The alcoholic flavors market saw soaring growth in 2021 with worldwide revenues. A new forecast estimates that alcoholic flavors revenue will nearly double by 2031. As consumers increasingly seek great taste, healthy options, and convenience and sustainability in their foods to fuel their on-the-go lifestyles, the face of alcoholic flavors is changing.
Moreover, consumers are constantly on the lookout for clean label ingredients that are also fit for consumers with allergies or restricted diets, without compromising out on mouthfeel. Consumer’s inclination concerning plant-based eco-relevant preferences due to no trans-fat and lesser levels of saturated fats is escalating the demand for alcoholic flavors across the globe.
The alcoholic flavors market saw soaring growth in 2021 with worldwide revenues. A new forecast estimates that alcoholic flavors revenue will nearly double by 2031. As consumers increasingly seek great taste, healthy options, and convenience and sustainability in their foods to fuel their on-the-go lifestyles, the face of alcoholic flavors is changing.
Moreover, consumers are constantly on the lookout for clean label ingredients that are also fit for consumers with allergies or restricted diets, without compromising out on mouthfeel. Consumer’s inclination concerning plant-based eco-relevant preferences due to no trans-fat and lesser levels of saturated fats is escalating the demand for alcoholic flavors across the globe.
Moreover, due to growing consumer interest in multi-cuisine culture, there is aggregate demand for alcoholic flavors as it is extensively manufactured by food producers as an element owing to preference from consumers.
Also, new product launches have played a dynamic role in assisting the extensive penetration of alcoholic flavors in the global market.
For example, Farm To Fork in September 2019 launched its clean label, sustainably grown, and simple alcoholic flavor with non-GMO labeled certified and do not contain artificial flavors and sugar.
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Growing Application of Alcoholic Flavors Segment to Encourage the Market’s Growth Trajectory
The rising preference for international cuisines, availability of a wide variety of international brands of alcoholic flavors, and growing demand for no preservatives and natural flavors contribute to the growth of the alcoholic flavors market.
The dynamics assisting the growth of the market are the consumer’s preference towards gluten-free diets and plant-based alternatives. Moreover, health-conscious customers favor goods with high dietary content, which helps consumers to enjoy their food without affecting the diet.
Moreover, restaurants and other eateries are also experimenting with numerous flavors and combinations to offer innovative and unique alcoholic flavors to their customers.
Flavour Creativity and Nutrition to Drive Alcoholic Flavors Demand Globally
With the rising consumption of natural products, consumers are strongly influenced by the nutritional benefits of alcoholic flavors and the added benefits of proteins, fiber, fats, vitamins, and minerals.
Moreover, consumers strongly agree that alcoholic flavors enrich the taste of other food while being used as an ingredient. Additionally, the importance of flavors that meet the expectations of more demanding and health-conscious consumers is therefore key. Innovation and distinctiveness need to be combined with consumer appeal and labeling considerations.
The US and Canada Demand Outlook for Alcoholic Flavors Market
In terms of sales, the North American market is projected to take the lead in the global target market. With the increased consumption of healthy foods by U.S.
consumers, nearly 20% of the consumers are inclined towards on-pack claims like “made with real ingredients” while buying food or beverage products. The application of alcoholic flavors in snacking has improved vividly over the years is anticipated to fuel the revenue progression of the alcoholic flavors market.
Moreover, alcoholic flavors have increased by 24.3% volume growth in the US market over the last three years whi
Europe Alcoholic Flavors Market Outlook
The European alcoholic flavors market is estimated to grow at a moderate pace. Manufacturers are aiming at initiating new and innovative forms hence, alcoholic flavors companies are making swift progress concerning evolving innovative spreads options.
The market for alcoholic flavors is estimated to see swift growth through the projection period driven by huge investments done by market players in social media marketing, and promotional activities towards increasing plant-based trends and consumers’ wish to eat more healthy nutritional food products.
Some of the Key Players Manufacturing Alcoholic Flavors Market are a Follows
- Kerry Group
- Cargill Inc.
- ADM
- Givaudan
- Symrise AG
- TOSHEV
- Austria Juice
- MANE
- Dakini Health Foods among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Alcoholic Flavors: Market Segmentation
Based on Flavor:
- Pineapple
- Passion Fruit
- Black Currant
- Lime
- Apple
- Cherry
- Others
Based on Product Type:
- Vodka
- Rum
- Whiskey
- Wine
- Tequilla
- Other
Based on Distribution Channel:
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Store
- Specialty Store
- Online Retailers
- Other Sales Channels
Based on Region:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, Argentina and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, South Korea, Malaysia, Indonesia, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
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