U.S. Flavors Market Size & Outlook, 2022-2030
U.S. flavors market, 2017-2030 (US$M)
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U.S. flavors market highlights
- The U.S. flavors market generated a revenue of USD 3,558.8 million in 2022 and is expected to reach USD 5,240.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5% 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 2022 | USD 3,558.8 million |
| Market revenue in 2030 | USD 5,240.4 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Food |
| Fastest growing segment | Beverages |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food, Beverages, Others (Tobacco products, pharmaceuticals, etc.) |
| Key market players worldwide | Givaudan 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, U.S. accounted for 19.5% 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 Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 65.42% in 2022. Horizon Databook has segmented the U.S. flavors market based on food, beverages, others (tobacco products, pharmaceuticals, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.
Reasons to subscribe to U.S. flavors market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of U.S. flavors market databook
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Our clientele includes a mix of flavors 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 market , including forecasts for subscribers. This country databook contains high-level insights into U.S. flavors market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. flavors market size, by application, 2017-2030 (US$M)
U.S. Flavors Market Outlook Share, 2022 & 2030 (US$M)
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