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 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. In the Asia-Pacific region, emerging economies, such as China, Singapore, and Australia & New Zealand are dominant countries as soft drinks, dairy products, and ice cream are consumed on a large scale in these countries. This has led to the growth of the Asia-Pacific market.
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.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Sensient Technologies Corporation (U.S.) Monin Inc. (France), Kerry Group plc (Ireland), The Hershey Company (U.S.), and Tate & Lyle (U.K.).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global flavored syrups market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.