The Beverage Flavoring Systems Market: Growing consumer consciousness and rising disposable coupled with a rapid increase in population will drive the business expansion

The Beverage Flavoring Systems Market is projected to grow from USD 4.05 billion in 2020 to USD 6.03 billion by 2027, at a compound annual growth rate (CAGR) of 5.86 % during the forecast period. Growing demand for low-sugar and low sugar substitute drinks is one of the key factors which is driving the growth of the global beverage Flavouring systems market. In addition, consumers shifting towards clean-label and organic products and a rise in demand for a variety of flavors in soft drinks across the globe are also driving the global beverage Flavouring systems market. Rise in consumer awareness regarding health problems such as obesity and diabetes, which will further enhance the demand for low-fat beverages in the market. Even, as consumer demand for innovative tastes which also encourages manufacturers to launch new flavors products in the market. However, the availability of natural sources of high-quality raw material is limited, and growing awareness related to food additives are the factors which will hinder the global beverage Flavouring systems market.

Rapid growth in consumption of beverages with low sugars and less artificial ingredients with functionality including hydration, high in nutrients, better immune support and digestive wellness will drive the beverage Flavouring systems market. Increasing sports activities and daily yoga regime will surge the demand for fruit juice and healthy drinks. Further innovations & launches in the ready-to-drink segment is positively influencing product penetration. For instance, in February 2019, Coca Cola Introduced a grape juice-based sparkling drink in India to cater the robust demand for non-alcoholic segment.

New technologies developed by the manufacturers to reduce sugar content will foster the market share for beverage Flavouring systems. Further, increasing demand for encapsulated flavors supported by manufacturers focuses on increasing the production capacity will escalate the business advancement. For instance, in May 2019, Symrise expanded its encapsulation capacity in the U.S. Flavor encapsulation is increasingly used by manufacturers to limit the flavor loss during various processes & storage and provide a control-release in a specific environment. However, high investments for installation of encapsulation technology and the high cost of the product may restraint the business expansion.

The key players in the beverage Flavouring systems market are Cargill(US), Archer Daniels Midland Company (ADM) (US), Givaudan (Switzerland), Sensient Technologies (US), Kerry (Ireland), International Flavors and Fragrances (IFF) (US), Firmenich (Switzerland), Tate & Lyle (UK), MANE (France), Döhler (Germany), Takasago (Japan), Flavorchem Corporation (US), and Frutarom (Israel).

On the basis of region, the global beverages Flavouring systems market is segregated into North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Of these, Asia Pacific is expected to dominate the global beverages Flavouring systems market owing to the growing emergence of the market in the region. Growing investment of the several multinational manufacturers in improvement in the Flavourings coupled with growing demand for ready to eat food and drinks is boosting the growth of the global beverages Flavouring systems market. Additionally, growing demand for the carbonated and flavored drinks is boosting adoption of the beverages Flavouring systems market.