Flavoured Syrups Market Scope
The flavoured syrups market is expected to grow at a CAGR of 5.10% and USD 54.92 Billion during the forecast period
Growth Drivers and Challenges
Flavoured syrups are popular given their organic nature, extensively used for imparting sweetness to food products and improve their taste. Some of the common food products in which flavoured syrups are used include cold drinks, cocktails, and several other beverages.
In Europe, the flavoured syrups market is witnessing steady growth, driven by the increasing demand for natural and artisanal food products. Countries like Germany, France, and the United Kingdom are major markets for flavoured syrups, with consumers in these regions seeking high-quality and unique flavours.
With the rapidly booming dairy industry across the globe, consumption of milkshakes, flavoured milk, whipped cream, yogurts, smoothies, and frappes has surged exponentially among consumers. This is the result of the heightened focus on a healthy lifestyle, which will facilitate further growth of the flavoured syrup market. The frozen desserts segment can expect to attain a prime position in the worldwide market in subsequent years. Singapore, China, Australia, and New Zealand are the top consumers of soft drinks, dairy products, and ice cream, making Asia Pacific one of the most profitable flavoured syrups markets.
A vast range of low-calorie syrups are currently sold in the market, which helps consumers maintain their health. Availability of various personalized flavours adds to the appeal of flavoured syrups as well. Surging preference for natural and organic products worldwide should provide lucrative business opportunities to the vendors in the years to come.
Eminent Vendors
The favoured syrup key market players are Monin, Inc. (France), VKL Seasoning Pvt. Ltd (India), The Hershey Company (Ireland), Kerry Group plc (US), R. Torre & Co. (Torani) (US), The J.M. Smucker Company (US), Nestlé S.A. (Switzerland), Amoretti (US), Conagra Brands, Inc. (US), and many more.
Segmental Review
Flavoured syrups market types available in the global industry are Blends, fruits {Orange Apple, Strawberry, Blueberry, and more}, Mint, Chocolate, Caramel, Coffee, Nuts, Vanilla, and others.
The major categories discussed in the study are organic as well as conventional.
Distribution channels selling flavoured syrups include food retail as well as foodservice.
Recent News
December 2021
Death & Co, a popular New York City bar, has released a range of cocktails that contain spirits, in partnership with The Craft Spirits Cooperative. The first three products will be Ranger Buck (ginger syrup, birch, amaro, and Woody Creek Bourbon), Moonsail Fizz (vanilla syrup, red bitter liqueur, Bimini Gin, lime, and passion fruit), along with Aurora Highball (mint syrup, pear brandy, Woody Creek Vodka, green tea, and sake).
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
