The growing demand for processed foods is driving the demand for flavored syrups. The demand is expected to be high owing to growing application in bakery and confectionery products. The growing demand for healthy products is expected to augment demand for these products.
The global Flavored Syrups market was valued at USD 42.20 billion in 2016 and is projected to reach USD 59.03 billion by 2025, growing at a CAGR of 3.80% from 2017 to 2025.
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1. Market Drivers
1.1 Growing consumer demand for flavor variety
1.2 Increasing consumer preference towards convenience foods & ready-to-eat products
2. Market Restraints
2.1 Health- issues associated with the consumption of sugar-based syrups
2.2 Adverse health effects of synthetic additives used in flavored syrups
The global Flavored Syrups market is segmented on the flavor type, application, flavor, and region.
1. By Flavor Type:
2. By Flavor:
2.1 Herbs and Seasonings
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3. By Application:
3.4 Dairy and Frozen Products
4. By Region:
4.1 North America U.S., Canada, Mexico
4.2 Europe Germany, UK, France, Rest of Europe
4.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
4.4 Latin America Brazil, Argentina, Rest of Latin America
4.5 Middle East & Africa
The major players in the market are as follows:
2. Kerry Group PLC
3. Monin Inc.
4. Sensoryeffects Flavor Systems
5. Mitr Phol Group
6. Sensient Technologies Corporation
7. Concord Foods
8. The Hershey Company
9. Fuerst Day Lawson Ltd.
10. Tate and Lyle PLC
11. R. Torre and Company
12. Toschi Vignola
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Flavored Syrups market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports