The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The forecasted stable economic growth in many developed and developing countries will drive innovation in flavouring syrup and concentrate manufacturing, driving the market during the forecast period.

The global flavoring syrup and concentrate market is expected to grow from $55.35 billion in 2022 to $59.49 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The flavoring syrup and concentrate market is expected to grow to $76.39 billion in 2027 at a CAGR of 6.5%.

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Global Flavoring Syrup And Concentrate Market Segments Include:

• By Type: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By Application: Beverages, Dairy & Frozen Desserts, Confectionery, Bakery
• By Flavors: Fruit, Chocolate, Vanilla, Coffee, Herbs & Seasonings, Other Flavours
• 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 in 2021.

Major Market Players in the flavoring syrup and concentrate market include The Coca-Cola Company, Ingredion Incorporated, Archer-Daniels-Midland Company (ADM), Kerry Group plc, Keurig Dr Pepper Inc.

Syrup and concentrate manufacturers are increasingly offering products made with natural and organic ingredients. Innovative flavoured products with enhanced nutritional value and low sugar content are attracting consumers with health consciousness. For instance, in March 2022, PepsiCo’s, a US-based food, snack, and beverage corporation, launched Maple Syrup cola. This luscious maple syrup flavour profile is combined with the crisp, refreshing caramel overtones of a Pepsi.

Natural and organic ingredients are increasingly being used by syrup and concentrate manufacturers. Innovative flavoured products with increased nutritional value and low sugar content are attracting health-conscious consumers. PepsiCo, a US-based food, snack, and beverage corporation, for example, launched Maple Syrup cola in March 2022. This luscious maple syrup flavour profile is combined with a Pepsi’s crisp, refreshing caramel undertones.

The Flavoring Syrup And Concentrate Global Market Report 2023  provides a flavoring syrup and concentrate market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flavoring syrup and concentrate market forecast analyzes flavoring syrup and concentrate market size, flavoring syrup and concentrate market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Flavoring syrups and concentrates are liquids made by combining sugar and water or by reducing naturally sweet juices.

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