Canada Flavors And Fragrances Market Size & Outlook
Canada flavors and fragrances market, 2018-2030 (US$M)
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Canada flavors and fragrances market highlights
- The Canada flavors and fragrances market generated a revenue of USD 552.3 million in 2022 and is expected to reach USD 713.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.2% from 2023 to 2030.
- In terms of segment, natural flavors & fragrances was the largest revenue generating product in 2022.
- Natural Flavors & Fragrances is the most lucrative product segment registering the fastest growth during the forecast period.
Flavors and fragrances market data book summary
| Market revenue in 2022 | USD 552.3 million |
| Market revenue in 2030 | USD 713.1 million |
| Growth rate | 3.2% (CAGR from 2022 to 2030) |
| Largest segment | Natural flavors & fragrances |
| Fastest growing segment | Natural Flavors & Fragrances |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural Flavors & Fragrances, Aroma Chemicals |
| Key market players worldwide | Sensient Technologies Corp, MANE, Takasago International Corp, Alpha Aromatics, Ozone Naturals, Elevance Renewable Sciences, DSM Firmenich AG, Symrise AG, Vigon International, Basf SE, Indo World, Akay, Ungerer & Company, Synthite, Flavex Naturextrakte, DoTERRA, Young Living, Biolandes, International Flavors & Fragrances Inc, Givaudan SA |
Other key industry trends
- In terms of revenue, Canada accounted for 1.9% of the global flavors and fragrances market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. flavors and fragrances market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 7,431.7 million by 2030.
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Flavors And Fragrances Market Scope
Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada flavors and fragrances 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 flavors and fragrances market will help companies and investors design strategic landscapes.
Natural flavors & fragrances was the largest segment with a revenue share of 70.79% in 2022. Horizon Databook has segmented the Canada flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, there has been a rising demand for oil-based self-care practices in the recent past, thus, boosting the growth prospects of the essential oil industry. In addition, companies are adopting novel strategies such as the introduction of new product lines, identification of new application prospects, optimization of the manufacturing process, and distinctive packaging and labeling to increase their market share.
The country benefits from the presence of a well-developed agriculture sector owing to the abundant availability of natural resources such as diverse plants, freshwater, and marine & animal life. In addition, the strong demand for organic processed food and beverages is expected to contribute to market growth.
Factors such as the introduction of new and exotic flavors, changing food consumption habits, rising demand for processed foods, are expected to further drive the market over the forecast period. Some of the flavor & fragrance manufacturers include Cedarome, Givaudan, Greenfield Global, Inc., and Flavorcan International, Inc.
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Our clientele includes a mix of flavors and fragrances 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 country-level data and insights on the Canada flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Canada flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada flavors and fragrances market size, by product, 2018-2030 (US$M)
Canada Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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