U.S. Flavors And Fragrances Market Size & Outlook
U.S. flavors and fragrances market, 2018-2030 (US$M)
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U.S. flavors and fragrances market highlights
- The U.S. flavors and fragrances market generated a revenue of USD 5,619.9 million in 2022 and is expected to reach USD 7,431.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.6% 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 5,619.9 million |
| Market revenue in 2030 | USD 7,431.7 million |
| Growth rate | 3.6% (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, U.S. accounted for 19.3% 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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U.S. 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 76.2% in 2022. Horizon Databook has segmented the U.S. flavors and fragrances market based on natural flavors & fragrances, aroma chemicals covering the revenue growth of each sub-segment from 2018 to 2030.
In, the U.S. the flavors and fragrances market is driven by its increasing use by various end use industries including food & beverage, perfumery, personal care and cleaning and household. Moreover, the concentration of personal care companies in the country coupled with increasing demand for natural and organic products is projected to boost the market growth.
Relaxed regulations and the absence of taxes on the import of goods emerged as the primary factors influencing the demand for flavors and fragrances on a positive note across the country. The country is the largest exporter as well as importer of essential oils which is the raw material for developing flavors and fragrances.
Germany, the UK, Canada, Japan, and several other Asian nations are the major exporters of essential oils from the U.S. High raw material availability coupled with increasing demand for new and innovative products is expected to fuel the market demand across the country. Flavor & Extract Manufacturers Assoc regulates the intended use of various flavoring ingredients in food and beverages.
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Target buyers of U.S. flavors and fragrances market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into U.S. flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. flavors and fragrances market size, by product, 2018-2030 (US$M)
U.S. Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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