Beverages Flavor Market size was valued at US$ 16.03 Bn. in 2023 and the total revenue is expected to grow at 4.6% through 2024 to 2030, reaching nearly US$ 21.96 Bn.Beverages Flavor Market Overview:
Change in preference for beverages is based on the change in preference for different flavors by people. The flavor of Beverages varies according to the temperature, surroundings, and presence of sugar and salt in the beverage. Flavors are extracted from fruits, vegetables, leaves, and herbs and are processed accordingly to manufacture the perfect Flavor. These Flavors are added to maintain or improve the taste of the Beverages making them a crucial component of the beverages industry. A huge global market for Beverage Flavors is driving innovation and competition. Variety in flavors, refreshment, and health benefits has resulted in a growth in the Beverages Flavor Market.To know about the Research Methodology :- Request Free Sample ReportBeverages Flavor Market Dynamics:
Development in the packaging and transportation industry has resulted in providing customers with a wide range of products in an attractive form and with ease in availability. Change in lifestyle and rise of fashion trends has resulted in growth in the preference for Beverages Flavor. Customs, habits, and addictions have resulted in increased consumption of Beverages Flavor. An increase in demand has resulted in increased demand for new flavors. Ongoing research on finding new flavors and the rising trend of fusion has resulted in the rise in the numbers of customers consuming Beverages Flavor. The introduction of new natural flavors has started attracting the health-conscious segment. Along with regular diet and supplements, rising consumption of natural Beverages Flavors has opened a new diet-conscious segment for the market. Cargill, Inc. has started research on the new fusion Beverages Flavor segment. Increased population, rising consumption, and preference for Beverages Flavor have resulted in the growth in the market.Restraints:
The rise in preference for natural and organic alternatives is limiting the growth of the Beverages Flavor Market. The low shelf life of Beverages Flavor is the major restraining factor here.Beverages Flavor Market Segment Analysis:
By Form, it is observed that Beverages Flavor in liquid form is consumed on a high scale in the beverages manufacturing industry. Powdered and Crystal forms are used in domestic and small-scale industries. It is observed that Beverages Flavor in Liquid form dominated the market. By Origin, source of Flavor, essence plays a crucial role in the demand for beverages. It is observed that Synthetic Beverages Flavor dominates the Beverages Flavor Market. Dairy products and beverages use Natural Flavor essence on large scale. Aerated beverages that are Non-alcoholic and Non-dairy use nature-identical type Beverages Flavor.By Product Type, this consists of different types of Beverages Flavors available in the market. Flavors available in Fruits Essence and Vegetables Essence dominate the global consumption of market. Health-conscious people prefer herbs and botanical essence beverages flavor as a constituent of diet food. Brown Essence Beverages are consumed by people around the world as means of refreshment. Dairy Essence beverages are consumed on large scale by people across the world on daily basis. The above pie chart represents the consumption of different types of Beverage Flavors by people across the globe. It is observed that Dairy Essence flavors because of their regular consumption by people across the globe on regular basis dominate the Beverages Flavor Market. It is observed that Fruits Essence Flavors are the second most consumed product type in the market. Global preference for Fruits Essence Flavor is the main reason behind this market dominance. Preference for fruit-based products and the presence of a wide range in this segment has resulted in the increased consumption of Fruit Essence Flavor. Vegetable Essence comes in the third position. An increase in demand for nutrient-rich food products and demand for green beverages has resulted in a rise in the vegetable essence flavors. Botanical Essence Flavors are naturally occurring flavors that are organic. Consumption of Botanical Essence Flavor is limited to the health-conscious population. People doing serious exercise and following a rigorous diet schedule, prefer Botanical Essence Flavor. Brown Essence flavors consist of caffeine-based products. Different Tea and Coffee products in the hot and cold form are preferred by people around the world as a refreshment beverage. Preference by a wide number of people and consumption on regular basis has resulted in Brown Essence Flavor in the fifth position in the Beverages Flavor Market. Herbs Essence Flavors are consumed mostly for medicinal purposes. This has resulted in Herbs Essence Flavors in the sixth position in overall consumption. Different other fusion flavors are present in the market.Beverages Flavor Market Regional Insights
The above image shows the presence of the Beverages Flavor Market. For this sector, North America is the biggest market. An increase in the consumption of fast food and snacks has resulted in the increased consumption of beverages. The Increasing expendable income, preference for snacks, and need for alternative food products have created a need for Beverages Flavor. Europe comes in second place. Here, Beverages Flavor is consumed on regular basis with a special preference for herbs and botanical essence beverages flavor. Rising health concerns and the presence of high pollution levels have made Europe the second-biggest market for Beverages Flavor. The Condition of the European market is similar to North America and thus demand for new Beverages Flavor products is always high in these markets. The Asia-Pacific comes in third place. Ever-rising population, developing economies, and increased food consumption have resulted in making Asia-Pacific the biggest market with the future seen as a global dominant. South America has big potential, but the growth rate is very slow in this region. The Middle East and Africa’s market has shown very little growth in market. The objective of the report is to present a comprehensive analysis of the Beverages Flavor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Beverages Flavor Market dynamics, structure by analyzing the market segments and Project the market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.Beverages Flavor Market Scope: Inquire before buying
Beverages Flavor Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 16.03 Bn. Forecast Period 2024 to 2030 CAGR: 4.6% Market Size in 2030: US $ 21.96 Bn. Segments Covered: by Form Liquid Powder Crystal Others by Origin Natural Synthetic Nature-Identical by Product Type Fruits Essence Vegetable Essence Herbs Essence Botanical Essence Brown Essence Dairy Essence Others Beverages Flavor Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Beverages Flavor Market, Key Players are:
1. Cargill, Inc. 2. Archer Daniels Midland Company 3. International Flavors and Fragrances 4. Tate & Lyle 5. Flavorchem Corp. 6. Sensient Technologies 7. Frutarom 8. Givaudan 9. Dohler 10. Kerry 11. Mane 12. Firmenich 13. Takasago 14. KETI 94 Ltd. 15. Plan B Brewery 16. Stevialine GmbH Co. & KG 17. IE MYTSYKOV V.M. 18. P.A. Aromatic Flavors S.R.L. 19. Sylvestre Natural Ingredients 20. REALOE Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Beverages Flavor Market? Ans: North America region held the highest share in 2023. 2. What is the growth rate of Global Beverages Flavor Market? Ans: The Global Beverages Flavor Market is growing at a CAGR of 4.6% during forecasting period 2024-2030. 3. What is scope of the Global Beverages Flavor market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Beverages Flavor market? Ans: The important key players in the Global Beverages Flavor Market are – Koch Membrane System, Veolia Water technologies, Sartorius AG, Merck Millipore, GE Healthcare, Amazon filters, Advantec MFS, Novasep, WABAG Group, GEA Group, Trisep Corporation, Fileder Prominent, Aquatech International LLC., Alfa Laval, Veolia Water Technologies, Acwa Services Koch Industries, Inc.,, Asahi Kasei Corporation, Synder Filtration, Microdyn-Nadir. 5. What is the study period of this market? Ans: The Global Beverages Flavor Market is studied from 2023 to 2030.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Beverages Flavor Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Beverages Flavor Market 3.4. Geographical Snapshot of the Beverages Flavor Market, By Manufacturer share 4. Beverages Flavor Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Beverages Flavor Market 5. Supply Side and Demand Side Indicators 6. Beverages Flavor Market Analysis and Forecast, 2023-2030 6.1. Beverages Flavor Market Size & Y-o-Y Growth Analysis. 7. Beverages Flavor Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 7.1.1. Liquid 7.1.2. Powder 7.1.3. Crystal 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 7.2.1. Natural 7.2.2. Synthetic 7.2.3. Nature-Identical 7.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 7.3.1. Fruits Essence 7.3.2. Vegetable Essence 7.3.3. Herbs Essence 7.3.4. Botanical Essence 7.3.5. Brown Essence 7.3.6. Dairy Essence 7.3.7. Others 8. Beverages Flavor Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Beverages Flavor Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 9.1.1. Liquid 9.1.2. Powder 9.1.3. Crystal 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 9.2.1. Natural 9.2.2. Synthetic 9.2.3. Nature-Identical 9.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 9.3.1. Fruits Essence 9.3.2. Vegetable Essence 9.3.3. Herbs Essence 9.3.4. Botanical Essence 9.3.5. Brown Essence 9.3.6. Dairy Essence 9.3.7. Others 10. North America Beverages Flavor Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Beverages Flavor Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 12. Canada Beverages Flavor Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 13. Mexico Beverages Flavor Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 14. Europe Beverages Flavor Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 15. Europe Beverages Flavor Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Beverages Flavor Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 17. France Beverages Flavor Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 18. Germany Beverages Flavor Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 19. Italy Beverages Flavor Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 20. Spain Beverages Flavor Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 21. Sweden Beverages Flavor Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 22. CIS Countries Beverages Flavor Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 23. Rest of Europe Beverages Flavor Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 24. Asia Pacific Beverages Flavor Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 25. Asia Pacific Beverages Flavor Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Beverages Flavor Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 27. India Beverages Flavor Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 28. Japan Beverages Flavor Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 29. South Korea Beverages Flavor Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 30. Australia Beverages Flavor Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 31. ASEAN Beverages Flavor Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 32. Rest of Asia Pacific Beverages Flavor Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 33. Middle East Africa Beverages Flavor Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 34. Middle East Africa Beverages Flavor Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Beverages Flavor Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 36. GCC Countries Beverages Flavor Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 37. Egypt Beverages Flavor Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 38. Nigeria Beverages Flavor Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 39. Rest of ME&A Beverages Flavor Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 40. South America Beverages Flavor Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 41. South America Beverages Flavor Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Beverages Flavor Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 43. Argentina Beverages Flavor Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 44. Rest of South America Beverages Flavor Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Form, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Origin, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By Product Type, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Beverages Flavor Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Cargill, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Archer Daniels Midland Company 45.3.3. International Flavors and Fragrances 45.3.4. Tate & Lyle 45.3.5. Flavorchem Corp. 45.3.6. Sensient Technologies 45.3.7. Frutarom 45.3.8. Givaudan 45.3.9. Dohler 45.3.10. Kerry 45.3.11. Mane 45.3.12. Firmenich 45.3.13. Takasago 45.3.14. KETI 94 Ltd. 45.3.15. Plan B Brewery 45.3.16. Stevialine GmbH Co. & KG 45.3.17. IE MYTSYKOV V.M. 45.3.18. P.A. Aromatic Flavors S.R.L. 45.3.19. Sylvestre Natural Ingredients 45.3.20. REALOE Ltd. 46. Primary Key Insights