North America Food Ingredients Market Research Report Forecast to 2030
The North America Food Ingredients market is rapidly growing due to changing consumer preferences, increased demand for convenience foods, and technological advancements in the food industry.
The North America Food Ingredients is projected to grow at 5.8% CAGR during the forecast period, 2023–2030. In 2022, the North America Food Ingredients was dominated by US with a 89.9 % share, followed by Canada. The North American food ingredient market refers to the industry within North America that supplies a wide range of substances used in the production and formulation of food products. These ingredients include flavors, preservatives, sweeteners, emulsifiers, and additives. The market serves the needs of the food manufacturing sector by providing essential components that enhance taste, texture, appearance, and nutritional value of food products. It is driven by factors such as evolving consumer preferences, advancements in food technology, and regulatory compliance. The North American food ingredient market plays a crucial role in meeting the diverse demands of consumers and ensuring the quality, safety, and innovation of food products in the region.
Market SegmentationThe North America Food Ingredients has been segmented based on type, application, distribution channel, and country. Based on type, the North America Food Ingredients market has been segmented into flavors, color additives, preservatives, fat/oil replacers, sweeteners, stabilizers, emulsifiers, binders & thickeners, Ph control agents, nutrients, yeast, and others. The flavors segment is expected to grow at 5.2% CAGR during the forecast period. In 2022, the flavors segment held 27.7% of the North America Food Ingredients market.
Based on application, the North America Food Ingredients market has been segmented into food & beverages, pharmaceuticals, animal feed, and others. The food & beverages segment is expected to grow at 6.7% CAGR during the forecast period.
Based on distribution channel, the North America Food Ingredients market has been segmented into B2B, and B2C. The B2B segment is expected to grow at 6.2% CAGR during the forecast period. In 2022, the B2B segment held 79.9% of the North America Food Ingredients Market.
Major PlayersKerry Group plc., Cargill, Incorporated, Archer Daniels Midland, Ingredion Incorporated, Sensient Technologies Corporation, Griffith Foods, Darling Ingredients Inc., Tate & Lyle, McCormick & Company, Inc., and CP Kelco U.S., Inc. are the major players in the market
Companies MentionedKerry Group plc.
Cargill
Incorporated
Archer Daniels Midland
Ingredion Incorporated
Sensient Technologies Corporation
Griffith Foods
Darling Ingredients Inc.
Tate & Lyle
McCormick & Company
Inc.
and CP Kelco U.S.
Inc.
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