North America Flavours and Fragrances Market Report and Forecast 2024-2032
Flavours and fragrances are essential components that determine the sensory appeal of many consumer goods, ranging from food and beverages to personal care and home care products. Flavours enhance or mask certain tastes in food and drinks, while fragrances add a distinct scent to products, making them more attractive to consumers.
A chief driver of the North America flavours and fragrances market growth is the consumers' burgeoning demand for innovative and exotic flavour profiles in their foods and beverages. Driven by globalization, travel experiences, and exposure to diverse cultures, North American consumers are increasingly seeking out products with unique and adventurous tastes. This has led food and beverage manufacturers to experiment and innovate, thereby leading to a heightened demand for varied flavours.
As per the North America flavours and fragrances market analysis, the market for fragrances in North America is buoyed by the ever-growing cosmetic and personal care industry. A deeper appreciation and quest for personal grooming, coupled with the region's substantial spending capacity, have paved the way for a plethora of scented products ranging from perfumes and body lotions to soaps and haircare items. Furthermore, the home care segment, including products like candles, air fresheners, and cleaning agents, has been increasingly relying on fragrances to offer a more enriched consumer experience.
One of the crucial North America flavours and fragrances market trends moulding the market dynamics is the shift towards natural and organic ingredients. With health and wellness becoming focal points for North American consumers, there is a noticeable drift towards natural flavours derived from fruits, vegetables, and spices.
In the fragrance sector, there is a rising demand for scents derived from natural sources, replacing synthetic counterparts. Regulatory bodies, have become more stringent, setting the tone for reformulation and innovation in this sector which further increases the value of the North America flavours and fragrances market size.
Market Outlook
According to the report the North America flavours and fragrances market is projected to grow at a steady pace between 2024 and 2032. Aided by the surging consumer demand for novel sensory experiences and the increasing use of flavours and fragrances in various products, the market is expected to grow significantly by 2032. The market is further expected to grow at a CAGR of 3.5% between 2024 and 2032 to reach a value of about USD 10.85 billion by 2032.Flavours and fragrances are essential components that determine the sensory appeal of many consumer goods, ranging from food and beverages to personal care and home care products. Flavours enhance or mask certain tastes in food and drinks, while fragrances add a distinct scent to products, making them more attractive to consumers.
A chief driver of the North America flavours and fragrances market growth is the consumers' burgeoning demand for innovative and exotic flavour profiles in their foods and beverages. Driven by globalization, travel experiences, and exposure to diverse cultures, North American consumers are increasingly seeking out products with unique and adventurous tastes. This has led food and beverage manufacturers to experiment and innovate, thereby leading to a heightened demand for varied flavours.
As per the North America flavours and fragrances market analysis, the market for fragrances in North America is buoyed by the ever-growing cosmetic and personal care industry. A deeper appreciation and quest for personal grooming, coupled with the region's substantial spending capacity, have paved the way for a plethora of scented products ranging from perfumes and body lotions to soaps and haircare items. Furthermore, the home care segment, including products like candles, air fresheners, and cleaning agents, has been increasingly relying on fragrances to offer a more enriched consumer experience.
One of the crucial North America flavours and fragrances market trends moulding the market dynamics is the shift towards natural and organic ingredients. With health and wellness becoming focal points for North American consumers, there is a noticeable drift towards natural flavours derived from fruits, vegetables, and spices.
In the fragrance sector, there is a rising demand for scents derived from natural sources, replacing synthetic counterparts. Regulatory bodies, have become more stringent, setting the tone for reformulation and innovation in this sector which further increases the value of the North America flavours and fragrances market size.
Market Segmentation
The market can be divided based on segment, type, and country. The flavours market is divided based on flavouring agent, form, and application, and the fragrances market is divided based on type, fragrances type, and application.Market Breakup by Segment
- Flavours
- Fragrances
Market Breakup by Type
- Synthetic
- Natural
Market Breakup by Country
- United States of America
- Canada
- Nature Identical Flavouring Substance
- Artificial Flavouring Substance
- Natural Flavours
- Liquid
- Dry
- Beverage
- Bakery and Confectionery Products
- Dairy and Frozen Desserts
- Savouries and Snacks
- Others
- Synthetic
- Natural
- Flowers
- Fruits
- Musk
- Wood
- Spice
- Others
- Soap and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Household Cleaners and Air Fresheners
- Others
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America flavours and fragrances market. Some of the major players explored in the report are as follows:- 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
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market13 Value Chain Analysis14 Price Analysis16 Key Trends and Developments in the Market24. United States of America Historical Price Trends and Forecast 2018-202825. Canada Historical Price Trends and Forecast 2018-202826. North America Flavours and Fragrances Market Structure
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Flavours and Fragrances Market Analysis
9 North America Flavours and Fragrances Market Analysis
10 North America Flavours Market Analysis
11 North America Fragrances Market Analysis
12 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- 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
Methodology
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