Global Beverage Flavouring Agent Market Report By Ingredient (Flavoring Agents, Flavors, Taste Modulators & Taste Masking Agents, Flavor Carriers, Flavor Enhancers, Others (Include Curing And Pickling Agents, Preservatives, Acidity Regulators, Emulsifiers, And Stabilizers)), By Beverage Type (Alcoholic, Non-alcoholic, Dairy, Juices, Carbonated Soft Drinks, Functional Drinks, Others (Flavored Water, Flavored Juices, And Eggnog)), By Type (Chocolate And Browns, Dairy, Herbs & Botanicals, Fruits & Vegetables, Others (Floral, Honey, Sensory, Masking, And Alcoholic Flavors)), By Form (Dry, Liquid), By Origin (Natural, Artificial, Nature-identical) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

The global demand for Beverage Flavouring Agent Market is presumed to reach the market size of nearly USD 8.74 MN by 2028 from USD 5.4 MN in 2021 with a CAGR of 7.1% under the study period 2022 - 2028.

The beverage flavouring agent is used in a wide range of industries, from food and beverages to pharmaceuticals to cosmetics and the personal care industry. Beverage flavouring agents are used to create special and delicious beverage flavours. The beverage flavouring agent is used in sparkling waters, energy drinks, blended teas, coffees, beers, and wines, among other beverages driving the beverage flavouring agent industry. Beverage flavouring agents’ anti-inflammatory and antioxidant qualities can strengthen the immune system, fight tiredness, improve brain function, reduce the symptoms of erectile dysfunction, and even benefit some cancers. 

Market Dynamics 

The market for beverage flavouring ingredients is driven by growing demand in the beverage industry for different flavours to enhance the flavour of beverages like smoothies, carbonated drinks, milkshakes, and juices. Also, the growing consumption of non-alcoholic beverages is a key factor driving market expansion. Moreover, increasing disposable income has led to increasing demand for beverages, including juices, sports drinks, and carbonated soft drinks, thereby boosting demand for beverage flavouring agents. Furthermore, technological advancements and increased R&D activities are expected to boost the market for the beverage flavouring agent industry. However, the increasing consumer awareness about the additives and growing demand for naturally occurring juices are expected to hamper the market growth.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of beverage flavouring agent. The growth and trends of beverage flavouring agent industry provide a holistic approach to this study. 

Market Segmentation

This section of the beverage flavouring agent market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Ingredient

• Flavoring Agents
• Flavors
• Taste Modulators & Taste Masking Agents
• Flavor Carriers
• Flavor Enhancers
• Others (Include Curing And Pickling Agents, Preservatives, Acidity Regulators, Emulsifiers, And Stabilizers)

By Beverage Type

• Alcoholic
• Non-Alcoholic
• Dairy
• Juices
• Carbonated Soft Drinks
• Functional Drinks
• Others (Flavored Water, Flavored Juices, And Eggnog)

By Type

• Chocolate And Browns
• Dairy
• Herbs & Botanicals
• Fruits & Vegetables
• Others ( Floral, Honey, Sensory, Masking, And Alcoholic Flavors)

By Form

• Dry
• Liquid

By Origin

• Natural
• Artificial
• Nature-Identical

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Beverage Flavouring Agent market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Beverage Flavouring Agent Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the beverage flavouring agent market include 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), Frutarom (Israel).This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.