Flavoured Syrups Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2021
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.
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Syrups are widely used in the food and beverage and the pharmaceutical industries due to their additional advantages. Most regular types of syrups are coffee, chocolate, vanilla, fruit, palm and maple. Syrups are used not only for enhancing sweetness in food items but also used as natural preservative to limit water activity.
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Global Flavoured Syrups market is driven by factors such as growing consumer demand for a number of flavours in food products, increasing demand for custom-made flavours, and increasing user predilection towards ready-to-eat foods. The potential for growth is high in in developing markets and untouched regions. The key restraints of the flavoured syrup market are high sugar level in synthetic sweeteners which lead to health problems, competition from sweet spreads and non-traditional sweet frostings, such as jams, preserves and chocolate spreads, which are grabbing up a significant part of the market and posing competition to the syrups.
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1) Based on Flavour:
Herbs & Seasonings
2) Based on Flavour Type:
3) Based on Application:
Dairy & Frozen Desserts
4) Geographical Segmentation:
North America Flavored Syrups Market
Europe Flavored Syrups Market
Asia-Pacific Flavored Syrups Market
Latin America Flavored Syrups Market
Middle East and Africa Flavored Syrups Market
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The key players operating in the Flavoured Syrups market are Hershey, Tate & Lyle, Kraft Heinz Company, Monin Inc., Kerry Group Plc., Sonoma Syrup, Cedarvale Maple Syrup, and Sensient Technologies Corporation.
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