Industry Background:
Zero-sugar syrups are made from water, sorbitol, cellulose gum, natural and artificial flavors, salt, caramel color, sodium benzoate, and potassium sorbate. The syrups help to ease the blocked or stuffy nose by narrowing the blood vessels in your nose. It also provides relief from some allergic symptoms. It is used in cooking such as in ice-creams, protein shakes, smoothies, mocktails, and others.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Monin (France), Enlightened (United States), Europages (France), Cedarvale Maple Syrup Co (United States), The Hershey Company (United States), Kerry Group (Ireland), The J.M. Smucker Company (United States), Tate & Lyle (United Kingdom), Maple Grove Farms of Vermont (United States) and R Torre & Company (United States) |
CAGR | 4.35% |
According to AMA, the market for Zero-Sugar Syrups is expected to register a CAGR of 4.35% during the forecast period to 2027. This growth is primarily driven by Increasing Consumption of Zero-Sugar Syrups by Health Conscious Peoples.
Globally, a noticeable market trend is evident Consumer Preference towards Healthy Products
. The Beverages sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Monin (France), Enlightened (United States), Europages (France), Cedarvale Maple Syrup Co (United States), The Hershey Company (United States), Kerry Group (Ireland), The J.M. Smucker Company (United States), Tate & Lyle (United Kingdom), Maple Grove Farms of Vermont (United States) and R Torre & Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th June 2021, The Hershey Company has acquired the high-growth maker of low-sugar, better-for-you (BFY) confectionery products, Lily’s. The acquisition is a great addition to Hershey’s growing portfolio of better-for-you snacking brands.
On 12th August 2021, Enlightened has launched sugar-free chocolate syrup. It is made with soluble corn fiber, water, cocoa, salt, natural flavor, and citric acid. The new launch helps Enlightened to increase its products portfolio and Increase its global presence.
Regulatory Insights:
As per the Food Safety and Standards Authority, “The manufacturers of food products should be licensing and registration about the food business.”
Market Drivers
- Increasing Consumption of Zero-Sugar Syrups by Health Conscious Peoples
Market Trend
- Consumer Preference towards Healthy Products
- Growing Health Hazards with the Consumption of Sugar
Restraints
- Side Effects with the Consumption of Zero-Sugar Syrups like Nausea, Vomiting, Loss of Appetite, and Headache
Opportunities
Rising Demand for Zero-Sugar Syrups from Diabetic Patients can create Opportunities for the Market Growth
Challenges
Regulatory Guidelines on the Manufacturers of Zero-Sugar Syrups
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Zero-Sugar Syrups Study Sheds Light on
The Zero-Sugar Syrups Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Zero-Sugar Syrups industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Zero-Sugar Syrups industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.