Food Flavors Market forecast by Application & Type to 2023

1. MarketsandMarkets™ Presents Flavored Syrups Market- Global Forecast to 2021 https://www.marketsandmarkets.com/Market-Reports/flavored-syrup-market-992.html

2. 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.marketsandmarkets.com/pdfdownloadNew.asp?id=992

3. 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.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=992

4. 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/requestsampleNew.asp?id=992

5. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email: sales@marketsandmarkets.com Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

6. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.