According to Future Market Insights, the United States food flavors market is expected to reach a valuation of US$ 17,181 million in 2033
The food flavouring sector is rapidly developing as customer desire for innovative flavour sensations grows. Natural and organic flavours are being promoted, resulting in an increase in the number of new product options on the market. Consumer tastes are shifting, and the food and beverage industry is increasing, driving market growth.
In the United States, rising demand for frozen meals, bottled sauces, and fast food has spurred the food flavourings industry. Frozen food is said to be the main source of income for food businesses because it is convenient and saves time.
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Sauces in a jar can instantly improve the flavour of a variety of foods. Because they are economical and simple to prepare, instant dinners are becoming increasingly popular in the United States. In the United States, demand for flavourings is rising in parallel with the popularity of these foods. Big players are working on developing new tastes in order to boost sales over the next ten years.
As a result of the growing demand for food products created for convenience, manufacturers are now offering more flavour options than ever before. This would also boost the food flavourings business in the United States. The health benefits of eating flavoured foods, such as fruits and vegetables, are expected to drive the food flavouring market by motivating customers to try new meals.
Moreover, inclination towards maintaining a healthy diet along with preference for natural ingredients is contributing to growth in the food flavors market. Hence, manufacturers are increasingly focusing on providing healthy products to cater to this trend. Consequently, stringent government regulations pertaining to the safety and nutritional values provided by food flavors will spur the growth in the U.S. food flavors market.
Key Takeaways from the Food Flavors Market
- The U.S. food flavors market is estimated to surpass US$ 1.5 Bn by the end of 2032.
- By 2031, the U.S. is expected to account for 3% of share in the global food flavors market.
- The food flavors market in the U.S. accounted for a significant valuation in the base year.
- Growing demand for frozen food is likely to boost the demand for food flavors during the forecast period.
Leading companies are adopting numerous organic growth strategies, including the launch of several new flavors and citrus oil to gain revenue. Additionally, they are relying on partnerships, acquisitions, and joint ventures to expand their clientele and maintain their foothold in the industry.
Archer Daniels Midland, International Flavors & Fragrances, and Kerry Group are the leading giants in the U.S. food flavors market.
Recent Developments
- In March 2020, International Flavors & Fragrances joined hands with Evolva, a Swiss biotech firm, to further develop and commercialize vanillin.
- In March 2019, Archer Daniels Midland (ADM) agreed to buy the Ziegler Group, a renowned European supplier of natural citrus components. Ziegler manufactures citrus oils, extracts, and concentrates in addition to providing its citrus flavors. ADM will have a dominant position in the citrus flavoring sector as a result of this transaction.
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Food Flavors Industry Segmentation
By Form:
- Powder
- Liquid
By Product:
- Natural
- Artificial
By Application:
- Food & Nutrition
- Bakery & Confectionery
- Beverages
- Sauces & Dressings
- Dairy & Frozen Desserts
- Snacks
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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