Portland, OR, Jan. 11, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the U.S. Organic Food Flavors market generated $112.0 million in 2020, and is projected to reach $234.3 million by 2026, witnessing a CAGR of 13.3% from 2021 to 2026. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
Surge in side effects of artificial flavors and rise in health awareness among consumers drive the growth of the U.S. Organic Food Flavors market. However, shortage in supply of raw materials, higher costs of organic farming, and difficulties in getting organic certification restrain the market to some extent. On the other hand, rise in number of end-use applications present new opportunities in the upcoming years.
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- The outbreak of the COVID-19 pandemic has had a mixed impact on the U.S. Organic Food Flavors market.
- The pandemic led to temporary closure of flavor production hubs, disrupted supply chain, and shortage of labor force, which in turn, hampered the market growth, especially during the initial phase.
- On the other hand, demand for organic food flavor has happened to increase as people have become more health conscious since the pandemic.
The report offers detailed segmentation of the U.S. Organic Food Flavors market based on product type and distribution channel.
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Based on product type, the fruit & vegetable segment held the highest market share in 2016, holding around one-fourth of the total market share, and is expected to continue its leadership 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, & poultry.
Based on distribution channel, the beverages segment held the largest market share in 20216 holding more than one-fourth of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the nutrition & supplements segment is projected to register the highest CAGR of 14.3% from 2021 to 2026.
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Leading players of the U.S. 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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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.