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Flavored Syrups Market By Type (Fruit, Chocolate, Vanilla), By Application (Confectionery And Bakery, Beverages, Dairy) - Growth, Future Prospects And Competitive Analysis, 2016 - 2024

This report, titled "Flavored Syrups Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024," offers strategic insights into the trends in the Flavored Syrups market along with the market size and forecast for the duration of 2013–2024. The said research study incorporates an in-depth analysis of multiple market segments based on type, application, and geographical distribution.

The global flavored syrups market is becoming more competitive as players develop new products to maximize their capabilities and expand globally. In addition, several players are also focused on developing niche products for the market. The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Asia Pacific, and Europe.

Based on type, the global flavored syrup market is categorized into fruit, chocolate, vanilla, and others. On the basis of application, the global flavored syrup market is segmented into confectionery and bakery, beverages, dairy, and others. The market size and forecast for all the segments considered are presented in this report for the period 2013–2024 (US$ Bn), along with their respective CAGRs for the forecast period 2016–2024 (value%%).

In terms of geographical distribution, the global flavor syrups are studied for five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global flavored syrups market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of flavored syrups.

On the basis of type, the flavored syrup market is categorized into the following types:

  • Fruit
  • Chocolate
  • Vanilla
  • Others

The flavored syrup has showcased its dominance in the pharmaceutical industry as well. The increasing demand for flavored syrup due to the requirement of flavored syrups in the healthcare industry in order to flavor and appetize medicines is expected to impel the growth of the flavored syrups market over the forecast period.

The flavored syrup market is also segmented on the basis of types, such as fruit, vanilla, chocolate, and others. In 2015, the fruit segment contributed the most to the total revenue of the flavored syrups market. The demand for chocolate-flavored syrup is expected to increase in the coming years due to increased industrial usage in bakery products, as well as the production of chocolate-flavored ice creams, drinks, desserts, and beverages. This will propel the chocolate segment's growth until 2024.

On the basis of application, the flavored syrup market is categorized into the following types:

  • Confectionery and bakery
  • Beverages
  • Dairy
  • Others

With a rising middle-class population in developing countries coupled with rising per capita income, the demand for differentiated and healthy food is anticipated to foster the growth of the flavored syrup market in the next few years. The flavored syrups market is also segmented on the basis of application, such as confectionery and bakery, beverages, dairy, and others. In 2015, beverages contributed the most to the total revenue of the flavored syrups market.

The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. Over the next few years, the flavored syrup is expected to showcase its significance in dairy-based products due to its rising application in the production of milkshakes, flavored milk, smoothies, etc. This is expected to impel the beverage segment's growth by application between 2016 and 2024.

On the basis of geography, the global flavored syrup market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • U.K.
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC
  • Rest of the Middle East and Africa
  • Latin America (LATAM)
  • Brazil
  • Mexico
  • rest of Latin America

Urbanization, along with changes in lifestyle and food habits, is increasing global demand for flavored syrups. This is anticipated to impel the growth of the flavored syrup market over the forecast period. The global flavor syrup market is segmented on the basis of geography. With a revenue share of more than 30% in 2015, North America contributed the most to the total flavor syrup market.

The rising popularity of a variety of flavors in the U.S. has strengthened the growth of the region over the past few years. Following it, Europe finished second that year. Asia Pacific is anticipated to expand at a robust CAGR over the forecast period and is likely to expand at a higher CAGR till 2024 due to the rising consumption of chocolates and fruits in the region.

Frequently Asked Questions:

The market for Flavored Syrups Market is expected to reach US$ 61.1 Bn By 2024.

The Flavored Syrups Market is expected to see significant CAGR growth over the coming years, at 4.8%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Kerry Group, Monin Inc., Sensoryeffects Flavor Systems, R. Torre and Company Inc., Fuerst Day Lawson Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   58316
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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