Flavoring Syrup And Concentrate Market Size, Current Trends And Forecast To 2033

The flavoring syrup and concentrate market size is expected to see strong growth in the next few years. It will grow to $77.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to demand for ready to drink beverages and demographic shifts in emerging markets . Major trends in the forecast period include manufacturing products with organic ingredients, automation technology to improve production efficiency and profits, manufacturing sugar free products to increase consumer demand, manufacturing versatile and flavored food products, offering products infused with offering unique flavors products.

Market Overview -

Flavoring syrups and concentrates are liquids that are made by dissolving sugar in water or by reducing naturally sweet juices.

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Favorable Economic Outlook Fuels Growth In The Flavoring Syrup And Concentrate Manufacturing Market

The growth of the flavouring syrup and concentrate manufacturing markets is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and 3.4% in 2021, both according to the IMF. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the flavoring syrup and concentrate manufacturing market during the forecast period.

Competitive Landscape -

Major companies operating in the flavoring syrup and concentrate market report are International Flavors & Fragrances Inc, Kerry Group plc, The Hershey Company, Golden State Foods, WILD Flavors and Specialty Ingredients (ADM), Monin, Inc., Sodastream USA, Concord Foods, LLC, R. Torre & Company, Inc., Small Hand Foods, Rasna Private Limited, Feroze Foods And Flavours, Xi'an FlavorSpring Biotech Co., Ltd., Ajinomoto Co., Inc., Givaudan, Shenzhen Tangzheng Biological Technology Co., Ltd., Doehler Natural Food & Beverage Ingredients (JINSHAN) CO. Ltd., Jinan JINHUAFANG Food Technology Co. Ltd., Fuerst Day Lawson, Tate & Lyle, Toschi Vignola, Cargill, Sensient Technologies, Archer Daniels Midland Company, Symrise, ASR Group, Arme, Fleurs et Fruits, Great Valley Juices, Kraft Heinz Company, Cedarvale Maple Syrup Co., Keurig Dr Pepper Inc., Refresco Group BV, Smucker's, Sunny Sky Products, Amoretti, Hershey Company, Starbucks Coffee Company, WILD Flavors, PepsiCo, Frutarom Group, Florasynth, Trofina Food, Nettari, Fruit Fusion.

Launch Of Innovative Flavored Products

Syrup and concentrate manufacturers are increasingly offering products made with natural and organic ingredients. Innovative flavoured products with enhanced nutritional value and low sugar content are attracting consumers with health consciousness. For instance, in March 2022, PepsiCo's, a US-based food, snack, and beverage corporation, launched Maple Syrup cola. This luscious maple syrup flavour profile is combined with the crisp, refreshing caramel overtones of a Pepsi.

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Key Segments -

The flavoring syrup and concentrate market covered in this report is segmented -

1) By Type: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads
2) By Flavors: Fruit, Chocolate, Vanilla, Coffee, Herbs & Seasonings, Other Flavours
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Food And Beverages Stores, E-Commerce, Other Distribution Channels
4) By Application: Individuals, Beverages, Dairy & Frozen Desserts, Confectionery, Bakery, Other Applications

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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