New York, USA, June 16, 2022 (Globe Newswire) – Flavored Syrup Market Overview:
According to a comprehensive research report by Market Research Futures (MRFR), “Flavored syrup market Information by type, Category, Distribution Channel, Food Retail, and Region – Forecast for 2030The market is projected to reach USD 59676.9 million by 2030 with a growth rate of 5.70% between 2022 and 2030.
The syrup market is in high demand by the food and beverage industry. Consumers’ growing preference for personalized and varied flavors in their food has forced manufacturers to come up with a wide range of flavored syrups. Flavored syrups contain natural or artificial flavors that are mixed with water and sugar.
Flavored syrup is in high demand in the market due to the expansion of dairy and frozen dessert applications. Flavored syrup is being used as a flavoring enhancer as well as a sweetener. Therefore, the market for flavored syrups can gain significant traction given the growing consumer preference for enhancing natural or artificial flavors in convenience foods.
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Scope of the report:
|2030 market size||USD 59676.9 million|
|Prediction units||Value (USD million)|
|Report coverage||Revenue forecasts, competitive landscaping, growth factors, and trends|
|Parts are covered.||By type, category, distribution channel|
|Geography is covered.||North America, Europe, Asia Pacific, and the rest of the world (RoW)|
|Key Market Drivers||Population growth.|
|Increase consumer preferences|
Market competitive landscape:
There are well-known firms in the flavored syrup industry.
- Results SensoryEffects Inc.
- Kerry Inc
- Impact Concord Foods LLC
- Tate and Lyle Sugar
- Hershey Company
- Sterling Flavors LLC
- Toschi Vignola sr.
- Archer Daniels Midland Company
- JM Sumker Company
- Share price WT Lynch Foods Limited
- Midwestern Syrup Company
- Malabar Food
- Ajwa Food Help
- RIO Syrup Company Inc.
- Sonoma Serafo Company
Market USP covered:
Flavored syrups are natural / organic additives that help sweeten and enhance the flavor of food products in cold drinks, cocktails and a variety of beverages. Consumers have the option to choose from a wide range of low-calorie soft drinks without compromising their health. The widespread availability of a variety of personal flavors also boosts market demand. Increased preference for natural and organic products will provide attractive opportunities for brands in the years to come.
The booming dairy industry around the world supports the flavored syrup industry thanks to the growing use of country shakes, flavored milk, whipped cream, yogurt, smoothies, and fries. The frozen desserts sector will be profitable in the years to come. Which, of course, made the video an overnight sensation.
Singapore, China, Australia and New Zealand are some of the top consumers of soft drinks, dairy products and ice cream. This means that Asia-Pacific will be one of the most successful markets for flavored beverages in the years to come.
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Significant levels of sugar in flavored syrups can cause problems for consumers with high blood sugar or hyperglycemia. In addition, with the advent of consumer health awareness, there has been a major shift towards zero sugar diets. It is bound to limit market growth in the coming years.
COVID 19 analysis
The COVID-19 epidemic has completely paralyzed the world, with unpredictable and uncertain effects on people’s lives, communities, livelihoods and economies. The risks of a global recession have increased, as have the risks of job losses. In this situation, it became necessary to assess the level of uncertainty, for which companies are adopting strategies to maximize profits despite market fluctuations.
The financial impact of the lockdown measures has had a profound effect on the flavored syrup market. Obstacles are common in the supply chain, hindering the growth potential of the flavored beverage industry.
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In terms of taste, the world market is considered for acid, mint, candy and more. The candy segment is the largest contributor to flavored syrups. On the other hand, the mint segment will achieve the highest growth rate due to its use in beverages, salad dressings, cookies and pancakes, and meat recipes.
There are a variety of flavored syrups, fruits, herbs and spices, coffee, chocolate, vanilla and more. Fruit flavors make up the leading segment in the global market, while the chocolate segment should achieve the highest CAGR due to the expansion of industrial applications in the development of dairy products, chocolate, frozen desserts, bakeries and ice cream.
Flavored syrup applications are bakery, dry, beverage, milk, confectionery, and others. Given the growing use of flavored syrups in the manufacture of iced tea, mocha, tea, flavored soft drinks, coffee and personalized soft drinks, the beverage segment can expect to achieve the highest CAGR in the coming years.
Asia Pacific has the largest market share in the world and will continue to be the market leader for the foreseeable future. China tops the region due to its growing preference for chocolate flavored syrup and cafes, as well as a growing number of coffee shops. With the growing interest of consumers in finding new ways, advancing economic standards would be to the advantage of the regional market. Market growth in Asia-Pacific has been further stimulated by the growing trend of eating out, as well as the growing desire to experience new cultures.
North America, with a predominance of the United States, has a large number of cafes, restaurants and bars, where flavored sherbet is preferred. Flavored syrup is widely used in cocktails, coffee, desserts, mocktails and tea. Another reason for the strong market growth in the region may be the increased consumer awareness of the different types of markets available. The United States will be the market leader in the region, given its large supply of bakery and dairy products and chocolate. In addition, a wide pool of affluent brands offering a wide range of custom syrups will be market friendly.
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