Beverage Flavoring Systems Market share to exceed $ 5.7bn by 2024: Global Market Insights Inc. The research report Global Beverage Flavoring Systems Market Size By Ingredient (Flavoring Agents, Carriers, Enhancers), By Type (Natural, Artificial), By Beverage (Non-Alcoholic, Alcoholic), By Form (Liquid, Powder) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Netherlands, Poland, Russia, China, India, Japan, South Korea, Australia, Indonesia, Thailand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa, Egypt), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025 says, Global Beverage Flavoring Systems Market is set to surpass USD 5.7 Billion by 2025
Rapid expansion of beverage industry owing to changing consumer preferences coupled with product diversification among key manufacturers is anticipated to drive the beverage flavoring systems market size. Positive applications outlook in proteinbased beverages, naturally brewed tea, soft drinks, alcoholic and flavored water will propel product demand. Global beverage demand was estimated over 950 billion liters in 2018 and is likely to witness prominent growth over the projected timeframe.
Growing consumer awareness pertaining to common health issues including obesity and diabetes will boost the demand for low-sugar or sugar substitute drinks. As per industry experts, demand for non-dairy plant milk has witnessed significant growth from 2000 to 2016 while the global per capita fluid milk consumption decreased by close to 23%. Increasing necessity for essentials minerals and enzymes wch promote healthy digestion among athletes will surge the demand for plant-based sports drinks. Stringent government regulations in line with consumer safety and product labeling has urged the beverage companies to incorporate natural flavors in their final product. Consumers are likely to scrutinize the product labels for natural ingredients before purchase and willing to pay premium prices. Henceforth, manufacturers are anticipated to give more emphasis on natural flavors rather than their synthetic counterparts to boost their product sales. Alcoholic beverages accounted for over 28% of beverage flavoring systems market share in 2018. Premium wine, spirits along with craft beers are among the preferred products in the alcoholic beverage segment. Rising millennial spending on alcoholic beverage to maintain social status will provide positive business outlook for flavor manufacturers. Rapid expansion of large-scale breweries in major countries 1|Page