Cocktail Syrups Market By Region – Global Opportunities and Forecast, 2021-2028

Cocktail Syrups Market

Cocktail Syrups Market size is projected to expand at a healthy CAGR of 4.7% over the forecast period (2021-2028). Coconut syrups are flavored liquids composed of sugar, water, and flavours like mint, blends, fruits, and coffee. A surge in the working-class population and growing party culture among youngsters will bolster the market growth.

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Growing consumption of cocktails owing to the accelerating per capita income and changing lifestyle of consumers is one of the major factors fueling the cocktail syrups market. Innovations in cocktails, such as the use of real fruit juices without artificial sweeteners, will bolster the market growth. Cocktail syrups have substituted artificial ingredients with natural ingredients owing to the growing emphasis on consumer health. For example, Torani 2019 introduced a new variety of syrups named Puremade Syrups.

North American region is projected to hold a larger share during the forecast period, owing to the growing prominence of a variety of cocktails. The strong presence of prominent producers such as Liber & Co. and Archer-Daniels-Midland Co. in this region will boost the market growth. Moreover, changing preferences from conventional alcoholic drinks to flavored drinks have propelled the market growth. In accordance with the American Nightlife Association, the nightclub and bar industry in America will expand with an annual growth rate of around 2.1%.

Cocktail Syrups Market Segmentation:

Cocktail Syrups Market by Flavor

·         Sour

·         Mint

·         Sweet

·         Salty

Cocktail Syrups Market by Product

·         Vanilla

·         Fruit

·         Herbs & Seasonings

·         Others

Cocktail Syrups Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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