The global syrup market exhibited moderate growth during 2014-2019. Syrup refers to a viscous liquid that mainly comprises of highly concentrated sugar solution added with flavoring agents. It is mostly available in the form of chocolate syrup, maple syrup, fruit syrup, malt syrup, corn syrup, tapioca syrup, flavored syrup, etc. Syrups are primarily adopted as taste enhancers, flavoring agents, food additives, sweeteners, and beverage concentrates. As a result, they are widely utilized in bakery products, frozen desserts, confectioneries, beverages, pharmaceuticals, etc.
The rising urban consumer lifestyles coupled with the growing demand for ready-to-eat food products are primarily driving the use of several condiments, including syrups. Furthermore, the increasing consumption of flavored syrups as toppings and sweeteners with frozen yogurts, desserts, breakfast cereals, beverages, etc., is further catalyzing the market growth. The rising levels of globalization have led to the increasing adoption of cross cultural food trends, thereby augmenting the product demand across the globe. Furthermore, the increasing popularity of flavored beverages has led to the introduction of newer syrup variants in the food and beverage sector. Moreover, the rising consumer health concerns towards the high glycemic index (GI) of conventional syrups have led to the launch of organic product variants in the market. These organic syrups contain low-calorie formulations with natural flavoring and sweetening agents, thereby experiencing high demand among the health-conscious consumers. North America currently dominates the global syrup market followed by Europe and the Asia Pacific region. Looking forward, IMARC Group expects the global syrup market to exhibit a CAGR of around 4% during 2020-2025 with Asia Pacific representing the fastest growing region.
IMARC Group provides an analysis of the key trends in each sub-segment of the global syrup market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, flavor, application and distribution channel.
Breakup by Flavor:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Amoretti, Cedarvale Maple Syrup Company, Conagra Brands Inc., Concord Food LLC, Kraft foods (Kraft Heinz Company), Nature’s Way Products LLC, NutriFood Indonesia, Quaker Oats Company (PepsiCo), Sonoma Syrup Co. and The Hershey Company (Hershey Trust Company
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