The Business Research Company’s latest report Syrup, Seasoning, Oils, & General Food Global Market Report 2020 covers Syrup, Seasoning, Oils, & General Food market drivers, Syrup, Seasoning, Oils, & General Food market trends, Syrup, Seasoning, Oils, & General Food market segments, Syrup, Seasoning, Oils, & General Food market growth rate, Syrup, Seasoning, Oils, & General Food market major players, and Syrup, Seasoning, Oils, & General Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Syrup, Seasoning, Oils, & General Food industry, along with revised market numbers due to the effects of the coronavirus.
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Syrup, Seasoning, Oils, & General Food 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 syrup, seasoning, oils, & general food market is expected to grow from $336.4 billion in 2019 to $351.2 billion in 2020 at a compound annual growth rate (CAGR) of 4.4%. 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 9% from 2021 and reach $448.3 billion in 2023.
The global syrup, seasoning, oils, and general food market is segmented by type into flavoring syrup and concentrate manufacturing, seasoning and dressing manufacturing, fats and oils manufacturing, by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others. Subsegments covered are syrups, molasses, sweet spreads, jam, jellies, preservatives, savory spreads, seasoning, dressing, fats, oils.
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