Canada Beverage Flavoring Systems Market Size & Outlook
Canada beverage flavoring systems market, 2018-2030 (US$M)
Related Markets
Canada beverage flavoring systems market highlights
- The Canada beverage flavoring systems market generated a revenue of USD 234.6 million in 2024 and is expected to reach USD 331.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.9% 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 234.6 million |
| Market revenue in 2030 | USD 331.8 million |
| Growth rate | 5.9% (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, Canada accounted for 4.2% 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 North America, U.S. beverage flavoring systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 331.8 million by 2030.
Flavoring agents was the largest segment with a revenue share of 71.4% in 2024. Horizon Databook has segmented the Canada beverage flavoring systems market based on flavoring agents, flavoring carriers, flavor enhancers covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for alcoholic and non-alcoholic beverages is continuously rising in Canada that can be attributed to rising income levels of the population which has resulted in increased spending on beverages. This is expected to lead to risen demand for flavor systems.
The consumption of various alcoholic beverages is increasing in Canada, thereby providing opportunities for manufacturers to develop a variety of beverage flavors. According to Spirits Canada (the Association of Canadian Distillers), spirits-based vodka held the largest share of 28.7% of the sales volume of spirits in 2020 in Canada.
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Beverage Flavoring Systems Market Scope
Beverage Flavoring Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada beverage flavoring systems market size, by ingredients, 2018-2030 (US$M)
Canada Beverage Flavoring Systems Market Outlook Share, 2024 & 2030 (US$M)
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