Comprehensive study of flavored syrups market projects the market to grow at a CAGR of 4.0%, Chocolate flavored syrup type is projected to be the fastest-growing segment
The global flavored syrups market has grown exponentially in the last few years. Emerging countries such as China, Thailand, and Singapore are the primary targets of the industry. Increasing consumer demand for a variety of flavors in food products, personalized flavor options and product variety, and increasing consumer preference towards convenience foods & ready-to-eat products are some of the major driving factors for this market.
On the basis of type, the flavored syrups market based on type is segmented into fruits, chocolate, vanilla, coffee, herbs & seasonings, and others (nuts, floral, and confectionery). Fruit flavored syrups accounted for the largest market share in 2015 followed by chocolate flavored syrups which is projected to grow at the highest CAGR during the forecast period due to its industrial application in bakery products, production of chocolate-flavored dairy drinks, frozen desserts, ice creams, chocolate confectionery, and chocolate-flavored beverages. Furthermore, the growing level of consumer demand for chocolate has boosted the consumption of chocolate flavors and their usage in a diverse range of food products as chocolate syrups are widely preferred by the final consumers in milkshakes, cold beverages, hot beverages such as tea and coffee, and as a topping on ice creams, pancakes, waffles, and cakes.
The flavored syrups market, based on application, is segmented into beverages, dairy & frozen desserts, confectionery, and bakery. Beverages accounted for the largest share of the flavored syrups market in 2015. Beverage application in the flavored syrups market is growing as they are largely used in producing cold beverages such as iced tea, flavored sodas, mochas, and to make customized cocktails & mock tails at food service outlets. Furthermore, there is an increasing trend of using flavored syrups in hot beverages such as tea and coffee (lattes) to provide flavor variations to consumers to meet their tastes and preferences.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on flavored syrups offered by the top players in the global market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the flavored syrups market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for flavored syrups across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global flavored syrups market
• Competitive Assessment: In-depth assessment of market share, strategies, products, and manufacturing capabilities of the leading players in the global flavored syrups market.
Estimation of protein quality using various methods
Comprehensive study of flavored syrups market projects the market to grow at a CAGR of 4.0%, Chocolate flavored syrup type is projected to be the fastest-growing segment