Flavored Syrups Market focus on strengthening their geographic footprints by expansion and investing in R&D

Research Reports

Jan 15, 2021

Market Analysis

Global Flavored Syrups Market has witnessed significant growth over the last few years and is projected to grow by USD 17,776.7 Million from 2020 to 2026 at a CAGR of 5.8%. Flavored syrups are a popular topping and ingredient in convenience foods such as ready-to-eat foods, frozen desserts, bakery products, and on-the-go beverages. An increase in the working population, rise in per capita disposable income, and hectic lifestyles are boosting the sales of convenience food products across the globe. The expansion of the foodservice industry is another driver for the growth of the market. However, rising health concerns due to sugar-based syrups are restricting the growth of the market.

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Market Players

Market Research Future recognizes Monin, Inc. (France), Amoretti (US), R. Torre & Co. (Torani) (US), Kerry Group plc (Ireland), The Hershey Company (US), Nestlé S.A. (Switzerland), VKL Seasoning Pvt. Ltd. (India), Conagra Brands, Inc. (US), Wholesome Sweeteners Inc. (US), and The J.M. Smucker Company (US) as the Key Players active in the Global Flavored Syrups Market.

Segment Analysis

Global Flavored Syrups Market has been segmented on the basis of Type, Category, Distribution Channel and Region.

Based on the distribution channel, the global Flavored Syrups Market has been classified as foodservice and food retail. The food retail segment has been further bifurcated into store-based and non-store-based. The store-based sub-segments include supermarkets & hypermarkets, convenience stores, and others. In 2020, the store-based segment accounted for the larger revenue share of the market with supermarkets & hypermarkets being the largest sub-segment. The growth of the retail sector is the major driving factor for the growth of the segment. The non-store-based segment is expected to exhibit higher CAGR during the forecast period.

Regional Analysis

Geographically, the global flavored syrups market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest market share of nearly 32% in 2020; the regional market is also expected to register the highest CAGR of 6.1% during the forecast period of 2020 to 2026.

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Key Findings of the Study

By type, the blends segment is projected to maintain its dominance from 2019 to 2026. The segment is expected to register a substantial growth rate of 4% during the forecast period.

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.

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