The Global Flavoring Syrup And Concentrate Market Report by The Business Research Company covers flavoring syrup and concentrate market drivers and restraints, flavoring syrup and concentrate market size, major players, and the impact of COVID-19 on the flavoring syrup and concentrate market.
The flavoring syrup and concentrate market consists of sales of flavoring syrup and concentrate by entities (organizations, sole traders and partnerships) that produce flavoring syrup drink concentrates and related products for soda fountain use or for the produce of soft drinks. The companies in the flavoring syrup and concentrate industry process raw materials into flavoring syrup and concentrate, package and distribute them through various distribution channels to both individual customers, soft drink producers and commercial establishments. The flavoring syrup and concentrate market is segmented into syrups, molasses, sweet spreads, jam, jellies, preservatives and savory spreads.
The flavoring syrup and concentrate manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The global flavoring syrup and concentrate market is expected to grow from $47.82 billion in 2020 to $50.15 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $63.92 billion in 2025 at a CAGR of 6%.
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Some flavoring syrup and concentrate market trends include manufacturers increasingly offering products made with natural and organic ingredients. Innovative flavored products with enhanced nutritional value and low sugar content are attracting consumers with health consciousness.
Global flavoring syrup and concentrate market segments include:
1) By Type: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Application: Beverages, Dairy & Frozen Desserts, Confectionery, Bakery.
4) By Flavors: Fruit, Chocolate, Vanilla, Coffee, Herbs & Seasonings, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global flavoring syrup and concentrate market, accounting for 35% of the market.
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The Flavoring Syrup And Concentrate Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides flavoring syrup and concentrate market overviews, analyzes and forecasts market size, share, flavoring syrup and concentrate market players, flavoring syrup and concentrate market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The flavoring syrup and concentrate market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Flavoring Syrup And Concentrate Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Monin, Sensient Technologies, The Hershey Company, Tate & Lyle, Kerry Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Flavoring Syrup And Concentrate Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Flavoring Syrup And Concentrate Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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