Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Flavored Syrup Market size is expected to reach $61.5 billion by 2028, rising at a market growth of 3.7% CAGR during the forecast period.
The Chocolate segment is showcasing a CAGR of 3.9% during (2022 - 2028). The increasing demand for chocolate syrup in the food and beverage sector is driving the market. The principal use in cold and hot beverages like hot and cold coffee, smoothies, milkshakes, and baked goods, including pastries, waffles, cakes, and pancakes, propels this market. In addition, chocolate-based items are highly preferred in developing nations like China and India. As a result, these regions are focus regions for chocolate syrup producers.
The B2B segment acquired maximum revenue share in the Global Flavored Syrup Market by Distribution Channel in 2021 thereby, achieving a market value of $49.1 billion by 2028. The segment encompasses many different sectors, including beverages, frozen desserts, dairy products, and bakery & confectionery. Some common goods containing flavored syrups as a taste and sweetness enhancer ingredient are beverages, especially cocktails, hot and cold beverages, and soft drinks.
The North America market dominated the Global Flavored Syrup Market by Region in 2021; thereby, achieving a market value of $21.0 billion by 2028. The Europe market is exhibiting a CAGR of 3.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 4.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/flavored-syrup-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Hershey Company (Hershey Trust Company), The Kraft Heinz Company, Kerry Group PLC, Tate & Lyle PLC, Toschi Vignola s.r.l., MONIN, Fuerst Day Lawson Ltd., R. Torre & Co., Nature's Flavors, Inc., and Sonoma Syrup Co.
By Distribution Channel
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