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Pulished Date October, 2021
ID: 12232
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North America Natural Berry Flavor Market by Application (Functional Beverages, Confectionery, Dairy Product, Bakery, and Others), by Product Type (Aroma Chemical, Natural Extract, Essential Oils, and Other Natural Flavor), and country, In-Depth Analysis, Forecast Data, Market Share, And Detailed Overview, and Forecast, 2021-2026

Pulished: October, 2021
ID: 12232
Pages: 135

North America Natural Berry Flavor Market Analysis Report 2021-2026

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.

Recent Developments

  1. Synergy focused primarily on sweet flavors for the beverage, nutrition, confectionery, dairy, and plant categories, making the acquisition of the savory flavor specialist Innova a way to complete its offering. Synergy President and CEO Rod Sowders said in a statement. According to a study by the NPD Group, about 89% of plant-based food consumers eat meat, making them an informed public. The flavor and texture must match for a product to be successful.
  2. Berry Plastics Group, Inc. and AVINTIV Inc. declared that they had come into a conclusive contract for Berry Plastics to purchase AVINTIV from managed private equity funds by The Blackstone Group LP for approximately $ 2.45 billion in cash debt and cash basis. Berry Plastics has secured debt financing to fund the transaction and plans to use strong and recession-resistant free cash flow from the combined operations to reduce leverage due to the transaction.
  3. Based in Bakersfield, California, said Friday that it struck a deal with a private seller to acquire a 50% stake in natural gas assets in the Piceance Basin in western Colorado for about $ 150 million dollars cash. The company has identified more than 600 drill locations based on a 10-acre space reduction.

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.

Market Segmentation:

Application:

  • Functional beverages
  • Confectionery
  • Dairy
  • Bakery
  • Others

Product type:

  • Chemical flavorings
  • Natural extracts
  • Essential oils
  • Others

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.

Regional Analysis:

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. 

Leading Company

Firmenich SA had the largest share of the North America Natural Berry Flavor Market in terms of sales revenue in 2021.

Key Players

The North America Natural Berry Flavor Market is concentrated with well-established players. Key players in the North America Natural Berry Flavor Market include 

  • Firmenich SA 
  • Givaudan 
  • Takasago International Corporation
  • Wild Flavors and Specialty Ingredients
  • Sensient Technologies Corporation

1. Introduction                                 

                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                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                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         

                                5.1.2 Products/Service 

                                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           

                                6.1.4 Others      

                                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         

                                6.2.2 Confectionery       

                                6.2.3 Dairy          

                                6.2.4 Bakery      

                                6.2.5 Others      

                                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              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Product Type   

                                7.2.3 By Application       

8. Key Player Analysis                                    

                8.1 Firmenich SA                              

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Givaudan                     

                8.3 Takasago International Corporation                 

                8.4 Wild Flavors and Specialty Ingredients                           

                8.5 Sensient Technologies Corporation                  

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped
  • The segment-level analysis in terms of product type, the application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Natural Berry Flavor Market By Product Type, From 2021-2026 ( USD Billion )
  2. North America Chemical flavorings Market By Region, From 2021-2026 ( USD Billion )
  3. North America Natural extracts Market By Region, From 2021-2026 ( USD Billion )
  4. North America Essential oils Market By Region, From 2021-2026 ( USD Billion )
  5. North America Others Market By Region, From 2021-2026 ( USD Billion )
  6. North America Natural Berry Flavor Market By Application, From 2021-2026 ( USD Billion )
  7. North America Functional beverages Market By Region, From 2021-2026 ( USD Billion )
  8. North America Confectionery Market By Region, From 2021-2026 ( USD Billion )
  9. North America Dairy Market By Region, From 2021-2026 ( USD Billion )
  10. North America Bakery Market By Region, From 2021-2026 ( USD Billion )
  11. North America Others Market By Region, From 2021-2026 ( USD Billion )
  12. United States Natural Berry Flavor Market By Product Type, From 2021-2026 ( USD Billion )
  13. United States Natural Berry Flavor Market By Application, From 2021-2026 ( USD Billion )
  14. Canada Natural Berry Flavor Market By Product Type, From 2021-2026 ( USD Billion )
  15. Canada Natural Berry Flavor Market By Application, From 2021-2026 ( USD Billion )

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