World over, the flavoured syrups market is growing at breakneck speed amid soaring demand from the food and beverages sector. Flavoured syrups are extensively used in bread goods, alcoholic and non-alcoholic beverages, and dairy products. When added to cakes, drinks, bread, and other food products, it enriches the flavour and taste of the food item. Besides, it also finds its application in the pharmaceutical industry.  Rising awareness of diverse health benefits of organic food and natural sweeteners and increased its uptake around the world. Flavoured syrups with natural sweeteners obtained from agave nectar, organic berries, and allulose have become quite popular. Such diverse applications and the user base are assuring stupendous growth across the global flavoured syrups market. 

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Rising Prevalence of Diabetes Presents Lucrative Business Opportunity

Diverse health conditions, such as diabetes, obesity, etc., prevent individuals from consuming sweets. In this case, natural sweeteners with organic ingredients have gained notable momentum. A consistent uptick in the prevalence of diabetes is being anticipated, with projections to reach 643 million diabetics by 2030 and 783 million by 2045. At present, almost 75% of adults are suffering from diabetes in economies with low and intermediate incomes. This has translated into a shift towards flavoured syrups. Major market players are capitalising on the opportunity by developing new products comprising flavoured syrups. A few players are making efforts to improve the flavour and taste of syrups to gain stronghold positions in the global flavoured syrups market. 

Consumer Inclination Toward Convenience Foods to Unlock Growth Avenues for Flavoured Syrups Market

Changing consumer lifestyles have unlocked significant demand for processed or convenience food items. Significantly, convenience meals require less time and effort to be cooked without any need for processing. To this end, the demand for flavoured syrups has witnessed a robust rise. Toppings and ingredients added to convenience foods, including dairy products, ready-to-eat dishes, on-the-go beverages, and bakery and confectionery products are a few examples of flavoured syrups. On adding to dishes, flavoured syrups enhance the flavour and taste of food products. With the rise in disposable incomes, individuals are showing a preference for convenience foods. Coupled with this, the food and beverages sector has also experienced sound growth, over the recent past. Against this background, the global flavoured syrups market is set to experience robust growth in the coming years.

Magnified Sales of Frozen and Dairy Desserts Paves Way for North America

With accelerated demand for frozen and dairy desserts, the flavoured syrups market is anticipated to prosper in North America.  In addition, the consumption of convenience food items has also been on the rise, lately.  Busier schedules and burgeoning demand for food items with diverse flavours have enabled a shift toward ready-to-make products and frozen bakery products. The steady growth of the confectionery and bakery industries, consumer inclination towards ready-to-eat products, and rise in disposable income are altogether contributing to the growth of the flavoured syrups market.

Distinguished Market Players

Some of the key players in the global flavoured syrups market include Kerry Group plc, The Hershey Company,  Sensient Technologies Corporation, Monin Inc., R. Torre Company, Fuerst Day Lawson, Tate Lyle, Concord Foods, NutriFood, Mitr Phol Group, Sensory Effects, and Toschi Vignola.

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