Syrup & Flavouring Production in Canada - Industry Market Research Report

Syrup & Flavouring Production in Canada

Syrup and flavouring producers in Canada manufacture beverage bases, such as concentrates and fountain syrups, and other flavouring syrups. Most industry products are used in the downstream manufacturing of finished beverages. Consequently, the Soda Production industry in Canada (IBISWorld report 31211aCA) is a major buyer of industry products. Demand from downstream manufacturers has declined in recent years, as many food and beverage producers have consolidated and begun producing syrups and flavourings in-house. Consequently, industry revenue has declined at a CAGR of 2.1% over the past five years and is expected to total $492.5 million in 2023, when revenue will jump by an estimated 0.3%.

The Syrup and Flavouring Production industry in Canada primarily manufactures drink concentrates, flavouring syrup and related products for beverage manufacturers, soft drink production or soda fountain use. Establishments primarily producing maple syrup, chocolate syrup, flavouring extracts, powdered drink mixes or soft drinks are excluded from the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."