US Organic Food Flavors Market by Source, Application: Opportunity Analysis and Industry Forecast, 2021-2026
PORTLAND, OR, USA, Sept. 20, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the US organic food flavoring market generated $112.0 million in 2020 and is expected to reach $234.3 million by 2026, witnessing a CAGR of 13.3% from 2021 to 2026. The report provides detailed analysis of changing market dynamics, major segments, value chain, main pockets of investment, the regional scenario and the competitive landscape.
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Rising side effects of artificial flavors and increased health awareness among consumers are driving the growth of the US organic food flavoring market. However, the shortage of raw materials, the higher costs of organic farming and the difficulties in obtaining organic certification limit the market to some extent. On the other hand, the increase in the number of end-use applications presents new opportunities in the coming years.
The outbreak of the COVID-19 pandemic has had a mixed impact on the US organic food flavoring market.
The pandemic has led to the temporary closure of flavor production centers, supply chain disruption and labor shortage, which in turn has hampered the growth of the market, especially during the phase. initial.
On the other hand, the demand for organic food flavors has increased as people have become more health conscious since the pandemic.
The report offers a detailed segmentation of the US Organic Food Flavors market on the basis of product type and distribution channel.
On the basis of product type, the fruit and vegetable segment held the highest market share in 2016, holding about a quarter of the total market share, and is expected to maintain its leading status during the forecast period. . Moreover, the same segment is estimated to register the highest CAGR of 14.5% from 2021 to 2026. The report discusses other segments such as spices, herbs, meat, seafood and poultry .
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Based on the distribution channel, the beverage segment held the largest market share in 20216, holding more than a quarter of the total market share, and is expected to maintain its leading status during the forecast period. Moreover, the nutrition and supplements segment is expected to register the highest CAGR of 14.3% from 2021 to 2026.
Key Players of US Organic Food Flavors Market analyzed in the research include Firmenich SA, Symrise AG, The Archer-Daniels-Midland Company, Nature’s Flavors Inc., Sovereign Flavors, Monster Beverage Corporation, Allen Flavors, Inc., Aromatech SAS, Blue Pacific Flavors, Inc. and Gold Coast Ingredients, Inc.
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