The global flavor syrup market is forecast to grow at a compound annual growth rate (CAGR) of more than 5% during the forecast period from 2021-2030.
Simple syrup (heated sugar fully dissolved in water) is the most common basis for syrups flavored with natural or artificial flavors. In addition to carbonated water, flavored syrups add taste to coffee, pancakes, waffles, tea, cake, ice cream, or other foods. It is available in hundreds of flavors, including cherry peach, vanilla, hazelnut, coconut, almond, gingerbread, chocolate, peppermint, root beer, and even toasted marshmallow. Food, beverages, baking, and confectionery industries use these syrups.
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Factors Impacting the Market
Increasing consumer preference for processed and convenience foods has led to an increase in demand for flavored syrups.
The rise in income levels of consumers and the surge in the food and beverage industry are factors driving the growth of the flavored syrup market.
Since consumers have less time in the morning, these syrups serve to flavor easy-to-make and ready-to-eat breakfast products. In addition to their use as breakfast toppings, these syrups also drive the demand for flavored syrups.
Increasing consumption of artificial sweeteners with high sugar content is causing health problems in the flavored syrup market, including cardiac disorders, high blood sugar, diabetes, and gastrointestinal disorders. In addition, obesity is on the rise as a result of excessive sugar consumption. In the baking and confectionery industries, syrups form a part of product preparation, which leads to children and the young population consuming these items, which is detrimental to their health and wellbeing. The factors listed above prevent the market for flavored syrups from growing.
Impact Analysis of COVID-19
It has been a pandemic with extraordinary unanticipated impacts on communities and the global economy. As a consequence of the outbreak of COVID-19, almost every industry has been affected. The flavoring syrup industry is no exception. Since the pandemic, sales of flavored syrup have decreased dramatically. The lockdown severely diminished people’s income, so they only bought basic necessities. Globally, this trend will likely continue until the pandemic ends.
In the forecast period, a healthy growth rate anticipates due to the recovery in the economies of most developing nations, pushing the flavored Syrups market towards its post-COVID levels.
Regional Overview
North America accounted for the largest share due to consumers’ high demands for convenience and ready-to-eat foods. The food and beverage sector in the Asia Pacific will also see the highest growth rates due to the desire for new and advanced products. A rise in new products developed and launched in the food and beverage industry has also accelerated the pace of progress. In addition, better regulations in emerging economies such as China and India will also fuel the growth of the global flavored syrups market.
Leading Competitors
The leading competitors in the global flavored syrup market are:
- Sensient Technologies Corporation (United States)
- Kerry Group PLC (Europe)
- Sensory Effects, Inc (United States)
- Concord Foods, LLC (United States)
- The Hershey Company (United States)
- Monin (France)
- Archer Daniels Midland Company (United States)
- Starbucks Corporation (United States)
- The J.M. Smucker Company (United States)
- Mane SA (France)
- Stirling Flavors, LLC (United States)
- Malabar Food Products (United States)
- W.T. Lynch Foods Limited (Canada)
- Midwest Syrup Company (United States)
- RIO Syrup Company, Inc. (United States)
- Other Key Manufacturers
Scope of the Report
The global flavored syrup market segmentation focuses on Flavor, Taste Type, Application, and Region.
Segmentation based on Flavor
- Fruit
- Chocolate
- Vanilla
- Coffee
- Herbs & Seasoning
Segmentation based on Taste Type
- Sweet
- Salty
- Savory
- Sour
- Mint
Segmentation based on Application
- Beverage
- Dairy & Frozen Dessert
- Confectionery
- Bakery
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Flavored Syrup Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Flavored Syrup market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Flavored Syrup Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Flavored Syrup market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Flavored Syrup market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Flavored Syrup market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Flavored Syrup market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Flavored Syrup business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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