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Flavored Syrup Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Flavored Syrup Market Introduction

Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers’ increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Increasing demand of flavored syrups especially among the consumers contributes to the growth of global syrup market. Flavored syrup market witnesses a high market demand owing to dairy and frozen product applications wherein flavored syrup serves as a taste enhancer and a sweetener. Thus, the global flavored syrup market is expected to grow during the forecast period owing to consumers’ growing preference for artificial or natural taste enhancer in convenience foods.

Flavored Syrup Market: Market Dynamics

Growing demand for flavored syrups by the food and beverage industry is expected to boost the global flavored syrup market. Flavored syrup’s primary activities in food and beverage industry include the production of soft drink concentrates, beverage syrups in different flavors, an additive for frozen desserts topping for yogurt, flavored powder for use in food and soft drinks. Flavored syrup serves as an artificial sweetener along with a taste enhancer agent. Apart from sweet flavored syrup, the savory flavored syrup is expanding its applications beyond beverages. Savory flavored syrups are used in salad dressing, meat recipes, preparation of confectionery and bakery items. However, the demand for chocolate flavored syrup plays a major role in the growth of the global flavored syrup market owing to the consumers’ taste preferences for chocolate flavor in their foods. Besides, the food and beverage industry being one of the drivers for flavored syrup market, consumers’ preferences for different flavored syrup in convenience foods are also expected to boost up the global flavored syrup market growth. Pharmaceutical industry too contributes to the growing demand for flavored syrup market owing to its requirement of flavored syrup in medicines to make it flavorsome and appetizing.

However, the major restraint faced by global flavored syrup market is the presence of high sugar content used as an artificial sweetener is a major cause for health hazards such as high blood sugar, diabetes, and stomach upsets. Domestically produced corn syrup proves to be a major restraint for the flavored syrup market to grow.

Flavored Syrup Market: Market Segmentation

Flavored syrup market can be segmented on the basis of different types of flavors, which includes:

  • Vanilla
    • Strawberry
    • Chocolate
    • Coffee
    • Mint
    • Fruit
    • Savory
    • Others

On the basis of application, flavored syrup market can be segmented into:

  • Dairy Products & Frozen Desserts
    • Yoghurt
    • Ice creams
    • Fruit purees
    • Custard
    • Mousse
    • Milk shakes
    • Others 
  • Confectionary & Bakery Products
    • Cupcakes
    • Chocolates
    • Candies
    • Muffins
    • Others
  • Beverages
    • Cocktails
    • Mock tails
    • Juices
    • Tea/Coffee
    • Others 
  • Food
    • Pancake
    • Salad
    • Meat
    • Waffles
    • Others         

Flavored Syrup Market: Regional Outlook

Regional coverage for flavored syrup market includes North America, Latin America, Europe, Asia- Pacific and China (APAC) and the Middle East and Africa (MEA). North America and Europe dominated the flavored syrup market owing to the increased consumption of convenience foods and dairy and frozen desserts. However, APAC region is expected to dominate the flavored syrup market attributed to the large scale consumption of dairy products, ice creams, and beverages. APAC offers a potential opportunity for the flavored syrup market to grow during the forecast period. China accounts for one of the leading countries for flavored syrup market.

Flavored Syrup Market: Market Players

The key players in the flavored syrup market include The Hershey’s Company , Kerry Group, Tate & Lyle, Monin Inc., Concord Foods, Guangzhou Zhengliang and others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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