The Cocktail Syrup Global Market Report 2023, provides comprehensive information on the cocktail syrup market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Cocktail Syrup Global Market Report 2023, the global cocktail syrup market size is expected to grow from $4.38 billion in 2022 to $4.70 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cocktail syrup market size is expected to reach $5.98 billion in 2027 at a CAGR of 6.2%.
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Product innovation is a key trend gaining popularity in the cocktail syrup market. Major companies operating in the cocktail syrup market are focused on developing new products to strengthen their position in the market. For instance, in April 2021, Nickel Dime cocktail syrups, a US-based food and beverage company that specializes in providing cocktail syrups, launched four flavored cocktail syrups with natural ingredients such as Caged Heat Cocktail Syrup, Fairy Dust Cocktail Syrup, Cherry Bomb Cocktail Syrup and Crimson Smoke Cocktail Syrup. These syrups are made with natural ingredients such as tamarind, cardamom, ghost pepper, fennel, anise, wormwood, cherry, coffee, and cacao. smoked tea, cranberry, and honey. These syrups are alcohol-free, and gluten-free containing around 100 calories per two-ounce serving.
The cocktail syrup market is segmented:
1) By Product: Fruit, Herbs and Seasonings, Vanilla, Other Product
2) By Flavor: Sweet, Salty, Sour, Mint, Other Flavors
3) By Distribution Channel: B2C (Business-to-consumer), B2B (Business-to-business)
North America was the largest region in the cocktail syrup market in 2022.
The table of contents in TBRC’s cocktail syrup market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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