The global flavored syrups market is expected to reach USD 65.6 billion by 2025, according to Million Insights, registering a 5.1% CAGR over the forecasted period, from 2019 to 2025. Rapidly increasing demand for customized flavor food products in the food and beverage industry has majorly driven the growth of this market. The flavored syrup is used as a sweetener and taste enhancer in the food and beverage industry which is expected to gain traction among manufactures. The growth of the market is primarily attributed to increasing demand for customized flavor syrups among consumers.
Moreover, consumers are willing to experiment with unique and new fruit flavors. This is a key factor which encouraging the market players to develop fruit syrups such as lime-mint, raspberry-mint, lime ginger that offers a combination of bitter, sour and sweet taste in a single dish. In addition, many companies are coming up with innovative flavored syrups to cater to rapidly changing consumer demands. For example, The Ági fruit syrups introduced honey-infused flavored syrup such as raspberry-lemon balm with honey, elder-lime with honey, and baked apples with honey.
To download the sample PDF Flavored Syrups Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-flavored-syrups-market/request-sample
Among types, the fruit category accounted for the largest market share of more than 35.0%, in 2018. Increasing consumer demand for fruit-based flavored syrups along with the high preference for a new and unique taste, thereby is expected to drive the segment growth over the forecast period. Furthermore, consumers are shifting towards organic and natural ingredients, as they are refraining to taste artificial flavors. This factor is encouraging the market players to develop flavored syrups containing natural ingredients., For instance, Pölöskei Drink Kft company offers combined fruit flavor syrups. It blends basic flavors in fruit syrups to develop unique variety such as acerola-raspberry and blueberry-raspberry. Coffee, hazelnut, and caramel flavors are also gaining popularity in the beverage industry. For example, Starbuck introduced a wide range of natural flavored syrups including coffee, vanilla, hazelnut, and caramel.
The bakery and confectionery category is anticipated to grow with a CAGR of more than 5.0% from 2019 to 2025. Rising consumer preference for rolls, pastries, cookies, and crackers is projected to augment the market growth over the forecast period. Beverage held the largest market share of 35.0%, in 2018. Beverage such as cold beverage, soft drinks, and cocktails are common products that contain flavored syrups as a sweetener and taste enhancer.
Asia Pacific is projected to grow at the highest CAGR of more than 5.0% over the forecast period. Consumers willing to taste unique flavored syrups led the market players to come up with innovative food products that are infused with flavored syrup. Asia Pacific is projected to grow at the highest CAGR of more than 5.0% over the forecast period. Consumers willing to taste unique flavoured syrups led the market players to introduce innovative food products which is infused with flavored syrups.
To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-flavored-syrups-market
Further key findings from the report suggest:
• The global flavored syrups market is projected to grow at a CAGR of 5.1% over the forecast period and reach a value of around USD 65.6 billion by 2025
• Among types, chocolate category is projected to grow at a CAGR of more than 5.5% from 2019 to 2025.
• In 2018, beverage accounted for largest market share of over 35.0%, in application segment.
• Asia Pacific is anticipated to register the fastest CAGR of more than 5.5% during the forecast period owing to the increasing consumption in China and India.
Million Insights has segmented the global flavored syrups market on the basis of type, application, and region:
Flavored Syrups Type Outlook (Revenue, USD Billion, 2015 - 2025)
• Fruit
• Vanilla
• Chocolate
• Others
Flavored Syrups Application Outlook (Revenue, USD Billion, 2015 - 2025)
• Bakery & Confectionery
• Beverages
• Dairy & Frozen Desserts
• Others
Flavored Syrups Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
Browse the Latest Press Releases Available with Million Insights:
•Plastics in Consumer Electronics Market - The global plastics in consumer electronics market size is estimated to arrive at USD 7.70 billion by 2028. It is projected to develop by 3.8% CAGR from 2021 to 2028.
• High Performance Message Infrastructure Market - The global high performance message infrastructure market size is projected to attain USD 2.41 billion by 2028. It is likely to develop by 14.3% CAGR from 2021 to 2028.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-flavored-syrups-market
