Press release
Flavoring Syrup And Concentrate Global Market Opportunities 2033
Flavoring Syrup And Concentrate Market Opportunities
As per the report, the flavoring syrup and concentrate market size has grown strongly in recent years. It will grow from $57.46 billion in 2023 to $61.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. 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%.
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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.
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.
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
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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.
Contents of the report:
1. Executive Summary
2. Flavoring Syrup And Concentrate Market Report Structure
3. Flavoring Syrup And Concentrate Market Trends And Strategies
4. Flavoring Syrup And Concentrate Market - Macro Economic Scenario
5. Flavoring Syrup And Concentrate Market Size And Growth
…..
27. Flavoring Syrup And Concentrate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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