Non-Alcoholic Concentrated Syrup Market Size, Share & Trends Analysis Report By Product (Fruit Syrups, Vegetable Syrups, Herbs & Spices Syrup), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Non-Alcoholic Concentrated Syrup Market Size, Share & Trends Analysis Report By Product (Fruit Syrups, Vegetable Syrups, Herbs & Spices Syrup), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Non-Alcoholic Concentrated Syrup Market Growth & Trends

The global non-alcoholic concentrated syrup market size is expected to reach USD 40.16 billion by 2030, registering a CAGR of 5.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Moreover, rising consumption of non-carbonated drinks in developed countries including U.S., Mexico, and Canada is expected to boost the product demand further.

Wide product usage in the pharmaceutical industry is also expected to provide new growth opportunities for market participants, thereby impelling them to develop new products. For instance, Torani, in 2019, launched pumpkin spice Puremade Syrup in San Francisco. In addition, key companies are acquiring new segments of the market with their premium products, including concentrated syrups of unique flavors and authentic taste for nutritional benefits.

North America non-alcoholic concentrated syrup market held the largest market revenue share of 34.2% in 2023 due to high production of fruit and vegetable syrups in the U.S. However, Asia Pacific is projected to witness the fastest growth rate over the forecast years. This growth is credited to increased product demand and presence of target population in countries including, India, China, and Bangladesh. Moreover, high demand for convenience foods and beverages will contribute to the growth.

Non-Alcoholic Concentrated Syrup Market Report Highlights

• Fruit syrup was the dominant product segment in 2023 and will retain its dominant position throughout the forecast years
• Hypermarkets & supermarkets segment held the largest market revenue share in 2023. These large retail outlets offer a broad range of products, providing consumers with a one-stop shopping experience that is highly convenient.
• North America led the global non-alcoholic concentrated syrup market in the past and this trend is projected to continue over the next few years due to high product demand

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