As per the study initiated by Evolve Business Intelligence, the global Syrups & Spread market size accounted for USD 38.2 Billion in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The syrups and spread market refers to the industry involved in the production, distribution, and sale of various types of syrups and spreads. Syrups and spreads are commonly used as condiments, toppings, or ingredients in a wide range of food and beverage products. The syrups and spreads market is diverse, offering a wide variety of products with different flavors, textures, and applications. Some common types of syrups include chocolate syrup, caramel syrup, fruit syrups, maple syrup, and flavored syrups used in beverages such as coffee or cocktails. Spreads, on the other hand, include products like jams, jellies, nut butter (such as peanut butter and almond butter), chocolate spreads, honey, and fruit preserves.3
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- The global Syrups & Spread Market size was valued at USD 2 billion in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Syrups & Spread Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Syrups & Spread market report also includes the following data points:
- COVID19 Impact on Syrups & Spread market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Syrups & Spread market
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Some of the major Syrups & Spread players holding high market share include Conagra Foods Inc., Master Herbs Inc., Akron Inc., and Coca-Cola. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- Conagra Foods Inc.
- Master Herbs Inc.
- Akron Inc.
- Cedarvale Maple Syrup
- Corn Refiners Association
- Sonoma Syrup
- Tropicana OJ
- Barilla Pesto
- Tate & Lyle
- Archer Daniels Midland Company
- Ingredion Inc.
- Cargill Inc.
- Cornish Syrup Co.
- Hershey’s Symphony
- Kerry Group
- Monin Inc.
- Concord Foods
- Guangzhou Zhenglian
Market Segment By Type with focus on market share, consumption trend, and growth rate of Syrups & Spread Market:
- Chocolate syrup
- Malt Syrup
Market Segment By Application with focus on market share, consumption trend, and growth rate of Syrups & Spread Market:
- Breakfast syrup
- Cake icing
- Bakery Products
- Desert Glaze
Market Segment By distribution channel with a focus on market share, consumption trend, and growth rate of the Syrups & Spread Market:
- Departmental Stores
- Online Channels
|Market Size (2022)||$ 38.2 Billion|
|CAGR (2023 to 2033)||7.2%|
|Market Segmentation||Type, Application, Distribution Channel|
|Country Covered||US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America|
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Global Syrups & Spread Geographic Coverage:
- North America
- Nordic Countries
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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