The Flavored Syrups Global Market Report 2023, provides comprehensive information on the flavored syrups market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Flavored Syrups Global Market Report 2023, the market is expected to grow from $46.88 billion in 2022 to $48.93 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The flavored syrups market is expected to grow to $57.19 billion in 2027 at a CAGR of 4.0%.
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Product innovation is a key trend gaining popularity in the flavored syrups market. Major companies operating in the market are developing innovative products with characteristics such as organic, clean label, customized glazing agents and anti-sticking agents to sustain their position in the market. For instance, in January 2020, Monin, a France-based provider of flavoring products, introduced its clean-label syrups including Monin Dragon Fruit Syrup, Monin Pineberry Syrup and Monin Orange Spritz Syrup. These clean-label syrups are made with natural ingredients and do not contain any artificial ingredient. Monin premium syrups provide a simple solution for operators to create an infinite number of new, delicious applications that customers demand by eliminating the challenge of laborious preparation, constrained flavor availability, and expired products.
The flavored syrups market is segmented:
1) By Product Type: Natural, Synthetic
2) By Flavor Type: Fruit, Chocolate, Vanilla, Coffee, Herbs and Seasonings, Other Flavors
3) By Distribution Channel: Food Service, Food Retail
North America was the largest region in the flavored syrups market in 2022.
The table of contents in TBRC’s flavored syrups market report includes:
- Executive Summary
- Flavored Syrups Market Characteristics
- Flavored Syrups Market Trends And Strategies
- Flavored Syrups Market – Macro Economic Scenario
- Flavored Syrups Market Size And Growth
- Flavored Syrups Market Segmentation
- Flavored Syrups Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Flavored Syrups Market
- Flavored Syrups Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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