Flavored Syrup Market is estimated to be US$69.1 billion by 2030 with a CAGR of 4.30% during the for

Devikamore02 Aug, 2023Business

Flavored Syrup Market accounted for US$ 47.5 billion in 2021 and is estimated to be US$69.1 billion by 2030 and is anticipated to register a CAGR of 4.30%. Increasing inclination of population towards added flavors in drink or syrups is expected to foster the market of flavored syrup. Increasing disposable income and change in life style population is now more inclined to try new varieties and products. Syrups based on chocolate, caramel, vanilla, fruit, malt and coffee have found increased popularity as taste enhancers. However, consumers are also becoming more health conscious, and shifting towards sugar free diets, which may hamper the flavored syrup market, or there could be threat of substitute in the market.