The Beverage Flavouring System Market size is projected to reach a CAGR of 6.9% from 2022 to 2028.
Beverage Flavoring system is used to add flavours to the drinks and beverages in order to enhance or add its flavour, colour and texture and make it more nutritive in some cases. These flavours tends to appeal the 7 basis taste a human has on various degrees. These flavours could be extracted from any natural material or could be manmade.
Advanced technology in the flavouring process along with the consumer’s shifted preferences are some of the factors that have supported long-term expansion for Beverage Flavoring System Market.
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Recent Developments
- In February 2019, Givaudan, Switzerland-based company, inaugurated its state-of-the-art flavor manufacturing facility in Pune, India to strengthen its footprint in the Asia Pacific flavors market.
Prominent Players
· ADM
· Givaudan
· Sensient Technologies Corporation
· Kerry Group
· International Flavors and Fragrances Inc.
· Firmenich SA
· Takasago International Corporation
· Flavorchem & Orchidia Fragrances
· Tate & Lyle
· MANE
· Döhler
· Symrise
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Asia Pacific to Dominate the Market
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the expansion of soft drink market in the region.
Beverage Flavoring System Market Segmentation:
On the basis of Ingredients
· Flavoring agents
· Flavors
· Taste modulators & taste masking agents
· Flavor carriers
· Flavor enhancers
On the basis of Beverage Type
· Alcoholic
· Non-alcoholic
· Dairy
· Juices
· Carbonated soft drinks
· Functional drinks
On the basis of Type
· Chocolate and browns
· Dairy
· Herbs & botanicals
· Fruits & vegetables
On the basis of Form
· Dry
· Liquid
On the basis of Origin
· Natural
· Artificial
· Nature-identical
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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