Beverage Additives Market to Gain Owing to Rising Demand for Soft Drinks With Low Sugar & Natural Additives

Radiant Insights, Inc.

SAN FRANCISCO, April 23, 2019 /PRNewswire/ -- Global beverage additives market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Beverage additives are the substances that are added during storage or processing to improve or preserve the quality of the product. It helps to enhance product consistency, to enhance color and flavor, to maintain freshness, to maintain wholesomeness and palatability, and improve its nutritional value. The factors that are playing a major role in the growth of beverage additives market are the rising demand for a soft drink with low sugar, the high demand for natural additives among health-conscious customers, and the growing heart diseases and obese population. However, the side effects of additives on health and the presence of alternatives may restrain the overall market in the years to come. Beverage additives market is segmented based on product type, application, and region.

Colorants, flavoring agents, preservatives, and other product types could be explored in beverage additives market in the forecast period. Flavoring agents sector comprise sweeteners like acesulfame K, aspartame, caffeine, saccharin, and others; and flavoring agents like glycine salts, monosodium glutamate, NaCl, and others. The preservatives sector comprise Sulphur dioxide, citric acid, sodium benzoate, and others. Whereas, colorants sector comprise nitrites and nitrates. The market could be categorized based on applications like non-alcoholic and alcoholic beverages that could be explored in the forecast period. Non-alcoholic sector comprises energy drinks, juices, soft drinks, milk and dairy-based beverages, and others. Whereas, alcoholic sector comprises whiskey, beer, wine, and others.

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Beverage additives market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar), and Africa (South Africa).Globally, North America may account for the substantial share of beverage additives market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the growing demand from end-users. The United States and Canada may be major consumers of beverage additives in this region.