Flavored Syrup Market Size, Share, Trends, Forecast to 2027

Flavored Syrup Market to 2027 - Global Analysis and Forecasts By Flavor (Fruit, Chocolate, Vanilla, Herbs and Seasonings, and Others); Flavor Type (Sweet, Salty & Savory, Sour, and Mint); Application (Beverages, Dairy & Frozen Desserts, Confectionery, Bakery, and Others); and Geography

  • Report Code : TIPRE00005895
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 176

Flavored Syrup Market Size, Share, Trends, Forecast to 2027 | The Insight Partners

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The flavored syrup market was valued at US$ 42,306.1 million in 2018 and is expected to grow at a CAGR of 4.9% from 2019 to 2027 to reach US$ 64,960.7 million by 2027.

The flavored syrup is produced with natural or artificial flavoring ingredients mixed with sugar to obtain a concentrate. The flavored syrup is used in a variety of food and beverages such as coffee, frozen desserts, pancakes, waffles, and others to increase their organoleptic properties. Growing consumer demand for convenience foods coupled with rising application of flavored syrup in the food beverages and pharmaceutical industries are the prominent factors boosting the flavored syrup market growth. However, health risk associated with the presence of high sugar content in the flavored syrup is projected to hamper the market growth over the forecast period. Moreover, the significant shift of the consumers towards sugar-free products and the availability of a variety of sugar-free flavored syrup provides a lucrative growth opportunity for the key players operating in the market. North America accounted for the largest share of the global flavored syrup market.

The growth of the market in this region is primarily attributed to the growing demand from the fast-food chains and restaurants in countries such as the US, Canada, and Mexico. Additionally, the demand for convenience and ready to eat food products is increasing in the region due to the busy lifestyle and a higher standard of living and purchasing power among the consumers. Rising consumption of bakery and dairy products is further propelling the demand for the global flavored syrup market. Further, manufacturers such as Amoretti, Archer Daniels Midland Company, ASR Group, and Monin, Inc. have established a strong presence in the region and are aiming to capture better market share.  



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Flavored Syrup Market: Strategic Insights

Flavored Syrup Market
  • CAGR
    CAGR (2018 - 2027)
    4.9%
  • Market Size 2018
    US$ 42.31 Billion
  • Market Size 2027
    US$ 64.96 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Archer Daniels Midland Company
  • ASR Group
  • Cedarvale Maple Syrup Co
  • Kerry Group
  • Kraft Heinz Company
  • Monin Inc
  • Sensient Technologies Corporation
  • Small Hand Foods
  • Sunny Sky Products Llc

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market SegmentFlavor
  • Fruit
  • Chocolate
  • Vanilla
  • Herbs and Seasonings
Market SegmentFlavor Type
  • Sweet
  • Salty & Savory
  • Sour
  • Mint
Market SegmentApplication
  • Beverages
  • Dairy & Frozen Desserts
  • Confectionery
  • Bakery
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing Consumer Demand for Convenience Foods is leading to Rising Demand for Flavored Syrup

Syrups are defined as the dense blend of water and sugar, which adds sweetness and taste to foods such as fruit, chocolate, coffee, and vanilla flavored, among others. The demand for flavored syrups is increasing due to growing consumer preference towards processed or convenience foods. Convenience foods are those foods that require minimal or no processing and are used to minimize the time and energy needed for preparing food. Flavored syrups are toppings and ingredients added to convenience food items such as bakery and confectionery products, dairy products, ready-to-eat foods, frozen desserts, and on-the-go beverages so as to improve its taste and flavor. With the growth of the food and beverage industry and the rise in income levels, consumers are inclining more toward convenience foods. These factors are boosting the flavored syrup market.

Flavor Insights

The flavored syrup market is segmented on the basis of flavor fruit, chocolate, vanilla, herbs and seasonings, and others. The global flavored syrup market based on flavor was led by the fruit segment and held the largest market share. Fruit syrups, also known as a fruit juice concentrates, are available for almost all fruits on the market and has had rising demand for the fruit-flavored syrups in the global region. The fruit flavored syrups are heat extracted juices and used not only as flavoring agents but also as sweeteners in simple syrup preparations.

Flavor Type Insights

The global flavored syrup market based on flavor was led by the fruit segment and held the largest market share. Fruit syrups, also known as fruit juice concentrates, are available for almost all fruits on the market and has had rising demand for the fruit-flavored syrups in the global region. The fruit flavored syrups are heat extracted juices and used not only as flavoring agents but also as sweeteners in simple syrup preparations.

Application Insights

The global flavored syrup market based on application has been segmented into beverages, dairy & frozen desserts, confectionery, bakery, and others. The beverage applications segment held the largest share in the global flavored syrup market in 2018. The growth of the beverages segment is mainly attributed to the growing demand for various beverages such as packed fruit juices, concentrates, fruit purees, milkshakes, flavored milk, cocktails, soda and cold drinks, and hot beverages such as tea and coffee. Moreover, growing health concerns among the people along with the increasing consumer awareness through effective product promotion strategy are another two other factors bolstering the growth of the market.

Product launch and marketing of new products through media, campaigns, and advertisements are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. The players present in the flavored syrup market adopt the strategy of expansion and investment in research and development to enlarge the customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.

Flavored Syrup Market Report Scope

Report Attribute Details
Market size in 2018 US$ 42.31 Billion
Market Size by 2027 US$ 64.96 Billion
Global CAGR (2018 - 2027) 4.9%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Flavor
  • Fruit
  • Chocolate
  • Vanilla
  • Herbs and Seasonings
By Flavor Type
  • Sweet
  • Salty & Savory
  • Sour
  • Mint
By Application
  • Beverages
  • Dairy & Frozen Desserts
  • Confectionery
  • Bakery
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Archer Daniels Midland Company
  • ASR Group
  • Cedarvale Maple Syrup Co
  • Kerry Group
  • Kraft Heinz Company
  • Monin Inc
  • Sensient Technologies Corporation
  • Small Hand Foods
  • Sunny Sky Products Llc
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Global Flavored Syrup Market – By Flavor

  • Fruit
  • Chocolate
  • Vanilla
  • Herbs and Seasonings
  • Others


Global Flavored Syrup Market – By Flavor Type

  • Sweet
  • Salty & Savory
  • Sour
  • Mint  


Global Flavored Syrup Market – By Application 

  • Beverages
  • Dairy & Frozen Desserts
  • Confectionery
  • Bakery
  • Others


Company Profiles

  • Sensient Technologies Corporation
  • Kraft Heinz Company
  • Cedarvale Maple Syrup Co
  • Archer Daniels Midland Company
  • ASR Group
  • Kerry Group
  • Monin, Inc
  • Small Hand Foods
  • Sunny Sky Products, Llc
  • The Hershey Company
Report Coverage

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

Segment Covered

Flavor ; Flavor Type ; Application ; and Geography

Regional Scope

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which is the most widely used application of flavored syrups and why?

Beverage accounted to be the most widely used application for flavored syrup market. Flavored syrups finds wide application base in flavoring soft drinks, iced teas, flavored milk, ice cream sodas, milk shakes, sundaes and other beverages. Further, they are widely used in various alcoholic and non-alcoholic beverages to impart a unique taste and flavor to them. The availability of high-quality sweet, salty, and other types of flavors played an essential role in beverages. The rising demand for innovative drinks has favored the expansion of flavored syrup market across the global.

In 2018, which sub-segment was dominating the global flavored syrup market by the flavor type segment?

The sweet flavor type dominated the global flavored syrup market by the flavor type segment in 2018. The availability of sugar-free sweet flavored syrup and increase in demand for the same due to rising health consciousness among people have been major factors contributing to the growth of the sweet flavored syrup market all over the globe.

Which key factors drive the growth of flavored syrup globally?

The growing demand for flavored syrup from food beverages and pharmaceutical industries coupled with availability of diversified range of flavors have been the key drivers for the growth of the flavored syrup market all over the globe. The versatility of flavored syrup and availability in any liquid and powdered form makes it a perfect choice for the use in various end-use industries. These flavored concentrates act as potential flavor enhancers and thus, find applications as flavoring agents or toppings with coffee, pancakes, waffles, frozen desserts, and so on to enhance their organoleptic properties.

The List of Companies - Flavored Syrups Market

  1. Archer Daniels Midland Company
  2. ASR Group
  3. Cedarvale Maple Syrup Co.
  4. Kerry Group
  5. Kraft Heinz Company
  6. Monin, Inc.
  7. Sensient Technologies Corporation
  8. Small Hand Foods
  9. Sunny Sky Products, Llc.
  10. The Hershey Company

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