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Liquid Flavor Market Trends

Report ID: GMI7364
Published Date: Nov 2023
Report Format: PDF

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Liquid Flavor Market Trends

The shift towards natural flavors has led to a surge in the use of ingredients sourced from fruits, vegetables, and botanical extracts, as consumers seek products with minimal artificial additives and preservatives. The market is experiencing a rise in the demand for functional liquid flavors that offer specific health benefits, such as immunity-boosting or mood-enhancing properties. Manufacturers are increasingly incorporating ingredients like adaptogens, vitamins, and minerals to meet the growing consumer interest in products that not only taste good but also support overall well-being.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of liquid flavor reached USD 11.6 billion in 2022 and is set to cross USD 16.79 billion by 2032, due to the increasing consumer demand for diverse range of flavored beverages and food products worldwide.

The synthetic flavor type segment recorded USD 6 billion in 2022, owing to widespread usage in the food and beverage sector, especially in processed and packaged products.

North America market size was valued at USD 3.65 billion in 2022, attributed to the strong presence of major food and beverage companies and the robust consumer base with varying preferences in the region.

4. Who are the key liquid flavor industry players?