Global Flavored Syrup Market: Popularity of Chocolate Flavored Syrup to Increase, says TMR

Transparency Market Research (TMR) in its latest report, answers key questions with regards to the future growth prospects and scope of the flavored syrups market. The report is titled “Flavored Syrup Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” This market research report gives a thorough study of the flavored syrups industry, including the growth drivers, boosting the industry and challenging factors, restricting the growth of the industry. The key trends prevailing in the flavored syrups industry are identified and information as to how manufacturers are expected to re-align their strategies to adapt to the changing consumer demands. Manufacturers are striving for innovation to attract more customers. The report identifies key opportunities in the market and segments the market on the basis of key criteria. The leading, declining, and fastest growing segments are pointed out along with the reasons behind the state of the segment.

The increasing consumer preference for personalized flavors is compelling manufacturers to develop wide range of flavored syrups, and thus the flavored syrups market is growing. Of the two types of flavors in market, natural and artificial flavor, the demand for natural flavor is increasing. The use of flavored syrup in dairy and frozen product markets is creating a heightened demand for syrups. Flavored syrups are also in demand for applications where the flavor of the syrup acts as a sweetener and taste enhancer. The thriving convenience foods market is also one of the key factors boosting the demand for flavored syrups. This is because there is an increasing demand for flavored syrups as taste enhancer in convenience foods.

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Savory flavored syrups are being used in yogurts, salad dressings, confectionary and bakery items, and meat recipes. One of the trends in the market, that has been seen of late, is the increasing demand for chocolate flavored syrup. In addition to flavored syrups being used across the food and beverage industries, they are also being used in the pharmaceutical industry so as to make medicines flavorsome and appetizing. All these factors are expected to ensure a continued growth of the flavored syrup market across the globe. However, one of the biggest challenges faced by the market is the presence of high sugar content. Many health hazards such as diabetes, stomach upsets, and high blood sugar are caused by flavored syrup, used as artificial sweetener. In addition to this, the domestically made corn syrup is another key restraint challenging the market.

The global key players in the flavored syrup market include Kerry Group, The Hershey’s Company, Tate & Lyle, Concord Foods, Monin Inc., and Guangzhou Zhengliang.