PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463156
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1463156
U.S. Flavors And Fragrances Market Share, Size, Trends, Industry Analysis Report, By Type (Flavors and Fragrances); By Ingredient; By Application; Segment Forecast, 2024- 2032
The U.S. flavors and fragrances market size is expected to reach USD 8.62 billion by 2032, according to a new study by Polaris Market Research. The report "U.S. Flavors And Fragrances Market Share, Size, Trends, Industry Analysis Report, Electric Tractor Market Share, Size, Trends, Industry Analysis Report, By Type (Flavors and Fragrances); By Ingredient; By Application; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The faculties of taste and smell are pivotal in the perception of flavor and fragrance. Flavor denotes the specific taste of a substance, while fragrance relates to the delightful scent of a product. Both elements find application in a wide array of food and non-food items. Flavors, utilized as food additives, are intended to enrich the taste and aroma of ingredients in dairy products, soups, beverages, snacks, sauces, baked goods, and confectionery items. Conversely, fragrance serves as a key ingredient in imparting premium scents to consumer goods like cosmetics, dental care items, body care products, and home care products.
Spices and fragrances, often referred to as flavoring agents, are aromatic materials that enhance the aroma and flavor of pastries and cookies. Fragrances are typically compound spices made by blending several or numerous spices with diluents. Commonly used food fragrances in biscuit production include lemon, orange, coconut, strawberry, and banana, along with popular flavors like cocoa, butter, and vanilla. Water-soluble fragrances are formulated utilizing distilled water, ethanol, and propylene glycol as diluents.
Convenience foods are processed products that require minimal preparation before consumption, including frozen foods, ready-to-eat meals, shelf-stable items, and prepared mixes like cake mixes. They come in various forms, such as pre-cut vegetables, frozen meats, snacks, bottled and canned products, and ready-to-serve or ready-to-cook meals.
The growing inclination towards convenience foods is expected to boost the use of flavors and fragrances, as they are crucial components for enhancing taste and shelf life. Moreover, the busy lifestyle prevalent in both developed and developing nations is anticipated to fuel the demand for processed beverages and foods, consequently driving the need for flavors and fragrances.
U.S. Flavors And Fragrances Market Report Highlights
In 2023, the natural flavors and fragrances segment accounted for the largest market share. Natural flavors and fragrances are often perceived as more wholesome and less harmful than their synthetic counterparts, driving their popularity among health-conscious consumers.
The food and beverages segment is expected to grow at the fastest CAGR during the forecast period. As consumers seek novel taste sensations and culinary experiences, food and beverage manufacturers are continuously introducing new products and flavor variants to meet these evolving preferences.
The U.S. key market players are Alpha Aromatics, Archer-Daniels-Midland Company, Bell Flavors & Fragrances, Inc., doTERRA International, International Flavours & Fragrances Inc. (IFF), Sensient Technologies Corporation, Ungerer & Company, Vigon International, Inc, and more.
Polaris Market Research has segmented the U.S. flavors and fragrances market report based on type, ingredient, and application.
U.S. Flavors And Fragrances, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Flavors
- Fragrances
U.S. Flavors And Fragrances, Ingredient Outlook (Revenue - USD Billion, 2019 - 2032)
- Natural
- Synthetic
U.S. Flavors And Fragrances, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Food and Beverages
- Pharmaceuticals
- Beauty and Personal Care
- Others
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. U.S. Flavors And Fragrances Market Insights
- 4.1. U.S. Flavors And Fragrances Market - Industry Snapshot
- 4.2. U.S. Flavors And Fragrances Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1.Health and Wellness Trends Towards the Natural Flavors and Fragrances
- 4.2.1.2. Increasing food and beverages intake in adults had increases the demand for product
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The increasing scrutiny and regulation of synthetic ingredients and additives
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. U.S. Flavors And Fragrances Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. U.S. Flavors And Fragrances Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Flavors And Fragrances, by Type, 2019-2032 (USD Billion)
- 5.3. Flavors
- 5.3.1. U.S. Flavors And Fragrances Market, by Flavors, 2019-2032 (USD Billion)
- 5.4. Fragrances
- 5.4.1. U.S. Flavors And Fragrances Market, by Fragrances, 2019-2032 (USD Billion)
6. U.S. Flavors And Fragrances Market, by Ingredient
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Flavors And Fragrances Market, by Ingredient, 2019-2032 (USD Billion)
- 6.3. Natural
- 6.3.1. U.S. Flavors And Fragrances Market, by Natural, 2019-2032 (USD Billion)
- 6.4. Synthetic
- 6.4.1. U.S. Flavors And Fragrances Market, by Synthetic, 2019-2032 (USD Billion)
7. U.S. Flavors And Fragrances Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Flavors And Fragrances Market, by Application, 2019-2032 (USD Billion)
- 7.3. Food and Beverages
- 7.3.1. U.S. Flavors And Fragrances Market, by Food and Beverages, 2019-2032 (USD Billion)
- 7.4. Pharmaceuticals
- 7.4.1. U.S. Flavors And Fragrances Market, by Pharmaceuticals, 2019-2032 (USD Billion)
- 7.5. Beauty and Personal Care
- 7.5.1. U.S. Flavors And Fragrances Market, by Beauty and Personal Care, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. U.S. Flavors And Fragrances Market, by Others, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Alpha Aromatics
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Type Benchmarking
- 11.1.4. Recent Development
- 11.2. Archer-Daniels-Midland Company
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Type Benchmarking
- 11.2.4. Recent Development
- 11.3. Bell Flavors & Fragrances, Inc.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Type Benchmarking
- 11.3.4. Recent Development
- 11.4. doTERRA International
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Type Benchmarking
- 11.4.4. Recent Development
- 11.5. Flavorchem Corporation
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Type Benchmarking
- 11.5.4. Recent Development
- 11.6. International Flavours & Fragrances Inc. (IFF)
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Type Benchmarking
- 11.6.4. Recent Development
- 11.7. Sensient Technologies Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Type Benchmarking
- 11.7.4. Recent Development
- 11.8. Ungerer & Company
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Type Benchmarking
- 11.8.4. Recent Development
- 11.9. Vigon International, Inc.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Type Benchmarking
- 11.9.4. Recent Development
- 11.10. Young Living Essential Oils
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Type Benchmarking
- 11.10.4. Recent Development
List of Tables
- Table 1 U.S. Flavors And Fragrances Market, by Type, 2019-2032 (USD Billion)
- Table 2 U.S. Flavors And Fragrances Market, by Ingredient, 2019-2032 (USD Billion)
- Table 3 U.S. Flavors And Fragrances Market, by Application, 2019-2032 (USD Billion)
List of Figures
- Figure 1 U.S. Flavors And Fragrances Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Porter's Five Forces
- Figure 5 Market by Ingredient
- Figure 6 U.S. Flavors And Fragrances Market, by Ingredient, 2021 & 2030 (USD Billion)
- Figure 7 Market by Type
- Figure 8 U.S. Flavors And Fragrances Market, by Type, 2021 & 2030 (USD Billion)
- Figure 9 Market by Application
- Figure 10 U.S. Flavors And Fragrances Market, by Application, 2021 & 2030 (USD Billion)
- Figure 11 U.S. Flavors And Fragrances Market Assessment, By Countries, 2019-2032 (USD Billion)
- Figure 12 Strategic Analysis - U.S. Flavors And Fragrances Market
