Food & Beverages
The global syrup market size reached US$ 3.4 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the syrup market are currently focusing on making improvements to expand their product portfolio and improve their existing sales. They are consequently launching syrups made from natural sweeteners, like honey, agave, and maple. Moreover, key companies are introducing functional syrups that are infused with vitamins, minerals, antioxidants, probiotics, and other beneficial compounds to promote wellness and overall health. They are also developing new organic product variants containing low-calorie formulations with natural flavoring agents due to the growing concerns about the high glycemic index (GI) of traditional syrups among consumers. Apart from this, numerous cafes, restaurants, hotels, and quick-service restaurants (QSRs) are incorporating syrup in their dishes, which is offering lucrative growth opportunities to market players. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032
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The global syrup market has several major players including Amoretti, Conagra Brands, Inc., Concord Foods, LLC, The Kraft Heinz Company, Nature’s Way Brands, LLC, Nutrifood, PepsiCo, Inc., SONOMA SYRUP CO., and The Hershey Company. More information about these companies has been provided below.
Establishment: |
1988 |
Headquarters: |
Oxnard, CA |
Website: |
https://amoretti.com/ |
Amoretti specializes in creating high-quality, gourmet flavorings and ingredients for the food and beverage industry. Its product line includes a wide range of natural and artificial flavorings, syrups, sauces, or powders, and gourmet ingredients like truffles, caviar, and edible gold. These products are used by both professional chefs and home cooks alike to enhance the flavor of their dishes and beverages. The company is committed to using only the finest ingredients and the latest technology to create products that are not only delicious but also healthy and sustainable.
Establishment: |
1919 |
Headquarters: |
Illinois, United States |
Website: |
https://www.conagrabrands.com/ |
Conagra Brands, Inc. produces and distributes a diverse range of food products to consumers and commercial customers. Its portfolio of brands includes some of the most recognizable names in the food industry, such as Banquet, Chef Boyardee, Hunt's, Marie Callender's, and Slim Jim. It is committed to providing high-quality, affordable food products that meet the evolving needs and preferences of consumers. It provides a variety of products to commercial customers, including restaurants, foodservice operators, and industrial food manufacturers.
Establishment: |
1968 |
Headquarters: |
Brockton, MA |
Website: |
https://www.concordfoods.com/ |
Concord Foods, LLC specializes in creating high-quality, innovative food products that are easy to use and delicious. The company provides its customers with a wide range of affordable and convenient products that can be used to enhance the flavor and nutrition of their meals. Its product line includes salad dressings, marinades, seasoning mixes, smoothie blends, and baking mixes. It is a leading supplier of food products to the grocery retail industry and foodservice channels and its products are sold in thousands of stores throughout North America.
Establishment: |
1903 |
Headquarters: |
Illinois, United States |
Website: |
https://www.kraftheinzcompany.com/ |
The Kraft Heinz Company is a global food and beverage company that produces and distributes a diverse range of products to customers in more than 40 countries around the world. It provides a variety of food products to commercial customers, including restaurants, foodservice operators, and industrial food manufacturers. It is committed to promoting sustainable practices throughout its operations and has set ambitious goals to reduce its environmental footprint and improve the health and wellness of its consumers.
Establishment: |
1969 |
Headquarters: |
United States |
Website: |
https://naturesway.com/ |
Nature’s Way Brands, LLC is a prominent company in the health and wellness industry that produces and distributes natural supplements, vitamins, and herbal remedies. It is committed to providing high-quality products that are derived from natural sources and produced using sustainable methods. It offers a wide range of products that cater to various health needs, including immune support, digestion, and brain health. It is dedicated to promoting healthy living and strives to make its products accessible to people around the world.
Establishment: |
1979 |
Headquarters: |
Jakarta |
Website: |
https://www.nutrifood.co.id/ |
Nutrifood portfolio includes well-known brands such as L-Men, HiLo, and WRP, which offer products that cater to the needs of athletes, weight management, and women's health. It also produces premium functional beverages under the brand name NutriSari, which are made from natural ingredients and provide essential nutrients to support overall health and wellness. It is committed to sustainability and ethical business practices, and actively supports local farmers and communities in Indonesia.
Establishment: |
2001 |
Headquarters: |
Illinois, United States |
Website: |
https://www.pepsico.com/ |
PepsiCo, Inc. is a multinational food and beverage corporation that owns many well-known brands, including Pepsi, Frito-Lay, Quaker Oats, and Gatorade. Its syrup products are made using high-quality ingredients and innovative technology to ensure consistent flavor and quality. It is committed to sustainability and works to minimize its environmental impact through initiatives such as reducing packaging waste and using renewable energy sources. The company is known for its strong branding and marketing strategies, which have helped to make its products household names across the globe.
Establishment: |
2002 |
Headquarters: |
United States |
Website: |
https://sonomasyrup.com/ |
SONOMA SYRUP CO. is a family-owned and operated business that produces high-quality artisanal syrups, extracts, and shrubs. Its products are made in small batches using traditional methods, resulting in superior flavors that are unmatched by mass-produced syrups. It offers a wide range of products, including flavored syrups such as vanilla bean and lavender, fruit extracts such as lemon and blood orange, and cocktail and mocktail mixers. Its products are versatile and can be used in a variety of applications, including cocktails, coffee drinks, desserts, and marinades.
Establishment: |
1894 |
Headquarters: |
United States |
Website: |
https://www.thehersheycompany.com/ |
The Hershey Company is one of the largest and most well-known confectionery manufacturers in the world, specializing in chocolate and other sweet treats. It offers a variety of products, including its flagship brand Hershey's chocolate bars, Reese's peanut butter cups, Kit Kat, Twizzlers, and others. It also produces premium chocolate products under the brand name Scharffen Berger, which are made using high-quality cocoa beans and traditional chocolate-making methods. The company invests in renewable energy and water conservation initiatives to minimize its environmental impact. It also supports various other community initiatives, such as disaster relief efforts and youth sports programs.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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