SAN FRANCISCO, April 23, 2019 /PRNewswire/ -- Global beverage additives market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Beverage additives are the substances that are added during storage or processing to improve or preserve the quality of the product. It helps to enhance product consistency, to enhance color and flavor, to maintain freshness, to maintain wholesomeness and palatability, and improve its nutritional value. The factors that are playing a major role in the growth of beverage additives market are the rising demand for a soft drink with low sugar, the high demand for natural additives among health-conscious customers, and the growing heart diseases and obese population. However, the side effects of additives on health and the presence of alternatives may restrain the overall market in the years to come. Beverage additives market is segmented based on product type, application, and region.
Colorants, flavoring agents, preservatives, and other product types could be explored in beverage additives market in the forecast period. Flavoring agents sector comprise sweeteners like acesulfame K, aspartame, caffeine, saccharin, and others; and flavoring agents like glycine salts, monosodium glutamate, NaCl, and others. The preservatives sector comprise Sulphur dioxide, citric acid, sodium benzoate, and others. Whereas, colorants sector comprise nitrites and nitrates. The market could be categorized based on applications like non-alcoholic and alcoholic beverages that could be explored in the forecast period. Non-alcoholic sector comprises energy drinks, juices, soft drinks, milk and dairy-based beverages, and others. Whereas, alcoholic sector comprises whiskey, beer, wine, and others.
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Beverage additives market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar), and Africa (South Africa).Globally, North America may account for the substantial share of beverage additives market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the growing demand from end-users. The United States and Canada may be major consumers of beverage additives in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. the developing countries like India and China are the major consumers in this region. The key players of beverage additives market are Dallant S.A., Archer Daniels Midland Company, Prinova Group LLC, Cargill Inc., and Bell Flavors & Fragrances Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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- Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Beverage Additives in these regions, from 2012 to 2023 (forecast), covering
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
- Global Beverage Additives market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Archer Daniels Midland Company
- Cargill Incorporated
- Bell Flavors and Fragrances Incorporated
- Dallant S.A
- International Flavors & Fragrances Inc
- NutraSweet Company
- Ashland Incorporated
- Sensient Technologies Corp
- American Tartaric Products Inc
- California Custom Fruits & Flavors Inc
- Prinova Group LLC
- Celanese Corporation
- Instantina GmbH
- Chr. Hansen A/S
- Corbion N.V
- On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
- Flavouring Agents
- Preservatives
- Colorants
- Others
- On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Beverage Additives for each application, including
- Alcoholic Beverages
- Non-Alcoholic Beverages
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