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North America Flavours and Fragrances Market: By Segment: Flavours, Fragrances; By Type: Synthetic, Natural; Regional Analysis; Historical Market and Forecast (2017-2027); 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 2022-2027.

 

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.

 

North America Flavours and Fragrances Market By Region

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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.

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
  • Mane SA
  • Sensient Technologies Corp.
  • Robertet Group
  • T. Hasegawa Co., Ltd. 
  • 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 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, EMR’s 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., 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Flavours and Fragrances Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Flavours and Fragrances Historical Market (2017-2021) 
    8.3    Global Flavours and Fragrances Market Forecast (2022-2027)
    8.4    Global Flavours and Fragrances Market by Segment
        8.4.1    Flavours
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Fragrances
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Flavours and Fragrances Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    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 (2017-2021) 
    9.3    North America Flavours and Fragrances Market Forecast (2022-2027)
    9.4    North America Flavours and Fragrances Market by Segment
        9.4.1    Flavours
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2017-2021)
            9.4.1.3    Forecast Trend (2022-2027)
        9.4.2    Fragrances
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2017-2021)
            9.4.2.3    Forecast Trend (2022-2027)
    9.5    North America Flavours and Fragrances Market by Type
        9.5.1    Synthetic
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2017-2021)
            9.5.1.3    Forecast Trend (2022-2027)
        9.5.2    Natural
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2017-2021)
            9.5.2.3    Forecast Trend (2022-2027)
    9.6    North America Flavours and Fragrances Market by Country
        9.6.1    Market Share
            9.6.1.1    USA
            9.6.1.2    Canada
10    North America Flavours Market Analysis
    10.1    Key Industry Highlights
    10.2    North America Flavours Historical Market (2017-2021) 
    10.3    North America Flavours Market Forecast (2022-2027)
    10.4    North America Flavours Market by Flavouring Agent
        10.4.1    Nature Identical Flavouring Substance
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2017-2021)
            10.4.1.3    Forecast Trend (2022-2027)
        10.4.2    Artificial Flavouring Substance
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2017-2021)
            10.4.2.3    Forecast Trend (2022-2027)
        10.4.3    Natural Flavours
            10.4.3.1    Market Share
            10.4.3.2    Historical Trend (2017-2021)
            10.4.3.3    Forecast Trend (2022-2027)
    10.5    North America Flavours Market by Form
        10.5.1    Liquid
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2017-2021)
            10.5.1.3    Forecast Trend (2022-2027)
        10.5.2    Dry
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2017-2021)
            10.5.2.3    Forecast Trend (2022-2027)
    10.6    North America Flavours Market by Application
        10.6.1    Beverage
            10.6.1.1    Market Share
            10.6.1.2    Historical Trend (2017-2021)
            10.6.1.3    Forecast Trend (2022-2027)
        10.6.2    Bakery and Confectionery Products
            10.6.2.1    Market Share
            10.6.2.2    Historical Trend (2017-2021)
            10.6.2.3    Forecast Trend (2022-2027)
        10.6.3    Dairy and Frozen Desserts
            10.6.3.1    Market Share
            10.6.3.2    Historical Trend (2017-2021)
            10.6.3.3    Forecast Trend (2022-2027)
        10.6.4    Savouries and Snacks
            10.6.4.1    Market Share
            10.6.4.2    Historical Trend (2017-2021)
            10.6.4.3    Forecast Trend (2022-2027)
        10.6.5    Others
11    North America Fragrances Market Analysis
    11.1    Key Industry Highlights
    11.2    North America Fragrances Historical Market (2017-2021) 
    11.3    North America Fragrances Market Forecast (2022-2027)
    11.4    North America Fragrances Market by Type
        11.4.1    Synthetic
            11.4.1.1    Market Share
            11.4.1.2    Historical Trend (2017-2021)
            11.4.1.3    Forecast Trend (2022-2027)
        11.4.2    Natural
            11.4.2.1    Market Share
            11.4.2.2    Historical Trend (2017-2021)
            11.4.2.3    Forecast Trend (2022-2027)
    11.5    North America Fragrances Market by Fragrances Type
        11.5.1    Flowers
            11.5.1.1    Market Share
            11.5.1.2    Historical Trend (2017-2021)
            11.5.1.3    Forecast Trend (2022-2027)
        11.5.2    Fruits
            11.5.2.1    Market Share
            11.5.2.2    Historical Trend (2017-2021)
            11.5.2.3    Forecast Trend (2022-2027)
        11.5.3    Musk
            11.5.3.1    Market Share
            11.5.3.2    Historical Trend (2017-2021)
            11.5.3.3    Forecast Trend (2022-2027)
        11.5.4    Wood
            11.5.4.1    Market Share
            11.5.4.2    Historical Trend (2017-2021)
            11.5.4.3    Forecast Trend (2022-2027)
        11.5.5    Spice
            11.5.5.1    Market Share
            11.5.5.2    Historical Trend (2017-2021)
            11.5.5.3    Forecast Trend (2022-2027)
        11.5.6    Others
    11.6    North America Fragrances Market by Application
        11.6.1    Soap and Detergents  
            11.6.1.1    Market Share
            11.6.1.2    Historical Trend (2017-2021)
            11.6.1.3    Forecast Trend (2022-2027)
        11.6.2    Cosmetics and Toiletries
            11.6.2.1    Market Share
            11.6.2.2    Historical Trend (2017-2021)
            11.6.2.3    Forecast Trend (2022-2027)
        11.6.3    Fine Fragrances
            11.6.3.1    Market Share
            11.6.3.2    Historical Trend (2017-2021)
            11.6.3.3    Forecast Trend (2022-2027)
        11.6.4    Household Cleaners and Air Fresheners
            11.6.4.1    Market Share
            11.6.4.2    Historical Trend (2017-2021)
            11.6.4.3    Forecast Trend (2022-2027)
        11.6.5    Others
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    EMR’s Key Indicators for Demand
    12.4    EMR’s 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    Others
16    Industry Events and Developments

 

List of Figures and Tables

1.    Global Flavours and Fragrances Market: Key Industry Highlights, 2016 and 2026
2.    Global Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2017-2021
3.    Global Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2022-2027
4.    Global Flavours and Fragrances Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Flavours and Fragrances Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Flavours and Fragrances Historical Market: Breakup by Segment (USD Million), 2017-2021
7.    North America Flavours and Fragrances Market Forecast: Breakup by Segment (USD Million), 2022-2027
8.    North America Flavours and Fragrances Historical Market: Breakup by Type (USD Million), 2017-2021
9.    North America Flavours and Fragrances Market Forecast: Breakup by Type (USD Million), 2022-2027
10.    North America Flavours and Fragrances Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Flavours and Fragrances Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    North America Flavours Historical Market: Breakup by Flavouring Agent (USD Million), 2017-2021
13.    North America Flavours Market Forecast: Breakup by Flavouring Agent (USD Million), 2022-2027
14.    North America Flavours Historical Market: Breakup by Form (USD Million), 2017-2021
15.    North America Flavours Market Forecast: Breakup by Form (USD Million), 2022-2027
16.    North America Flavours Historical Market: Breakup by Application (USD Million), 2017-2021
17.    North America Flavours Market Forecast: Breakup by Application (USD Million), 2022-2027
18.    North America Fragrances Historical Market: Breakup by Type (USD Million), 2017-2021
19.    North America Fragrances Market Forecast: Breakup by Type (USD Million), 2022-2027
20.    North America Fragrances Historical Market: Breakup by Natural Fragrances Type (USD Million), 2017-2021
21.    North America Fragrances Market Forecast: Breakup by Natural Fragrances Type (USD Million), 2022-2027
22.    North America Fragrances Historical Market: Breakup by Application (USD Million), 2017-2021
23.    North America Fragrances Market Forecast: Breakup by Application (USD Million), 2022-2027
24.    United States of America Historical Price Trends and Forecast 2017-2027
25.    Canada Historical Price Trends and Forecast 2017-2027
26.    North America Flavours and Fragrances Market Structure

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