U.S. Natural Flavors And Fragrances Market Size & Outlook
U.S. natural flavors and fragrances market, 2018-2030 (US$M)
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U.S. natural flavors and fragrances market highlights
- The U.S. natural flavors and fragrances market generated a revenue of USD 4,282.3 million in 2022 and is expected to reach USD 5,722.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
- In terms of segment, essential oils was the largest revenue generating product in 2022.
- Essential Oils 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 4,282.3 million |
| Market revenue in 2030 | USD 5,722.4 million |
| Growth rate | 3.7% (CAGR from 2022 to 2030) |
| Largest segment | Essential oils |
| Fastest growing segment | Essential Oils |
| 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, U.S. accounted for 19.7% 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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U.S. 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 88.48% in 2022. Horizon Databook has segmented the U.S. 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 the U.S. is projected to witness significant growth during the forecast period owing to the increased application of these products in personal care products cleaning and household products food and beverages and perfumeries.
The rising demand for different flavors and fragrances in the country can be attributed to the stronghold of flavor and fragrance manufacturers in the U.S. Companies such as ADM, McCormick, and Sensient Technologies Corporation have a strong hold on regional and international markets.
The intended usage of different flavoring substances and fragrances in various food products and beverages in the U.S. is governed by the Flavor and Extract Producers Association of the country. The Fair Packaging and Labeling Act (FPLA) and the Federal Food, Drug, and Cosmetic Act (FD&C Act) are two significant laws applicable to flavors and fragrances used in food products and beverages in the U.S.
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Target buyers of U.S. natural flavors and fragrances market databook
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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 U.S. natural flavors and fragrances market , including forecasts for subscribers. This country databook contains high-level insights into U.S. natural flavors and fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. natural flavors and fragrances market size, by product, 2018-2030 (US$M)
U.S. Natural Flavors And Fragrances Market Outlook Share, 2022 & 2030 (US$M)
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