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Flavored Syrups Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends
Flavored Syrups Market
Flavored Syrups Market Size, Growth Rate, And Forecast
The global flavored syrups market is expected to grow from $46.88 billion in 2022 to $48.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flavored syrups market is expected to grow to $57.19 billion in 2027 at a CAGR of 4.0%.
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Flavored Syrups Market Drivers
The increasing consumption of convenience food products are expected to drive the flavored syrups market. Convenience foods are prepared, ready-to-eat foods frequently seen on restaurant menus or grocery shops, including frozen foods and snacks. There has been an increase in the consumption of convenience food due to changing consumption patterns and living standards. Flavored syrups are used in various convenience food products, including waffles, coffee, pancakes, tea, cake, ice cream, and other foods to add needed flavors.
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Flavored Syrups Market Segments
1) By Product Type: Natural, Synthetic
2) By Flavor Type: Fruit, Chocolate, Vanilla, Coffee, Herbs and Seasonings, Other Flavors
3) By Distribution Channel: Food Service, Food Retail
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Flavored Syrups market.
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Flavored Syrups Market Key Players
Major competitors in the Flavored Syrups market include Monin Inc., Sensient Technologies, The Hershey Company, Tate & Lyle PLC, Kerry Group, Fuerst Day Lawson, Toschi Vignola
The Table Of Content For The Flavored Syrups Market Include:
1. Executive Summary
2. Flavored Syrups Market Characteristics
3. Flavored Syrups Market Trends And Strategies
4. Flavored Syrups Market - Macro Economic Scenario
5. Flavored Syrups Market Size And Growth
……
27. Flavored Syrups Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Flavored Syrups Market
29. Flavored Syrups Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Flavored Syrups Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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