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Flavored Syrup Market 2021-2028 Industry Trend and Demands Research Report
The flavored syrup market was valued at US$ 42,306.1 million in 2018 and is expected to grow at a CAGR of 4.9% from 2019 to 2027 to reach US$ 64,960.7 million by 2027.Flavored syrups are basically simple syrups that are mixed with sugar and this mixture is then completely mixed with water while they are heated with artificial or naturally occurring flavorings. A wide range of flavors are available on the market, including vanilla, malt, cherry, peach, and toasted marshmallows. On the basis of flavor, the global flavored syrup market is categorized into fruit, chocolate, vanilla, herbs and seasonings, and others. In 2018, The fruit flavored syrups led the flavored syrup market with a higher market share.
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Competitive Landscape flavored syrup Market: Sensient Technologies Corporation, Kraft Heinz Company, Cedarvale Maple Syrup Co, Archer Daniels Midland Company, ASR Group, Kerry Group, Monin, Inc., Small Hand Foods, Sunny Sky Products, LLC, and The Hershey Company
Global Flavored Syrup Market – By Flavor
• Fruit
• Chocolate
• Vanilla
• Herbs and Seasonings
• Others
Global Flavored Syrup Market – By Flavor Type
• Sweet
• Salty & Savory
• Sour
• Mint
Global Flavored Syrup Market – By Application
• Beverages
• Dairy & Frozen Desserts
• Confectionery
• Bakery
North America holds the largest share in the global flavored syrup market. The largest market share of the North American region is primarily attributed to changes in lifestyle patterns of consumers and preference toward convenience food products. Additionally, the busy lifestyle and changing food habits of the consumers in developed countries such as the US and Canada has led to a surge in demand for convenience food. Flavored syrups are widely used in preparation of bakery and confectionery items, beverages and dairy products.
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