The Asia Pacific Flavored Syrup Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
Cereal bars' more significant protein and fiber contents are piquing the interest of fitness fanatics more and more. The increase in demand for cereal bars with plant-based proteins is primarily due to the growing acceptance of plant-based diets. In addition, the advancement of flavor-mapping techniques to create nourishing and decadent products fuels millennials' desire for cereal bars.
Dairy goods and frozen desserts include sherbet, ice cream, sour cream, custard, kefir, and yogurt. Dairy goods are the main markets for chocolate split fillings. Fruit and berry fillings are frequently used in producing kefir, yogurt, puddings, creams, desserts, and other dairy products. Due to the widespread perception that dairy products have numerous health advantages, food additives are becoming more common in this market to provide texture and flavor differences.
The interest of consumers in cooking has significantly increased in recent years. The popularity of home cooking has increased due to the proliferation of cooking-focused TV channels and social media streaming services. This has increased household demand for several ingredients bought by food and beverage factories, hotels, and restaurant enterprises. Flavor syrup is one of these food components that has gained popularity among average customers.
The China market dominated the Asia Pacific Flavored Syrup Market by Country in 2021; thereby, achieving a market value of $5,099.2 million by 2028. The Japan market is estimated to grow at a CAGR of 3.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5% during (2022 - 2028).
Based on Product, the market is segmented into Fruit, Chocolate, Vanilla, Coffee, and Others. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Flavored Syrup Market is Projected to reach USD 61.5 Billion by 2028, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Hershey Company (Hershey Trust Company), The Kraft Heinz Company, Kerry Group PLC, Tate & Lyle PLC, Toschi Vignola s.r.l., MONIN, Fuerst Day Lawson Ltd., R. Torre & Co., Nature's Flavors, Inc., and Sonoma Syrup Co.
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