US Food Flavor Market - Forecast(2021 - 2026)

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U.S. Food Flavor Market Overview

U.S. Food Flavor Market size is projected to reach $1,640 million by 2026, growing at a CAGR of 4.8% over 2021-2026. Food flavor is used in various food products in order to improve the smell of food and helps in enhancing its taste. With the help of natural and artificial flavors, the taste of food can be changed that offers unique aroma in foods. Various natural flavors such as castoreum extract are used as natural flavor in beverage, confectionery, dairy, and desserts. Rising trends of processed foods increases the use of synthetic flavors that helps to maintain the taste of food. Rising adoption of modern lifestyle increases the demand of ready to eat food options which increases the use of baked goods, rising demand of natural flavors owing to its health benefits and increasing technological advancement in food and beverage industry is the major factor driving the growth of U.S. Food Flavor Market. In U.S., the trends of using packaged foods increase that rising the use of food flavors. Furthermore, growing manufacturer in food and beverage sector increases the production of food flavors, increasing trend in exotic flavors, rising development of different types of cuisine helps to develop innovative flavors to provide more unique taste are set to further enhance the overall market demand for U.S. Food Flavor Market for the period 2021-2026. 

Report Coverage

The report: “U.S. Food Flavor Market Estimate (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the U.S. Food Flavor Market.
By Flavor Type: Natural Flavor, and Synthetic Flavor.
By Application: Dairy, Bakery, Confectionery, Snack, Beverage, and Others.

Key Takeaways

  • Rising demand of natural flavors and increasing technological advancement in food and beverage industry are some factors that are driving the growth of the U.S. Food Flavor Market. 
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the U.S. Food Flavor Market report.
  • Rising stringent regulation in food flavors products is set to restrain the growth for the U.S. Food Flavor Market.

U.S. Food Flavor Market Size, By Application 2020-2026 (USD Million)

U.S. Food Flavor Market Size
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U.S. Food Flavor Segment Analysis – By Flavor Type

Based on Flavor Type U.S. Food Flavor Market can be further segmented into Natural Flavor, and Synthetic Flavor. The segment holds the major share in 2020. This is mainly owing to rising consumption of synthetic flavors in various food and confectionery products tend to increases the production of synthetic flavor. Moreover, manufacturers are adopting synthetic flavor owing to its cost effective production that increases the use of synthetic flavors which enhancing the growth of U.S. Food Flavor Market. The Natural Flavor segment is estimated to register the fastest CAGR of 5.7% for the period 2021-2026. This is mainly owing to rising health consciousness among people that increasing the adoption of natural flavors as it provides authentic taste in food. Moreover, the demand of botanicals extracts among young generation increases as it offers great taste as well as natural flavor in food that rising the use of natural flavors in various food and beverage products which in turn boosting the growth of U.S. Food Flavor Market.

U.S. Food Flavor Segment Analysis – By Application 

Based on Application, U.S. Food Flavor Market can be further segmented into Dairy, Bakery, Confectionery, Snack, Beverage, and Others. The Beverage segment recorded for the highest U.S. Food Flavor market share in 2020. This is mainly owing to the growing consumption of energy drinks, flavored beer, canned juices etc. as various flavours are added in these beverages that helps to enhance the taste which creates excitement among consumers and hence rising the adoption of food flavor in beverages. The bakery segment is forecasted to register the fastest CAGR of 6.1% over 2021-2026. This is mainly owing to growing consumption of packaged baked goods such as bread, cakes pies, rolls, pastries, cookies, crackers, and pretzels. Moreover, bakery industry are providing unique pair of flavors such as sweet and savory that attracts various consumers to adopt bakery products that are driving the growth of U.S. Food Flavor Market.

U.S. Food Flavor Market Drivers 

Rising Demand of Natural Flavors

The demand of natural flavors is increasing owing to rising consciousness about health among young population is a major factor that are increasing the growth of U.S. Food Flavor Market. According to USDA National Organic Program, natural flavors are certified as organic flavors that also increasing preference of natural flavors among population owing to its various health benefits. Moreover, growing trend of consuming natural flavors increases the production of products by the manufacturer that are naturally sourced which in turn boosting the growth of the U.S. Food Flavor Market over 2021-2026.

Increasing Technological Advancement in Food and Beverage Industry

Rising technological advancement in food and beverage industry helps food flavor manufacturers to produce better varieties of natural and artificial flavors are driving the growth of U.S. Food Flavor Market. Moreover, manufacturers are using various advanced technologies include solid-liquid extraction (SLE), supercritical carbon dioxide extraction, supercritical fluid extraction, and others that helps to develop innovative flavors which are propelling the growth of U.S. Food Flavor Market over 2021-2026.

Covid-19 Impact:

COVID-19 pandemic had greatly affected the growth of U.S. Food Flavor Market. During pandemic, the sales of food products decreases owing to lockdown. Moreover, the production in food and beverage industry also declined owing to less number of manpower in production that are negatively impacted the growth of U.S. Food Flavor Market.

U.S. Food Flavor Market Challenges

Rising Stringent Regulation

The factors that is set to impede the growth of the U.S. Food Flavor Market are the rising stringent regulation regarding the manufacturing processes of food flavor products. Moreover, there is a delay in launching new products by the manufacturer owing to various process of regulatory approval in food and beverage industry are set to create hurdles for the U.S. Food Flavor Market.

U.S. Food Flavor Market Outlook

Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the U.S. Food Flavor Market. U.S. Food Flavor top 10 companies are Kerry Group PLC, BASF SE, Archer Daniels Midland, Firmenich, Givaudan, International Flavors & Fragrances (IFF), Robertet, Hasegawa, Takasago, and Symrise.

Developments

  • In 2020, Symrise entered into partnership with KitchenTown Berlin in order to develop food product portfolio.
  • In 2020, Givaudan launched a new Virtual Reality tool known as The Virtual TasteTrek Citrus tool. This tool helps to create flavor enabling the customers to create flavor directly from the desk.
  • In 2020, Swiss-based Biotech Company had a collaboration with Evolva in order to develop and expand the availability of food flavors that helps in enhancing the market growth.

Relevant Reports:

Report Code: FBR 0017

Report Code: FBR 80331

For more Food and Beverage Market related reports, please click here
1. U.S. Food Flavor Market Overview
    1.1 Definitions and Scope
2. U.S. Food Flavor Market Executive Summary
    2.1 Market Size and Key Trends
    2.2 Key trends by Flavor Type
    2.3 Key trends by Application
3. U.S. Food Flavor Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. U.S. Food Flavor Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. U.S. Food Flavor Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. U.S. Food Flavor Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. U.S. Food Flavor Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. U.S. Food Flavor Market – By Flavor Type (Market Size -$Million/$Billion)
    8.1 Natural Flavor
    8.2 Synthetic Flavor
9. U.S. Food Flavor Market – By Application (Market Size -$Million/$Billion)
    9.1 Dairy
    9.2 Bakery
    9.3 Confectionery
    9.4 Snack
    9.5 Beverages
    9.6 Others
10. U.S. Food Flavor Market Entropy
11. U.S. Food Flavor Market Company Analysis
    11.1 Company Revenue, Products, M&A, Developments
    11.2 Company 1
    11.3 Company 2
    11.4 Company 3
    11.5 Company 4
    11.6 Company 5
    11.7 Company 6
    11.8 Company 7
    11.9 Company 8
    11.10 Company 9
    11.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market Segmentation Market 2019-2024 ($M)
1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Natural Flavor Market 2019-2024 ($M)
1.1.2 Synthetic Flavor Market 2019-2024 ($M)
1.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
1.2 By Application Market 2019-2024 ($M) - Global Industry Research
1.2.1 Dairy Market 2019-2024 ($M)
1.2.2 Bakery Market 2019-2024 ($M)
1.2.3 Confectionery Market 2019-2024 ($M)
1.2.4 Meat Fish Products Market 2019-2024 ($M)
1.2.5 Snacks Savory Market 2019-2024 ($M)
1.2.6 Beverages Market 2019-2024 ($M)
2.Global Market Segmentation Market 2019-2024 (Volume/Units)
2.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Natural Flavor Market 2019-2024 (Volume/Units)
2.1.2 Synthetic Flavor Market 2019-2024 (Volume/Units)
2.1.3 Nature Identical Flavorings Market 2019-2024 (Volume/Units)
2.2 By Application Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Dairy Market 2019-2024 (Volume/Units)
2.2.2 Bakery Market 2019-2024 (Volume/Units)
2.2.3 Confectionery Market 2019-2024 (Volume/Units)
2.2.4 Meat Fish Products Market 2019-2024 (Volume/Units)
2.2.5 Snacks Savory Market 2019-2024 (Volume/Units)
2.2.6 Beverages Market 2019-2024 (Volume/Units)
3.North America Market Segmentation Market 2019-2024 ($M)
3.1 By Type Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Natural Flavor Market 2019-2024 ($M)
3.1.2 Synthetic Flavor Market 2019-2024 ($M)
3.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
3.2 By Application Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Dairy Market 2019-2024 ($M)
3.2.2 Bakery Market 2019-2024 ($M)
3.2.3 Confectionery Market 2019-2024 ($M)
3.2.4 Meat Fish Products Market 2019-2024 ($M)
3.2.5 Snacks Savory Market 2019-2024 ($M)
3.2.6 Beverages Market 2019-2024 ($M)
4.South America Market Segmentation Market 2019-2024 ($M)
4.1 By Type Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Natural Flavor Market 2019-2024 ($M)
4.1.2 Synthetic Flavor Market 2019-2024 ($M)
4.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
4.2 By Application Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Dairy Market 2019-2024 ($M)
4.2.2 Bakery Market 2019-2024 ($M)
4.2.3 Confectionery Market 2019-2024 ($M)
4.2.4 Meat Fish Products Market 2019-2024 ($M)
4.2.5 Snacks Savory Market 2019-2024 ($M)
4.2.6 Beverages Market 2019-2024 ($M)
5.Europe Market Segmentation Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Natural Flavor Market 2019-2024 ($M)
5.1.2 Synthetic Flavor Market 2019-2024 ($M)
5.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
5.2 By Application Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Dairy Market 2019-2024 ($M)
5.2.2 Bakery Market 2019-2024 ($M)
5.2.3 Confectionery Market 2019-2024 ($M)
5.2.4 Meat Fish Products Market 2019-2024 ($M)
5.2.5 Snacks Savory Market 2019-2024 ($M)
5.2.6 Beverages Market 2019-2024 ($M)
6.APAC Market Segmentation Market 2019-2024 ($M)
6.1 By Type Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Natural Flavor Market 2019-2024 ($M)
6.1.2 Synthetic Flavor Market 2019-2024 ($M)
6.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
6.2 By Application Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Dairy Market 2019-2024 ($M)
6.2.2 Bakery Market 2019-2024 ($M)
6.2.3 Confectionery Market 2019-2024 ($M)
6.2.4 Meat Fish Products Market 2019-2024 ($M)
6.2.5 Snacks Savory Market 2019-2024 ($M)
6.2.6 Beverages Market 2019-2024 ($M)
7.MENA Market Segmentation Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Natural Flavor Market 2019-2024 ($M)
7.1.2 Synthetic Flavor Market 2019-2024 ($M)
7.1.3 Nature Identical Flavorings Market 2019-2024 ($M)
7.2 By Application Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Dairy Market 2019-2024 ($M)
7.2.2 Bakery Market 2019-2024 ($M)
7.2.3 Confectionery Market 2019-2024 ($M)
7.2.4 Meat Fish Products Market 2019-2024 ($M)
7.2.5 Snacks Savory Market 2019-2024 ($M)
7.2.6 Beverages Market 2019-2024 ($M)

LIST OF FIGURES

1.US Us Food Flavor Market Revenue, 2019-2024 ($M)
2.Canada Us Food Flavor Market Revenue, 2019-2024 ($M)
3.Mexico Us Food Flavor Market Revenue, 2019-2024 ($M)
4.Brazil Us Food Flavor Market Revenue, 2019-2024 ($M)
5.Argentina Us Food Flavor Market Revenue, 2019-2024 ($M)
6.Peru Us Food Flavor Market Revenue, 2019-2024 ($M)
7.Colombia Us Food Flavor Market Revenue, 2019-2024 ($M)
8.Chile Us Food Flavor Market Revenue, 2019-2024 ($M)
9.Rest of South America Us Food Flavor Market Revenue, 2019-2024 ($M)
10.UK Us Food Flavor Market Revenue, 2019-2024 ($M)
11.Germany Us Food Flavor Market Revenue, 2019-2024 ($M)
12.France Us Food Flavor Market Revenue, 2019-2024 ($M)
13.Italy Us Food Flavor Market Revenue, 2019-2024 ($M)
14.Spain Us Food Flavor Market Revenue, 2019-2024 ($M)
15.Rest of Europe Us Food Flavor Market Revenue, 2019-2024 ($M)
16.China Us Food Flavor Market Revenue, 2019-2024 ($M)
17.India Us Food Flavor Market Revenue, 2019-2024 ($M)
18.Japan Us Food Flavor Market Revenue, 2019-2024 ($M)
19.South Korea Us Food Flavor Market Revenue, 2019-2024 ($M)
20.South Africa Us Food Flavor Market Revenue, 2019-2024 ($M)
21.North America Us Food Flavor By Application
22.South America Us Food Flavor By Application
23.Europe Us Food Flavor By Application
24.APAC Us Food Flavor By Application
25.MENA Us Food Flavor By Application
26.Givaudan, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Firmenich, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ariake USA Inc.., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Cargill Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Kerry Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Corbion Purac, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Archer Daniels Midland, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.FMC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Symrise AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.International Fragrance and Flavors Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Sensient, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.DuPont-Danisco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.DD Williamson Co Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)