North America Natural Flavors Market Size & Outlook

The natural flavors market in North America is expected to reach a projected revenue of US$ 2,467.6 million by 2030. A compound annual growth rate of 6.5% is expected of North America natural flavors market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,584.5
Forecast, 2030 (US$M)
$2,467.6
CAGR, 2024 - 2030
6.5%
Report Coverage
North America

North America natural flavors market highlights

  • The North America natural flavors market generated a revenue of USD 1,584.5 million in 2023.
  • The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
  • In terms of segment, powder was the largest revenue generating form in 2023.
  • Powder is the most lucrative form segment registering the fastest growth during the forecast period.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.


North America data book summary

Market revenue in 2023USD 1,584.5 million
Market revenue in 2030USD 2,467.6 million
Growth rate6.5% (CAGR from 2023 to 2030)
Largest segmentPowder
Fastest growing segmentPowder
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPowder, Liquid/Gel
Key market players worldwideParker Hannifin Corp, Donaldson Co Inc, Cummins Inc, MAHLE, Biolandes, Basf SE, Symrise AG, DSM Firmenich AG, Givaudan SA, International Flavors & Fragrances Inc, Sensient Technologies Corp, Takasago International Corp, T Hasegawa Co Ltd, Robertet SA, McCormick & Co Inc, Kerry Group PLC Class A, MANE, Kava Alesio, DohlerGroup, Falcon Distribution, Blue Pacific Flavors, Stringer Flavour, DoTERRA, Flavex Naturextrakte, Universal Oleoresins, ADM


Other key industry trends

  • In terms of revenue, North America region accounted for 24.8% of the global natural flavors market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 3,969.1 million by 2030.

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Natural Flavors Market Scope

Natural flavors market segmentation & scope
Powder
Liquid/Gel
Dairy Products
Bakery & Confectionery
Supplements & Nutrition Products
Meat & Seafood Products
Snacks
Pet Foods
Sauces, Dressings & Condiments
Others
Juice & Juice Concentrates
Functional Beverages
Alcoholic Beverages
Carbonated Soft Drinks
Others
Others

Natural Flavors Market Companies

Name Profile # Employees HQ Website

North America natural 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 natural flavors market will help companies and investors design strategic landscapes.


Powder was the largest segment with a revenue share of 66.02% in 2023. Horizon Databook has segmented the North America natural flavors market based on powder, liquid/gel covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the North America natural flavors market , including forecasts for subscribers. This continent databook contains high-level insights into North America natural flavors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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North America natural flavors market size, by country, 2018-2030 (US$M)

North America Natural Flavors Market Outlook Share, 2023 & 2030 (US$M)

North America natural flavors market size, by country, 2018-2030 (US$M)

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