Flavored Syrup Market: Popularity of Chocolate Flavored Syrup to Increase,
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The increasing consumer preference for personalized flavors is compelling manufacturers to develop wide range of flavored syrups, and thus the flavored syrups market is growing. Of the two types of flavors in market, natural and artificial flavor, the demand for natural flavor is increasing. The use of flavored syrup in dairy and frozen product markets is creating a heightened demand for syrups. Flavored syrups are also in demand for applications where the flavor of the syrup acts as a sweetener and taste enhancer. The thriving convenience foods market is also one of the key factors boosting the demand for flavored syrups. This is because there is an increasing demand for flavored syrups as taste enhancer in convenience foods.
Savory flavored syrups are being used in yogurts, salad dressings, confectionary and bakery items, and meat recipes. One of the trends in the market, that has been seen of late, is the increasing demand for chocolate flavored syrup. In addition to flavored syrups being used across the food and beverage industries, they are also being used in the pharmaceutical industry so as to make medicines flavorsome and appetizing. All these factors are expected to ensure a continued growth of the flavored syrup market across the globe. However, one of the biggest challenges faced by the market is the presence of high sugar content. Many health hazards such as diabetes, stomach upsets, and high blood sugar are caused by flavored syrup, used as artificial sweetener. In addition to this, the domestically made corn syrup is another key restraint challenging the market.
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The global key players in the flavored syrup market include Kerry Group, The Hershey’s Company, Tate & Lyle, Concord Foods, Monin Inc., and Guangzhou Zhengliang.
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