Flavored Syrup Market: Industry Analysis and Trends of the Market (2024-2030)

  • The Global Flavored Syrup Market size was valued at USD 53.82 Bn. in 2023 and the total Market revenue is expected to grow at a CAGR of 4.2 % from 2024 to 2030, reaching nearly USD 71.78 Bn. by 2030.

  • Format : PDF | Report ID : SMR_2196

Flavored Syrup Market Overview

Syrups are a combination of sugar, water along with high quality extracts and flavorings. The flavoured syrup market refers to an industry which is involved in production, distribution and sale of sweeteners infused with flavors such as chocolate, fruit, vanilla, etc to enhance the taste of beverages, deserts, paediatric/geriatric medicines and other products used by both commercial and residential segment across nations.


The flavored syrups distribution channel include supermarkets, food/organic food stores, online orders and small sized businesses to increase the sale of syrups in the market. The factors such as changing consumer preferences towards enhanced flavors and wide range of applications across food, beverage and pharmaceutical industries are driving the flavoured syrup market growth over the forecast period. The use of syrups in coffee drinks, juices, and mocktails has fuelled the demand for syrups in the B2B sector at restaurants and food and beverage outlets.


The natural and healthy fruit flavors application such as strawberry, mango, raspberry are majorly driving the demand of the fruit flavoured syrup in the market over the forecast period. The manufacturers are constantly innovating their products by offering low-calorie and sugar free syrups in response to preferences for healthier beverages. The North America flavoured syrup market held the largest market share in2023, which is attributed to the presence of an established syrup market in Canada and US. The Canadian province of Quebec is known to be the largest producer of maple syrups with an average export of USD 360 million in 2021.


Vermont has been the largest producer of syrups in the US in 2022 with a record of 9.4 million litres of production, thus driving the growth of the market in the region. In other countries such as South Korea and Japan, syrup market is growing substantially with increasing awareness of exotic drinks among the population. In 2022, the major consuming countries for maple syrup were US, Germany, UK, France and Japan as a result of growing café culture, enhanced taste of beverages and transition of lifestyles.


The flavored syrups market continues to grow over the forecast period with innovation in flavor, formulations, and applications across multiple industries and the contribution from end users such as beverage outlets, bakery shops, cafes, pharmaceutical laboratories and residential sector. As consumer preferences for unique taste experiences and healthier alternatives grow, manufacturers are focusing to capitalize on these trends by expanding their product portfolios and improving technological advancements in food science and flavor chemistry along with packaging and marketing strategies.

Flavored Syrups Market


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Flavored Syrups Market Dynamics:

Changing consumer preferences for syrups and convenience of prepared food products are driving the flavored syrup market growth:

The consumer demand for exotic flavors in beverages and foods is driving the market growth as consumers seek variety and new taste experiences, encouraging manufacturers to innovate and launch different flavors. The flavored syrups offer customization options for consumers and foodservice providers which easily allows them to enhance the flavor profile of beverages and food products, meeting the demand for customized needs. Flavored syrup sales are dominated by restaurants, bakeries, and hotels, where it is used as a topping for sweets, baked goods, pancakes, coffee, and other beverages.


The expanding cafe culture and proliferation of cafes, coffee shops, and specialty beverage outlets globally is increasing the demand for flavored syrups. These outlets use syrups to create speciality drinks to cater the diverse consumer preferences for beverages. The urbanization trends have led to increased exposure to different cuisines and flavors, that are expanding the market for flavored syrups apart from existing traditional markets. The application of syrups as flavor enhancers and sweeteners has attracted potential flavor syrup manufacturers. Flavored syrups are made not only for beverages but also used in cooking, baking, medicines and flavoring of various culinary dishes. This has additionally increased the demand for syrups in the market.


Introduction of health-conscious syrup products hold opportunities in the flavored syrup market:

The trend towards consumption of natural beverages is creating opportunities in the market for healthier alternatives in flavored syrups, made with natural ingredients, organic and reduced sugar content. Hence, manufacturers are capitalizing on this trend by offering healthier options that appeal and attract health-conscious consumers. The continuous innovation in flavors, formulations, and packaging that differentiate brands and attract consumers seeking unique taste experiences. Manufacturers are introducing novel flavors and seasonal varieties to capture the flavored syrup market share.  


Syrups are essential for creating signature beverages in coffee shops, and restaurants, thus holding a prominent position in the foodservice sector. Premium and gourmet flavored syrups, that feature high-quality ingredients and unique flavors, appeal to consumers that are willing to pay a premium for exotic products. Hence, capitalizing on gourmet trends is helping companies to maintain their brand positioning and profitability.


Health concerns associated with the sugar content in beverages is challenging for the flavored syrup market growth:

The increasing awareness about the negative health effects of sugar content in flavored syrups and other beverages is a significant restraint to the market, which has decreased the number of consumers from purchasing these products. The regulations and standards regarding food additives, preservatives, are limiting the formulation and marketing of flavored syrups as compliance with these regulations supplement the complexity and cost of product development. The flavored syrup market imposes competition from alternative products made from natural fruit extracts, that are sugar-free syrups, which are gaining attention of health-conscious consumers who prefer healthier syrups.


The demand for flavored syrups is seasonal, for certain flavors used in specific beverages or desserts. This seasonality leads to fluctuation in sales and production volumes of syrups, thus decreasing the demand in the market. These fluctuations lead to high prices of flavored syrup products in the market which further affect the consumer purchase decision for that product. For instance, in US, the maple syrups price increased at USD 2.55 per pound in 2023, earlier which was USD 2.20 per pound in 2022, and this was an outcome of reduced crop production and increased imports of syrups from Canada in 2023.

Flavored Syrup Market1

Flavored Syrup Market Segmentation:

Based on distribution channel, the B2B segment accounts for the largest market share over the forecast period as a result of rising large-scale purchases from businesses including coffee shops, restaurants, bakeries, food outlets and beverage manufacturers who purchase flavored syrups in bulk to use in their products on daily basis. The popular café company Starbucks, has started employing varieties of syrups in its coffee range which includes caramel, hazelnut, vanilla and many others. As of 2023, there are 8780 Bakery Café businesses in US and the number is increased by 0.6% from 2022, this presents a large market for the use of flavored syrups in various food and beverage products. The B2C segment is growing at a faster rate over the forecast period, which is fueled by rising demand for flavored syrup drinks from the residential sector.


Based on flavor, the fruit segment accounts for a larger market share over the forecast period as, there is an ease of availability of raw material sourcing and increased healthier contents incorporated as compared to other flavors present in the market. The carefully formulated fruit flavoured syrups do not contain any artificial additives or colors thus, are utilized in making milk shakes, pastries, ice cream, fruit drinks, mocktails, and other flavored syrup beverages.


The fruit syrups are widely used for topping delicacies like pastries, ice cream, fruit salads, thus are creating the demand across the commercial and residential sectors.  The increasing trade and production of fresh fruit is boosting the segment growth. For instance, China, India and US recorded 250.9 Mn ton, 105.8 Mn ton and 50 Mn ton production of fruit by quantity, respectively, which represents the availability of fruits in these countries.   

Flavored Syrups Market2

Flavored Syrups Market, Regional Insights:

The North America flavored syrup market held the largest market share in 2023 which is attributed to high acceptance of syrups in the countries such as U.S., and Canada, and rising consumer preferences for flavored syrups in daily meals such as snacks, cereals, beverages, and desserts. In US, flavored syrups are widely used in the beverage industry, especially in, cafes and specialty beverage chains as consumers enjoy flavored syrups in their coffee, tea, and other specialty drinks like lattes, frappes, and smoothies. The distribution of flavored syrups through retail channels such as supermarkets, specialty food stores, and online platforms with packaging in the form of bottles or dispensers for consumer convenience has increased the consumer base for syrups.


The bakery industry is witnessing significant growth in this region due to the availability of high-quality ingredients such as toppings, chocolates, flavors, and fillings, which in turn, is encouraging the use of flavored syrups across the food and beverage industry. The changing lifestyle trends towards western culture in countries such as China and India are increasing the use of flavored syrup products for preparing customized beverages and food products. This change is leading to the growth of Asia-Pacific flavored syrup market over the forecast period. The region also records high number of diabetic patients, thus creating a demand for organic flavored syrups in the region.


Top Exporting Countries of Flavored Syrups, By Shipments, 2023

Flavored Syrup Market3


Competitive Analysis of Flavored Syrup Market:

The flavored syrup market competitive landscape, is characterized by intense competition among key players who are trying to differentiate from each other by product innovation, quality, and brand recognition. Major companies such as Monin, Torani, DaVinci Gourmet, and Kerry Group dominate the market with extensive portfolios of flavored syrups prepared for various applications in beverages, desserts, and culinary uses. These companies compete not only on the basis of variety of flavor and quality but also on packaging innovation, sustainability concerns, and responsiveness to consumer trends such as health consciousness, etc.


The leading flavored syrups company Monin (France), is focusing on expanding its market presence and operational capabilities by introducing a range of 100% sugar free syrups and concentrates such as sugar free caramel syrup, sugar free strawberry syrup, sugar free Irish cream syrup and many others by aligning to the recent health trends. These range of products are trending among consumers as they cater the needs of health-conscious buyer segment including the youth which are inclined towards consumption of minimum sugar content products. Monin is fostering partnerships within the Indian hospitality industry namely, Taj Hotels, Marriott, Tim Hortons, etc in order to expand its hotel chains across nations.


While focusing more on its R&D, supply chain efficiencies, Monin has launched a manufacturing facility in Hyderabad, India for its continuous product innovation. In 2023, by the successful launch of Spiced Jamun beverage product, the company has decided to maintain its lead in regions with competitive markets. Comparatively, Hershey’s is more focusing on chocolate-based products with a minimum reach in the market and recent updates relate to the production of low-quality products, thus hampering its market position. With a multi-tiered pricing strategy, Monin has maintained its brand loyalty among its consumers. Overall, partnerships with beverage chains and retailers are strategies employed to expand market reach and strengthen distribution networks.

Flavored Syrup Market Scope

Market Size in 2023

USD 53.82 Bn.

Market Size in 2030

USD 71.78 Bn.

CAGR (2024-2030)

4.2 %

Historic Data


Base Year


Forecast Period



By Flavor Type






By Distribution Channel



By Application



Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America


Flavored Syrup Market Key Players:

  1. Monin (France)
  2. Kerry Group (Ireland)
  3. Torani (US)
  4. Pinnacle Foods (US)
  5. Kraft Heinz (US)
  6. Hershey (US)
  7. Cedarvale Maple Syrup (US)
  8. Archer Daniels Midland Company (US)
  9. Tata & Lyle (UK)
  10. Ghirardelli (US)
  11. Nestle (Switzerland)
  12. R. Torre & Company
  13. Fuerst Day Lawson (UK)
  14. Concord Foods (US)
  15. Sensory Effects (US)
  16. NutriFood (US)
  17. Toschi Vignola (Italy) 
  18. Skinny Mixes (US)

Frequently Asked Questions

The shift of consumers towards natural and sugar free products are the trends in the Flavored Syrup market.

1.    Flavored Syrup Market : Research Methodology 
2.    Flavored Syrup Market : Executive Summary
3.    Flavored Syrup Market : Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Flavored Syrup Market : Dynamics
5.1. Market Trends 
5.2. Market Drivers 
5.3. Market Restraints
5.4. Market Opportunities
5.5. Market Challenges
5.6. PORTER’s Five Forces Analysis
5.7. PESTLE Analysis
5.8. Technology Roadmap
5.9. Strategies for New Entrants to Penetrate the Market
5.10. Regulatory Landscape by Region
5.10.1.    North America
5.10.2.    Europe
5.10.3.    Asia Pacific
5.10.4.    Middle East and Africa
5.10.5.    South America

6.    Flavored Syrup Market Size and Forecast by Segments (by Value USD Billion)
6.1. Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
6.1.1.    Fruit
6.1.2.    Chocolate
6.1.3.    Vanilla
6.1.4.    Coffee
6.1.5.    Others

6.2.  Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
6.2.1.    B2B
6.2.2.    B2C

6.3. Flavored Syrup Market Size and Forecast, By Application (2024-2030)
6.3.1.    Commercial
6.3.2.    Household

6.4. Flavored Syrup Market Size and Forecast, by Region (2024-2030)
6.4.1.    North America
6.4.2.    Europe
6.4.3.    Asia Pacific
6.4.4.    Middle East and Africa
6.4.5.    South America

7.    North America Flavored Syrup Market Size and Forecast (by Value USD Billion)
7.1. North America Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
7.1.1.    Fruit
7.1.2.    Chocolate
7.1.3.    Vanilla
7.1.4.    Coffee
7.1.5.    Others

7.2.  North America Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
7.2.1.    B2B
7.2.2.    B2C

7.3. North America Flavored Syrup Market Size and Forecast, By Application (2024-2030)
7.3.1.    Commercial
7.3.2.    Household

7.4. North America Flavored Syrup Market Size and Forecast, by Country (2024-2030)
7.4.1.    United States
7.4.2.    Canada
7.4.3.    Mexico

8.    Europe Flavored Syrup Market Size and Forecast (by Value USD Billion)
8.1. Europe Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
8.1.1.    Fruit
8.1.2.    Chocolate
8.1.3.    Vanilla
8.1.4.    Coffee
8.1.5.    Others

8.2.  Europe Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
8.2.1.    B2B
8.2.2.    B2C

8.3. Europe Flavored Syrup Market Size and Forecast, By Application (2024-2030)
8.3.1.    Commercial
8.3.2.    Household

8.4. Europe Flavored Syrup Market Size and Forecast, by Country (2024-2030)
8.4.1.    UK
8.4.2.    France
8.4.3.    Germany
8.4.4.    Italy
8.4.5.    Spain
8.4.6.    Sweden
8.4.7.    Austria
8.4.8.    Rest of Europe

9.    Asia Pacific Flavored Syrup Market Size and Forecast (by Value USD Billion)
9.1. Asia Pacific Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
9.1.1.    Fruit
9.1.2.    Chocolate
9.1.3.    Vanilla
9.1.4.    Coffee
9.1.5.    Others

9.2.  Asia Pacific Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
9.2.1.    B2B
9.2.2.    B2C

9.3. Asia Pacific Flavored Syrup Market Size and Forecast, By Application (2024-2030)
9.3.1.    Commercial
9.3.2.    Household

9.4. Asia Pacific Flavored Syrup Market Size and Forecast, by Country (2024-2030)
9.4.1.    China
9.4.2.    S Korea
9.4.3.    Japan
9.4.4.    India
9.4.5.    Australia
9.4.6.    Indonesia 
9.4.7.    Malaysia
9.4.8.    Vietnam
9.4.9.    Taiwan
9.4.10.    Bangladesh 
9.4.11.    Pakistan
9.4.12.    Rest of Asia Pacific

10.    Middle East and Africa Flavored Syrup Market Size and Forecast (by Value USD Billion)
10.1. Middle East and Africa Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
10.1.1.    Fruit
10.1.2.    Chocolate
10.1.3.    Vanilla
10.1.4.    Coffee
10.1.5.    Others

10.2.  Middle East and Africa Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
10.2.1.    B2B
10.2.2.    B2C

10.3. Middle East and Africa Flavored Syrup Market Size and Forecast, By Application (2024-2030)
10.3.1.    Commercial
10.3.2.    Household

10.4. Middle East and Africa Flavored Syrup Market Size and Forecast, by Country (2024-2030)
10.4.1.    South Africa
10.4.2.    GCC
10.4.3.    Egypt
10.4.4.    Nigeria
10.4.5.    Rest of ME&A

11.    South America Flavored Syrup Market Size and Forecast (by Value USD Billion)
11.1. South America Flavored Syrup Market Size and Forecast, By Flavor Type (2024-2030)
11.1.1.    Fruit
11.1.2.    Chocolate
11.1.3.    Vanilla
11.1.4.    Coffee
11.1.5.    Others

11.2.  South America Flavored Syrup Market Size and Forecast, By Distribution Channel (2024-2030)
11.2.1.    B2B
11.2.2.    B2C

11.3. South America Flavored Syrup Market Size and Forecast, By Application (2024-2030)
11.3.1.    Commercial
11.3.2.    Household

11.4. South America Flavored Syrup Market Size and Forecast, by Country (2024-2030)
11.4.1.    Brazil
11.4.2.    Argentina
11.4.3.    Rest of South America

12.    Company Profile: Key players
12.1. Monin 
12.1.1.    Company Overview
12.1.2.    Financial Overview
12.1.3.    Business Portfolio
12.1.4.    SWOT Analysis
12.1.5.    Business Strategy 
12.1.6.    Recent Developments

12.2. Kerry Group
12.3. Torani
12.4. Pinnacle Foods
12.5. Kraft Heinz
12.6. Hershey
12.7. Cedarvale Maple Syrup
12.8. Archer Daniels Midland Company
12.9. Tata & Lyle
12.10. Ghirardelli
12.11. Nestle
12.12. R. Torre & Company
12.13. Fuerst Day Lawson
12.14. Concord Foods
12.15. Sensory Effects
12.16. NutiFood
12.17. Toschi Vignola 
12.18. Skinny Mixes
13.    Key Findings
14.    Industry Recommendations

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