The Europe Flavored Syrups Market was valued at US$ XX billion in 2022 and is predicted to grow at US$ XX billion by 2028 with an increasing CAGR of XX% during 2023 - 2028.
A hot or semi-liquid liquid made from organic or synthetic sources, the flavored syrup is used to enhance or deliver the flavor of a drink or food. The use of flavored syrup is determined by local eating habits and trends. The beverage industry is a significant consumer of flavored syrups, with a preference for concentrated syrup. The key sources of flavor syrup markets globally include beverage preparation, fresh fruit juices, cakes, and confectionery. In addition, vanilla, coffee, and chocolate are popular flavors all throughout the world.
The flavored syrup is made available for spirits, and it is likely to grow in popularity over time. In addition, organic flavored syrup is becoming increasingly popular among consumers, particularly among young people and children. The sweet-flavored syrup is sugar-free syrup, which ranks first among spice varieties and has been growing in popularity in recent years. In addition, as opposed to beverages, the salty syrup is primarily consumed in meals. As a result, the worldwide flavor syrup market is expected to grow at a single-digit CAGR during the forecast period.
The Europe market for flavored syrups is expected to grow as demand for flavored syrups grows in the food and beverage industry. Soft drink concentrates, multi-flavored beverage syrups, frozen dessert topping additives for yoghurt, and flavoring powders for use in food and soft drinks are among the major operations of flavoring syrups in the food and beverage sector. The increase in demand for individualized flavors in the food and beverage industry is primarily responsible for the market's growth. Manufacturers in the industry are becoming increasingly interested in using flavor syrup as a taste enhancer and sweetener. The beverage category, which includes a variety of liquid syrups in various tastes, adds to the rising market demand.
The fruit-flavored syrup is widely used in beverage goods such as cocktails, soda and soft drinks, and it has a large market share across all the regions in Europe. Manufacturers have sold a wide array of syrups with natural components in response to consumers' growing preference for high-fruit syrups. Raspberry and orange, for example, are two of the most popular fruit flavors. Additionally, manufacturers are urged to develop pair fruit syrups such as lime ginger, lime mint, and raspberry mint if consumers want to taste a variety of unusual fruit flavors. Along with taste enhancers, the flavored syrup functions as an artificial sweetener. Aside from sweet flavored syrup, flavored syrup is becoming more often used for uses other than drinking.
Salad dressings, meat recipes, confectionary, and pastry preparations all use the salty syrup. Due to customers' desire for chocolate flavor in food, demand for chocolate-flavored syrup plays a critical role in the growth of the Europe flavored syrup market. Furthermore, one of the driving drivers in the flavor syrup market is the food and beverage industry, and consumer demand for various syrups in prepared foods is projected to propel the worldwide flavored syrup market forward. Due to the abundance of characteristics and the requirement for taste syrup in medications to promote hunger, the pharmaceutical sector contributes to the expanding flavoring soups market need.
The biggest challenge that the Europe flavored syrup market faces is that the artificial sweetener's high sugar content poses a considerable health risk, such as high blood sugar, diabetes, and gastrointestinal diseases. However, obesity is becoming more of a worry as a result of increasing sugar consumption. Consumption of fructose corn syrup (HFCS) and sucrose-containing sweet sugary drinks (SSB) constitutes an unhealthy diet in this view. This might put the Europe market for flavored syrups in loss.
In terms of revenue, the fruit flavor segment has the highest share during 2023 - 2028. This is due to an increase in demand for fruit-flavored beverages, which is expected to generate profitable growth possibilities for beverage flavor formulators in the region. During the projected period 2020-2025, the Chocolate flavor sector is expected to expand at the fastest rate of 4.98 percent. This is due to the increased demand for chocolate-flavored syrups in the food and beverage industry for cold beverages and confectionary items.
Based on flavor type, sweet type tends to dominate the Europe flavored syrups market in the next six years. Sweet syrup is a sweetener, thickener, and moisture-retaining ingredient commonly used in industrial food production. It's used to produce candy, beer, fondant, and several canned and prepackaged baked foods because it doesn't crystallize.
Based on application, the beverages segment had the highest market share. This is due to an increasing trend in foodservice outlets around the world to serve cold and hot beverages include iced tea, coffee, mochas, flavored sodas, and bespoke cocktails and mock tails. During the projected period 2022 - 2027, however, the Bakery and Confectionary segment is expected to increase at the quickest rate. This is primarily because of the rising consumer demand for products including bread, cakes, pies, rolls, pastries, cookies, crackers, and pretzels, which is expected to drive category growth from 2022 - 2027.
The Europe Flavored Syrups Market Report includes the segmentation of countries:
Europe is anticipated to have the significant flavored syrups market share during 2022 - 2027. The Europe market for flavored syrups is expected to grow as demand for flavored syrups grows in the food and beverage industry. Soft drink concentrates, multi-flavored beverage syrups, frozen dessert topping additives for yoghurt, and flavoring powders for use in food and soft drinks are among the major operations of flavoring syrups in the food and beverage sector, which further propels the flavored syrups market growth in Europe.
Food and beverage firms had challenges as a result of COVID-19 because to lower demand and disrupted supply networks. While at-home consumption has risen, out-of-home spending, which has historically yielded the highest profit margins, has nearly disappeared. It's possible that customer behavior and demand will change over time. Consumer tastes shifted substantially during the pandemic, affecting the flavored soups market.
Key Players listed in the Europe Flavored Syrups Market:
The companies covered in the report:
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region