According to IMARC Group’s report, titled “Syrup Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global syrup market is growing at a CAGR of 4% during 2020-2025. A syrup is a thick liquid consisting of a highly concentrated sugar solution added with several flavoring agents. It is generally available in the form of maple syrup, chocolate syrup, fruit syrup, tapioca syrup, malt syrup, etc. Syrups are primarily utilized as sweeteners, flavoring agents, taste enhancers, food additives, and beverage concentrates. As a result, they are extensively used in confectionaries, bakery products, frozen desserts, beverages, pharmaceuticals, etc.
Rapid urbanization with hectic consumer work schedules has induced the demand for ready-to-eat and processed food products, thereby driving the growth of the global syrup market. Moreover, the rising consumption of flavored syrups as sweeteners and toppings with desserts, beverages, frozen yogurts, breakfast cereals, etc., further fosters the market growth. The elevating levels of globalization have resulted in the adoption of cross-cultural food trends, which also acts as a growth-inducing factor for the syrup market. Additionally, the growing popularity of flavored drinks has led to the introduction of newer syrup ranges in the beverage sector. Furthermore, the launch of several low-calorie organic product variants with natural sweetening agents and flavorings is also anticipated to impel the market growth in the coming years.
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Syrup Market 2020-2025 Competitive Analysis and Segmentation:
The competitive landscape of the syrup market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Nature’s Way Products LLC
- NutriFood Indonesia
- Quaker Oats Company (PepsiCo)
- Sonoma Syrup Co.
- Cedarvale Maple Syrup Company
- Conagra Brands Inc.
- Concord Food LLC
- Kraft foods (Kraft Heinz Company)
- The Hershey Company (Hershey Trust Company)
The report has segmented the global syrup market on the basis of flavor, application, distribution channel and region.
Breakup by Flavor:
Breakup by Application:
- Dairy and Frozen Desserts
- Bakery Products
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Sales
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2014-2019)
- Market Outlook (2020- 2025)
- Market Drivers and Success Factors
- Market Trends
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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