Market revenue in 2024 | USD 170.3 million |
Market revenue in 2030 | USD 247.1 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 71.34% in 2024. Horizon Databook has segmented the Italy 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 growth of beverage flavoring systems market in Italy is expected to be driven by the increasing adoption of the strategy of flavoring systems production capacity expansions and surging R&D investments in flavoring systems by the key players.
In March 2021, Italy-based Agrumaria Reggina Srl, which develops new flavor and fragrance ingredients, opened its Taste Innovation Center in Northern Italy. It is the R&D center for the development of new products for the beverage brands of the company, including soft drinks, nectars, juice-based beverages, iced tea, aromatic and enhanced water, spirits, and alcohol along with food products.
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