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Cocktail Syrup Market Research Report Information By Product (Fruit, Herbs & Seasonings, Vanilla, And Others), By Flavor (Sweet, Salty, Sour, And Mint) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2034


ID: MRFR/F-B & N/10783-CR | 128 Pages | Author: Pradeep Nandi| October 2023

Global Cocktail Syrup Market Overview

Cocktail Syrup Market Overview

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Cocktail Syrup Market Trends

    • Growing Demand for Cocktails is Projected to Drive Market Growth

Cocktail demand is projected to drive the cocktail syrup market CAGR ahead in the coming years. A cocktail is a chilled beverage made with wine or distilled liquor and flavouring ingredients. Cocktail syrup is a sweetened liquid that is used to increase flavour and sweetness to cocktails. It is commonly created by dissolving sugar in water and then adding other ingredients such as fruits, herbs, or spices to infuse the syrup with flavour in order to create excellent and well-balanced cocktails.

According to Nielsen Consumer LLC, a consumer intelligence company based in the United States, sales of spirits-based hard seltzers and cocktails increased by 58% in October 2022 compared to the previous year, while off-premises sales of spirits ready-to-drink cocktails increased by 63.4% compared to the previous year. As a result, the cocktail syrup market is being driven by the increased demand for cocktails.

Moreover, the cocktail syrup market is constantly evolving as new and unique flavours are created to satisfy consumers' shifting tastes and preferences. Cocktail syrup taste innovation enables mixologists and bartenders to be more imaginative and adventurous with their concoctions, offering customers a wide range of intriguing and unique flavour experiences. This flavour innovation is generating demand for new and fascinating syrups and is a critical driver of market growth.

For instance, with the increased demand for sophisticated alcoholic cocktails in recent years, the innovation of smokey and fire-flavored cocktail syrups has been highlighted. To add bold and intense flavours to cocktails, smoked syrups produced with smoked salt and mezcal and spicy syrups created with ghost peppers and hot sauce are utilized.

Furthermore, as customers become more health-conscious, there is an increase in demand for cocktails created with natural and organic ingredients, which are regarded to be healthier and more sustainable. As a result, demand for high-quality syrups, bitters, and other cocktail ingredients prepared with natural and organic ingredients has increased. Organic syrups are often free of artificial flavours, colours, and preservatives and are produced using environmentally beneficial and sustainable methods. Given the high demand for organic syrups, some well-known enterprises have turned their focus to the manufacturing of organic syrups.

Cocktail Syrup Market Segment Insights

Cocktail Syrup Product Insights

The Cocktail Syrup market segmentation, based on Product includes fruit, herbs & seasonings, vanilla and others. During the projection period, the fruit segment dominates the market by acquiring more revenue. Fruit cocktail syrup is one of the most popular flavour cocktails among health-conscious consumers. Raspberry, peach, strawberry, and other fruits are used in the fruit cocktail syrup. The growing popularity of healthy beverages is driving up demand for organic and natural beverages. Fruity and refreshing cocktails without sugar, artificial chemicals, or colour are popular among consumers, driving up demand for fruit cocktails. Fruit cocktail producers improve the taste of drinks by developing new and unique concoctions.

Cocktail Syrup Flavor Insights

The Cocktail Syrup market segmentation, based on Flavor, includes sweet, salty, sour, mint. During the forecast period, the sweet category will lead the market by taking a large share. Because of its flavour and sweetness, sweet cocktails are acquiring great popularity and trends in the market among customers. It's popular in simple syrup, mixed beverages, and other cocktails. Growing customer demand for zero-sugar cocktail syrup is expanding the industry because of health concerns. The leading companies are developing nonartificial and nutritious drinks that fulfill consumers' dietary demands. Because of its adaptability and popularity, these characteristics continue to drive market growth.

Figure1: Cocktail Syrup Market, by Flavor, 2022 & 2032(USD Billion)

Cocktail Syrup Market, by Flavor, 2022&2032

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Cocktail Syrup Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In 2022, the North America region will account for more than 45.80% of revenue, and it will continue to rise at an exponential rate. The shifting consumer interest in flavoured alcoholic drinks/beverages is expected to retain North America's dominance over the forecast timeframe. Furthermore, the region's growing bar and restaurant industry is driving up demand for cocktail syrups. In addition, the growing popularity of making one's own alcoholic beverages is driving the expansion of the cocktail syrup industry in the region.

Further, the major countries studied in the market report are TheUS, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: COCKTAIL SYRUP MARKET SHARE BY REGION 2022 (USD Billion)

COCKTAIL SYRUP MARKET SHARE BY REGION 2022

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Cocktail Syrup market accounts for the second-largest market share. The demand for low-alcoholic cocktails and flavoured beverages among millennials across the area is expected to be a major factor driving the growth of the Europe cocktail syrups market. Cocktail syrup consumption is quite popular in European countries such as the Germany, United Kingdom, and France, owing to the existence of numerous manufacturers producing unique goods. Further, the German Cocktail Syrup market held the largest market share, and the UK Cocktail Syrup market was the fastest growing market in the European region

The Asia-Pacific Cocktail Syrup Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the younger generation's changing preference for the consumption of upscale alcoholic beverages. The Asia Pacific region's market for cocktail syrups is expected to rise over the next years as a result of the region's large and increasing customer base, diversity of culinary traditions, and rising demand for natural and sustainable goods. Moreover, China’s Cocktail Syrup market held the largest market share, and the Indian Cocktail Syrup market was the fastest growing market in the Asia-Pacific region.

Cocktail Syrup Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Cocktail Syrup market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cocktail Syrupindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Cocktail Syrup industry to benefit clients and increase the market sector. In recent years, the Cocktail Syrup industry has offered some of the most significant advantages to medicine. Major players in the Cocktail Syrup market, including Kerry Group PLC; Liber & Co.; MONIN; The Simple Syrup Co.; ADM WILD Europe GmbH & Co. KG; Bristol Syrup Company; Döhler; Toschi Vignola s.r.l.; Giffard and others, are attempting to increase market demand by investing in research and development operations.

Monin is a French company that manufactures and sells syrups, liqueurs, and fruit purees largely for commercial use (hotels, restaurants, pubs, and so on). Georges Monin created the company in 1912. However, the first syrups were not created until the 1920s. Georges Monin passed away in 1944. The corporation, however, remained family-owned. A few months later, his son Paul took over the company's management. He stopped making wine and concentrated on syrups, developing a dealer network throughout France. In March 2023, MONIN, the world's leading cocktail ingredient provider, announced plans to hold a trade fair at Northern Restaurant & Bar in Manchester on March 14, 2023. The MONIN UK team will be exhibiting new products and flavour varieties at the trade expo. MONIN will allow customers to purchase samples of its unique items.

Kerry Group plc is an Irish food corporation that is publicly traded. It is traded on the ISEQ in Dublin and the LSE in London. Listowel's Kerry's Main Factory. Given the company's origins in the cooperative movement, farmer-suppliers retain a large stake in the business. Kerry was created in 1972 as a private corporation (North Kerry Milk Products) in Listowel, County Kerry, with three shareholders: the state-owned Dairy Disposal corporation (42.5%), a federation of eight small farmer co-operatives in Kerry (42.5%), and Erie Casein Company Inc. from the United States (15%). In May 2022, Kerry Group has announced the inauguration of Africa's most advanced and largest taste making facility. This plant is prepared to generate sustainable nutrition solutions that are widely consumed throughout Africa.

Key Companies in the Cocktail Syrup market include

    • Kerry Group PLC
    • MONIN
    • The Simple Syrup Co.
    • ADM WILD Europe GmbH & Co. KG
    • Bristol Syrup Company
    • Döhler
    • Toschi Vignola s.r.l.
    • Giffard

Cocktail Syrup Market Industry Developments

  • Q2 2024: Monin Launches New Limited Edition Cocktail Syrup Flavors for Summer 2024 Monin, a leading global syrup brand, announced the release of several limited edition cocktail syrup flavors for the summer 2024 season, expanding its portfolio to meet growing demand for innovative mixology ingredients.
  • Q1 2024: Torani Expands Production Capacity with New Syrup Manufacturing Facility in California Torani, a major player in the beverage syrup industry, opened a new manufacturing facility in California to increase production capacity and support its growing cocktail syrup business.
  • Q2 2024: Finest Call Introduces Organic Cocktail Syrup Line Finest Call, a well-known cocktail syrup brand, launched a new line of organic cocktail syrups, targeting health-conscious consumers and expanding its product offerings in the premium segment.
  • Q2 2024: Giffard Partners with Leading U.S. Distributor to Expand Cocktail Syrup Reach French syrup producer Giffard announced a strategic partnership with a major U.S. beverage distributor to increase the availability of its cocktail syrups across North America.
  • Q3 2024: Royal Dutch Distillers Launches Hibiscus and Rosemary Cocktail Syrups Royal Dutch Distillers introduced two new cocktail syrup flavors, hibiscus and rosemary, as part of its strategy to cater to adventurous consumers seeking unique mixology experiences.
  • Q2 2024: Singing Dog Vanilla Debuts Sugar-Free Cocktail Syrup Range Singing Dog Vanilla launched a new range of sugar-free cocktail syrups, addressing the growing demand for healthier, low-calorie beverage options.
  • Q1 2024: Liber & Co. Secures Series A Funding to Accelerate Growth in Craft Cocktail Syrups Liber & Co., a craft cocktail syrup producer, closed a Series A funding round to expand production and distribution, supporting its rapid growth in the premium cocktail syrup market.
  • Q2 2024: The Coca-Cola Company Expands Cocktail Syrup Portfolio with New Tropical Flavors The Coca-Cola Company announced the launch of new tropical-flavored cocktail syrups, aiming to capture a larger share of the growing home mixology market.
  • Q2 2024: 1883 Maison Routin Announces Partnership with Major Asian Beverage Distributor French syrup maker 1883 Maison Routin entered into a distribution partnership with a leading Asian beverage distributor to expand its cocktail syrup presence in the Asia-Pacific region.
  • Q3 2024: Fabbri 1905 Launches Limited Edition Coffee Plum Balsamic Cocktail Syrup Italian brand Fabbri 1905 introduced a limited edition coffee plum balsamic cocktail syrup, offering a unique savory twist for bartenders and home mixologists.
  • Q2 2024: Stirrings Appoints New Chief Executive Officer to Drive Innovation Stirrings, a U.S.-based cocktail mixer and syrup company, announced the appointment of a new CEO to lead the company’s innovation and growth strategy.
  • Q1 2024: Fever-Tree Enters Cocktail Syrup Market with Launch of Premium Range Fever-Tree, known for its premium mixers, launched a new line of cocktail syrups, marking its entry into the cocktail syrup market and expanding its product portfolio.

Cocktail Syrup Market Segmentation

Cocktail Syrup Market Product Outlook

    • Fruit
    • Herbs & Seasonings
    • Vanilla
    • Others

Cocktail Syrup Market Flavor Outlook

    • Sweet
    • Salty
    • Sour
    • Mint

Cocktail Syrup Regional Outlook

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • Rest of the World
      • Middle East
      • Africa
      • Latin America
Report Attribute/Metric Details
Market Size 2024 USD 4.40 Billion
Market Size 2025 USD 4.63 Billion
Market Size 2034 USD 7.30 Billion
Compound Annual Growth Rate (CAGR) 5.2% (2025-2034)
Base Year 2024
Market Forecast Period 2025-2034
Historical Data 2019- 2023
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Flavor, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Kerry Group PLC; Liber & Co.; MONIN; The Simple Syrup Co.; ADM WILD Europe GmbH & Co. KG; Bristol Syrup Company; Döhler; Toschi Vignola s.r.l.; Giffard
Key Market Opportunities The expanding interest in craft cocktails.
Key Market Dynamics Millennials and young people are developing a party culture.


Frequently Asked Questions (FAQ):

The Cocktail Syrup market size was valued at USD 4.18 Billion in 2023.

The market is projected to grow at a CAGR of 5.2% during the forecast period, 2025-2034.

North America had the largest share in the market

The key players in the market are Kerry Group PLC; Liber & Co.; MONIN; The Simple Syrup Co.; ADM WILD Europe GmbH & Co. KG; Bristol Syrup Company; Döhler; Toschi Vignola s.r.l.; Giffard.

The fruit category dominated the market in 2023.

The sweet had the largest share in the market.

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