Europe Syrup Market Research Report Information by Source (Cane Sugar, Beet Sugar, Corn Syrup and Others), by Nature (Organic and Regular), by Application (Hot Drinks ((Coffee (Latte, Espresso, Cappuccino, Others), Tea, Hot Chocolate, Others)), Cold Drinks ((Iced Coffee (Latte, Mocha, and Others), Smoothies, Juices and Others), by Type { Flavored (Fruit Syrup, Herbs & Spices, Coffee, Chocolate and Others), Non-Flavored (Honey Date Syrup, Coconut Palm Syrup, Maple Syrup and Others)}, by Category (Sweet and Savory), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online and Convenience Stores) by Function (Beverage Syrup and Ingredient Syrup), by End User (into Foodservice and residential) Industry Forecast to 2032
The market for syrup in Europe was estimated to be worth USD 19,443.35 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.56% to reach USD 28,792.09 million by 2032. With the biggest market share (21.20%), Germany is followed by France (18.35%) and the UK (14.89%). Furthermore, throughout the prediction period of 2024–2032, Poland is anticipated to post the highest CAGR (5.15%), followed by Spain (5.11%).
The popularity of baking and cooking at home, changing consumer preferences, and rising demand for flavored beverages are all factors driving the European syrup industry's steady rise. Syrups are incredibly adaptable ingredients that work well in a variety of recipes for sweets, baked goods, drinks, and desserts. They are essential to the food industry because they add taste, sweetness, and texture to a wide range of food and drink products.
One of the primary drivers of the European syrup industry's growth is the rising demand for natural and organic syrups. As consumers grow more health conscious, they are searching for items with natural ingredients and uncluttered labels. This has led to a strong demand for syrups made from natural components like fruits, herbs, and spices. Manufacturers are reacting to this trend by launching organic and natural syrup variants free of artificial coloring, flavoring, and preservatives.
Market Segment InsightThe cane sugar, beet sugar, corn syrup, and others segments make up the Europe Syrup market, according to Source.
The market has been divided into two categories: Organic and Regular, based on nature.
The European syrup market has been divided into two segments based on application: hot drinks (coffee (latte, espresso, cappuccino, etc.), tea, and hot chocolate), and cold drinks (iced coffee (latte, mocha, etc.), smoothies, juices, and other drinks).
The market has been divided into two categories: non-flavored (such as honey date syrup, coconut palm syrup, maple syrup, and others) and flavored (such as fruit syrup, herbs & spices, coffee, chocolate, and others).
The market has been divided into Sweet and Savory categories based on category.
The distribution channel has been used to separate the European syrup market into four categories: supermarkets/hypermarkets, specialty stores, online retailers, and convenience stores.
The market has been divided into two segments based on function: ingredient syrup and beverage syrup.
The foodservice and residential segments of the European syrup market have been established based on the end-user.
Principal PlayersMonin Incorporated, Fabbri 1905, Nestlé S.A., ADM, Kraft Heinz, Hershey Company, 1883 MAISON ROUTIN, Ragus, Giffard, and Sweetbird are the leading market participants.