Flavored Syrups Market Size, Share, Analysis and Demand with a CAGR of 5.26% by 2030
Research Reports
Mar 21, 2023
Flavored Syrups Market Research Future Insights:
According to MRFR analysis, the flavored syrups market is expected to register a CAGR of ~5.26% from 2022 to 2030 and hold a value of over USD 58.76 billion by 2030.
The Flavored Syrups Market refers to the industry that produces and sells a wide range of flavored syrups that are used in various food and beverage applications. Flavored syrups are typically sweetened liquid condiments that are used to add flavor, sweetness, and color to a variety of food and drink products.
The flavored syrups market is driven by the growing demand for convenient and easy-to-use flavoring products, as well as the increasing popularity of specialty coffee shops and cafes, where flavored syrups are often used to enhance the taste of coffee and other beverages.
In pandemic the closure of restaurants, cafes, and bars in many countries led to a decline in demand for flavored syrups as people were no longer visiting these establishments and ordering beverages that use them. This, in turn, affected the sales of flavored syrups.
The pandemic also led to a surge in demand for packaged food and beverage products, including coffee and tea, which are common applications for flavored syrups. This increase in demand for packaged products has led to an uptick in sales of flavored syrups that are used in these products.
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Regional Analysis
North America is currently the largest region for flavored syrups, followed by Europe. The global flavored syrups market is a large and diverse market that is spread across many regions around the world.
In North America, the flavored syrups market is driven by the high demand for beverages such as coffee, tea, and soft drinks, which are often flavored with syrups. The region is also home to several major players in the food and beverage industry, including manufacturers of flavored syrups, which contributes to the market’s growth.
Market Segmentation
The flavored syrups market has been segmented into type and end –uses.
Based on the type, the market has been segmented into fruits, coffee, chocolate, vanilla, mint, nuts and caramel.
Based on the end-uses, the market has been segmented into store and non-store based.
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Key Players
Some of the key market players are:
- The J.M. Smucker Company
- Wholesome Sweeteners Inc.
- Conagra Brands Inc.
- VKL Seasoning Pvt. Ltd.
- Nestlé S.A.
- The Hershey Company
- Kerry Group plc
- Torre & Co. (Torani)
- Amoretti
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