Market Overview:
Flavoured Syrups are made with the assistance of natural or artificial flavoring agent mixed with sugar to obtain a concentrate. They are made in different flavors and are available throughout the world. Diverse application of these concentrates across various industries as a potential enhancer has made them famous across the geographies. These syrups based on their flavors are employed with coffee, frozen desserts, pancakes, waffles, and others to escalate their organoleptic properties. The global Flavoured Syrups market is presently worth USD 43.8 billion and is estimated to rise at a current CAGR of 3.7% during the forecast period to reach USD 53.4 billion by 2024.
Market drivers and restraints:
Expansion in food and beverage business is boosting the development of Flavoured Syrups market. The Flavoured Syrups are currently employed in packed fruit juices, concentrates, and fruit purees based on its property to add nutrients as well as to improve the flavor. Economy development and rising disposable income are boosting the expansion of Flavoured Syrupsin the global market. Enhancement in the economic conditions and customers’ increasing awareness through product promotions is also playing a significant role in the expansion of this market.
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Report segmented as:
By type:
- Synthetic
- Natural
By flavor:
- Chocolate
- Vanilla
- Maple
- herbs & spices
- coffee
- fruits
- others
By application:
- confectionary & bakery products
- dairy & frozen desserts
- beverages
- others
By flavor type:
- Sweet
- Savory
- Sour
- others
Geographical analysis:
The global Flavoured Syrups market based on geography is segregated into North America, Europe, Asia Pacific, and rest of the world (ROW). North America accounts for the highest market share followed by Europe. The key importers of Flavoured Syrups are the U.S., the U.K., Germany, China, and Canada.
Important market players:
Some of the major players operating in the global Flavoured Syrups market include The Hershey Company (U.S.), Kerry Group Plc. (Ireland), Sensient Technologies Corporation (U.S.), Tate & Lyle plc. (U.K.), Monin, Inc. (U.S.), Concord Foods Inc. (U.S.), and Wild Flavors, Inc. (U.S.)
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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