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Flavor Drops Market value is expected to surpass US$ 172.8 Mn by 2031 at a CAGR of 7.0%
Flavor Drops Market - Analysis, Outlook, Growth, Trends, Forecasts
Published 18 January 2022
According to the latest Future Market Insights (FMI) study, the global flavor drops market will grow by 7% CAGR, reaching US$ 172.8 Mn by the end of 2031.
Rising demand for ingredients derived from natural resources in food and beverages will result in high sales of flavor drops. Besides this, product launches will create a conducive environment for the market growth. According to FMI, the flavor drops market will account for 3% of the global flavor enhancer market in 2021.
The consumption of natural foods is becoming hugely population. In response to this, some of the leading food brands are striving to introduce new sources of flavors. For instance, Castoreum extract, a natural flavoring that is obtained from the anal glands of beaver, is used as a natural flavor in beverage, confectionery, dairy, and desserts.
To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14223
Knowledge regarding the biogenesis of plant volatiles, their enzymes, and genes, will pave the way for the production of innovative food flavors, thus paving way for growth of the flavor drops market.
Microorganisms have a higher capacity for production of natural pigments and extracts. Marine sources are used on a commercial level for flavor extraction; seaweed is one of the most innovative sources that are used by well-established flavor houses. Varieties of superfruits from rainforests are in demand for extraction of natural flavor drops. Such innovations present opportunities for flavor drops market growth.
Key Highlights
“Increasing demand for natural ingredients in food and beverages will remain a chief growth driver in the market. Consumers around the world are becoming increasingly concerned about the long-term health consequences of food products with artificial ingredients and additives. This is in turn leading to high demand for natural flavor drops,” said a lead analyst at FMI.
Who is Winning?
Some of the leading companies offering flavor drops are NutraBox, Capella Flavor Drops, My Protein, GymBeam, ESN Flavor Drops, Women’s Best, SodaStream (bubly Drops), GymQueen-tasty Drops, Beyond Water, The Blue Ingredient OK, MiO, SweetLeaf- Water drops, The Skinny Food Co, Pure Flavour, Prozis- Yummy Drops, and others.
In order to gain competitive edge, market players are focusing on product differentiation and product launches. Besides this, strategic collaborations remain a key strategy adopted by the market players.
For instance, in October 2020, SodaStream Partnered with Bubly to launch its at-home Bubly Drops. Bubly Drops for SodaStream will not only allow consumers to create Bubly drinks at home, but it will be available in a variety of flavors, including blackberry, grapefruit, lime, mango, cherry, and strawberry.
For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-14223
Get Valuable Insights into Flavor Drops market
Future Market Insights, in its new offering, provides an unbiased analysis of the flavor drops market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the flavor drops market based on flavour type (apple, black tea, cherry, berries, chocolate, citrus, fruit punch, ginger, lemon, green tea, vanilla, and others), content type (regular and sugar free), sales channel (institutional sales, HoReCa, and retail sales), end use (alcoholic drinks and non-alcoholic drinks), nature (organic, natural, vegan, and conventional) across seven major regions.
Rising demand for ingredients derived from natural resources in food and beverages will result in high sales of flavor drops. Besides this, product launches will create a conducive environment for the market growth. According to FMI, the flavor drops market will account for 3% of the global flavor enhancer market in 2021.
The consumption of natural foods is becoming hugely population. In response to this, some of the leading food brands are striving to introduce new sources of flavors. For instance, Castoreum extract, a natural flavoring that is obtained from the anal glands of beaver, is used as a natural flavor in beverage, confectionery, dairy, and desserts.
To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14223
Knowledge regarding the biogenesis of plant volatiles, their enzymes, and genes, will pave the way for the production of innovative food flavors, thus paving way for growth of the flavor drops market.
Microorganisms have a higher capacity for production of natural pigments and extracts. Marine sources are used on a commercial level for flavor extraction; seaweed is one of the most innovative sources that are used by well-established flavor houses. Varieties of superfruits from rainforests are in demand for extraction of natural flavor drops. Such innovations present opportunities for flavor drops market growth.
Key Highlights
- Vegan flavor drops are expected to become hugely popular. The report forecasts sales of vegan flavor drops to grow by 7.5% CAGR through 2031.
- China is expected to account for over half of flavor drops sales in East Asia in 2021. However, demand in Japan and South Korea is expected to rise at a higher pace.
- The U.S. will emerge as a highly lucrative market, accounting for over 85% of flavor drops sales in North America in 2021.
- Italy, Spain, Germany, and the UK will spearhead growth in the Europe flavor drops market.
- In terms of flavor, drops derived from vanilla will account for maximum sales in 2021.
“Increasing demand for natural ingredients in food and beverages will remain a chief growth driver in the market. Consumers around the world are becoming increasingly concerned about the long-term health consequences of food products with artificial ingredients and additives. This is in turn leading to high demand for natural flavor drops,” said a lead analyst at FMI.
Who is Winning?
Some of the leading companies offering flavor drops are NutraBox, Capella Flavor Drops, My Protein, GymBeam, ESN Flavor Drops, Women’s Best, SodaStream (bubly Drops), GymQueen-tasty Drops, Beyond Water, The Blue Ingredient OK, MiO, SweetLeaf- Water drops, The Skinny Food Co, Pure Flavour, Prozis- Yummy Drops, and others.
In order to gain competitive edge, market players are focusing on product differentiation and product launches. Besides this, strategic collaborations remain a key strategy adopted by the market players.
For instance, in October 2020, SodaStream Partnered with Bubly to launch its at-home Bubly Drops. Bubly Drops for SodaStream will not only allow consumers to create Bubly drinks at home, but it will be available in a variety of flavors, including blackberry, grapefruit, lime, mango, cherry, and strawberry.
For Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-14223
Get Valuable Insights into Flavor Drops market
Future Market Insights, in its new offering, provides an unbiased analysis of the flavor drops market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the flavor drops market based on flavour type (apple, black tea, cherry, berries, chocolate, citrus, fruit punch, ginger, lemon, green tea, vanilla, and others), content type (regular and sugar free), sales channel (institutional sales, HoReCa, and retail sales), end use (alcoholic drinks and non-alcoholic drinks), nature (organic, natural, vegan, and conventional) across seven major regions.
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