Syrups Market Size 2024-2028
The syrups market size is forecast to increase by USD 10.46 billion, at a CAGR of 4.5% between 2023 and 2028.
- The market is experiencing significant growth, driven by the increasing popularity of new product launches in the sector. Consumers' growing preference for plant-based diets is fueling this trend, as many syrup manufacturers are introducing natural and organic options to cater to this demand. However, the market faces challenges due to rising health concerns surrounding diabetes and obesity. As a result, companies must focus on developing healthier syrup alternatives with reduced sugar content or sugar substitutes. Additionally, there is a need for innovative marketing strategies to attract health-conscious consumers and differentiate offerings from competitors.
- Navigating these dynamics requires strategic planning and a deep understanding of evolving consumer preferences and trends. Companies that successfully address these challenges and offer healthier, plant-based syrup options are poised to capitalize on the market's growth potential.
What will be the Size of the Syrups Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities shaping its landscape. Refining processes are optimized to enhance carbohydrate composition analysis, ensuring the desired sweetness profile. Color stabilization methods are meticulously employed to maintain product aesthetics, while crystallization prevention techniques mitigate the risk of unwanted invert sugar crystallization (idustrial sugar) Thickening agents are selected based on rheological properties to achieve the desired syrup consistency, and water activity measurement is crucial for microbial contamination control. Quality control testing is a continuous process, ensuring aseptic syrup production and aqueous syrup solutions free from impurities. Syrup purification steps, including decolorization methods and filtration techniques, are essential for producing clear, high-quality syrups.
Syrup viscosity control and density regulation are critical factors in various applications, from food and beverage industries to pharmaceuticals. Texture modification and syrup storage conditions are also crucial aspects of syrup production, with evaporation technology playing a significant role in concentration regulation. Sweetener blend formulation and sweetener stability studies are ongoing research areas, as is the exploration of alternative sugar sources, such as sugarcane juice and corn syrup production. The market's continuous evolution is reflected in the ongoing refinement of production techniques, from sugarcane juice processing and syrup extraction to syrup filtration and flavor compound addition. Syrup production remains a dynamic and intricate process, with a focus on optimizing every step to meet the evolving demands of consumers and industries alike.
How is this Syrups Industry segmented?
The syrups industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
- Type
- Flavor
- Non-flavor
- Distribution Channel
- Offline
- Online
- Product Type
- Maple Syrup
- Corn Syrup
- Fruit Syrup
- Chocolate Syrup
- Others
- End-User
- Household
- Commercial
- Industrial
- Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Middle East and Africa
- UAE
- APAC
- China
- India
- Indonesia
- Japan
- Malaysia
- South Korea
- Thailand
- South America
- Brazil
- Rest of World (ROW)
- North America
By Type Insights
The flavor segment is estimated to witness significant growth during the forecast period.
Flavored syrups, enriched with distinctive tastes, are widely used as food enhancers in various culinary applications. These syrups, available in natural, organic, sugar-free, concentrated, gluten-free, and sweetener variants, offer a unique taste to food and beverages. The market for flavored syrups is dynamic, with continuous advancements in carbohydrate composition analysis ensuring optimal sweetness and consistency. Microbial contamination control methods maintain product safety, while clarification techniques and syrup packaging materials preserve the syrup's texture and appearance. Invert sugar crystallization is a critical factor in syrup production, requiring refining process optimization and color stabilization methods. Thickening agents are selected based on rheological properties, water activity measurement, and quality control testing to achieve the desired syrup viscosity and density.
Syrup purification steps, including filtration techniques and flavor compound addition, contribute to the final product's taste profile. Glucose syrup refining, evaporation technology, decolorization methods, and sugarcane juice processing are essential components of the syrup production process. Sweetener stability studies and sugar concentration measurement ensure product consistency and longevity. Maple syrup processing follows unique purification steps, with texture modification techniques employed to maintain its distinct characteristics. Flavored syrups are versatile ingredients, used extensively in baking and desserts, beverages, and breakfast salads. Their application extends to a wide range of beverages, including tea, coffee, and cocktails. The evolving market trends prioritize natural and organic syrups, with a focus on sugar reduction and alternative sweeteners. Syrup manufacturers continually innovate to meet consumer demands, ensuring the market remains vibrant and dynamic.
The Flavor segment was valued at USD 25.48 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth due to increasing demand for convenience food and alternative sweeteners. APAC is the leading region in both production and consumption, driven by the confectionery, bakery, cereal, and dairy industries. In response to growing health consciousness, organic syrups like maple and agave are gaining popularity, with maple syrup processing becoming increasingly important. Liquid glucose, a crucial ingredient in confectionery and frozen desserts, is essential for controlling sugar crystallization. To ensure product quality, microbial contamination control, clarification techniques, and water activity measurement are crucial. Syrup packaging materials, thickening agent selection, and texture modification are also significant considerations.
Invert sugar crystallization, syrup rheological properties, and taste profile evaluation are vital in sweetener blend formulation and refining process optimization. Color stabilization methods and crystallization prevention are essential for maintaining syrup appearance and shelf life. Evaporation technology and decolorization methods are used in syrup production, while sugarcane juice processing and corn syrup production are key sources. Syrup filtration techniques and flavor compound addition are important for final product quality. Sweetener stability studies and sugar concentration measurement are also crucial aspects of the syrup market.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market continues to evolve, driven by advancements in technology and consumer preferences. Temperature viscosity plays a significant role in syrup production, with manufacturers constantly seeking optimal solutions to maintain consistency and efficiency. Ph stability is another crucial factor, as it impacts the shelf life and quality of various syrups, from sugarcane juice clarification methods to high fructose corn syrup health effects. In the realm of corn syrup production, ongoing efforts are focused on optimization and sustainability. For instance, researchers are exploring isomerization processes to enhance production efficiency and reduce waste. Similarly, maple syrup processors are investigating methods to minimize waste and improve processing efficiency. The sweetener blend compatibility study is a critical aspect of syrup development, as understanding how different thickening agents interact with various syrups is essential for achieving the desired texture and mouthfeel. Syrup packaging material selection criteria also require careful consideration, with an aqueous syrup solution stability study essential to ensure product longevity. Flavor compound release kinetics and color stability factors are also under scrutiny, as these elements significantly impact the sensory experience of consumers. Syrup rheological properties testing and carbohydrate composition determination are essential for maintaining quality control and ensuring product consistency. Moreover, microbial contamination detection methods and storage conditions optimization are crucial for maintaining product safety and shelf life. As the market continues to unfold, these ongoing research efforts will shape the industry's future trajectory.
What are the key market drivers leading to the rise in the adoption of Syrups Industry?
- The introduction of new syrup products serves as the primary catalyst for market growth. The market is experiencing significant growth due to the increasing number of new product launches by both regional and international players. These new offerings, such as Valeo Foods' Maple Crest Pancake syrup introduced in January 2024, contribute to the expansion of the market size and intensify competition among companies. Successful new product launches not only increase revenue and broaden consumer bases but also enhance market share and provide a competitive edge. To ensure product quality and safety, manufacturers focus on carbohydrate composition analysis, microbial contamination control, and taste profile evaluation. Clarification techniques, syrup packaging materials, and invert sugar crystallization are essential considerations for maintaining syrup rheological properties.
- Sweetener blend formulation is another crucial aspect of syrup production, as it significantly impacts taste and consumer preference. Innovative strategies, such as distributive partnerships and collaborations, enable maple syrup manufacturers to reach a wider audience and increase market penetration. The market's growth is further driven by the growing demand for natural and organic food products, as consumers increasingly seek healthier alternatives to processed sugars. Overall, the market is expected to continue its growth trajectory, driven by these market dynamics and the continuous innovation in product offerings.
What are the market trends shaping the Syrups Industry?
- The increasing popularity of plant-based diets represents a significant market trend. This dietary preference is gaining momentum among professionals and health-conscious individuals.
- The global market for plant-based syrups, including maple, rice, malt, and agave varieties, is experiencing significant growth due to increasing consumer preferences for natural and vegan sweeteners. With approximately 889 million vegans worldwide as of March 2023, the demand for these syrups as a healthier alternative to traditional sweeteners like table sugar and artificial sweeteners is on the rise. These syrups, derived from plant sources, offer lower calorie counts and are considered a healthier option for managing chronic diseases such as diabetes, obesity, and high blood pressure. To meet the growing demand for these syrups, manufacturers focus on refining process optimization, color stabilization methods, crystallization prevention, and thickening agent selection.
- Water activity measurement and quality control testing are crucial steps in the syrup purification process to ensure product consistency and safety. Aqueous syrup solutions require careful handling to maintain their natural properties and unique flavors. By implementing advanced production techniques and rigorous quality control measures, manufacturers can cater to the evolving consumer preferences and maintain a competitive edge in the market.
What challenges does the Syrups Industry face during its growth?
- The increasing concerns regarding diabetes and obesity-related health issues pose a significant challenge to the industry's growth trajectory.
- The global syrup market is experiencing significant attention due to the increasing demand for sugar-sweetened beverages and the growing trend of using syrups as food additives. Syrup viscosity control and density regulation are crucial aspects of syrup production to ensure consistent product quality. Syrup storage conditions are another essential factor, as proper storage can prevent microbial growth and preserve texture. Texture modification is achieved through various methods, including the use of stabilizers and emulsifiers. Glucose syrup refining and evaporation technology are key techniques employed in the production process. Decolorization methods, such as carbon filtration and ion exchange, are used to remove impurities and improve syrup clarity.
- Sugarcane juice processing is a significant source of syrup production, with advancements in technology leading to improved efficiency and product quality. The market dynamics are influenced by various factors, including consumer preferences, regulatory requirements, and technological advancements in syrup production. Producers are continually investing in research and development to innovate and meet the evolving demands of the market.
Exclusive Customer Landscape
The syrups market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the syrups market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, syrups market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amoretti - This company specializes in the production and distribution of premium syrups, including Madagascar bourbon vanilla bean, caramel, and French vanilla varieties. Their offerings cater to the growing demand for high-quality, flavorful additives for various beverages. These syrups provide a rich, authentic taste, enhancing consumer experiences.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Amoretti
- Archer Daniels Midland Co.
- Associated British Foods Plc
- Bateel International Llc
- Cargill Inc.
- Conagra Brands Inc.
- FDL Ltd.
- Kerry Group Plc
- Monin Inc.
- R. Torre and Co.
- Sensient Technologies Corp.
- Tate and Lyle PLC
- The Coca Cola Co.
- The J.M Smucker Co.
- Valeo Foods Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Syrups Market
- In January 2024, Archer-Daniels-Midland Company (ADM) announced the launch of its new line of organic and natural sweetener syrups, including organic golden syrup and organic corn syrup, in response to growing consumer demand for healthier alternatives (ADM press release).
- In March 2024, Tate & Lyle PLC and Sensient Technologies Corporation entered into a strategic partnership to develop and commercialize next-generation sweetener systems using stevia and monk fruit extracts, aiming to reduce sugar content in food and beverage products (Tate & Lyle press release).
- In May 2024, Ingredion Incorporated completed the acquisition of Penford Corporation, significantly expanding its specialty ingredients portfolio, including functional native starches, maltodextrins, and corn syrups (Ingredion press release).
- In April 2025, the European Commission approved the use of stevia as a sweetener in all types of foods and beverages, including alcoholic beverages, marking a significant regulatory milestone for The market (European Commission press release).
Research Analyst Overview
- The market encompasses a diverse range of products, including food grade syrups derived from sugarcane and maple trees. Sugarcane refining plays a crucial role in syrup production, with product standardization and quality control procedures ensuring consistency in sweetener functionality and properties. Syrup stability is a significant concern, with storage stability, syrup viscosity, and microbial spoilage among the key challenges. Ingredient sourcing and packaging optimization are also essential for maintaining syrup quality. Flavor enhancement techniques, such as syrup dehydration and formulation adjustments, contribute to the market's growth. Sugarcane processing methods, including crystallization and thermal processing effects, influence syrup texture and sweetener properties.
- Continuous processing and process automation are essential for efficient production and quality assessment. Corn syrup processing also plays a role in the market, with sweetener functionality and purification techniques impacting product quality. Sugar content analysis is a critical aspect of quality control, ensuring that syrups meet regulatory requirements and consumer expectations. Overall, the market is dynamic, with ongoing research and development efforts focused on improving syrup stability, enhancing flavor, and optimizing production processes.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Syrups Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
97 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 10.46 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.74 |
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Key countries |
US, Malaysia, Indonesia, Germany, UK, South Korea, France, Canada, Brazil, Thailand, UAE, Mexico, China, Japan, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Syrups Market Research and Growth Report?
- CAGR of the Syrups industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the syrups market growth of industry companies
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