Canada Flavors Market Size & Outlook, 2022-2030

The flavors market in Canada is expected to reach a projected revenue of US$ 452.0 million by 2030. A compound annual growth rate of 3.8% is expected of Canada flavors market from 2023 to 2030.
Revenue, 2022 (US$M)
$334.2
Forecast, 2030 (US$M)
$452.0
CAGR, 2023 - 2030
3.8%
Report Coverage
Canada

Canada flavors market highlights

  • The Canada flavors market generated a revenue of USD 334.2 million in 2022 and is expected to reach USD 452.0 million by 2030.
  • The Canada market is expected to grow at a CAGR of 3.8% from 2023 to 2030.
  • In terms of segment, food was the largest revenue generating application in 2022.
  • Beverages is the most lucrative application segment registering the fastest growth during the forecast period.


Flavors market data book summary

Market revenue in 2022USD 334.2 million
Market revenue in 2030USD 452.0 million
Growth rate3.8% (CAGR from 2022 to 2030)
Largest segmentFood
Fastest growing segmentBeverages
Historical data2017 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood, Beverages, Others (Tobacco products, pharmaceuticals, etc.)
Key market players worldwideGivaudan SA, DSM, 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, Canada accounted for 1.8% of the global flavors 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 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 5,240.4 million by 2030.

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Flavors Market Scope

Flavors market segmentation & scope
Dairy Products
Bakery & Confectionery
Supplements & Nutrition Products
Meat & Seafood Products
Snacks
Pet Foods
Sauces, Dressings & Condiments
Others (plant-based food, baby food, etc.)
Juices & Juice Concentrates
Functional Beverages
Alcoholic Beverages
Carbonated Soft Drinks
Others (Smoothies, Coffee, etc.)
Others (Tobacco products, pharmaceuticals, etc.)
Natural
Synthetic
Powder
Liquid/Gel

Flavors Market Companies

Name Profile # Employees HQ Website

Canada flavors 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 market will help companies and investors design strategic landscapes.


Food was the largest segment with a revenue share of 65.02% in 2022. Horizon Databook has segmented the Canada flavors market based on food, beverages, others (tobacco products, pharmaceuticals, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.


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Target buyers of Canada flavors market databook

  • Our clientele includes a mix of flavors market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 Canada flavors market , including forecasts for subscribers. This country databook contains high-level insights into Canada flavors market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Canada flavors market size, by application, 2017-2030 (US$M)

Canada Flavors Market Outlook Share, 2022 & 2030 (US$M)

Canada flavors market size, by application, 2017-2030 (US$M)

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