Global FlavoredSyrups Market is projected to witness a robust growth with a lucrative CAGR during the forecast period 2023-2027. The market growth can be accredited to the increasing demand for a variety of flavours and the growing trend of using flavoured syrup in hot and cold beverages. The application of flavoured syrups as a sweetener and taste enhancer is gaining traction across the flourishing food and beverage industry. In addition, several leading manufacturers are developing innovative flavours expand their portfolio, attract a larger consumer base, and cater to rapidly changing taste preferences of the consumers. Furthermore, the heightened preference for natural and organic products is offering lucrative growth opportunities to the market players. As a result, few market leaders have introduced a range of low-calorie syrups without compromising the taste of the syrup. This is providing a positive outlook to the market. Apart from this, the flourishing pharmaceutical sector is also strengthening the market growth. Flavoured syrups are widely used in the production of cough syrups to enhance the taste.
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The global flavoured syrup market is segmented on the basis of flavour, flavour type, application, competitive landscape, and regional distribution. Based on the flavour the market is bifurcated into chocolate, fruit, coffee, vanilla, herbs & seasonings and others. Among these, the fruit flavoured syrups are anticipated to hold a prominent market share in the coming years due to their widespread application in wide range of beverages such as cocktails, soda, cold drinks, soft drinks. Moreover, the growing preference of the consumers for high fruit content syrups is pushing the manufacturers to introduce a wide range of syrups infused with natural and organic ingredients. In addition, the growing trend of mixed fruit flavours such as lime-mint, raspberry-mint, line-ginger, etc is supplementing the growth of this segment. By flavour type the market is fragmented into salty, sweet, sour, savoury and mint. Based on application the market is differentiated among beverage, confectionery, bakery and dairy & frozen desserts. The market analysis also studies the regional segmentation, divided among North America, Europe & CIS, Asia Pacific, Middle east and Africa, South America.
Some of the leading players in the Global FlavoredSyrups Market are Kerry Group PLC, Tate & Lyle, Concord Foods, Sensient Technologies Corporation, Fuerst Day Lawson Ltd., Monin Inc., Toschi Vignola, R. Torre & Company Inc., Sensoryeffects Flavor Systems, The Hershey Company etc.
In this report, Global FlavoredSyrups Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Flavored Syrups Market, By Flavour:
- Herbs & Seasonings
- Flavored Syrups Market, By Flavour Type:
- Flavored Syrups Market, By Application:
- Dairy & Frozen Desserts
- Flavored Syrups Market, By Region:
- Asia Pacific
- South Korea
- Europe & CIS
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
Company Profiles: Detailed analysis of the major companies present in FlavoredSyrups Market.
With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).