(Entertainment-NewsWire.com, June 15, 2017 ) According to the report Global Flavoured Syrups Market, published by Market Data Forecast, the global market is projected to reach USD 48.75 billion by 2021, at a CAGR of 3.70% from 2016 to 2021.
Flavoured syrup is a syrup, which contains sugar containing water along with naturally occurring or artificial flavour. These syrups are used and mixed with drinks like tea and coffee, carbonated water, bakery items like cake, ice cream, pancakes, waffles and other foods. But most regular types of syrups are chocolate, coffee, vanilla, fruit, maple, and Palm.
Syrups are mostly used in the food and beverage and the pharmaceutical industries. Syrups are utilised for not only enhancing sweetness in food items but they are also used as natural preservative to decrease water activity. There is a rising demand for syrups as a sweetening agent in the food and beverage industry, due to huge ingestion of processed foodstuff and a profuse yearning for items that have high sugar levels. Syrup is a dense mix of water and sugar generally flavoured or medicinal, or the accumulated juice of a fruit or plant.
The factors affecting the Global Market for Flavoured Syrups Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section like growing consumer demand for a range of flavours in food products, custom-made flavour choices, high growth potential in developing markets, untouched regions and increasing user predilection towards convenience & ready-to-eat foods.
The key restraint of the syrup market is the high sugar level in synthetic sweeteners which lead to health problems. Another restrictive factor for the market is the competition from sweet spreads and non-traditional sweet frostings, such as jams, preserves and chocolate spreads, which are grabbing up a big part of the breakfast spread market and posing firm competition to the syrups.
For granular level understanding the Flavoured Syrups Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment. By Flavour: Chocolate Coffee Herbs & Seasonings Vanilla Fruit Maple Malt Palm Others
By Flavour Type: Salty Sour Mint Savoury Sweet
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. The North America region was the largest market for Flavoured Syrups followed by Europe, due to the high rate of production and intake of syrups in the region. The developing markets of Asia-Pacific most importantly India and China, account for the high growth rate due to growing disposable incomes, and the popularity of western food trends among the middle class.For more of regional analysis check out the following reports. North America Flavoured Syrups Market Europe Flavoured Syrups Market Asia-Pacific Flavoured Syrups Market Latin America Flavoured Syrups Market Middle East and Africa Flavoured Syrups Market The major companies dominating the Flavoured Syrups market include Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, Cedarvale Maple Syrup, and Sensient Technologies Corporation.
The Flavoured Syrups Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of drug type and application along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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