Syrup & Flavouring Production in Canada
The Syrup and Flavouring Production industry in Canada manufactures beverage bases, such as concentrates and fountain syrups, and other flavouring syrups. Most industry products are used in the downstream manufacturing of finished beverages. Over the past five years, export growth has been primarily stimulated by economic growth in the industry's largest export market, the United States. Exports to the United States have consistently generated a significant segment of the industry's total export revenue, while demand from other countries has been volatile. Industry performance relies heavily on downstream demand, particularly from food and beverage producers. Syrup and flavouring producers will be challenged by healthy eating trends that are decreasing consumer demand for sugary foods and beverages, which is expected to pressure profit as well.
This industry primarily manufactures drink concentrates, flavouring syrup and related products for beverage manufacturers, soft drink production or soda fountain use. Establishments primarily producing maple syrup, chocolate syrup, flavouring extracts, powdered drink mixes or soft drinks are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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