Flavored Syrup Market is Valued at US$ 57,230.9 Million in 2024 and is Expected to Reach US$ 81,200.0 Million by 2034 | Future Market Insights, Inc.

Global Surge in Specialty Coffee Culture and Introduction of Novel and Exotic Flavor Profiles Drive Flavored Syrup Sales. Fruit-flavored syrups have been dominating the global market due to their widespread application in beverage products such as cocktails, cold drinks, soft drinks, and soda.

NEWARK, Del, Jan. 15, 2024 (GLOBE NEWSWIRE) -- The global market for flavored syrups market is estimated to be around *US$ 57,230.9 million* in 2024. In 2023, the market was valued at *US$ 54,350.3 million.* It is projected to exhibit a *CAGR of 4.00%* over the forecast period, with an estimated market size of *US$ 81,200.0 million* by 2034.Post-pandemic, there has been an excellent demand for artisanal and customized beverages across the world. This has opened new doors for the companies involved in manufacturing flavored syrups to capitalize on the growing trend for unique and personalized flavor experiences. Flavored syrups are liquid sweeteners that come in a wide array of flavors, including classics like vanilla and chocolate, as well as more exotic options such as fruit, nut, or spice-infused varieties.

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Flavored syrups find their applications in a wide range of industries. The demand for artificial syrups in the food and beverage industry is attributed to their ability to precisely replicate and maintain specific flavor profiles, ensuring a consistent taste in their products. Flavored syrups are also gaining popularity due to their consistent flavor profiles, cost-effectiveness, and versatility in applications.

One of the major contributors to the flavored syrup market is the foodservice sector. Flavored syrups are highly sought-after in restaurants, bars, cafes, etc., to make signature cocktails and non-alcoholic beverages. In the bakery industry as well, flavored syrups are used in the production of cakes, pastries, pancakes, smoothies, croissants, etc.

*“As the world is pushing toward a healthier lifestyle, there is an excellent demand for nutritional beverages and shakes. Natural flavored syrups form an essential component of these food items. Key players in the industry must market their products accordingly to bring a substantial amount of health-conscious consumers to the market,” *- Nandini Roy Choudhury, Client Partner at Future Market Insights*Key Takeaways from the Market Study:*

· Synthetic syrups account for a market share of 34.00% in 2024.
· Coffee-flavored syrups are expected to hold 13.00% of the market in 2024.
· The flavored syrup market in Germany is predicted to grow at a CAGR of 6.50% through 2034.
· The flavored syrup market in China is predicted to rise at a 5.50% CAGR through 2034.
· The flavored syrup market in the United States has the potential to increase at a 4.50% CAGR through 2034.
· The Australian flavored syrup market is predicted to rise by 3.40% CAGR through 2034.
· The flavored syrup market in Japan is predicted to grow at a CAGR of 4.00% through 2034.*Key Companies in the Market*

· The Hershey Company
· Monin
· Torani
· DaVinci Gourmet
· Fuerst Day Lawson (FDL)
· Kerry Group
· Sensient Technologies Corporation
· Concord Foods
· Mocafe
· Amoretti
· Ghirardelli Chocolate Company
· Tate & Lyle PLC
· Jordan's Skinny Mixes
· Sweetbird
· 1883 Maison Routin
· Nestlé S.A.
· Walden Farms
· Jordan's Skinny Syrups
· Sunny Sky Products
· R. Torre & Company (Monin)

*Competitive Landscape:*

· The global flavored syrup market is highly concentrated, with major players like Monin Inc., Sensient Technologies, The Hershey Company, Tate & Lyle, and Kerry Group dominating the market share.
· Key companies are actively producing sugar-free syrups in response to growing health-conscious consumer preferences, aiming to reduce overall sugar intake in their products.
· International players are capitalizing on the demand for natural food additives by manufacturing organically flavored syrups due to consumers' increasing preference for natural and organic ingredients in their food and beverages.*Recent Developments:*

· In March 2023, Torani, a century-old flavor industry leader, introduced Torani Kettle Corn Syrup, combining sweet and salty notes for a familiar yet pleasantly unexpected addition to its extensive syrup line.
· Jordan's Skinny Mixes debuted a zero-calorie, naturally sweetened Pumpkin Spice syrup in August 2023, crafted with natural ingredients for an elevated beverage experience.
· IHOP and Kraft Heinz partnered to release a pancake-inspired coffee line with Signature Blend, Chocolate Chip, and Buttery Syrup flavors, expanding the iconic restaurant chain's consumer packaged goods.*Purchase the Report for Key Insights : *https://www.futuremarketinsights.com/checkout/11302

*Market Segmentation:*

*By Flavor:*

· Fruit
· Chocolate
· Vanilla
· Coffee
· Herbs & Seasonings*By Application:*

· Beverages
· Diary & Frozen Desserts
· Confectionery
· Bakery

*By Flavor Type:*

· Sweet
· Salty
· Sour
· Savory
· Mint*By Product type:*

· Natural
· Synthetic

*By Region:*

· North America
· Latin America
· Europe
· Asia Pacific
· MEA*Authored by:*

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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