The Global Beverage Flavoring Systems Market is projected to reach USD 6.1 billion by 2028, at a CAGR of 5.7% during the forecast period. The increased demand for flavors in beverages is expected to propel the market growth of the beverage flavoring systems market during the forecast period.
Beverage Flavoring Systems Market -Key Developments:
• In June 2018, Firmenich launched its Natural and Clean-Label platform through which it would provide natural, authentic, and traceable products to gain customers and their trust.
• In July 2018, Sensient Technologies acquired Mazza Innovation Limited (Canada) to expand its portfolio of natural and organic ingredients for its food & beverages, nutraceutical, and personal care products by using Mazza's technologies.
• In August 2018, ADM opened its new technology innovation center in Shanghai, China, to support the development and creation of innovative and nutritious products. This center will help the company to cater to the increasing demand for nutritional food & beverage products in the Asia Pacific region.
Companies Covered: Cargill, Archer Daniels Midland Company (ADM), Givaudan, Sensient Technologies, Kerry Corp., International Flavors and Fragrances, Firmenich, Tate & Lyle, MANE, Döhler, Takasago, Flavorchem Corporation, and Frutarom