Market revenue in 2024 | USD 607.0 million |
Market revenue in 2030 | USD 878.6 million |
Growth rate | 6.4% (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 |
Flavoring agents was the largest segment with a revenue share of 70.91% in 2024. Horizon Databook has segmented the China 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 rising population of China has resulted in growing consumption of food & beverage products. The county has witnessed increasing demand for packaged beverages such as ready-to-drink tea & coffee, energy drinks, and fruit juices as they are considered instant energy boosters.
Hence, market players have been focusing on expanding their flavoring production capacities in the country to cater to the growing consumer demand. For instance, in May 2020, Symrise made investments to build its new flavorings and fragrances production site at Nantong, China. The investment was made in anticipation of continued expansion of the Chinese food & beverage market.
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