Global Flavored Syrups Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flavored Syrups Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Flavored syrups typically consist of a simple syrup, that is sugar (fully mixed with water while heated), with naturally occurring or artificial (synthesized) flavorings also dissolved in them. A sugar substitute may also be used.

Flavored syrups may be used or mixed with carbonated water, coffee, pancakes, waffles, tea, cake, ice cream, and other foods. There are hundreds of flavors ranging from cherry and peach to vanilla to malt, hazelnut, coconut, almond, gingerbread, chocolate, peppermint, root beer, and even toasted marshmallow.

In addition to food and drink, flavored syrups are commonly used in pharmaceutical compounding.

Market Overview:

The latest research study on the global Flavored Syrups market finds that the global Flavored Syrups market reached a value of USD 4838.61 million in 2022. It’s expected that the market will achieve USD 5824.82 million by 2028, exhibiting a CAGR of 3.14% during the forecast period.

Limitations

Flavored syrup is widely used in food, beverage, pharmaceutical, etc., and the increase in downstream demand has promoted the production of organic flavored syrup. The rapid development of the economy has increased people's disposable income. At the same time, fast-paced life has increased the development of the fast food industry. People's daily intake of sugar has increased, which has affected the health of some people.
In addition, because of the control of sugar intake, the product innovation in the flavored syrup market has been promoted, and the demand for low-sugar foods may promote the emergence of alternatives.
Finally, strict control of food safety in food safety may also limit the growth of the industry.

Opportunities

Everyone is an independent individual. Different consumers like different personal tastes in food, which has prompted syrup manufacturers to produce syrups of all tastes.
The main activities of flavored syrup in the food and beverage industry include the production of soft drink concentrates, beverage syrups of different flavors, frozen dessert filling additives for yogurt, and flavoring powders for food and soft drinks. Flavored syrup is used as an artificial sweetener together with a taste enhancer. In addition to sweet syrup, the savoury syrup also extends its use beyond beverages. Salty flavored syrup is used in the preparation of salad dressings, meat recipes, sweets and baked goods.

Region Overview:

Geographically, North America held the largest market share – 36.37% in 2021.

Company Overview:

Kerry Group is one of the major players operating in the Flavored Syrups market, holding a share of 30.82% in 2020.

Kerry Group

Kerry Group provide the largest, most innovative portfolio of Taste & Nutrition technologies and systems and Functional Ingredients & Actives for the global food, beverage and pharmaceutical industries. Their consumer foods division, Kerry Foods, is also a leading consumer foods processor and supplier in selected EU markets. Since the commissioning of their first dairy and ingredients plant in Listowel, Ireland in 1972, they have grown to become the industry’s leading provider of technology-based ingredients and solutions for all sectors of the food, beverage and pharmaceutical markets.

Sensient Technologies

Sensient Technologies Corporation develops, manufactures, and supplies colors, flavors, and fragrances. It operates through three segments: Flavors & Fragrances Group, Color Group, and Asia Pacific Group. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, natural extracts, and aroma chemicals; fragrance products; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, personal care, and household-products industries.

Segmentation Overview:

By type, Sour segment accounted for the largest share of market in 2021.

Salty

Salt is present in most foods, but in naturally occurring foodstuffs such as meats, vegetables and fruit, it is present in very small quantities. It is often added to processed foods (such as canned foods and especially salted foods, pickled foods, and snack foods or other convenience foods), where it functions as both a preservative and a flavoring. Dairy salt is used in the preparation of butter and cheese products. Flavored syrup is added with salted, sea salt and other flavored raw materials. The taste is salty.

Sweet

Sweetness is a basic taste most commonly perceived when eating foods rich in sugars. Sweet tastes are regarded as a pleasurable experience, except perhaps in excess.
In addition to sugars like sucrose, many other chemical compounds are sweet, including aldehydes, ketones, and sugar alcohols. Some are sweet at very low concentrations, allowing their use as non-caloric sugar substitutes. Such non-sugar sweeteners include saccharin and aspartame. Other compounds, such as miraculin, may alter perception of sweetness itself.

Sour

Sourness is acidity, and, like salt, it is a taste sensed using ion channels. Undissociated acid diffuses across the plasma membrane of a presynaptic cell, where it dissociates in accordance with Le Chatelier's principle. The protons that are released then block potassium channels, which depolarise the cell and cause calcium influx. In addition, the taste receptor PKD2L1 has been found to be involved in tasting sour.
The most common food group that contains naturally sour foods is fruit, such as lemon, grape, orange, tamarind, and sometimes melon. Wine also usually has a sour tinge to its flavor, and if not kept correctly, milk can spoil and develop a sour taste.

Savory

Savory means any food stuff that requires the addition of salt and pepper. In cooking, Savory does generally refer to a flavor profile that is anything other than sweet.
Glutamic acid binds to a variant of the G protein-coupled receptor, producing a savory taste. The amino acid glutamic acid is responsible for savoriness, but some nucleotides (inosinic acid and guanylic acid) can act as complements, enhancing the taste.

Mint

Mint is the above-ground part of the perennial herb of the Labiatae (Mentha), an aromatic crop with special economic value. Mint tastes spicy and cool.

Application Overview:

By application, the Home Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Flavored Syrups market covered in Chapter 3:

Cedarvale Maple Syrup
Monin
Sensoryeffects Flavor Systems
Sensient Technologies
Kerry Group
R. Torre & Company
Concord Foods
Fuerst Day Lawson
The Hershey Company
Britvic
Sonoma Syrup
Toschi Vignola
Kraft Heinz
Tate & Lyle

In Chapter 4 and Chapter 14.2, on the basis of types, the Flavored Syrups market from 2018 to 2029 is primarily split into:

Salty
Sweet
Sour
Savory
Mint
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flavored Syrups market from 2018 to 2029 covers:

Home Use
Bars
Restaurants
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)