Global Flavored Syrup Market Valued at $53.82 Billion in 2023, Expected to Reach $71.78 Billion by 2030 with 4.2% CAGR Growth

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Flavored Syrup Market Overviews

The Global Flavored Syrup Market size was valued at USD 53.82 Bn. in 2023 and the total Market revenue is expected to grow at a CAGR of 4.2 % from 2024 to 2030, reaching nearly USD 71.78 Bn. by 2030.

Syrups are made by blending sugar, water, and premium extracts or flavorings. The flavored syrup market encompasses the production, distribution, and sale of sweeteners infused with various flavors like chocolate, fruit, and vanilla, which are used to enhance the taste of beverages, desserts, pediatric/geriatric medicines, and other products. This market serves both commercial and residential sectors globally.

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Flavored Syrup Market Scope and Methodology:

Consumer demand for exotic flavors in food and beverages is fueling market growth, as people seek variety and unique taste experiences. This trend is pushing manufacturers to innovate and introduce new flavor options. Flavored syrups, in particular, provide a convenient way for consumers and foodservice providers to customize the taste of beverages and food, catering to the growing preference for personalized flavors. The majority of flavored syrup sales come from restaurants, bakeries, and hotels, where they are commonly used as toppings for desserts, baked goods, pancakes, coffee, and other drinks.

Flavored Syrup Market Regional Insights

The North America flavored syrup market held the largest market share in 2023 which is attributed to high acceptance of syrups in the countries such as U.S., and Canada, and rising consumer preferences for flavored syrups in daily meals such as snacks, cereals, beverages, and desserts. In US, flavored syrups are widely used in the beverage industry, especially in, cafes and specialty beverage chains as consumers enjoy flavored syrups in their coffee, tea, and other specialty drinks like lattes, frappes, and smoothies. The distribution of flavored syrups through retail channels such as supermarkets, specialty food stores, and online platforms with packaging in the form of bottles or dispensers for consumer convenience has increased the consumer base for syrups.

Flavored SyrupMarket Segmentation

Based on distribution channel, the B2B segment holds the largest market share during the forecast period due to the increasing bulk purchases by businesses such as coffee shops, restaurants, bakeries, food outlets, and beverage manufacturers that use flavored syrups regularly in their products. Popular café chains like Starbucks have incorporated a variety of syrups, including caramel, hazelnut, and vanilla, into their coffee offerings. In 2023, the U.S. had 8,780 Bakery Café businesses, reflecting a 0.6% growth from 2022, indicating a substantial market for flavored syrups in food and beverages. Meanwhile, the B2C segment is experiencing faster growth, driven by rising demand for flavored syrup drinks in the residential sector.

Flavored Syrup Market Key Players

Torani (US)
Pinnacle Foods (US)
Kraft Heinz (US)
Hershey (US)
Cedarvale Maple Syrup (US)
Archer Daniels Midland Company (US)
Tata & Lyle (UK)
Ghirardelli (US)
Nestle (Switzerland)
R. Torre & Company
Fuerst Day Lawson (UK)
Concord Foods (US)
Sensory Effects (US)
NutriFood (US)
Toschi Vignola (Italy)

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Key questions answered in the Flavored Syrup Market are:

What is Flavored Syrup ?
What was the Flavored Syrup market size in 2023?
What is the growth rate of the Flavored Syrup Market?
Which are the factors expected to drive the Flavored Syrup market growth?
What are the different segments of the Flavored Syrup Market?
What growth strategies are the players considering to increase their presence in Flavored Syrup ?
What are the upcoming industry applications and trends for the Flavored Syrup Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Flavored Syrup Market?
Who are the leading companies and what are their portfolios in Flavored Syrup Market?
What segments are covered in the Flavored Syrup Market?
Who are the key players in the Flavored Syrup market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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