Overview of the Market for Flavoring Syrup And Concentrate in the USA

The U.S. flavoring syrup and concentrate market amounted to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. Over the period under review, the market attained the maximum level in and is likely to see steady growth in the near future.

In value terms, flavoring syrup and concentrate production stood at $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, production reached the peak level in and is likely to see gradual growth in the near future.

Flavoring syrup and concentrate consumption in the U.S. was estimated at tonnes in , with an increase of % compared with the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the consumption volume increased by % y-o-y. Flavoring syrup and concentrate consumption peaked in and is expected to retain growth in years to come.

The size of the flavoring syrup and concentrate market in the U.S. rose to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the market value increased by % y-o-y. Flavoring syrup and concentrate consumption peaked in and is likely to see steady growth in years to come.

Driven by increasing demand for flavoring syrup and concentrate in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .

Over the period under review, the share of imports in terms of total flavoring syrup and concentrate consumption in the U.S. was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the U.S. flavoring syrup and concentrate market is largely supplied by domestic manufacturers.

The U.S. remains a net importer of flavoring syrup and concentrate; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.