North America Flavor Compounds Market Size & Outlook
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North America flavor compounds market highlights
- The North America flavor compounds market generated a revenue of USD 108.4 million in 2022.
- The market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating ingredient in 2022.
- Natural is the most lucrative ingredient segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 108.4 million |
| Market revenue in 2030 | USD 161.9 million |
| Growth rate | 5.1% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Natural |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
| Key market players worldwide | Givaudan SA, DSM Firmenich AG, Symrise AG, Sensient Technologies Corp, International Flavors & Fragrances Inc, Takasago International Corp, Kerry Group PLC Class A, MANE, Robertet SA, Huabao Flavours & Fragrances |
Other key industry trends
- In terms of revenue, North America region accounted for 25.5% of the global flavor compounds market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 303.7 million by 2030.
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Flavor Compounds Market Scope
Flavor Compounds Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Huabao Flavours & Fragrances | View profile | 1001-5000 | Lhasa, Xizang, China, Asia | https://www.hbflavor.com/ |
| MANE | View profile | 5001-10000 | Le Bar, Provence-Alpes-Cote d'Azur, France, Europe | https://www.mane.com/ |
| Robertet SA | View profile | 2358 | 37, avenue Sidi Brahim, BP 52100, Grasse, France, 6130 | http://www.robertet.com |
| Takasago International Corp | View profile | 3913 | Nissay Aroma Square 17F, 5-37-1, Kamata, Ohta-ku, Tokyo, Japan, 144-8721 | http://www.takasago.com |
| Givaudan SA | View profile | 16263 | Chemin de la Parfumerie 5, Vernier, Switzerland, 1214 | https://www.givaudan.com |
| Symrise AG | View profile | 12435 | Muhlenfeldstrasse 1, Holzminden, ST, Germany, 37603 | https://www.symrise.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
| Kerry Group PLC Class A | View profile | 21000 | Prince's Street, Tralee, Kerry, Ireland, V92 EH11 | https://www.kerry.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
North America flavor compounds market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flavor compounds market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 70.76% in 2022. Horizon Databook has segmented the North America flavor compounds market based on natural, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of North America flavor compounds market databook
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Our clientele includes a mix of flavor compounds market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America flavor compounds market , including forecasts for subscribers. This continent databook contains high-level insights into North America flavor compounds market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America flavor compounds market size, by country, 2017-2030 (US$M)
North America Flavor Compounds Market Outlook Share, 2022 & 2030 (US$M)
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