Rising sale of flavored syrups is driven majorly by its diverse application and high demand from various sectors of food industries. Flavored syrups are extensively used in production of bakery and confectionery products, which include chocolate, cakes, muffins, and others. Increasing demand for on-the-go convenience food products is projected to fuel up the market demand for flavored syrups as a key additive in the products. They are used to enhance the overall property of the food and to add more value to the final product. The production and consumption of flavored syrups is high in North America and is projected to increase at a positive growth rate in various countries of Asia Pacific and Europe over the given forecast period.
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The global flavored syrups market share is expected to grow at a higher growth rate supported by the rising awareness about flavored syrup’s benefits and its fair shelf-life. Product promotions through sources such as magazines and internet among the population also has a positive impact on this market. Increasing demand for natural and organic food ingredients is also influencing the growth of flavored syrups market, positively. Increasing disposable income is fueling up the market demand for flavored syrups on the global level.
Application of flavoured syrups in dairy and frozen desserts will growing at a higher rate during the forecast period owing to rising consumers demand for frozen desserts
Top exporters of flavoured syrups include the U.S., Germany, the Netherlands, the U.K. and France
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Flavoured syrups has been segmented on the basis of product-type, which comprises natural, synthetic. The synthetically flavored syrups is found to hold a major share owning to low production cost and easy availability.
Flavoured syrups has been segmented on the basis of flavor, which include chocolate, vanilla, maple, herbs & spices, coffee, fruits, and others. Among these segments, chocolate flavored syrup dominates the market followed by vanilla.
Flavoured syrups has been segmented on the basis of application, which comprises of confectionary & bakery products, dairy & frozen desserts, beverages, and others. Application of flavoured syrups in confectionary & bakery products holds a major share based on the high demand for bakery and confectionery products throughout the globe.
Flavoured syrups has been segmented on the basis of flavour-type, which comprises sweet, savoury, sour, others. Sale of sweet flavoured syrups is evaluated to be dominating the market based on high industrial demand for sweetened food products.
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The global flavoured syrups market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America accounts for the major market share followed by Europe. High demand for food additives and flavors from the countries of these regions is influencing the high production volume of flavoured syrups. Owing to economic developments and changing food consumption pattern, flavored syrups market is projected to generate high revenue during the given forecast period.
Furthermore, urbanization and increasing disposable income will support the sale of flavoured syrups across the regions during the same period. The Major importers of flavoured syrups include the U.S., the U.K., Germany, China, and Canada.
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