North America Beverage Flavoring Systems Market Size & Outlook
North America beverage flavoring systems market, 2018-2030 (US$M)
Related Markets
North America beverage flavoring systems market highlights
- The North America beverage flavoring systems market generated a revenue of USD 1,547.4 million in 2024.
- The market is expected to grow at a CAGR of 5.6% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 1,547.4 million |
| Market revenue in 2030 | USD 2,145.9 million |
| Growth rate | 5.6% (CAGR from 2025 to 2030) |
| Largest segment | Flavoring agents |
| Fastest growing segment | Flavoring carriers |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flavoring agents, Flavoring carriers, Flavor enhancers |
Other key industry trends
- In terms of revenue, North America region accounted for 27.6% of the global beverage flavoring systems market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,716.7 million by 2030.
Flavoring agents was the largest segment with a revenue share of 71.2% in 2024. Horizon Databook has segmented the North America 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 North America is driven by the increasing sales of flavored alcoholic beverages. Flavor manufacturers in the region are developing flavoring systems for alcoholic drinks. The spread of the COVID-19, however, has negatively impacted the growth of beverage market owing to stay-at-home orders.
This resulted in a reduced demand for retail products in 2020. Consumer demand for beer decreased in North America during the pandemic owing to the closure of bars and restaurants, as well as a decrease in income level of the population due to layoffs.
However, the sales of beer cans increased as these are preferred packages for at-home consumption. According to the National Beer Wholesalers Association, the share of can packaging in total beer volume sales increased from 60% in 2019 to 67% in 2020, while the bottle packaging share increased from 30% in 2019 to 33% in 2020.
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Beverage Flavoring Systems Market Scope
Beverage Flavoring Systems Market Companies
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North America beverage flavoring systems market size, by country, 2018-2030 (US$M)
North America Beverage Flavoring Systems Market Outlook Share, 2024 & 2030 (US$M)
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