Flavored Syrups Market by Flavor, Application, Region – Forecast to 2021

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MarketsandMarkets Presents
Flavored Syrups Market- Global Forecast to 2021
https//www.marketsandmarkets.com/Market-Reports/f
lavored-syrup-market-992.html
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• The market for flavored syrups is estimated to be
  valued at USD 42.27 Billion in 2016. The market
  is projected to grow at a CAGR of 4.0 from 2016,
  to reach USD 51.31 Billion by 2021. The market
  for flavored syrups is segmented on the basis of
  type, application, flavor, and region.
• In 2015, the fruit flavored syrups segment
  accounted for the largest share of the market for
  flavored syrups during the forecast period. In
  addition, the market for flavored syrups is
  expected to grow due to increasing consumer
  demand for a variety of flavors in food products
  and personalized flavor options and product
  variety. Other factors driving the market growth
  include increasing consumer preference towards
  convenience foods ready-to-eat products.
• Browse 76 Market Data Tables with 48 Figures
  spread through 169 Pages and in-depth TOC
  on "Flavored Syrups Market by Flavor (Fruit,
  Chocolate, Vanilla, Coffee, Herbs Seasoning),
  Flavor Type (Sweet, Salty, Savory, Sour, Mint),
  Application (Beverage, Dairy Frozen Dessert,
  Confectionery, Bakery), by Region - Global
  Forecast to 2021" 
• The years considered for the study are as
  follows
• Base year 2015
• Forecast period 2016 to 2021
• This research study involves the extensive usage
  of secondary sources to identify and collect
  information useful for this technical,
  market-oriented, and commercial study of the
  flavored syrups market. 
• Download PDF Brochure https//www.marketsandmarke
  ts.com/pdfdownloadNew.asp?id992

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Chocolate flavored syrups segment is projected to
be the fastest-growing market on the basis of
type from 2016 to 2021 The chocolate flavored
syrup segment is projected to grow at the highest
CAGR from 2016 to 2021. The growth can be
attributed to its industrial application in
bakery products, production of chocolate-flavored
dairy drinks, frozen desserts, ice creams,
chocolate confectionery, and chocolate-flavored
beverages. Furthermore, the growing level of
consumer demand for chocolate has boosted the
consumption of chocolate flavors and their usage
in a diverse range of food products as chocolate
syrups are widely preferred by the final
consumers in milkshakes, cold beverages, hot
beverages such as tea and coffee, and as a
topping on ice creams, pancakes, waffles, and
cakes. Dairy frozen desserts application
segment depicts high potential for the flavored
syrups market Dairy frozen desserts application
in the flavored syrups market is growing because
of its application in milkshakes, smoothies,
frappes, flavored milk, yogurts, whipped creams,
and others. Frozen dessert is one of the
significant markets for flavored syrups,
worldwide as they are largely used as a topping
that provides a distinct flavor profile to
products and can be combined with different
flavored products. Significant growth for
flavored syrups is observed in the Asia-Pacific
region Asia-Pacific has a high growth potential
for flavored syrups. This region has many
emerging countries, such as China, Thailand, and
Singapore. Moreover, China is among the leading
countries for flavored syrups. With the rise in
the middle-class population and increasing per
capita income, the demand for healthy and
diversified food has also increased. This has
impacted the demand for flavored syrups in the
country. Make an Inquiry https//www.marketsandm
arkets.com/Enquiry_Before_BuyingNew.asp?id992
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The flavored syrups market, based on application,
is segmented into beverages, dairy frozen
desserts, confectionery, and bakery. Beverages
accounted for the largest share of the flavored
syrups market in 2015. Beverage application in
the flavored syrups market is growing as they are
largely used in producing cold beverages such as
iced tea, flavored sodas, mochas, and to make
customized cocktails mock tails at food service
outlets. Furthermore, there is an increasing
trend of using flavored syrups in hot beverages
such as tea and coffee (lattes) to provide flavor
variations to consumers to meet their tastes and
preferences. On the basis of flavor type, the
market is segmented into sweet, salty, sour,
savory, and mint. The sweet form accounted for
the largest market share in 2015. The savory form
is projected to grow at the highest CAGR from
2016 to 2021. The importance of savory flavor is
increasing as its application has expanded beyond
beverages and are now commonly used in meat
recipes, salad dressings, and for the preparation
of cupcakes pancakes in bakery items among
other applications. Savory flavored syrups, such
as spicy and herb, are also increasingly used in
food applications. The flavored syrups market is
highly competitive and concentrated due to the
presence of a number of large- and small-scale
firms. Acquisitions, new product developments,
and expansions investments are the key
strategies adopted by market players to ensure
their growth in the market. Players such as
Sensient Technologies Corporation (U.S.), Monin
Inc. (France), Kerry Group plc (Ireland), The
Hershey Company (U.S), and Tate Lyle (U.K)
collectively accounted for the largest portion of
the flavored syrups market in 2015. Other players
such as R. Torre Company (U.S.), Fuerst Day
Lawson (U.K.), Sensory Effects (U.S.), Concord
Foods (U.S.), NutriFood (U.S.), Mitr Phol Group
(Thailand), and Toschi Vignola (Italy) also have
a strong presence in this market. Request
Sample https//www.marketsandmarkets.com/requests
ampleNew.asp?id992
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