Beverage Flavoring Systems - Global Strategic Business Report

Global Beverage Flavoring Systems Market to Reach $8.4 Billion by 2030

The global market for Beverage Flavoring Systems estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$8.4 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2022-2030. Flavoring Agents, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Flavor Carriers segment is readjusted to a revised 7.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 11.4% CAGR

The Beverage Flavoring Systems market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 52 Featured) -

• Archer Daniels Midland Company (ADM)
• Cargill
• Döhler
• Firmenich
• Flavorchem Corporation
• Frutarom
• Givaudan
• International Flavors and Fragrances (IFF)
• Kerry
• Mane

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• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
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