Canada Natural Flavors And Fragrances Market Size & Outlook
Canada natural flavors and fragrances market, 2018-2030 (US$M)
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Canada natural flavors and fragrances market highlights
- The Canada natural flavors and fragrances market generated a revenue of USD 391.0 million in 2022 and is expected to reach USD 516.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Oleoresins is the most lucrative product segment registering the fastest growth during the forecast period.
Natural flavors and fragrances market data book summary
| Market revenue in 2022 | USD 391.0 million |
| Market revenue in 2030 | USD 516.3 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Oleoresins |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential Oils, Oleoresins |
| Key market players worldwide | MANE, Blue Pacific Solar, Biolandes, Young Living, Basf SE, Symrise AG, Falcon Oil & Gas Ltd, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Flavex Naturextrakte, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, Canada accounted for 1.8% of the global natural 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. natural 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 5,722.4 million by 2030.
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Natural Flavors And Fragrances Market Scope
Natural Flavors And Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada natural 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 natural flavors and fragrances market will help companies and investors design strategic landscapes.
Essential oils was the largest segment with a revenue share of 88.41% in 2022. Horizon Databook has segmented the Canada natural flavors and fragrances market based on essential oils, oleoresins covering the revenue growth of each sub-segment from 2018 to 2030.
Natural flavors & fragrances market in Canada has been growing significantly over the past few years owing to their increased applications in various food products and beverages. The country is witnessing a surged demand for specific flavors and fragrances ingredients such as fir needle, and cedar oil. Canada benefits from its well-established and developed agriculture industry.
According to the government of the country, agriculture emerged as a major contributor to the economy of Canada in 2021. This industry, in 2021, accounted for a share of 6.8% of the GDP of the country. Thus, the flourishing agriculture industry in Canada makes easy and adequate availability of raw materials for producing various fragrances and flavors.
In addition, there has been an increase in demand for specific essential oils such as cedar leaf oil and fir needle oil. Cedar and fir needle are native plants, which are found in abundance in Canada. The essential oils extracted from these plants are often used in aromatherapy. Such factors are responsible for the overall growth of natural flavors & fragrance market in Canada.
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Our clientele includes a mix of natural 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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into Canada natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada natural flavors and fragrances market size, by product, 2018-2030 (US$M)
Canada Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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