Syrups Market Report 2026

The syrups market size has grown strongly in recent years. It will grow from $38.81 billion in 2025 to $41.17 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to expansion of processed food and beverage consumption, rising use of syrups in bakery products, growth of café and quick-service restaurants, increasing availability of diverse syrup varieties, improved packaging and shelf-life technologies.

The syrups market size is expected to see strong growth in the next few years. It will grow to $53.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for low-sugar syrups, expansion of plant-based sweetener syrups, rising focus on premium and artisanal products, growing online retail distribution, continuous product flavor innovation. Major trends in the forecast period include increasing demand for natural and organic syrups, rising use of alternative sweetener syrups, growing adoption in beverage and dessert applications, expansion of clean-label syrup products, enhanced focus on flavor innovation.

The rising demand for ready-to-eat (RTE) food products is expected to drive the growth of the syrup market in the coming years. Ready-to-eat food refers to items that have been cleaned, cooked, and typically packaged before consumption. Syrups are incorporated into these products to enhance flavor and extend shelf life, so the increasing popularity of ready-to-eat foods is boosting syrup demand. For example, in January 2023, a report by Aviko, a Netherlands-based food company, noted that the UK fast food sector grew from £20.61 billion in 2022 to £22.04 billion in 2023, with consumer visits to fast food outlets rising to 45% in June 2023. Therefore, the growing demand for ready-to-eat food products is expected to propel the syrup market forward.

Key players in the syrup market are focusing on advanced solutions, such as technology-driven platforms, to meet evolving consumer demands and improve operational efficiency. Technology-driven platforms are digital systems that leverage advanced technology to facilitate, manage, or enhance services, interactions, or transactions within a specific industry. For instance, in November 2023, Canadian Maple Co., a Canada-based premium maple syrup provider, launched an innovative distribution platform aimed at transforming global maple syrup distribution by ensuring quality, authenticity, and efficiency at every stage, specifically for exporting Canada’s renowned maple syrup.

In July 2024, Valeo Foods Group Ltd., an Ireland-based food manufacturing company, acquired Appalaches Nature for an undisclosed amount. Through this acquisition, Valeo Foods Group aims to strengthen its presence in the North American natural sweeteners sector and enhance its maple syrup supply chain by integrating Appalaches Nature with its existing Canadian operations. Appalaches Nature Inc., based in Canada, specializes in producing and supplying maple syrup and maple-syrup-derived sweeteners and products for North American and European markets.

Major companies operating in the syrups market are Tate & Lyle PLC, The Hershey Company, The J.M. Smucker Company, Monin Inc., Torani Inc., Kerry Group PLC, DaVinci Gourmet LLC, Archer Daniels Midland Company, Nestlé S.A., FrieslandCampina Ingredients North America Inc., Molasses Export Company, Bascom Family Farms Inc., Cedarvale Maple Syrup, Wholesome Sweeteners Inc., Crown Maple Syrup, Flavorchem Corporation, Nutra Food Ingredients LLC, Ingredion Incorporated, Sensient Technologies Corporation, Golden Barrel.

North America was the largest region in the syrups market in 2025. The regions covered in the syrups market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the syrups market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The syrups market consists of sales of nut-flavored syrups, dessert-flavored syrups and herb and spice-flavored syrups. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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