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North America Flavors & Fragrances Market Expected Growth of 4.8% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

January 9, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 9, 2020--

The “North America Flavors and Fragrances Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The publisher expects the market to reach a value of US$ 5.7 Billion by 2024, registering a CAGR of 4.8% during 2019-2024.

The North America flavors and fragrances market reached a value of US$ 4.3 Billion in 2018. Flavor and fragrance substances are strong-smelling organic compounds with characteristic, usually a pleasant odor. They are derived either from natural sources or synthesized chemically. They are used to enhance the taste and texture of foods and beverages and help in improving the appeal of other consumer goods. The flavors and fragrances products include fragrances and flavor blends, aroma chemicals, and essential oils. Flavors are majorly used in the foods, beverages, dairy and confectionery industries, whereas, fragrances are used for providing a pleasant smell in personal care, home care, and cosmetic products.

The North America flavors and fragrances market is currently being driven by several factors. The rising demand for flavoring ingredients in bakery and confectionary items, ice-creams and other desserts, smoothies, and energy drinks are strengthening the growth of the flavors and fragrances market in the food and beverage industry of the region. Furthermore, the addition of flavors at optimal concentrations improve the taste and texture of food. Various types of chemical aromatics, essential oils, and botanical extracts are used to enhance the flavor of food and beverages, thereby making them more appealing to consumers. Apart from this, the escalating demand for flavors and fragrances in pharmaceuticals, dietary supplements, nutraceuticals, and tobacco is also impelling the market growth. In addition to this, the introduction of new flavors and fragrances along with their natural or organic counterparts are also stimulating the growth of the industry in the region.

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Flavors Market

5.1 Market Performance

5.2 Market Breakup by Product Type

5.3 Market Breakup by Form

5.4 Market Breakup by Application

5.5 Market Breakup by Region

5.6 Market Forecast

6 Global Fragrances Market

6.1 Market Performance

6.2 Market Breakup by Product Type

6.3 Market Breakup by Ingredients

6.4 Market Breakup by Region

6.5 Market Forecast

7 North America Flavors Market

7.1 Market Performance

7.2 Market Forecast

8 North America Fragrances Market

8.1 Market Performance

8.2 Market Forecast

9 North America Flavors Market: Breakup by Product Type

9.1 Natural-Identical

9.2 Artificial

9.3 Natural

10 North America Flavors Market: Breakup by Form

10.1 Liquid

10.2 Dry

11 North America Flavors Market: Breakup by Application

11.1 Beverages

11.2 Dairy and Frozen Desserts

11.3 Bakery and Confectionery Products

11.4 Savories and Snacks

11.5 Others

12 North America Fragrances Market: Breakup by Product Type

12.1 Cosmetics and Toiletries

12.2 Fine Fragrances

12.3 Household Cleaners and Air Fresheners

12.4 Soap and Detergents

12.5 Others

13 North America Fragrances Market: Breakup by Ingredients

13.1 Natural

13.2 Synthetic

14 North America Flavors and Fragrances Market: Breakup by Country

14.1 United States

14.1.1 Historical market Trends

14.1.2 Market Breakup by Segment

14.1.3 Flavors Market Breakup by Application

14.1.4 Fragrances Market Breakup by Application

14.1.5 Market Forecast

14.2 Canada

14.2.1 Historical market Trends

14.2.2 Market Breakup by Segment

14.2.3 Flavors Market Breakup by Application

14.2.4 Fragrances Market Breakup by Application

14.2.5 Market Forecast

15 SWOT Analysis

15.1 Overview

15.2 Strengths

15.3 Weaknesses

15.4 Opportunities

15.5 Threats

16 Value Chain Analysis

17 Porter’s Five Forces Analysis

17.1 Overview

17.2 Bargaining Power of Buyers

17.3 Bargaining Power of Suppliers

17.4 Degree of Rivalry

17.5 Threat of New Entrants

17.6 Threat of Substitutes

18 Price Analysis

18.1 Key rice Indicators

18.2 Price Structure

18.3 Margin Analysis

19 Competitive Landscape

19.1 Market Structure

19.2 Key Players

19.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/r45ybm

View source version on businesswire.com:https://www.businesswire.com/news/home/20200109005596/en/

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KEYWORD:

INDUSTRY KEYWORD: COSMETICS RETAIL

SOURCE: Research and Markets

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PUB: 01/09/2020 10:39 AM/DISC: 01/09/2020 10:39 AM

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