The Global Flavoured Syrups Market is predicted to reach $48.75 USD billion with a CAGR of 3.70% according to Market Data Forecast report

The Global Flavoured Syrups Market is predicted to reach $48.75 USD billion with a CAGR of 3.70% according to Market Data Forecast report

ID: 892 | November 2016 | Region: Global

The Global Flavoured Syrups Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Global Flavoured Syrups Market is estimated to be $40.65 USD billion and predicted to rise to $48.75 USD billion with a CAGR of 3.70%. The market is segmented by Flavour (Chocolate, Coffee, Herbs & Seasonings, Vanilla, Fruit, Maple, Malt, Palm, and Others), by Flavour Type (Salty, Sour, Mint, Savoury, Sweet), and by Application (Dairy & Frozen Desserts, Bakery, Confectionery, Beverage, and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The growth of the Global Flavoured Syrups market is majorly driven by factors such as growing consumer demand for a range of flavours in food products, custom-made flavour choices, and increasing user predilection towards convenience & ready-to-eat foods. The key restraint of the syrup market is the high sugar level in synthetic sweeteners which leads to health problems. The diabetic epidemic is a key heath issue throughout the world and it has been escalating, especially in middle income families, who are the chief consumers of syrups. Furthermore, excess sugar intake is linked to metabolic dysfunction, liver damage, and obesity, which are driving the health conscious users away from sugary syrups.

Fruit syrups lead the global market share owing to their extensive usage in beverages such as soft drinks, trailed by maple syrup. Chocolate syrup has the maximum CAGR due to rising user interest in chocolate as a topping. Under the applications segment, Dairy & frozen desserts has the maximum CAGR because of its use in milkshakes, frappes, flavoured milk, whipped creams, and others.

The North America region was the largest market for Flavoured Syrups followed by Europe, due to the high rate of production and intake of syrups in the region. The developing markets of Asia-Pacific most importantly India and China, account for the high growth rate due to growing disposable incomes, and the popularity of western food trends among the middle class.

The major companies dominating the global Flavoured Syrups market are Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, Cedarvale Maple Syrup, and Sensient Technologies Corporation.

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