The beverage
flavoring systems market was valued at USD 3.8 billion in 2018 and is
projected to reach USD 5.2 billion by 2023, at a CAGR of 6.1% from 2018 to 2023.
The global demand for beverage flavoring systems is increasing significantly
due to the launch of advanced technologies in flavor processing, the increasing
consumer inclination toward clean-label and organic products, and favorable
regulatory environment for fortified products. Fruit & vegetable flavors
find applications in the manufacturing of juices, functional drinks, carbonated
soft drinks, alcoholic beverages, and dairy-based beverages. The Asia Pacific
region is projected to hold the largest market due to growing consumption of
carbonated soft drinks. There is also a growing demand for natural, tropical,
and exotic aromas in flavors from this region. The market for beverage
flavoring systems is set to grow, owing to the favorable regulatory policies
for the consumption of products with low sodium, low sugar, and natural
products. All these factors are expected to fuel the market growth of beverage
flavoring systems.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=138195769
The beverage flavoring systems market, on the basis of ingredient, constitutes four segments, namely,
flavoring agents; flavor enhancers; flavor carriers; and others, which include
curing & pickling agents, preservatives, acidity regulators, emulsifiers,
and stabilizers. Since consumers are becoming more health conscious, they are demanding low-salt, low-sugar, and
low-fat beverages. This has been fueling the demand for taste modulators and
taste-masking agents. The flavoring agents segment is projected to grow at a
significant rate due to the growing consumption of fortified beverages, owing
to their nutritional values.
Beverage flavoring systems market, on the basis of beverage type, is
segmented into alcoholic and non-alcoholic. The non-alcoholic segment is projected
to be the faster-growing segment due to the growing consumption of carbonated
soft drinks, juices, and functional drinks. The carbonated soft drinks and
juice industries are major application areas of flavoring systems. Consumer
demand for innovative tastes encourages flavor manufacturers to launch new
flavor products.
Beverage flavoring systems market, by form, is segmented into dry and
liquid. The liquid segment is projected to be the faster-growing segment since
liquid flavors can be easily mixed together to provide a homogeneous
distribution of each flavor component—a reason why most beverage manufacturers
prefer the usage of liquid flavors.
Download PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138195769
The launch of advanced and cost-effective flavor systems, development of
multi-functional flavor systems, and changing lifestyles coupled with the
rising demand for carbonated soft drinks in the Asia Pacific and South American
economies prove to be opportunities for this market. The growing demand for a
variety of innovative flavors in soft drinks, the launch of advanced technologies for flavor processing, and favorable
regulatory environment for fortified products coupled with growing consumer
inclination toward clean-label and organic products are some of the factors
which drive growth in the beverage flavoring systems market.
The major players in the industry are focusing on new service &
technology launches as well as attaining the leading market position through
the provision of a broad portfolio, catering to the varied requirements of the
market, along with a focus on the diverse end-user segments.
