Global Flavored Syrup Market - 2023-2030

Market Overview

Global Flavored Syrup Market reached US$ xx million in 2022 and is expected to reach US$ xx million by 2030 growing with a CAGR of xx% during the forecast period 2023-2030. The rising consumer preference for ready-to-eat and convenience foods and increasing demand for customised flavor syrups are driving the global flavored syrup market growth.

The rising popularity of flavored syrups in Western nations like U.S. and U.K. is expected to boost the market growth. The increased production and rising demand for the flavoured syrup for most of the applications in the food and beverage sector are expanding the market. These syrups are mainly used as a topping for ready-to-eat foods such as pancakes, waffles, and other products.

The manufacturers are developing and innovating various flavors in order to satisfy the changing consumer preferences. For instance, the introduction of the new product by the Agi fruit syrups range. This product contains unique flavors, such as raspberry, and baked apples, added with honey. The new product launches, acquisitions, and increasing applications of the flavored syrup help in expanding the market size.

Market Dynamics

The Growing Applications of Flavored Syrup Drive the Market Growth.

The rising processed food demand and convenience due to easy availability through efficient distribution channels favour growth in the industry. These syrups are also used for ready-to-eat foods. The products such as desserts, and ice creams use this flavored syrup as a topping. Also, the growing consumption of dairy products, including milkshakes, flavored milk, whipped cream, yogurts, and smoothies, can influence the growth of the flavored syrup market.

The flavored syrups have multiple applications in the food and beverage sectors. The increasing popularity of coffee syrup, dessert syrup, chocolate, and caramel syrup in the bakery and confectionery sectors drives the market expansion. The widespread use of beverage syrup in drinks, including soda, cocktails, soft drinks, and fruit-flavored syrups, and the availability of powdered syrups in ready-to-eat food products for versatile and easy preparation expand the market size.

The New Launches Drive the Market Growth.

The key market players of the market are developing and launching new flavors to cope with the rapidly changing consumer changes. The launch of a new range of syrups with natural ingredients is driving the market growth. The increased consumer preference for syrups with a high concentration of fruit with growing health awareness fuel market expansion.

The increasing consumers demand for the novel, and exotic fruit flavors are contributing to the introduction of new flavors. The various duo-fruit syrups are trending in the market. The lime-mint and lime-ginger are mostly used duos. They provide a mixture of sweet, bitter, and sour tastes. For instance, in February 2022, Daysie, all day casual bar, introduced a collection of simple syrups, including a trio for coffee, salted caramel, coconut almond, and Madagascar vanilla.

The Increasing Health Issues Restrains Market Growth.

The sugar syrup is used as the primary ingredient in the preparation of flavored syrups. The regular consumption of these sugar-based flavored syrups increases the calorie intake. This can contribute to various health issues, such as diabetes, obesity, and cardiac issues. The World Health Organisation estimates that about 422 million people worldwide are suffering from diabetes.

The increasing health awareness, growing health concerns, shift in consumer eating habits, and rising demand for low or zero-calorie food products are retraining the growth of the global flavored syrup market. The health problems caused by the flavored syrup use, such as diabetes, obesity, dental cavities, and stomach upsets, are hindering the market growth.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global flavored syrup market is segmented based on type, flavor, product, application, and region.

In the Global Flavored Syrup Market, the Fruit Segment Holds the Largest Market Share.

The global flavored syrup market has been segmented by type into chocolate, ginger, vanilla, fruit, corn, and others. The fruit segment held the largest flavored syrup market share of 3o.8% in 2022 in the flavored syrup market analysis report. The growing demand for flavored syrups with fruit infusions and unique flavors is one of the primary drivers of segment's expansion.

The rising consumer inclination towards syrups with high fruit content has been a most important factor accelerating the manufacturers to introduce a wide range of syrups infused with natural ingredients. The raspberry and orange are most commonly used fruit flavors in the market. The manufacturers are introducing various unique fruit flavors with the duo-fruit syrups such as lime & mint, and lime & ginger attracting consumers.

Geographical Analysis

The North America Region Held the Largest Flavored Syrup Market Share.

The global flavored syrup market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American flavored syrup market held the largest market share of 38.6% in 2022 in the flavored syrup market analysis. The increased use of flavored syrups in the food and beverage industries is driving the market in this region.

The widespread usage of fruit syrups in the United States and Canada is boosting the market growth in this region. In addition, the rising demand for flavored syrups in common goods such as snacks, cereals, beverages, and desserts. Diverse food habits, increasing popularity of the varieties of flavors in food products, and rising disposable income are some of the factors driving this market in this region.

Competitive Landscape

The major global players in the market include: Sensient Colors LLC, MONIN, Kerry, The Hershey Company, Tate & Lyle, Toschi Vignola s.r.l., ADM, Starbucks Coffee Company, The J.M. Smucker Company, and MANE.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

COVID-19 Impact:

The unprecedented COVID-19 pandemic in 2020 profoundly affected the food support and services industry. COVID-19 has considerably impacted the global food support and services supply chain phases involving flavored syrup production, processing, distribution, and consumption due to lockdowns and restrictions imposed by various governments.

Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence. They could impact interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.

The COVID-19 pandemic issue has had an impact on the food support and services industry as well. The COVID-19 pandemic is upending life, and the food support and services sector is seeing increased trends like flavored syrup. The food support and services businesses are launching innovative programs, including flavored syrup, that are straightforward to utilize.

Why Purchase the Report?

• To visualize the global flavored syrup market segmentation based on type, flavor, product, application, and region and understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of flavored syrup market-level with all segments.
• The PDF report includes a comprehensive market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Flavored Syrup Market report would provide approximately 69 tables, 73 figures and 165 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies