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Syrup & Flavoring Production in the US - Industry Market Research Report

  • April 2017
  • -
  • Ibisworld
  • -
  • 38 pages

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Sticky situation: Slow growth is on the horizon, but declining soda consumption will hurt demand

Abstract
Syrup & Flavoring Production in the US
The Syrup and Flavoring Production industry manufactures beverage bases (e.g. concentrates and fountain syrups) and other flavoring syrups. The majority of industry products are used in the downstream manufacturing of finished beverages.

Consequently, soda producers are major buyers of industry products. While the majority of revenue is generated from finished beverage manufacturers, the trend towards vertical integration is shifting industry-relevant revenue into the Soda Production industry.

Additionally, increasing health-consciousness will be a negative factor for the industry as consumers move away from consuming products high in sugar and calories. Demand for soda has dampened over the five years to 2017 due to increasing health awareness among consumers. Soda producers have also faced rising competition from juice and flavored waters.

This industry primarily manufactures flavoring syrup, drink concentrates and related products for soda fountains or beverage manufacturers.

This industry excludes manufacturers, bottlers, distributors and retailers of finished beverage products, such as soda or juice.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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