The U.S. flavors market is expected to reach USD 4.87
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing consumption of processed & ready-to-eat products has fostered
the demand for flavor enhancing additives to offset low food quality and
tasteless products.
Increasing consumer awareness
regarding detrimental effects of synthetic chemicals in artificial food
ingredients is expected to promote organic & natural flavor consumption.
Rising consumer disposable income and expanding food & beverage sector in
the U.S are also expected to contribute to natural extracts demand over the
forecast period.
Feed grains are also being
utilized for alternative applications such as bio-fuel generation, which has
diverted food supply to some extent in the U.S. Processed foods are thus being
consumed to a larger extent in order to counterpoise dwindling fresh food
supplies, which has driven flavors consumption to enhance taste & quality.
Beverages were the leading
application segment for liquid additives with valuation of over USD 1.39
billion in 2016. Rising demand for these additives in products such as sports
and energy, carbonated and alcoholic drinks to enhance taste and aroma is
expected to drive segment growth.
U.S. liquid flavors market
revenue by product, 2014 - 2025 (USD Million)
Browse full research report on
U.S. Flavors Market
Further key findings from
the report suggest:
- U.S. flavor
market size is expected to reach USD 4,868.4 million by 2025, growing at a
CAGR of 2.2% from 2017 to 2025
- Liquid
products are expected to remain the largest segment over the forecast
period owing to high utilization by numerous processed food manufacturers
seeking to lower production costs
- Increasing
demand for natural products and ingredients in food & beverage sector
are anticipated to drive liquid flavor extracts demand. The segment was
estimated at over USD 447 million in 2016 which is projected to grow at
highest CAGR of 3.2% over the forecast period
- Powdered
flavors was the largest category within dry products, owing to high
consumption in beer which utilizes multiple dry malts. These additives are
incorporated to offset the strong aroma & taste of ‘hops’, a key
ingredient in beer production.
- Increasing
consumption of exotic & unique textured products is also driving the
demand for dry herbs & spices. The segment is anticipated to grow at
over 1.7% CAGR over the forecast period.
- Beverages
emerged as the largest application segment in terms of revenue with over
53% volume share in 2016. The segment is also anticipated to emerge as the
fastest growing application with over 2.4% CAGR from 2017 to 2025.
- Major
industry participants include Symrise AG, Frutarom Industries Ltd.,
Givaudan SA and International Flavors & Fragrances Inc. among others
About Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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