Market Overview

The Global Syrup Market was valued at USD 3,155.3 million in 2023 and is expected to reach USD 4,964.9 million by 2031 while growing at a CAGR of 5.8% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global syrup market growth. Syrup, a sweet, viscous liquid made by dissolving sugar or sweeteners in water, serves as a sweetener, flavoring, or topping for diverse food and beverage items. Available in various forms and flavors, syrups find use in a wide range of culinary applications.

Increasing demand for natural and artisanal products, coupled with the global food and beverage industry's expansion, propels the syrup market's growth. Despite this, obstacles like health concerns and sugar reduction, along with stringent regulations and labeling requirements, could impede market expansion.

Furthermore, the global syrup industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Syrup Market is segmented among Chocolate Syrup, Maple Syrup, High-fructose Corn Syrup, Rice Syrup, Malt Syrup, Tapioca Syrup, Honey, Fruit Syrup, and Other Types, based on Type. In 2023, Chocolate Syrup accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Syrup Market is segmented among Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels, based on Distribution Channel. In 2023, Supermarkets/Hypermarkets accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Syrup Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Conagra Brands Inc., The Hershey Company, The Kraft Heinz Company, Sonoma Syrup Co., The Quaker Oats Company, The J.M. Smucker Company, Nestle SA, Dr. Willmar Schwabe GmbH & Co. KG, MONIN, and Amoretti.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Syrup Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Syrup Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Syrup Market Segmentation, By Type  

• Global Syrup Market Share Analysis, By Type  

• Global Syrup Market Growth Analysis, By Type  

• Global Syrup Market Trends, By Type  

o Chocolate Syrup

o Maple Syrup

o High-fructose Corn Syrup

o Rice Syrup

o Malt Syrup

o Tapioca Syrup

o Honey

o Fruit Syrup

o Other Types

6. Global Syrup Market Segmentation, By Distribution Channel

• Global Syrup Market Share Analysis, By Distribution Channel

• Global Syrup Market Growth Analysis, By Distribution Channel

• Global Syrup Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Convenience Stores

o Online Retail Stores

o Other Distribution Channels

7. Global Syrup Market Segmentation, By Region

• Global Syrup Market Share Analysis, By Region

• Global Syrup Market Growth Analysis, By Region

• Global Syrup Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Conagra Brands Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• The Hershey Company

• The Kraft Heinz Company

• Sonoma Syrup Co.

• The Quaker Oats Company

• The J.M. Smucker Company

• Nestle SA

• Dr. Willmar Schwabe GmbH & Co. KG

• MONIN

• Amoretti

 *Similar analysis will be provided for each company listed above.