About Global Syrups Market
Syrup is a concentrated mixture of water and flavored sugar or accumulated fruit or plant juice. It is mainly used in the food and beverage industries. It is commonly used in beverages, candies, and as toppings on pancakes. It is used not only as a sweetener but also as a flavoring agent. It is also used as a preservative to reduce water activity.
Technavio’s analysts forecast the global syrups market to grow at a CAGR of 3.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global syrups market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of syrups in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Syrups Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Syrups Market: Aunt Jemima (The Quaker Oats Company), Hershey, Sonoma Syrup, The Kraft Heinz Company, and Tropicana Slim.
Other Prominent Vendors in the market are: American Garden, Amoretti Premium, DaVinci Gourmet, Hidden Springs Maple, Hungry Jack, Log Cabin, Mrs. Butterworth's, Nature’s Way, Monin, Starbucks, and Torani.
Commenting on the report, an analyst from Technavio’s team said: “The market is experiencing strong demand for organic maple syrup. Maple syrup is increasingly used as a natural alternative to artificial sweeteners. It is added in various foods and beverages as a sweetening agent. It provides flavor to sausages, fritters, and ice creams.”
According to the report, intensifying demand for syrups in the pharmaceutical industry is one of the key drivers. Syrups are available in concentrated, sweetened, viscous, and aqueous forms, which contain less than 10% alcohol. They are increasingly used in the pharmaceutical industry as therapeutic vehicles for oral, nasal, and topical products.
Further, the report states that the growth of the market is curtailed by some serious challenges. One such challenge is the health problems associated with HFCS. Continuous consumption of HFCS can lead to problems such as increased blood pressure and high blood sugar. With a growing focus on healthy, low-calorie diets, artificial sweeteners are increasingly replacing sugar and HFCS in foods and beverages.
Aunt Jemima (The Quaker Oats Company), Hershey, Sonoma Syrup, The Kraft Heinz Company, Tropicana Slim, American Garden, Amoretti Premium, DaVinci Gourmet, Hidden Springs Maple, Hungry Jack, Log Cabin, Mrs. Butterworth's, Nature’s Way, Monin, Starbucks, Torani.