Australia Beverage Flavoring Systems Market Size & Outlook
Australia beverage flavoring systems market, 2018-2030 (US$M)
Related Markets
Australia beverage flavoring systems market highlights
- The Australia beverage flavoring systems market generated a revenue of USD 150.1 million in 2024 and is expected to reach USD 212.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 6% from 2025 to 2030.
- In terms of segment, flavoring agents was the largest revenue generating ingredients in 2024.
- Flavoring carriers is the most lucrative ingredients segment registering the fastest growth during the forecast period.
Beverage flavoring systems market data book summary
| Market revenue in 2024 | USD 150.1 million |
| Market revenue in 2030 | USD 212.7 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Flavoring agents |
| Fastest growing segment | Flavoring carriers |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flavoring agents, Flavoring carriers, Flavor enhancers |
Other key industry trends
- In terms of revenue, Australia accounted for 2.7% of the global beverage flavoring systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China beverage flavoring systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 700.4 million by 2030.
Flavoring agents was the largest segment with a revenue share of 71.35% in 2024. Horizon Databook has segmented the Australia beverage flavoring systems market based on flavoring agents, flavoring carriers, flavor enhancers covering the revenue growth of each sub-segment from 2018 to 2030.
Beverage manufacturers are focusing on introducing new flavors in their products to entice consumers. For instance, in August 2020, Elegance Brands announced its plans to introduce its flavored alcoholic beverage products in Australia, including Cheeky Vodka in five flavors, Cheeky Espresso Martini cocktails in four flavors, Coventry Estate Gin in four flavors, and Geo Liqueurs in four varieties.
Flavoring systems for alcoholic beverages are, therefore, expected to gain traction in the country in the coming years. Consumer preference in the country for flavored non-alcoholic or low-alcohol beverages which taste like alcoholic beverages has been rising. This has encouraged beverage manufacturers to develop new products with lower alcohol content and attractive flavors.
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Beverage Flavoring Systems Market Scope
Beverage Flavoring Systems Market Companies
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Australia beverage flavoring systems market size, by ingredients, 2018-2030 (US$M)
Australia Beverage Flavoring Systems Market Outlook Share, 2024 & 2030 (US$M)
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