Global Flavored Syrups Market Size - Industry Trends & Forecast Report 2027 - PDF document

Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) Global Flavored Syrups Market Size - Industry Trends & Forecast Report 2027 A study, recently conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the global flavored syrups market was worth USD 47.5 Billion in the year 2020. It is estim ated to grow at a CAGR of 4.9%, earning revenue of around USD 65.9 Billion by the end of 2027. Nowadays, consumers prefer consuming foods with interesting flavors, which plays an important role in driving the demand for the flavored syrups market. Due to the increasing number of working women and the hectic daily schedule of the Millennials, people are shifting towards ready - to - eat and easy - to - make breakfast food items. Due to customers' growing preference for artificial or organic taste enhancers in conve nience food products, the global flavored syrup market is expected to grow during the forecast period. Report Overview Global Flavored Syrups Market Size - Industry Tre nds & Forecast Report 202 7 The global flavored syrups market was worth US D 47.5 Billio n in 2020 and is further projected to reach USD 65.9 Billion by 2027, at a CAGR of 4.9% during 2021 - 2027 (forecast period). The basic reasons contributing to the demand o f flavored syrups market are rising demand for different flavors in food products and availability of product variety in the market. Also, the shifting preference of View report Press release Sample report Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) consumers towards convenience foods and ready - to - eat products is driving the flavored syru ps market growth. The global flavored syrup market is expected to expand throughout the forecast period, owing to customers' increasing preference for artificial or natural flavor enhancers in convenience foods . Global Flavored Syrups Market Overview : Artificial and natural flavorings, which are combined with water and sugar, are called flavored syrups. The basic purpose of these flavored syrups is to increase the organoleptic characteristics of the product. These syrup s not only increase the flavor of the product but add nutrients as well. These syrups are used in a variety of industries, including food, drinks, baking, and confectionary. Consumer demand for convenience meals, as well as the increasing use of flavored s yrups in numerous industries, are the primary factors driving the need for flavored syrups market growth . Global Flavored Syrups Marke t Forecast and Trend s Growth Driver s Increasing consumer demand for convenience food s The rising consumer preference towards processed and convenience foods is increasing the demand for flavored syrups market. Foods that require minimal or no processing and usually requires less time and energy in making called convenience foods. Flavored s yrups are used to enhance the taste and flavor of convenience foods such as bread and confectionery products, desserts, and dairy products. The increase in the income levels of consumers and the growth of the food and beverages industry are the factors, wh ich are boosting the flavored syrups market . Increased applications in breakfas t Another key reason driving the growth of the flavored syrups market is the use of these syrups in breakfast items. The number of working women has increased globally; consequently, their daily lifestyle has become too hectic, leaving little time for making sophisticated morning meals. Consumers therefore, prefer these syrups to add flavors to easy - to - make and ready - to - eat breakfast products as they have less time in the morning. These syrups are being used as a topping in breakfast items, which is raising c onsumer demand and pushing the market for flavored syrups . Restraint s High sugar conten t The primary impediment to the growth of the flavored syrups market is the health problems caused by the increasing use of high sugar content artificial sweeteners wh ich can cause cardiac disorders, high blood sugar, diabetes, and gastrointestinal disorders. Furthermore, there is a growing concern over rising obesity as a result of excessive sugar consumption. he use of syrups in the baking and confectionary industries leads to the consumption of these items by children and the young Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) population, which is not good for their health and wellbeing. These are the factors that are impeding the growth of the global flavored syrups market . Impact of COVID - 19 in the industr y The COVID - 19 pandemic has had extraordinary and unanticipated consequences for communities as well as the global economy. The outbreak of COVID - 19 has affected almost every industry and the flavored syrups market is no exception. The global flavored syrups ma rket has witnessed a huge decline in sales throughout the pandemic. People were only buying essential food items because of the lockdown and the severe impact it had on their income. As a result, the demand for flavored syrups was much lower in March and April 2020. This trend is expected to continue till the pandemic continues to impact the world . Global Flavored Syrups Market : By Flavo r Based on flavor type, the global flavored syrups market is categorized into Fruit, Chocolate, Vanilla, Coffee, and He rbs & Seasoning . Fruit flavored syrups segment held the largest market share in 2020 followed by the chocolate flavored syrups, segment which is expected to grow at the highest CAGR in the coming years. Fruit - flavored syrups are extensively using in bakery and confectionery products, including desserts, ice creams. Fruit syrups add a distinctive flavor to a variety of drinks and mocktails. Consumers prefer chocolate - flavored syrups after fruit syrup due to its use in a wide variety of food products, such as cold beverages, hot beverages, toppings on ice cream, waffles, and cakes . Global Flavored Syrups Market : By Taste Typ e Based on taste type, the global flavored syrups market is categorized into Sweet, Salty, Savory, Sour and Mint. The sweet form has acc ounted for the largest market share in 2020. This form is increasingly used in various desserts, shakes, bakery products, and ice creams. However, the savory form is also projected to increase at the highest CAGR during the forecast period as it is increas ingly used in beverages. Also, savory flavor is increasingly being used in meat dishes, salad dressings, and in the preparation of cupcakes and pancakes in bakery items, among other applications that are not confined to beverages. Savory flavored syrups, s uch as spicy and herb, are increasingly being used in food applications, influencing demand in this market . Global Flavored Syrups Market : By Applicatio n Based on application, the global flavored syrups market is segmented into Beverage, Dairy & Frozen D essert, Confectionery, and Bakery. The beverage segment accounted for the largest share in the market in 2020 and is still growing progressively. Syrups are mostly used in the preparation of cold beverages such as flavored sodas, mochas, and iced tea. Thes e are also used for preparing customized cocktails and mocktails. The use of flavored syrups in hot beverages such as tea and coffee is becoming increasingly popular. This aids in giving flavor variants to consumers in order to satisfy their likes and pref erences . Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) Global Flavored Syrups Marke t – Regional Insight s Based on region, the global flavored syrups market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among these regions, North America accounted for t he largest share in 2020 due to the high demand of consumers for convenience and ready - to - eat food. The Asia Pacific is also likely to witness the fastest growth rates due to the rising demand for new and advanced products in the food and beverage industry . The rate of progress is also influenced by the growing number of new products developed and launched in the food and beverage business. Additionally, improved government regulations in the food and beverage sector in emerging economies such as China and India will also drive the expansion of the global flavored syrups market . Recent Development s In February 2021 – Smucker’s announced the launch of a new cupcake - flavored “Unicorn Magic Shell” ice cream topping. This Magic Shell topping has a wonderful white cupcake flavor with lovely pink, blue, and purple speckles . In February 2021, Monin, an award - winning premium flavoring company with more than 100 years of experience, introduced the 2021 Flavor of the Year: Strawberry Rose. Monin Strawberry Rose Syrup combines the queen of florals with ruby red strawberry to create a sophisticated bouquet of flavors . Competitive Landscap e Key players in the global flavored syrups market are Sensient Technologies Corporation, Kerry Inc., Sensory Effects, Inc, Concord Foods, LLC, The Hershey Company, Monin, Archer Daniels Midland Company, Starbucks Corporation, The J.M. Smucker Company, Mane, Stirling Flavors, LLC, Malabar Food Products., W.T. Lynch Foods Limited, Midwest Syrup Company, RIO Syrup Company, Inc., and other key manufacturers. The key players in the flavored syrup market have been continually using the strategy of expansion as wel l as investment in research and development to increase their customer base, gain important market share worldwide, and promote their brand globally . Scop e Attribut e Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Millio n Market Coverag e U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) China, India, Argentina, AUAE, South Africa, Saudi Arabi a Product/Service Segmen t atio n By Flavor, By Taste Type, By Application, By Regio n Key Player s Key players for global flavored syrups market are Sensient Technologies Corporation, Kerry Inc., Sensory Effects, Inc, Concord Foods, LLC, The Hershey Company, Monin, Archer Daniels Midland C ompany, Starbucks Corporation, The J.M. Smucker Company, Mane, Stirling Flavors, LLC, Malabar Food Products, W.T. Lynch Foods Limited, Midwest Syrup Company, RIO Syrup Company, Inc. and other key manufacturers . · By Flavo r o Frui t o Chocolat e o Vanill a o Coffe e o Herbs & Seasonin g · By Taste Typ e o Swee t o Salt y o Savor y o Sou r o Min t · By Applicatio n o Beverag e o Dairy & Frozen Desser t o Confectioner y o Baker y · By Regio n o North Americ a o Latin Americ a o Europ e Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) o Asia Pacifi c o Middle Eas t o Afric a FAQ s 1 . What is the current size of the global flavored syrups market ? Answer: Global flavored syrups market has reached USD 47.5 Billion in 2020 . 2 . What are the major factors driving the growth of global flavored syrups market ? Answer: Rising demand for varied flavors in food products, as well as the availability of product variety in the market, are the primary factors driving the growth of the flavored syrups market. Furthermore, the rising customer preference for convenience foods and ready - to - eat goods is driving the growth of the flavored syrups market . 3. Who are the key players in the global flavored syrups mark et ? Answer: The key players in the global flavored syrups market are Sensient Technologies Corporation, Kerry Inc., Sensory Effects, Inc, Concord Foods, LLC, The Hershey Company, Monin, Archer Daniels Midland Company, Starbucks Corporation, The J.M. Smucke r Company, Mane, Stirling Flavors, LLC, Malabar Food Products., W.T. Lynch Foods Limited, Midwest Syrup Company, RIO Syrup Company, Inc., and other key manufacturers . 4. Which flavor type segment accounted for the largest share in the global flavored syrup s market ? Answer: Fruits, by flavor type, accounted for the largest share in the global flavored syrups market . 5. Which application segment accounted for the largest share in global flavored syrups market ? Answer: Beverages segment is growing at a higher rate in the global flavored syrups market . Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027) About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative da ta to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For mo re information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Flavored Syrups Market Thriving: Projected to touch USD 65.9 Billion by 2027, growing at the CAGR of 4.9% during the forecast period (2021 - 2027)