Report : North America Dairy Flavors Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Flavor Profile (Cheese, Butter, Cream, and Others), Form (Liquid, Powder, and Paste), Category (Artificial and Natural), Nature (Dairy-based and Dairy-free), and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Soups and Sauces; Dressings, Dips, and Spreads; Beverages; and Others)
At 3.7% CAGR, the North America Dairy Flavors Market is speculated to be worth US$ 492.21 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America dairy flavors market was valued at US$ 396.30 million in 2022 and is expected to reach US$ 492.21 million by 2028, registering a CAGR of 3.7% from 2022 to 2028. Wide scope of application and surging popularity of clean label and organic food products are the critical factors attributed to the North America dairy flavors market expansion.
Dairy flavors are processed and manufactured from dairy products such as milk, butter, cheese, and cream and are available in liquid, powder, and paste formats. These flavors are intended to enhance the taste and intensity of various food products by providing them with an array of flavor profiles such as buttery, cheesy, creamy, and several other sweet and savory tastes. Dairy flavors are used in various food products such as bakery & confectionery, sweet & savory snacks, soups & sauces, dips & dressings, and frozen desserts. The food and beverages industry is growing at a rapid pace. Consumers increasingly spend on convenience food products due to their hectic lifestyles and changing consumption habits. Moreover, the trend of snacking in between the long working hours is also driving the demand for convenience foods in the region. Dairy flavors are widely used in packaged foods & beverages. They are getting popular among consumers, owing to their unique flavor and mouthfeel. Thus, the growth of the food & beverages industry, coupled with an increase in the utilization of dairy flavors in a wide range of food products, is significantly driving the North America dairy flavors market.
On the contrary, side effects of added flavors hurdles the growth of North America dairy flavors market.
Based on flavor profile, the North America dairy flavors market is segmented into cheese, butter, cream, and others. The cheese segment held 40.1% share of North America dairy flavors market in 2022, amassing US$ 159.00 million. It is projected to garner US$ 204.90 million by 2028 to expand at 4.3% CAGR during 2022–2028.
Based on form, the North America dairy flavors market is segmented into liquid, powder, and paste. The liquid segment held 46.6% share of North America dairy flavors market in 2022, amassing US$ 184.53 million. It is projected to garner US$ 226.56 million by 2028 to expand at 3.5% CAGR during 2022–2028.
Based on nature, the North America dairy flavors market is bifurcated into dairy-based and dairy-free. The dairy-based segment held 58.7% share of North America dairy flavors market in 2022, amassing US$ 232.75 million. It is projected to garner US$ 286.61 million by 2028 to expand at 3.5% CAGR during 2022–2028.
Based on category, the North America dairy flavors market is bifurcated into artificial and natural. The natural segment held 87.3% share of North America dairy flavors market in 2022, amassing US$ 345.93 million. It is projected to garner US$ 432.28 million by 2028 to expand at 3.8% CAGR during 2022–2028.
Based on application, the North America dairy flavors market is segmented into bakery and confectionery; dairy and frozen desserts; soups and sauces; dressings, dips, and spreads; beverages; and others. The bakery and confectionery segment held 31.2% share of North America dairy flavors market in 2022, amassing US$ 123.55 million. It is projected to garner US$ 142.86 million by 2028 to expand at 2.4% CAGR during 2022–2028.
Based on country, the North America dairy flavors market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.1% share of North America dairy flavors market in 2022. It was assessed at US$ 293.70 million in 2022 and is likely to hit US$ 362.95 million by 2028, exhibiting a CAGR of 3.6% during the forecast period.
Key players profiles in the North America dairy flavors market report Bluegrass Ingredients Inc; FLAVORJEN; Givaudan S.A.; JENEIL BIOTECH, INC.; Kerry Group; Sensient Technologies Corporation; Symrise; Synergy Flavors; and The Edlong Corporation, among others.
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