Syrup Market Outlook, Global Size, Growth Drivers, Top Companies and Industry Analysis Till 2027
According to IMARC Group’s latest report, titled “Syrup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global syrup market is expected to exhibit a CAGR of 4.13% during 2022-2027. Syrups refer to thick, sweet, and viscous liquids that consist of highly concentrated sugar solution and flavoring agents. Some of the most commonly available syrups include chocolate, maple, corn, fruit, tapioca, flavored, and malt syrups. They are widely used as toppings, taste enhancers, sweeteners, flavoring agents, food additives, and beverage concentrates. They are also employed as natural preservatives to reduce water activity and utilized in medicines to improve their taste. As a result, syrups find extensive applications in bakery products, candies, frozen desserts, confectioneries, beverages, and pharmaceuticals.
Market Trends and Drivers
The emerging product applications in the food and beverage industry and the increasing consumption of ready-to-eat (RTE) food products represent the primary factors driving the market growth. Additionally, with the escalating demand for flavored beverages, there has been widespread adoption of syrups in mocktails, cocktails, energy drinks, and coffee to cater to the changing consumer taste and flavor preferences. In line with this, there has been growing usage of flavored syrups as toppings and sweeteners in breakfast meals, frozen yogurts, desserts, pancakes, waffles, and cereals. Furthermore, the leading manufacturers are developing new organic product variants containing low-calorie formulations with natural sweetening and flavoring agents due to the rising concerns regarding the high glycemic index (GI) of traditional syrups among consumers. Along with this, the launch of maple syrup, a healthy and versatile sweetener with high nutritional value and digestion-enhancing properties, has accelerated the product adoption rate. Some of the other factors, including the introduction of savory flavored syrups, rising consumer health consciousness, emerging cross-cultural food trends, rapid globalization, improving lifestyles, surging product usage in cough syrups, elevating income levels, and new product launches, are also providing a positive thrust to the market growth.
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Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amoretti
- Cedarvale Maple Syrup Company
- Conagra Brands Inc.
- Concord Food LLC
- Kraft foods (Kraft Heinz Company)
- Nature’s Way Products LLC
- NutriFood Indonesia
- Quaker Oats Company (PepsiCo)
- Sonoma Syrup Co.
- The Hershey Company (Hershey Trust Company)
Key Market Segmentation:
The report has segmented the global market based on flavor, application, distribution channel and region.
Breakup by Flavor:
- Vanilla
- Strawberry
- Chocolate
- Mint
- Others
Breakup by Application:
- Beverages
- Dairy and Frozen Desserts
- Confectionaries
- Bakery Products
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Sales
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- Turkey
- Saudi Arabia
- South Africa
- Others
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/syrup-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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