The North America Food Flavors Market Size is expected to be worth at USD 4.99 billion in 2024 and is projected to reach USD 6.20 billion by 2029, at a CAGR of 4.43% during the forecast period. Food flavors are added to food products to either deliver a specific flavor or to enhance an existing flavor. Flavor additives mainly include natural and synthesized flavors. They are essential part of the food processing industry to maintain and enhance the taste of a product as perishable foods after processing and preserving tend to lose their flavor over a period of time.
The market for Food Flavors in North America is mainly driven due to changing lifestyle of consumers, increase in demand for convenience food and development of global beverage industry in terms of packaging and safe logistics. Also, demand for organic and healthy food products and changing consumer preferences is also driving the market for food flavors.
But the market growth can be constrained due to rising raw material prices, bargaining power of customer and supplier, high entry barriers and price pressure on manufacturers.
North America is the biggest market in terms of market share across the globe. The North American market for food flavors is witnessing a considerable growth due to increase in packaged food consumption in developed economies of U.S. and Canada.
Major Key Players in the North America Food Flavors Market are Kerry Group, Givaudan, Firmenich, Sensient Technologies Corporation, Symrise AG, Frutarom Industries, Archer Daniels Midland Company, DohlerGroup, AGRANA Group, SVZ International B.V, SunOpta, Inc.
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