What is the present valuation and projected CAGR of the syrups market?
The syrups market size has grown strongly in recent years. It will grow from $38.63 billion in 2024 to $40.72 billion in 2025 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to traditional beverage consumption, limited flavor varieties, seasonal demand, ingredient sourcing, culinary uses.
The syrups market size is expected to see strong growth in the next few years. It will grow to $54.59 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to diverse flavor innovation, mixology and culinary creativity, convenience and ready-to-use products, sustainability and natural ingredients, globalization of flavors. Major trends in the forecast period include natural and artisanal syrups, functional and health-boosting syrups, flavor diversity and exotic varieties, low-sugar and sugar-free alternatives, premium packaging and presentation.
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Which Market drivers have played a significant role in driving the syrups market?
Growing demand for ready-to-eat food products is expected to propel the syrup market going forward. Ready-to-eat (RTE) food refers to a class of food items that have been cleaned, cooked, and most often packaged before being made available for consumption. Syrups are used in ready-to-eat food products to improve taste and shelf life, hence the growing demand for ready-to-eat food will increase the demand for syrups. For instance, in January 2023, according to report published by Aviko, a Netherlands-based food company, the UK fast food sector expanded from 20.61 billion in 2022 to 22.04 billion in 2023, with consumer visits to fast food outlets rising to 45% in June 2023. Therefore, growing demand for ready-to-eat food products is expected to propel the syrup market going forward.
What are the key segments within the syrups market?
The syrups market covered in this report is segmented –
1) By Type: Chocolate Syrup, Maple Syrup, High-Fructose Corn Syrup, Rice Syrup, Malt Syrup, Tapioca Syrup, Fruit Syrup, Other Types
2) By Packaging Type: Pouches, Pet Bottles, Glass Bottles
3) By Application: Drink And Beverages, Dairy Products, Bakery And Confectionary, Other Applications
4) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, Online Stores, Other Distribution Channels
Subsegments:
1) By Chocolate Syrup: Sweetened Chocolate Syrup, Unsweetened Chocolate Syrup, Flavored Chocolate Syrup
2) By Maple Syrup: Pure Maple Syrup, Imitation Maple Syrup, Organic Maple Syrup
3) By High-Fructose Corn Syrup: HfCs 42, HfCs 55
4) By Rice Syrup: Organic Rice Syrup, Brown Rice Syrup
5) By Malt Syrup: Barley Malt Syrup, Wheat Malt Syrup
6) By Tapioca Syrup: Organic Tapioca Syrup, Non-Organic Tapioca Syrup
7) By Fruit Syrup: Berry Syrup, Citrus Syrup, Stone Fruit Syrup
8) By Other Types: Agave Syrup, Honey, Coconut Syrup
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Which key players are shaping the syrups market?
Major companies operating in the syrups market include Tate & Lyle PLC, The Hershey Company, The J.M. Smucker Company, Monin Inc., Torani Inc., Kerry Group PLC, DaVinci Gourmet LLC, American Beverage Corporation, Archer Daniels Midland Company, Stevia Corp., Nestlé S.A., FrieslandCampina Ingredients North America Inc., Archer Farms, Nature’s Flavors, Molasses Export Company, Bascom Family Farms Inc., Coca-Cola Company, Hain Celestial Group Inc., PepsiCo Inc., Cedarvale Maple Syrup, Cumberland Packing Corp., Wholesome Sweeteners Inc., Crown Maple Syrup, Flavorchem Corporation, Nutra Food Ingredients LLC, GLG Life Tech Corporation, Maple Leaf Foods Inc., Ingredion Incorporated, Sensient Technologies Corporation, Golden Barrel
Which transformative trends will shape the syrups market landscape?
Product innovations are a key trend gaining popularity in the syrups market. Major companies operating in the syrups market are focused on developing innovative solutions to strengthen their market position. For instance, in August 2022, Singing Dog Vanilla, a US-based manufacturer of organic syrups, launched Organic Vanilla Syrup, a uniquely designed with signature double-strength vanilla extract that will add pure and complex flavor to tea, lattes, and other beverage products. It has a little vanilla taste that the syrup contributed without being overly sweetened with corn syrup. This organic syrup is excellent for coffee and is a flexible organic vanilla syrup prepared with 25% more vanilla than other syrups.
How do regional factors impact the syrups market, and which region is the largest contributor?
The countries covered in the syrups market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Syrups Market Report 2025 Offer?
The syrups market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Syrups refer to a thick sticky solution of sugar and water often flavored or medicated that dissolves in a liquid more quickly and easily than sugar. It is used to sweeten hot or cold beverages.
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