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Syrup & Flavoring Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Syrup & Flavoring Production Market Research Report | NAICS 31193 | Jul 2012

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

IBISWorld’s Syrup & Flavoring Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 07-12
-8.5%
Annual Growth 12-17
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Profit
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Employment
5,164
Businesses
145
Industry Analysis & Industry Trends

Sweet and sour

Syrup and flavoring manufacturers are facing declining demand from the nation's soft drink producers. Health concerns over soda's sugar content and artificial sweeteners are causing consumers to move away from carbonated beverages, hurting demand for the syrups and flavorings used in their production. On the other hand, the influx of new drink products in response to changing consumer preferences will present an opportunity for growth to this industry, as will the rise of regional and niche drink markets... purchase to read more

Industry Report - Starting a New Business Chapter

While barriers to entry into this industry are moderate, there is a limit to the extent that new producers can compete due to the strong competitive position of the incumbent firms. These companies have well established, well recognized brands and established relationships with bottlers. In many cases, beverage base manufacturers are significant shareholders in bottlers. While the brand owners' share in a bottler is usually non-controlling, they often have significant-enough holdings to affect the management of bottlers.

Major players often write exclusive contracts with bottlers, reducing the ability of other syrup manufacturers from establishing agreements with these bottlers. This factor acts as a significant barrier to entry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Syrup & Flavoring Production Industry?

This industry primarily manufactures flavoring syrup drink concentrates and related products for soda fountains or beverage manufacturers. It excludes companies that generate a majority of revenue from other products such as drink production, powdered concentrates, table syrup, maple syrup, fruit juice and chocolate-, coffee- and dairy-based products.

Industry Products
Liquid beverage basesFountain soft drink syrupsFlavoring syrup and concentratesOther flavoring agents
 
Industry Activities
Producing beverage syrups Producing soft drink concentrates Producing toppings Producing powders (for use in soft drink production)


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