The Business Research Company’s latest report Flavoring Syrup And Concentrate Global Market Report 2020 covers Flavoring Syrup And Concentrate market drivers, Flavoring Syrup And Concentrate market trends, Flavoring Syrup And Concentrate market segments, Flavoring Syrup And Concentrate market growth rate, Flavoring Syrup And Concentrate market major players, and Flavoring Syrup And Concentrate market size. The report provides in-depth analysis of the impact of COVID-19 on the Flavoring Syrup And Concentrate industry, along with revised market numbers due to the effects of the coronavirus.
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Flavoring Syrup And Concentrate Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global flavoring syrup and concentrate market is expected to grow from $50 billion in 2019 to $51.1 billion in 2020 at a compound annual growth rate (CAGR) of 2.3%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $61.8 billion in 2023.
The report covers the Flavoring Syrup And Concentrate market’s segments-
1) By Type: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Application: Beverages, Dairy & Frozen Desserts, Confectionery, Bakery.
4) By Flavors: Fruit, Chocolate, Vanilla, Coffee, Herbs & Seasonings, Others.
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