The global flavored syrups market size is predicted to be worth USD 45.72 billion in 2024 and USD 55.63 billion by 2029, rising at a CAGR of 4% between 2024 and 2029. The global syrup market is experiencing significant demand from the food and beverage industry.
Flavored syrup is a spicy or semi-liquid liquid produced through organic or synthetic sources that are used to improve the flavor of a drink or food. The use of flavored syrup depends on local trends and eating habits. The beverage industry is a crucial part of the consumption of flavored syrups and tends to focus more on concentrated syrup. The preparation of drinks, fresh fruit juices, cakes and confectionery are the primary sources of flavor syrup markets worldwide. Flavors such as vanilla, coffee, and chocolate are widely consumed worldwide.
The demand for flavored syrups has been gradually growing in all parts of the world over the last few years, and the market is anticipated to perform well during the forecast period. Consumers tend to adopt organic flavored syrup, among which young people and children are most attracted to the adoption of this syrup. Sweet-flavored syrup is sugar-free syrup, the highest on the list of spice types, and the trend has been increasing in recent years. Also, syrup with a salty taste is consumed mainly in food compared to beverages. The global flavor syrup market is supposed to expand to a single-digit CAGR during the outlook period. Flavored Syrup makers have gone on to produce a variety of syrups as food has increased consumer preference for a variety of custom flavors. In particular, the increasing demand for flavored syrup among consumers contributes to the growth of the global flavored syrup market.
As the demand for flavored syrups in the food and beverage industry increases, the market for flavored syrups is likely to strengthen. The main activities of flavoring syrups in the food and beverage industry include soft drink concentrates, multi-flavored beverage syrups, frozen dessert topping additives for yogurt, and flavoring powders for use in food and soft drinks. The growth of the market is also driven by the growing demand for personalized flavors in the food and beverage industry. The application of flavor syrup as a flavor enhancer and sweetener has attracted growing interest among manufacturers in the industry. The beverage category contributes to the increased market demand, including a variety of liquid syrups in different flavors. The fruit-flavored syrup is widely applied to beverage products like cocktails, soda, and soft drinks, and soft drinks and dominates the world market. The pharmaceutical industry contributes to the growing market demand due to the abundance of characteristics and the need for flavor syrup in pharmaceuticals to stimulate the appetite.
With consumers' increasing preference for high-fruit syrups, manufacturers have marketed a wide variety of syrups with natural ingredients. For example, the two most desirable fruit flavors include raspberry and orange. Additionally, if consumers want to try a variety of unique fruit flavors, manufacturers are encouraged to develop duo fruit syrups such as lime ginger, lime mint, and raspberry mint. The flavored syrup acts as an artificial sweetener along with taste enhancers. In addition to the sweet, flavored syrup, the flavored syrup is expanding for purposes other than beverages. The salty syrup is used to dress salads, meat recipes, confectionery, and bakery preparations. However, the demand for chocolate-flavored syrup plays a vital role in the growth of the world flavored syrup market due to consumers' preference for chocolate flavor in food.
The high sugar content used as an artificial sweetener in flavored syrups is a significant cause of health risks, such as high blood sugar, diabetes, and gastrointestinal disorders. The domestically produced corn syrup has proven to be a major constraint on the growth of the flavored syrup market. However, there is a growing concern about obesity due to the high consumption of sugar. In this sense, consuming fructose corn syrup (HFCS) and sucrose-containing sweet sugary drinks (SSB) is making an unhealthy diet. This may challenge the situation of the worldwide flavored syrup market.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2029 |
Base Year |
2023 |
Forecast Period |
2024 to 2029 |
CAGR |
4% |
Segments Covered |
By Flavor, Flavor Type, Application, & Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC; PESTLE Analysis. Porter’s Five Forces Analysis, Competitive Landscape; Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, Cedarvale Maple Syrup, and VSBO |
North America had the largest share of 33.9% in 2023. The growth of the flavored syrup market is primarily due to consumer preference for flavored syrups in daily meals such as cereals, snacks, desserts, and drinks. Increase in this area due to the sufficient availability of high-quality ingredients such as chocolate, toppings, shells, and spices. This encourages the use of scented syrups throughout the food and beverage industry. The Asia Pacific region is foreseen to grow at the highest CAGR during the forecast period. Bakery products are products that are consumed in bulk at an affordable price. Additionally, consumers are eager to consume sweet foods, leading manufacturers to introduce innovative products infused with flavored syrup. Many foreign companies entered the Asian market and quickly entered this industry.
Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, Cedarvale Maple Syrup and VSBO are some of the notable companies in the global flavored syrups market.
By Flavor
By Flavor Type
By Application
By Region
Frequently Asked Questions
Flavored syrups are extensively used in the food and beverage industry. They are popularly used in coffee-based drinks (e.g., lattes, frappes), cocktails and mocktails, milkshakes, smoothies, ice creams, pancakes, and waffles, and as toppings for desserts like cakes and pastries.
Several factors contribute to the growth of the flavored syrups market, including increasing consumer demand for unique and innovative flavors, the rise of specialty coffee and cocktail culture, growth in the foodservice industry, and the versatility of flavored syrups in creating customizable food and beverage options.
Current trends in the flavored syrups market include the demand for natural and clean label ingredients, the introduction of exotic and premium flavors, the growth of online retail channels, and the expansion of product offerings to cater to dietary preferences such as vegan and gluten-free.
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