Beverages additives can be described as substances combined with beverages in order to maintain a stable flavor or to improve its appearance and color. Preservatives and additives are extremely popular and have been used by ancient humans for centuries to make sure that the shelf life of food items or wine can be extended. As the popularity of processed or packaged beverages keeps growing, natural additives as well as artificial additives are gaining in prominence. Global demand for products which come along with various health benefits is also expected to boost the market for preservative additives, flavouring agents and natural sweeteners. Thus, the Beverage Additives Market is in an excellent position to register a significant amount of growth during the forecast period of 2016-2022.
Scope & Regional Forecast of the Beverage Additives Market
The Beverage Additives Market expects the demand for sweetener agents and additive varieties to be driven by the global popularity of sports drinks, alcoholic beverages, energy drinks, etc. But the public is also a bit tired with traditional or conventional preservatives and additives. Hence, the beverage additive manufacturers are focusing on the development of innovative ingredients to add more value. Such a fresh approach is expected to result in a rise in demand for nutritional additives and various types herbs.
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Another area showing potential for growth is the utilization of hydrocolloids in drinks containing fruit items. The usage of hydrocolloids is expected to enhance the feeling in the mouth as well as the suspension. While the Asia-Pacific region currently dominates the Beverage Additives Market, there is still plenty of potential for growth as customers largely restrict their preferences according to the price of various beverages. Additive manufacturers have begun coming up with innovative ingredients to reduce the prices in an effort to tap a larger consumer base.
Segmentations & Key Players Involved in the Beverage Additives Market
The Beverage Additives Market can be broken down into various segmentations on the basis of -
Type: Flavouring Agents (Flavour Enhancers [Monosodium Glutamate (MSG), NaCl, Glycine Salts, Others], Sweeteners [Aspartame, Saccharin, Caffeine, Acesulfame K, Others]), Preservatives (Citric Acid, Sodium Benzoate, Sulphur Dioxide, Others), Colorants (Nitrates, Nitrites, Others) and Others.
Form: Dry Form and Wet Form.
Beverage: Alcoholic Beverages (Beer, Wine, Whiskey, Others) and Non-Alcoholic Beverages (Juices, Milk and Dairy-based Beverages, Soft Drinks, Energy Drinks, Others)
Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Beverage Additives Market are as follows:
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Bell Flavors and Fragrances Incorporated
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International Flavors & Fragrances Inc.
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California Custom Fruits & Flavors Inc.
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Brenntag Asia Pacific Pte Ltd
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Sensient Technologies Corp.
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American Tartaric Products Inc.
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