Influence of chocolate flavored cakes product variety: Results highest CAGR in Asia-Pacific Flavored Syrups Market
The syrup industry’s main activities consist of manufacture of beverage syrups, toppings, and powders, which are further used, in soft drink production. Arrival of new drink products will aid in altering the predilection of customers, thereby shifting the growth of syrup market. The chocolate flavoured syrup is likely to grow at the highest CAGR from 2016 to 2021.
The growth can be recognized to its industrial application in production of chocolate-flavoured dairy drinks, bakery products, frozen desserts, chocolate-flavoured beverages, chocolate confectionery, and ice creams. Additionally, the growing level of consumer demand for chocolate has enhanced the consumption of chocolate flavours.
There is a rising demand for syrups as a sweetening agent in the food and beverage industry, due to huge ingestion of processed foodstuff and a profuse yearning for items that have high sugar levels.
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The report also presents detailed analysis of multitude of factors affecting Asia-Pacific Flavoured Syrups Market bearing either positive or negative outcomes. Some of those factors are
• Growing consumer demand for a range of flavours in food products,
• Custom-made flavour choices
• Increasing user predilection towards convenience & ready-to-eat foods.
• The high growth potential in the developing markets in this region offers new prospects for the market players.
• High sugar level in synthetic sweeteners, which lead to health problems.
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For granular level understanding, the Asia-Pacific Flavoured Syrups Market is segmented based on flavor, flavour type, and application each being provided with Market Size Estimations and Y-o-Y Forecasts. The market for Flavoured Syrups, on the basis of flavour, is classified into Chocolate, Coffee, Herbs & Seasonings, Vanilla, Fruit, Maple, Malt, Palm, and Others. On the basis of flavour type, the Flavoured Syrups market is segmented into Salty, Sour, Mint, Savoury, Sweet. On the basis of Application, the Flavoured Syrups market is segmented into Dairy & Frozen Desserts, Bakery, Confectionery, Beverage, and Others. Fruit syrups lead the market share owing to their extensive usage in beverages such as soft drinks, trailed by maple syrup. Chocolate syrup has the highest CAGR due to rising user interest in chocolate as a topping. Under the applications segment, Dairy & frozen desserts has the highest CAGR because of its use in milkshakes, frappes, flavoured milk, whipped creams, and others.
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The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. This region offers significant opportunities for the Flavoured Syrups market, with China and India being the most populous countries in this region contributing to the increasing demand. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the rise in disposable incomes in developing economies, primarily in China and India.
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The diabetic epidemic is a key heath issue throughout the world and it has been escalating, especially in middle income families, who are the chief consumers of syrups. Furthermore, excess sugar intake is linked to metabolic dysfunction, liver damage, and obesity, which are driving the health conscious users away from sugary syrups. Hence customers are turning away from carbonated beverages. This is hindering the demand for the syrups used in their manufacturing companies like Tate & Lyle and Cedarvale Maple Syrup. The major companies dominating the Flavoured Syrups market in this region are Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, and Sensient Technologies Corporation.
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The Asia-Pacific Flavoured Syrups Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of flavour, flavour type, and application with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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Asia-Pacific Fruit Concentrate Market: http://www.marketdataforecast.com/market-reports/asia-pacific-fruit-concentrate-market-471/
Asia-Pacific Frozen Fruits Market: http://www.marketdataforecast.com/market-reports/asia-pacific-frozen-fruits-market-1066/
Asia-Pacific Food Additives Market: http://www.marketdataforecast.com/market-reports/asia-pacific-food-additives-market-1520/
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