Flavored Syrups Market Size, Share and Competitive Landscape 2021-2025

Posted on 2021-11-01 by researchinsights in Food & Beverage // 0 Comments

San Jose, California , USA, Nov 01, 2021 — /EPR Network/ —

The Flavored Syrups Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global flavored syrups market is expected to reach USD 65.6 billion by 2025, according to Million Insights, registering a 5.1% CAGR over the forecasted period, from 2019 to 2025. Rapidly increasing demand for customized flavor food products in the food and beverage industry has majorly driven the growth of this market. The flavored syrup is used as a sweetener and taste enhancer in the food and beverage industry which is expected to gain traction among manufactures. The growth of the market is primarily attributed to increasing demand for customized flavor syrups among consumers.

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Moreover, consumers are willing to experiment with unique and new fruit flavors. This is a key factor which encouraging the market players to develop fruit syrups such as lime-mint, raspberry-mint, lime ginger that offers a combination of bitter, sour and sweet taste in a single dish. In addition, many companies are coming up with innovative flavored syrups to cater to rapidly changing consumer demands. For example, The Ági fruit syrups introduced honey-infused flavored syrup such as raspberry-lemon balm with honey, elder-lime with honey, and baked apples with honey.

Among types, the fruit category accounted for the largest market share of more than 35.0%, in 2018. Increasing consumer demand for fruit-based flavored syrups along with the high preference for a new and unique taste, thereby is expected to drive the segment growth over the forecast period. Furthermore, consumers are shifting towards organic and natural ingredients, as they are refraining to taste artificial flavors. This factor is encouraging the market players to develop flavored syrups containing natural ingredients., For instance, Pölöskei Drink Kft company offers combined fruit flavor syrups. It blends basic flavors in fruit syrups to develop unique variety such as acerola-raspberry and blueberry-raspberry. Coffee, hazelnut, and caramel flavors are also gaining popularity in the beverage industry. For example, Starbuck introduced a wide range of natural flavored syrups including coffee, vanilla, hazelnut, and caramel.

The bakery and confectionery category is anticipated to grow with a CAGR of more than 5.0% from 2019 to 2025. Rising consumer preference for rolls, pastries, cookies, and crackers is projected to augment the market growth over the forecast period. Beverage held the largest market share of 35.0%, in 2018. Beverage such as cold beverage, soft drinks, and cocktails are common products that contain flavored syrups as a sweetener and taste enhancer.

Flavored Syrups Type Outlook (Revenue, USD Billion, 2015 – 2025)

Fruit
Vanilla
Chocolate
Others

Flavored Syrups Application Outlook (Revenue, USD Billion, 2015 – 2025)

Bakery & Confectionery
Beverages
Dairy & Frozen Desserts
Others

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Flavored Syrups Regional Outlook (Revenue, USD Billion, 2015 – 2025)

North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa

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