North America Flavored Syrup Market Trends, Size, Segment and Growth by Forecast to 2030

 North America's Flavored Syrup Market: A Sweet Outlook

The flavored syrup market in North America is experiencing significant growth, with a valuation of US$ 19,163.8 million in 2018 and a projected rise to US$ 28,830.5 million by 2027. This represents a steady Compound Annual Growth Rate (CAGR) of 4.7% from 2019 to 2027.

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Key Growth Drivers

Several factors are fueling this expansion:

  • Booming Food & Beverage and Bakery & Confectionery Sectors: The strong performance of these industries in the US and Canada is a primary driver for increased demand for flavored syrups.
  • Dominant Regional Share: North America holds the largest share of the global flavored syrup market, driven by its developed and developing economies like the US, Canada, and Mexico.
  • Strategic Business Enhancements: Companies in the region are actively improving their operations and product lines to meet the growing needs of beverage, dairy & frozen dessert, confectionery, and bakery producers.
  • Strong Market Presence: Both domestic and international companies have a firm foothold in the North American market.
  • High Consumption: The US leads in flavored syrup consumption, followed by Canada and Mexico.
  • Supportive Environment: An efficient food manufacturing sector and flexible trade policies contribute significantly to market growth.
  • Consistent Demand and Supply: Steady demand from retailers and an effective supply chain further support the market's expansion.
  • Evolving Consumer Preferences: A growing preference for flavored food and beverages among consumers is a key contributor to the sustained demand for flavored syrups.
  • Socioeconomic Trends: Rapid urbanization, increased consumer purchasing power, and higher female participation in the workforce are driving the demand for convenient and easy-to-prepare food products, which in turn boosts the flavored syrup market.



Market leaders and key company profiles

  Sensient Technologies Corporation

  Kraft Heinz Company

  Cedarvale Maple Syrup Co.

  Archer Daniels Midland Company

  ASR Group

  Kerry Group

  Monin, Inc.

  Small Hand Foods

  Sunny Sky Products, Llc.

  The Hershey Company


North America Flavored Syrup Regional Insights

The geographic scope of the North America Flavored Syrup refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Growing demand for flavored syrup from food beverages and pharmaceutical industries

The growth of the flavored syrup market is primarily attributed to the growing demand for customized flavors in the food and beverage industry. These syrups are also used by dairy products, bakery and confectionery products, and desserts and others, to enhance or modify the taste of the product. The syrups in powdered form are used for flexible and fast preparation in ready-to-eat (RTE) food products. The flavored syrup is highly demanded by the beverage industry as different varieties of syrups are added to produce unique beverages. Therefore, with the growth of the food and beverage industry, the demand for flavored syrups is expected to rise. The flavored syrups are extensively being used in packed fruit juices and fruit purees to improve nutrient content and enhance flavor. Moreover, these syrups are widely used in the preparation of beverage items such as coffee, tea, iced tea, flavored milk and other forms of beverages, these syrups are added along with the preservatives to improve the shelf life of these products. The growing popularity of western food trends are, further, boosting the market growth.


Apart from their use in the food and beverage industries, these syrups are also used in the pharmaceutical industry. They are added to medicines and syrups to make them palatable and augment their medicinal actions. These syrups helps to add taste and flavor to pharmaceutical medicines so as to make it consumable. Flavored syrups add pleasantly flavored substances to the medicinal syrups such as cherry syrup, acacia syrup, etc.

Flavor Insights

The North America Flavored syrup market is segmented on the basis of fruit, chocolate, vanilla, herbs and seasonings, and others. Fruit flavoured syrups are used to garnish, tenderize or drizzle it on several food and beverage product such as desserts, pancakes or cereals. They also acts as a flavorsome additive to prepare in drinks and beverages. For instance, the apple flavored syrups are commonly used in breakfast with hot buttered toast and in mocktail preparations. This syrup is made by peeling apples, followed by cutting and boiling those to produce apple juice. The juice added with sugar or any sweetener of choice is then used as an apple syrup, which can be stored for a long time. The lemon syrup is a lemon-infused sugar syrup that adds sweetness and imparts lemon flavor to the desserts and cocktails. Chocolate syrups are regarded as a source of energy and are known to possess anti-aging, antioxidant, and stress suppressant characteristic features. The rising health awareness related to consumption of chocolate syrups along with a growing demand for chocolate syrups is driving the growth of the market.

Flavor Type Insights

The North America Flavored syrup market is segmented on the basis of flavor type is segmented into sweet, salty and savory, sour, and mint. Different types of sweet-flavored syrups include sugar syrup, sugar-free sweetener syrups, honey-flavored syrup, maple-flavored syrup, and agave syrup. The simple sugar syrups are widely used in cappuccino, lemonade, iced tea, and coffee preparations. The sugar-free sweetener syrups are the choice of syrups for the health-conscious people looking forward to cutting down the calorie count as their sweetness is due to natural pulps of the fruits rather than regular white sugar. The honey-flavored syrup has a golden colored appearance and is prepared using water, sugar, pure cane sugar, and honey. The maple-flavored syrup is used to add a rich maple taste and a dark-colored texture to recipes while sweetening.



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Akshay
Senior Market Research Expert at Business Market Insights

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