ID: MRFR/F-B & N/3130-HCR | February 2021 | Region: Global | 110 pages
Sugar Syrup is a highly concentrated mixture of sugar and water. It is prepared from extracts of fruits or plants. It is also used as natural food preservatives in beverage and bakery products to enhance taste and flavor of these products. It is liquid in nature, so it can be easily blended with beverage products to give a uniform consistency. It is gaining popularity due to high demand for beverage and carbonated drinks. The market is further driven because of increasing demand for beverage and bakery products prepared by sugar syrups such as dairy and breakfast foods by the working population.
Furthermore, the Sugar Syrup Market is projected to propel at a high CAGR during the forecast period based on its diverse and potential application in beverage industry.
Growing demand for sugar syrups in the beverage industry owing to increasing consumption needs for ready-to-eat food is anticipated to escalate the market demand for sugar syrups on a global level. Sugar syrup, a thick mixture of sugar and water, is prepared by fruits or plants. It is also used as a natural food preservative in the beverage and bakery industry.
The inclination of beverage industry to produce consistent and uniform solution has brought up a new market for the use of sugar syrups in the industry. It has gained popularity in the convenience food industry by its multiple applications such as to increase the shelf life, flavor and product appearance. However, the use of artificial sugar with high sugar content has raised a concern because of its health concern such as diabetes, which may hamper the market growth of sugar syrups over the forecast period.
Sugar syrups market is segmented on the basis of type, comprises of glucose, maple, corn, other. Among them, the glucose syrup segment occupies a major share of the global market due to high production and various applications in the beverage industry.
The global sugar syrups market is segmented on the basis of application, which includes beverages, bakery & confectionary, dairy & frozen desserts, and others. Among all, the beverage industry is dominating the global market and is expected to grow over the review period. Since sugar syrup can be readily blended with beverages and carbonated drinks, it is widely used in this industry across the globe.
Sugar syrups market has been segmented on the basis of distribution channel, which comprises of store based (supermarkets/hypermarkets, specialty retailers, convenience stores, others), and non-store based (e-commerce). Sale through store based channels is dominating the market due to convenient one-stop shopping experience of the consumers.
The global sugar syrups market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, North America holds the major market share followed by Europe. However, North American region is estimated to witness a maximum growth during the forecast period 2017-2023 The increasing consumer awareness and favorable regulatory laws are considered to be some of the significant reasons for the growing use of natural sugar syrups based products in the Asia Pacific market. Extensive R&D activities in the North American region along with technological advancement has helped the production of sugar syrups in this region. However, Asia Pacific is projected to be the fastest growing market across the globe owing to the developing beverage industry and growing demand for convenience foods.
Furthermore, the U.S. & Canada holds a major share of the global sugar syrup market in North American region.
The key players profiled in the sugar syrups market are Coca Cola Company (the U.S.), Archer Daniels Midland (the U.S.), Sonoma Syrup (Canada), Cedarvale Maple Syrup (New York), PepsiCo (the U.S.), Illovo Sugar Ltd. (South Africa), Tereos (France)
The Sugar Syrups market is segmented under the following regions:
Rest of the world
The report for global sugar syrups market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
Frequently Asked Questions (FAQ) :
Beverage and bakery industries would trigger the sugar syrup market’s growth.
Top exporters of the sugar syrup market are the US, Germany, Italy, Canada, and China.
The Americas would be the highest revenue generator of the sugar syrup market.
The Asia Pacific region would be the fastest-growing sugar syrup market.
The players involved in the sugar syrup market report are Sonoma Syrup (Canada), Coca Cola Company (the U.S.), Archer Daniels Midland (the U.S.), Illovo Sugar Ltd. (South Africa), Cedarvale Maple Syrup (New York), PepsiCo (the U.S.), Tereos (France), and others.