The global flavored syrups market is anticipated to grow at a CAGR of 4.8% during the forecast period. Flavored syrups market is expected to grow during forecast period, due to increase in demand for many different flavors in food products to enhace the taste. Dairy products are consumed at high level which leads to increase in demand of flavoured syrups. Consumption of dairy products includes milkshakes, whipped cream, yogurts, and smoothies, which has been added with flavoured syrups. Several dairy companies are providing various artificial flavor based dairy products. For instance, in July 2021, PParle Agro entered into dairy segment with the launch of flavored milk under the brand name of Smoodh. The diversification is backed by an in-depth research and extensive investment in modern and innovative technologies to build a robust dairy infrastructure and introduce novel products.
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Due to COVID-19 pandemic the demand for flavored syrups have been slightly decreased. Post-pandemic period, the people are getting more awared and conscious about their health and starts avoiding flavored syrups based products. As the flavored syrups contains high sugar which can cause various diseases such as diabetes, obesity, and blood pressure among others. As a result of which, the existing market players introduced organic syrups in the market. For instance, in November 2020, Ingredion EMEA launched Stablesweet LD low sugar glucose syrup made from corn. Additionally, RxSugar Organic Chocolate Syrup won award for Best New Product in 2021. RxSugar Organic Chocolate Syrup is a plant-based syrup with zero calories, zero carbs and zero blood sugar impact.
The global flavored syrups market is segmented based on the flavor, flavor type, and application. Based on the flavor, the market is segmented into fruit, chocolate, vanilla, coffee, maple, and other flavors which includes herbs & seasoning. Based on the flavor type, the market is sub-segmented into sweet, salty, savory, and sour. Based on application, the market is sub-segmented into beverages, dairy & frozen desserts, and bakery products. The above mentioned segments can be customized as per the requirements.
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Global Flavored Syrups Market Segmentation
By Flavor
- Fruit
- Chocolate
- Vanilla
- Coffee
- Maple
- Others (Herbs & Seasoning)
By Flavor Type
- Sweet
- Salty
- Savory
- Sour
By Application
- Beverages
- Dairy & Frozen Desserts
- Bakery Products
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Amoretti
- Birch Benders
- B&G Foods, Inc.
- Kerry Group plc
- Lakanto
- Mapro Foods Pvt. Ltd.
- Monin India Private Ltd.
- NuNaturals Ltd.
- PIONEER VALLEY
- RxSugar
- Skinny Mixes, LLC
- So Nourished, Inc.
- The Hershey Company
- Torani
- Tulleeho Portals Pvt. Ltd.
- VKP Brands
- Walden Farms
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