North America Natural Berry Flavor Market is predictable at USD xx.xx million in 2021 and is estimated to be over USD xx by the end of the assessment period. The North America Natural Berry Flavor Market is likely to knowledge reasonable growth highest of a CAGR of xx.xx% through the estimated period (2021-2026).
Berries are fleshy, stoneless fruits and are generally produced from a single flower that has an ovary. Berries are considered one of the juiciest types of food due to their large amount of water and their delicious smell. Berries are rich in vitamin C and contribute to radiant skin and healthy hair. These components of the berries are known to be beneficial for the skin. Also, they smell good. Vitamin C is a powerful antioxidant found in berries.
Market Drivers and Restraints:
The high purchasing power of consumers and the increase in the level of income per capita are among the main factors that are expected to drive the growth of the market. Additionally, strong growth in the food and beverage industry, along with growing demand for products such as cakes, jams, and cakes, is expected to drive the market demand for natural berry flavorings throughout the year—2021 to 2028.
In addition, changes in eating habits and increased awareness of the health benefits of natural berry flavorings are also likely to drive growth in the market for natural berry flavors. In addition, increased consumer health awareness and rapid urbanization associated with lifestyle change are expected to create several new opportunities for the natural berry flavor market during the forecast period from 2021 to 2026.
However, the high cost involved in preparing the natural berry flavoring coupled with the increasing cost of raw materials is hampering the growth rate of the natural berry flavoring market, while the various problems related to consistency and the sustainability of natural flavors compared to synthetic flavors may present a challenge for the natural berry flavoring market during the forecast period mentioned above.
Impact of COVID-19 on North America Natural Berry Flavor Market
The coronavirus pandemic is expected to have a moderate and unfavorable impact on the global market. Unavailability of the raw materials due to disruptions in the supply chain degraded the demand of the market. Additionally, due to government initiatives such as closures, manufacturing plants have also been closed due to limited manpower available.
All of these factors have had a cumulative impact on the entire supply chain that has had a negative impact on the market. However, after the pandemic, it is believed that the market for natural berry flavors will experience an optimistic growth trend, due to the rise in the number of consumers who prefer natural berry flavor and the like, the evolution of the patterns of consumption of the consumer's life towards a healthier diet. Therefore, the market should stagnate until the fourth quarter of 2020.
North America has dominated the market for natural berry flavors due to increased demand and the use of natural flavors that enhance flavor and are free of artificial ingredients, preservatives, and sugar. US natural berry market has been significantly growing at a higher pace from the past few years. Canada's natural berry market is expected to have the dominant shares by the end of 2026.
Firmenich SA had the largest share of the North America Natural Berry Flavor Market in terms of sales revenue in 2021.
The North America Natural Berry Flavor Market is concentrated with well-established players. Key players in the North America Natural Berry Flavor Market include
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 North America Natural Berry Flavor Market, By Product Type
6.1.1 Chemical flavorings
6.1.2 Natural extracts
6.1.3 Essential oils
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 North America Natural Berry Flavor Market, By Application
6.2.1 Functional beverages
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 North America Natural Berry Flavor Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Product Type
7.2.3 By Application
8. Key Player Analysis
8.1 Firmenich SA
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Takasago International Corporation
8.4 Wild Flavors and Specialty Ingredients
8.5 Sensient Technologies Corporation
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures