Global Beverage Additives Market

Beverage Additives are added to the beverages during the manufacturing process or while stored in order to preserve the quality of the product, to enhance product consistency, color, flavor, and freshness. The global Beverages Additives market is being driven by growing product launches with unique innovations such as natural additives. For instance, in 2018, a Dutch start-up, 7th Circle BV, launched Fooditive, the new range of natural, healthy additives for beverages. Another important driving factor is the rising preference of consumers towards packaged beverages in busy urban lifestyles. Furthermore, the growing demand for alcoholic beverages and soft drinks with low sugar among the young population, increasing personal disposable income and growing health consciousness among consumers for consuming natural additives will provide new opportunities for the global Beverages Additives industry. However, side effects caused by consuming artificial additives and rigorous regulations regarding quality standards may impede market growth over the forecast period of 2021-2027.

Global Beverage Additives Market is valued approximately at USD 38.6 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2021-2027 and is estimated to reach USD 58.42 billion by 2027.

The regional analysis is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World for the global Beverage Additives Market. North America is the leading region across the world in terms of market share due to the developed trend for consuming nutritional and functional drinks along with the presence of large beverage companies in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due to the presence of a large consumer base in the region and enhanced standards of living.

Major market players included in this report are Kawarlal & Co, Celanese Corporation, Bell Flavors & Fragrances, Prinova Group LLC, Dallant, S.A, Koninklijke DSM N.V, Keva Flavours Pvt. Ltd, Kerry Group, Sensient Technologies Corporation, and International Flavors & Fragrances Inc.

The detailed segments and sub-segment of the market are explained below:

By Product Type: Flavoring Agents, Colorants, Food Preservatives, Others
By Form: Dry, Wet
By Application: Alcoholic Beverages, Non-Alcoholic Beverages

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Bizwit Research & Consulting LLP