India Beverage Flavoring Systems Market Size & Outlook
India beverage flavoring systems market, 2018-2030 (US$M)
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India beverage flavoring systems market highlights
- The India beverage flavoring systems market generated a revenue of USD 468.4 million in 2024 and is expected to reach USD 700.4 million by 2030.
- The India market is expected to grow at a CAGR of 6.9% 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 468.4 million |
| Market revenue in 2030 | USD 700.4 million |
| Growth rate | 6.9% (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, India accounted for 8.4% 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 71.09% in 2024. Horizon Databook has segmented the India beverage flavoring systems market based on flavoring agents, flavoring carriers, flavor enhancers covering the revenue growth of each sub-segment from 2018 to 2030.
Burgeoning demand for various types of beverages in India, coupled with growing investments by global players toward the development of new flavoring systems in the country, is expected to boost the market growth.
For instance, in February 2019, Givaudan opened its new flavor manufacturing facility covering an area of 40,000m² located at Pune, India, to cater to the increasing demand for flavor and taste solutions from the food & beverage and health care segments in the country.
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Beverage Flavoring Systems Market Scope
Beverage Flavoring Systems Market Companies
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India beverage flavoring systems market size, by ingredients, 2018-2030 (US$M)
India Beverage Flavoring Systems Market Outlook Share, 2024 & 2030 (US$M)
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