Flavor Drops Market will grow by 7% CAGR as Demand for Healthier Ingredients in Food and Beverages Rises

Nov 30,2021 | Food and Beverage

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.

Flavor Drops Market

A recent market study published by Future Market Insights on the Flavor Drops market offer...

Flavor Drops Market

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.

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.

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.

About Food Market Division at FMI

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.