North America Liquid Flavor Market Size & Outlook, 2023-2030
North America liquid flavor market highlights
- The North America liquid flavor market generated a revenue of USD 3,610.4 million in 2023.
- The market is expected to grow at a CAGR of 1.7% from 2024 to 2030.
- In terms of segment, organic flavor concentrates was the largest revenue generating product in 2023.
- Organic Flavor Concentrates is the most lucrative product segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 3,610.4 million |
| Market revenue in 2030 | USD 4,052.5 million |
| Growth rate | 1.7% (CAGR from 2024 to 2030) |
| Largest segment | Organic flavor concentrates |
| Fastest growing segment | Organic Flavor Concentrates |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic Flavor Concentrates |
| Key market players worldwide | Symrise AG, International Flavors & Fragrances Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 31.5% of the global liquid flavor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,170.1 million by 2030.
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Liquid Flavor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Symrise AG | View profile | 12435 | Muhlenfeldstrasse 1, Holzminden, ST, Germany, 37603 | https://www.symrise.com |
| International Flavors & Fragrances Inc | View profile | 21500 | 521 West 57th Street, New York, NY, United States, 10019-2960 | https://www.iff.com |
North America liquid flavor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to liquid flavor market will help companies and investors design strategic landscapes.
Organic flavor concentrates was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America liquid flavor market based on organic flavor concentrates covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of North America liquid flavor market databook
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Our clientele includes a mix of liquid flavor market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America liquid flavor market , including forecasts for subscribers. This continent databook contains high-level insights into North America liquid flavor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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