flavours and Fragrances Market

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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:

 

North America Flavours and Fragrances Market By Region

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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.

 

North America Flavours and Fragrances Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Segment
  • Type
  • Region
Breakup by Segment
  • Flavours
  • Fragrances
Breakup by Type
  • Synthetic
  • Natural
Breakup by Region
  • USA
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Flavours and Fragrances Market Forecast (2024-2032)
    8.4    Global Flavours and Fragrances Market by Segment
        8.4.1    Flavours
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fragrances
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    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 (2018-2023) 
    9.3    North America Flavours and Fragrances Market Forecast (2024-2032)
    9.4    North America Flavours and Fragrances Market by Segment
        9.4.1    Flavours
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Fragrances
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
    9.5    North America Flavours and Fragrances Market by Type
        9.5.1    Synthetic
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Natural
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    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 (2018-2023) 
    10.3    North America Flavours Market Forecast (2024-2032)
    10.4    North America Flavours Market by Flavouring Agent
        10.4.1    Nature Identical Flavouring Substance
            10.4.1.1    Historical Trend (2018-2023)
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Artificial Flavouring Substance
            10.4.2.1    Historical Trend (2018-2023)
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    Natural Flavours
            10.4.3.1    Historical Trend (2018-2023)
            10.4.3.2    Forecast Trend (2024-2032)
    10.5    North America Flavours Market by Form
        10.5.1    Liquid
            10.5.1.1    Historical Trend (2018-2023)
            10.5.1.2    Forecast Trend (2024-2032)
        10.5.2    Dry
            10.5.2.1    Historical Trend (2018-2023)
            10.5.2.2    Forecast Trend (2024-2032)
    10.6    North America Flavours Market by Application
        10.6.1    Beverage
            10.6.1.1    Historical Trend (2018-2023)
            10.6.1.2    Forecast Trend (2024-2032)
        10.6.2    Bakery and Confectionery Products
            10.6.2.2    Historical Trend (2018-2023)
            10.6.2.2    Forecast Trend (2024-2032)
        10.6.3    Dairy and Frozen Desserts
            10.6.3.1    Historical Trend (2018-2023)
            10.6.3.2    Forecast Trend (2024-2032)
        10.6.4    Savouries and Snacks
            10.6.4.1    Historical Trend (2018-2023)
            10.6.4.2    Forecast Trend (2024-2032)
        10.6.5    Others
   10.7    North America Flavours Market by Country
        10.7.1    USA
            10.7.1.1   Historical Trend (2018-2023)
            10.7.1.2   Forecast Trend (2024-2032)
        10.7.2    Canada
            10.7.2.1   Historical Trend (2018-2023)
            10.7.2.2   Forecast Trend (2024-2032)
11    North America Fragrances Market Analysis
    11.1    Key Industry Highlights
    11.2    North America Fragrances Historical Market (2018-2023) 
    11.3    North America Fragrances Market Forecast (2024-2032)
    11.4    North America Fragrances Market by Type
        11.4.1    Synthetic
            11.4.1.1    Historical Trend (2018-2023)
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Natural
            11.4.2.1    Historical Trend (2018-2023)
            11.4.2.2    Forecast Trend (2024-2032)
    11.5    North America Fragrances Market by Fragrances Type
        11.5.1    Flowers
            11.5.1.1    Historical Trend (2018-2023)
            11.5.1.2    Forecast Trend (2024-2032)
        11.5.2    Fruits
            11.5.2.1    Historical Trend (2018-2023)
            11.5.2.2    Forecast Trend (2024-2032)
        11.5.3    Musk
            11.5.3.1    Historical Trend (2018-2023)
            11.5.3.2    Forecast Trend (2024-2032)
        11.5.4    Wood
            11.5.4.1    Historical Trend (2018-2023)
            11.5.4.2    Forecast Trend (2024-2032)
        11.5.5    Spice
            11.5.5.1    Historical Trend (2018-2023)
            11.5.5.2    Forecast Trend (2024-2032)
        11.5.6    Others
    11.6    North America Fragrances Market by Application
        11.6.1    Soap and Detergents  
            11.6.1.1    Historical Trend (2018-2023)
            11.6.1.2    Forecast Trend (2024-2032)
        11.6.2    Cosmetics and Toiletries
            11.6.2.1    Historical Trend (2018-2023)
            11.6.2.2    Forecast Trend (2024-2032)
        11.6.3    Fine Fragrances
            11.6.3.1    Historical Trend (2018-2023)
            11.6.3.2    Forecast Trend (2024-2032)
        11.6.4    Household Cleaners and Air Fresheners
            11.6.4.1    Historical Trend (2018-2023)
            11.6.4.2    Forecast Trend (2024-2032)
        11.6.5    Others
    11.7    North America Flavours Market by Country
        11.7.1    USA
            11.7.1.1   Historical Trend (2018-2023)
            11.7.1.2   Forecast Trend (2024-2032)
        11.7.2    Canada
            11.7.2.1   Historical Trend (2018-2023)
            11.7.2.2   Forecast Trend (2024-2032)
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 2032
2.    Global Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2018-2023
3.    Global Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2024-2032
4.    Global Flavours and Fragrances Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Flavours and Fragrances Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2018-2023
7.    North America Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2024-2032
8.    North America Flavours and Fragrances Historical Market: Breakup by Type (USD Million), 2018-2023
9.    North America Flavours and Fragrances Market Forecast: Breakup by Type (USD Million), 2024-2032
10.    North America Flavours and Fragrances Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Flavours and Fragrances Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    North America Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2018-2023
13.    North America Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2024-2032
14.    North America Flavours Historical Market: Breakup by Form (USD Million), 2018-2023
15.    North America Flavours Market Forecast: Breakup by Form (USD Million), 2024-2032
16.    North America Flavours Historical Market: Breakup by Application (USD Million), 2018-2023
17.    North America Flavours Market Forecast: Breakup by Application (USD Million), 2024-2032
18.    North America Fragrances Historical Market: Breakup by Type (USD Million), 2018-2023
19.    North America Fragrances Market Forecast: Breakup by Type (USD Million), 2024-2032
20.    North America Fragrances Historical Market: Breakup by Natural Fragrances Type (USD Million), 2018-2023
21.    North America Fragrances Market Forecast: Breakup by Natural Fragrances Type (USD Million), 2024-2032
22.    North America Fragrances Historical Market: Breakup by Application (USD Million), 2018-2023
23.    North America Fragrances Market Forecast: Breakup by Application (USD Million), 2024-2032
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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