Syrup, Seasoning, Oils, & General Food Market Characteristics
The syrup, seasoning, oils and general food market consists of sales of syrup, seasoning, oils and general food by entities (organizations, sole traders and partnerships) that produce flavouring 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.
Competitive Landscape of the Syrup, Seasoning, Oils, & General Food Market
Major players in the global syrup, seasoning, oils, & general food market include The Hershey’s Company, Kerry Group, Tate & Lyle, Monin Inc., Concord Foods.
Syrup, Seasoning, Oils, & General Food Market Size
The syrup, seasoning, oils, & general food market size is expected to reach a double digit figure by 2022, significantly growing at a CAGR of around 6.9% during the forecast period. The growth in the syrup, seasoning, oils, & general food market is due to increased demand for artificial flavourings and rapid urbanization, and shifting consumer preferences in both developed and developing countries.
However, the market for syrup, seasoning, oils, & general food is expected to face certain restraints from several factors such as health awareness and changing regulatory environment.
Syrup, Seasoning, Oils, & General Food Market Segmentation
The global syrup, seasoning, oils, & general food market is further segmented based on type and geography.
By Type - The syrup, seasoning, oils, & general food market is segmented into flavouring syrup and concentrate manufacturing, seasoning and dressing manufacturing, fats and oils manufacturing, syrups, molasses, sweet spreads, jam, jellies, preservatives, savoury spreads, seasoning, dressing, fats, oils.
By Geography - The global syrup, seasoning, oils, & general food is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Trends in the Syrup, Seasoning, Oils, & General Food Market
Shift towards the use of natural ingredients instead of artificial colours and flavours, introduction of healthier alternatives like canola oil, organic vegetable oil, trans-fat free soybean oil and olive oil are the major trends witnessed in the global syrup, seasoning, oils, & general food market.
Potential Opportunities in the Syrup, Seasoning, Oils, & General Food Market
With the shift from artificial to natural bases of syrups and, the scope and potential for the global syrup, seasoning, oils, & general food market is expected to significantly rise in the forecast period.
