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North America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030
North America Fermented Flavor and Fragrance Ingredients Market Forecast to 2030 – Regional Analysis – By Type (Fruity, Floral, Woody, Blends, and Others) and Application (Food and Beverages, Personal Care Products, Cosmetics, and Others)
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Description
Rising Sustainability Concerns Fuel North America Fermented Flavor and Fragrance Ingredients Market
Over the past few years, climate change has affected the earth’s natural ecosystems and posed a significant threat to the well-being of people. Thus, consumers are becoming conscious of the environmental impact associated with the products they use and assert a preference for sustainable ones. They are willing to pay extra for products and services from companies committed to sustainability principles, such as a positive environmental and social impact. Thus, the industry’s practices are evolving to meet the health-consciousness of consumers and demands for sustainability and environmental benefits.
Flavors and fragrances made via synthetic extraction processes consist of chemicals and other fossil fuels, which can harm the environment and human health. The flavors and fragrances made using fossil fuels increase carbon (CO2) emissions and greenhouse gas emissions. For instance, synthetic vanilla flavor called vanillin is significantly more used flavor than natural vanilla flavors owing to its affordability and availability. But vanillin is synthetically manufactured from fossil fuel and wood pulp. Moreover, the yield of natural vanilla flavor extracted from vanilla pods is extremely low. It takes 500 Kg of vanilla pods to obtain 1 Kg of flavor. Thus, both the traditionally used natural process and synthetic process of flavors and fragrances are not sustainable. Similarly, the production of raspberry aroma by farming would require more than 100 metric ton of raspberries, which translates to ~40 football fields of cultivated acreage-a highly unsustainable use of land. Thus, the production of synthetic ingredients as well as traditionally produced natural ingredients can harm the environment.
Fermentation is an alternative technology developed to produce flavors and fragrances through sustainable methods and is also considered “natural.” According to the US Environmental Protection Agency (EPA), Bioengineering for Pollution Prevention study, fermentation is a more sustainable method of production than traditional chemical synthesis because it is more resource-efficient and generates fewer byproducts. Thus, the flavors and fragrances produced by fermentation do not harm the environment and are labeled as natural and sustainable ingredients. Thus, rising sustainability concerns among end-use industries such as food & beverages, perfumeries, cosmetics, and personal care boost the demand for fermented flavors and fragrances across the globe, thereby favoring the market growth.
North America Fermented Flavor and Fragrance Ingredients Market Overview
North America holds a prominent share of the global fermented flavor and fragrance ingredients market. The expanding role of biotechnology in producing flavors and fragrances is considered one of the major factors contributing to the market growth. Moreover, the well-established end-use industry in the region boosts the demand for flavors and fragrances, as these additives are suitable for various industries such as food & beverages, personal care and cosmetics, perfumes and fragrances, and home care products. Also, flavors and fragrances derived from fermentation technology are considered ‘natural’ by the Food and Drugs Administration (FDA) which drives its demand in food & beverages industry.
Furthermore, the rising awareness about the hazardous effects of synthetic flavors and fragrances boosts the demand for natural flavors and fragrances. Additionally, government authorities, such as the WHO and FDA, have recognized the hazardous effects of synthetic additives and have laid down guidelines for manufacturers that use such ingredients in food products. As a result, the demand for clean-label products has surged owing to increasing health consciousness among consumers, and the demand for fermented flavors and fragrances has picked up pace in the region. Similar to the food & beverage industry, the demand for clean-label ingredients is also increasing among cosmetic and personal care products manufacturers. Thus, the factors mentioned above contribute to the growth of the fermented flavor and fragrance ingredients market in North America.
North America Fermented Flavor and Fragrance Ingredients Market Revenue and Forecast to 2030 (US$ Million)
North America Fermented Flavor and Fragrance Ingredients Market Segmentation
The North America fermented flavor and fragrance ingredients market is categorized into type, application, and country.
Based on type, the North America fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held the largest North America fermented flavor and fragrance ingredients market share in 2022.
In terms of application, the North America fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held the largest North America fermented flavor and fragrance ingredients market share in 2022.
By country, the North America fermented flavor and fragrance ingredients market is segmented into the US, Canada, and Mexico. The US dominated the North America fermented flavor and fragrance ingredients market share in 2022.
Jeneil Biotech Inc, Dohler GmbH, Takasago International Corp, Givaudan SA, BASF SE, Firmenich International SA, Amyris Inc, Conagen Inc, and Evolva Holding SA are some of the leading companies operating in the North America fermented flavor and fragrance ingredients market.
Summary Info
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According toThe Research Team’ research, the North America fermented flavor and fragrance ingredients market was valued at US$ 377.49 million in 2022 and is expected to reach US$ 773.91 million by 2030, registering a CAGR of 9.4% from 2022 to 2030. Surging demand for “clean label” and “non-GMO” products and rising sustainability concerns are among the critical factors attributed to drive the North America fermented flavor and fragrance ingredients market growth.
Consumers are highly concerned about their diet owing to which they pay extra attention to product labels and additives used in processed products such as food, beverages, cosmetics, and personal care products. Consumers are increasingly seeking clean label (products free from synthetic additives and preservatives) and non-GMO (products made without genetic engineering and whose ingredients are not derived from GMOs) products. This shifting trend has made it challenging for manufacturers to satisfy the demand from their procurement point of view. The end product manufactured using the fermentation process is labeled as clean, and consumers increasingly prefer these products as they are free of synthetic ingredients. Furthermore, they focus on holistic and conscious consumption and prefer products made with ethically sourced additives.
Fermentation is regarded as a natural process by the Food and Drugs Administration (FDA), and fermented flavors are considered “natural flavor.” For instance, Solvay is producing vanillin using naturally occurring yeast and claiming the products as “natural.” Thus, the increasing demand for natural flavors among various end-use industries boosts the demand for fermented flavors and fragrances. Additionally, fermented flavors and fragrances are manufactured using genetically engineered microbes. For example, Evolva claimed their fermented vanillin is non-GMO as it is made of genetically engineered yeast. Thus, an upsurging demand for clean-label and non-GMO products is expected to remain a growing trend in the fermented flavor and fragrance ingredients market in the coming years.
On the contrary, high product costs hamper the growth of North America fermented flavor and fragrance ingredients market.
Based on type, the North America fermented flavor and fragrance ingredients market is divided into fruity, floral, woody, blends, and others. The fruity segment held 36.4% North America fermented flavor and fragrance ingredients market share in 2022, amassing US$ 137.46 million. It is projected to garner US$ 277.70 million by 2030 to register 9.2% CAGR during 2022-2030.
In terms of application, the North America fermented flavor and fragrance ingredients market is categorized into food and beverages, personal care products, cosmetics, and others. The others segment held 40.8% share of North America fermented flavor and fragrance ingredients market in 2022, amassing US$ 154.07 million. It is projected to garner US$ 304.40 million by 2030 to expand at 8.9% CAGR from 2022 to 2030.
Based on country, the North America fermented flavor and fragrance ingredients market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.3% share of North America fermented flavor and fragrance ingredients market in 2022. It was assessed at US$ 306.71 million in 2022 and is likely to hit US$ 627.02 million by 2030, registering a CAGR of 9.4% during 2022-2030.
Key players operating in the North America fermented flavor and fragrance ingredients market are Jeneil Biotech Inc, Dohler GmbH, Takasago International Corp, Givaudan SA, BASF SE, Firmenich International SA, Amyris Inc, Conagen Inc, and Evolva Holding SA, among others.
In December 2023, Takasago International Corp launched Clean Beauty Collective’s new Clean Reserve H2EAU in collaboration with Sephora. This product aims to serve people with sensitive skin, and the product is ethyl alcohol-free.
In February 2023, Givaudan SA partnered with biotech company Amyris to acquire primary cosmetic ingredients, including high-performance emollient Neossance Squalane, plant-based silicone alternative Neossance Hemisqualane, and sustainable sun protector CleanScreen. The long-term partnership agreement will allow Amyris to continue manufacturing cosmetic ingredients for Givaudan and provide access to its innovation capabilities. Givaudan will become the commercialization partner for future sustainable beauty ingredients. Amyris’ ingredients are used in over 20,000 products from top brands, reaching over 300 million consumers. The deal includes an upfront cash consideration and performance-based earnout.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America fermented flavor and fragrance ingredients market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America fermented flavor and fragrance ingredients market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Fermented Flavor and Fragrance Ingredients Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Distributors or Suppliers
4.3.4 End-Use Industries
4.3.5 List of Vendors in the Value Chain
5. North America Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Sustainability Concerns
5.1.2 Strategic Development Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 High Product Costs
5.3 Market Opportunities
5.3.1 Technological Advancements
5.4 Future Trends
5.4.1 Surging Demand for “Clean Label” and “Non-GMO” Products
5.5 Impact of Drivers and Restraints:
6. Fermented Flavor and Fragrance Ingredients Market – North America Market Analysis
6.1 North America Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
6.2 North America Fermented Flavor and Fragrance Ingredients Market Forecast Analysis
7. North America Fermented Flavor and Fragrance Ingredients Market Analysis – by Type
7.1 Fruity
7.1.1 Overview
7.1.2 Fruity: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Floral
7.2.1 Overview
7.2.2 Floral: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Woody
7.3.1 Overview
7.3.2 Woody: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Blends
7.4.1 Overview
7.4.2 Blends: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Fermented Flavor and Fragrance Ingredients Market Analysis – by Application
8.1 Food and Beverages
8.1.1 Overview
8.1.2 Food and Beverages: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Personal Care Products
8.2.1 Overview
8.2.2 Personal Care Products: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Cosmetics
8.3.1 Overview
8.3.2 Cosmetics: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Fermented Flavor and Fragrance Ingredients Market – Country Analysis
9.1 North America Market Overview
9.1.1 North America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.1 North America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast Analysis – by Country
9.1.1.2 US: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 US: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.2.2 US: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.3 Canada: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Canada: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.3.2 Canada: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
9.1.1.4 Mexico: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Mexico: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Type
9.1.1.4.2 Mexico: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Jeneil Biotech Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Dohler GmbH
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Takasago International Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Givaudan SA
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 BASF SE
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Firmenich International SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Amyris Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Conagen Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Evolva Holding SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Research Team
Table 1. North America Fermented Flavor and Fragrance Ingredients Market Segmentation
Table 2. List of Vendors
Table 3. North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. North America: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 7. US: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 8. US: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. Canada: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 10. Canada: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 11. Mexico: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. Mexico: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Heat Map Analysis by Key Players
Figure 1. North America Fermented Flavor and Fragrance Ingredients Market Segmentation, by Country
Figure 2. Porter’s Five Forces Analysis: North America Fermented Ingredients for Flavors and Fragrances Market
Figure 3. Ecosystem: North America Fermented Flavor and Fragrance Ingredients Market
Figure 4. North America Fermented Flavor and Fragrance Ingredients Market – Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Fermented Flavor and Fragrance Ingredients Market Revenue (US$ Million), 2020-2030
Figure 7. North America Fermented Flavor and Fragrance Ingredients Market Share (%) – by Type (2022 and 2030)
Figure 8. Fruity: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Floral: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Woody: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Blends: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Fermented Flavor and Fragrance Ingredients Market Share (%) – by Application (2022 and 2030)
Figure 14. Food and Beverages: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Personal Care Products: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Cosmetics: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Others: North America Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. North America: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Key Countries, (2022) (US$ Mn)
Figure 19. North America: Fermented Flavor and Fragrance Ingredients Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 20. US: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 21. Canada: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Mexico: Fermented Flavor and Fragrance Ingredients Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Company Positioning & Concentration
The List of Companies – North America Fermented Flavor and Fragrance Ingredients Market
o Jeneil Biotech Inc
o Dohler GmbH
o Takasago International Corp
o Givaudan SA
o BASF SE
o Firmenich International SA
o Amyris Inc
o Conagen Inc
o Evolva Holding SA
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