Global Syrup, Seasoning, Oils, & General Food Market Major Players 2024, Forecast To 2033
19 Jan, 2024
The syrup, seasoning, oils, and general food market has exhibited strong growth, rising from $380.89 billion in 2023 to $408.85 billion in 2024, marking a 7.3% CAGR. Historical drivers include culinary traditions, cooking convenience, agricultural production, global food trade, and health and dietary preferences. Projections estimate continued strength, with a size of $526.11 billion in 2028, and a 6.5% CAGR. Growth is attributed to health and wellness trends, sustainability and eco-friendly packaging, diverse flavor profiles, digital marketing and e-commerce, and clean label and natural ingredients. Key trends involve plant-based and vegan products, artisan and craft flavors, gourmet and premium oils, spice blends and international flavors, and customized and personalized products.
Global Syrup, Seasoning, Oils, & General Food Market Key Driver
The syrup, seasoning, oils, and general food market is set to grow due to increased demand for processed food products. Convenience and time savings offered by processed foods, including sauces and pre-packaged meals, appeal to busy consumers. In a 2021 survey, 77% of US respondents reported purchasing processed foods, reflecting a preference for quick and easy meal solutions. This heightened demand is driving the syrup, seasoning, oils, and general food market.
Get A Free Sample Of The Global Syrup, Seasoning, Oils, & General Food Market ReportGlobal Syrup, Seasoning, Oils, & General Food Market Segments
The syrup, seasoning, oils, & general food market covered in this report is segmented –
1) By Type: Flavoring Syrup And Concentrate, Seasoning And Dressing, Fats And Oils
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Application: Food, Processing, Other Applications
Subsegments Covered: Syrups, Molasses, Sweet Spreads, Jam, Jellies, Preservatives, Savory Spreads, Seasoning, Dressing, Fats, Oils
By Geography: The regions covered in the syrup, seasoning, oils, & general food market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the syrup, seasoning, oils, & general food market in 2023. Western Europe was the second-largest region in the syrup, seasoning, oils, & general food market. The regions covered in the syrup, seasoning, oils, & general food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Syrup, Seasoning, Oils, & General Food Industry Players
Archer-Daniels-Midland Company (ADM), Wilmar International Ltd., The Coca-Cola Company, Bunge Limited, Musim Mas Group, Unilever plc, The Kraft Heinz Company, McCormick & Company, Kikkoman Corporation, Mewah International Inc., Nestle India Ltd., Del Monte Fresh Produce Ltd., Dali Foods Group Co. Ltd., Danone Group, Hangzhou Wahaha Group Co. Ltd., Nongfu Spring, China Haisheng Juice Holdings Co Ltd., Beijing Huiyuan Food and Beverage Co. Ltd., Associated British Foods plc, Arla Foods amba, Greencore Convenience Foods, LVMH Moët Hennessy Louis Vuitton, Groupe Lactalis, Südzucker AG, Tonnies Group, Dr. August Oetker Nahrungsmittel KG, KHS Group, EAT 'N' JOY Foods Private Limited, Cargill India Pvt. Ltd., The Hershey Company, The J.M. Smucker Company., The Clorox Company Ltd., PepsiCo Inc., General Mills Inc.
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Syrup, Seasoning, Oils, & General Food Market Overview
Syrup, seasoning, oils, and general food refer to the food that produces flavoring syrup and concentrate, seasonings and dressings, vegetable oils, and general food products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The syrup, seasoning, oils, and general food market are segmented into flavoring syrup and concentrate seasoning and dressing, and fats and oils.
Syrup, Seasoning, Oils, & General Food Global Market Report 2023 provides data on the global syrup, seasoning, oils, & general food market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The syrup, seasoning, oils, & general food market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.