Beverage Flavoring Systems Market Regional Overview & Industry Growth Trends Forecast To 2025
Category: #business  By Rahul Varpe  Date: 2020-01-15
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Beverage Flavoring Systems Market Regional Overview & Industry Growth Trends Forecast To 2025

Beverage flavoring systems market share is slated to amass substantial gains in the forthcoming years, primarily driven by the rising health consciousness among people globally and product diversification by leading manufacturers. Increasing application of the product in protein-based beverages, alcoholic, flavored water, soft drinks and naturally brewed teas will bolster the product demand in the coming years. In the year 2018, the demand for beverages worldwide was recorded at 950 billion liters and is expected to witness significant gains over the projected timeframe. 

Widespread awareness and adequate information regarding the consumption of healthy, nutritional beverages are propelling the industry players to carry out innovations in products. Rising cases of obesity and leading illnesses such as cardiovascular and diabetes have intensified the need for low-sugar or sugar substitute beverages. According to industry stalwarts, there has been a considerable increase in the demand for non-dairy plant milk from 2006 to 2016 and the global per capita milk consumption witnessed a downfall by approximately 23%.

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Growing requirements for minerals and enzymes that assist in the digestion process among athletes will accelerate the need for plant-based sports drink. Additionally, strict regulations set by the government and other regulatory authorities focusing on enhancing consumer safety and product labeling are encouraging beverage manufacturing companies to adopt natural flavors in their products, driving beverage flavoring systems industry trends.

Shift towards health-conscious consumer base has led to customers scrutinizing the product labels for ingredients, forcing the market players to emphasize on natural flavoring as compared to synthetic counterparts. Movements initiated by the consumers, for instance, clean label that has transformed the consumer preference towards non-GMO, gluten-free and organic products, has amplified global beverage flavoring systems market forecast.

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In terms of type of beverage flavoring systems, in the year 2018 alcoholic beverages segment accounted for more than 28% of the total market share. Craft beers, premium wines and spirits are most demanded products in the alcoholic beverage sector. Growing spending on alcoholic drinks by millennials for maintaining a particular social status coupled with the increase in disposable income among people has increased the rate of affordability, positively influencing global beverage flavoring industry size.

Surging prevalence of large-scale breweries across leading countries such as Germany, UK, France, and Italy will furthermore complement product penetration. With respect to types of beverage flavorings, natural flavoring systems segment is anticipated to emerge as significant revenue terrain over 2019-2025. Surging demand for organically sourced ingredients and taste modulators to reduce the fat content in drinks will drive the industry demand. Fitness conscious customers will push the manufacturers to develop healthy and nutritious beverages.

Asia Pacific beverage flavoring system market share is likely to register a more than 5.5% CAGR by 2025. Asia Pacific is expected to evolve as one of the most significant remuneration grounds for both alcoholic and non-alcoholic drinks. Growing production of carbonated soft drinks in the region to meet the exceeding demand for caffeine, preservatives, artificial sweeteners, fruit extracts and added flavors has driven the regional trends.

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Rise in consumer consciousness with respect to healthy lifestyle and wellness will propel the demand for packaged mineral water, fruit juices and other on-the-go beverages. Demand for drinks with exotic flavors and introduction of new products by chief industry participants such as Coca Cola and PepsiCo will add impetus to APAC beverage flavoring systems market outlook over the coming years.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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