Flavored Syrup Market Size, Share, Growth Analysis, By Product(Fruit, Chocolate), By Distribution Channel(B2B and B2C) - Industry Forecast 2024-2031

Flavored Syrup Market size was valued at USD 51.2 billion in 2021 and is poised to grow from USD 52.7 billion in 2022 to USD 70.2 billion by 2030, growing at a CAGR of 4% in the forecast period (2023-2030).

To appeal to consumers, both big and small firms are launching cutting-edge products and broadening their product lines. Starbucks, for instance, provides a selection of flavored syrups, including peach, toffee nuts, cinnamon dolce, and peppermint mocha. To appeal to the health-conscious market, businesses are concentrating on providing sugar-free syrups. Monin, for instance, sells sugar-free syrups in a range of fruit tastes, including raspberry, pomegranate, and peach. This company also provides various sugar-free syrups, including hazelnut, almond, and Irish cream. 'The Hershey Company', 'The Kraft Heinz Company', 'Monin Inc.', 'Torani Syrups, Inc.', 'Nestle S.A.', 'DaVinci Gourmet LLC', 'Kerry Group plc', 'Tate & Lyle PLC', 'Sensient Technologies Corporation', 'Archer Daniels Midland Company (ADM)', 'Conagra Brands, Inc.', 'PepsiCo Inc.', 'Coca-Cola Company', 'Pinnacle Foods Inc.', 'The J.M. Smucker Company', 'Royal FrieslandCampina N.V.', 'Dr. Oetker GmbH', 'Fontana Flavors Inc.', 'Sweetbird Ltd.', 'Ghirardelli Chocolate Company', 'In August 2022, In the US market, Singing Dog Vanilla introduced an organic vanilla syrup. The producer claims that the organic vanilla syrup will add a pure and complex flavor to tea, lattes, iced coffee, and other beverage products.', 'In February 2022, Daysie introduced a collection of simple syrups, including a trio for coffee, salted caramel, coconut almond, and Madagascar vanilla.'

The demand for flavored beverages such as coffee, tea, and soft drinks has been increasing steadily, driving the growth of the flavored syrup market.

Growing demand for natural and organic flavors: Consumers are increasingly seeking natural and organic flavored syrups as they become more health-conscious and concerned about the use of artificial ingredients.

North America has surpassed Europe as the largest regional market in the world with a revenue share of over 30.0% in 2021 due to the widespread use of fruit syrups in the United States and Canada as well as the growing consumer demand for flavored syrups in everyday foods such as snacks, cereals, beverages, and desserts. The bakery business is anticipated to grow significantly as a result of the region's access to several premium toppings, chocolates, tastes, and fillings. As a result, flavoring syrup use is encouraged in the food and beverage business.