The Syrup, Seasoning, Oils, & General Food Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Syrup, Seasoning, Oils, & General Food Global Market Report 2024, The syrup, seasoning, oils, & general food market size has grown strongly in recent years. It will grow from $380.89 billion in 2023 to $408.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to culinary traditions, cooking convenience, agricultural production, global food trade, health and dietary preferences.
The syrup, seasoning, oils, & general food market size is expected to see strong growth in the next few years. It will grow to $526.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to health and wellness trends, sustainability and eco-friendly packaging, diverse flavor profiles, digital marketing and e-commerce, clean label and natural ingredients. Major trends in the forecast period include plant-based and vegan products, artisan and craft flavors, gourmet and premium oils, spice blends and international flavors, customized and personalized products.
The increasing demand for processed food products is expected to propel the syrup, seasoning, oils, and general food market going forward. Processed food products, such as sauces, seasonings, and pre-packaged meals, offer convenience and time savings for consumers. In today’s busy lifestyles, people often seek quick and easy meal solutions. Syrups, seasonings, and oils are essential ingredients in many processed and convenience foods, making them a vital part of the market. For instance, in October 2021, according to a survey conducted on US respondents by the International Food Information Council, a US-based nonprofit organization, 77% of US respondents stated that they sometimes or often purchase processed foods and beverages. In comparison, data from 2020 revealed that 25% of respondents bought processed foods very often, and nearly 47% claimed they made such purchases sometimes. Therefore, increasing demand for processed food products is driving the syrup, seasoning, oils, and general food market.
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The syrup, seasoning, oils, & general food market covered in this report is segmented –
1) By Type: Flavoring Syrup And Concentrate; Seasoning And Dressing; Fats And Oils
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
3) By Application: Food; Processing; Other Applications
Subsegments Covered: Syrups; Molasses; Sweet Spreads; Jam, Jellies, Preservatives; Savory Spreads; Seasoning; Dressing; Fats; Oils
The syrup, seasoning, oils, & general food market report table of contents includes:
- Executive Summary
- Syrup, Seasoning, Oils, & General Food Market Characteristics
- Syrup, Seasoning, Oils, & General Food Product/Service Analysis -Product/Service Examples
- Syrup, Seasoning, Oils, & General Food Market Trends And Strategies
- Syrup, Seasoning, Oils, & General Food Market – Macro Economic Scenario
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- Global Syrup, Seasoning, Oils, & General Food Market Competitive Benchmarking
- Global Syrup, Seasoning, Oils, & General Food Market Competitive Dashboard
- Key Mergers And Acquisitions In The Syrup, Seasoning, Oils, & General Food Market
- Syrup, Seasoning, Oils, & General Food Market Future Outlook and Potential Analysis
- Appendix
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