Market for Flavoring Syrup And Concentrate in the United States
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The U.S. flavoring syrup and concentrate market reached $
in , almost unchanged from 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 relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, flavoring syrup and concentrate production declined slightly to $ 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 being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production remained at a lower figure.
in , almost unchanged from 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 relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, flavoring syrup and concentrate production declined slightly to $
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 being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production remained at a lower figure.Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
For the third consecutive year, the United States recorded growth in consumption of flavoring syrups and concentrates, which increased by % to tons in . Over the period under review, consumption showed modest growth. The growth pace was the most rapid in 2017 when the consumption volume increased by %. Over the period under review, consumption reached the maximum volume in and is likely to see gradual growth in the immediate term.
The size of the flavoring syrup and concentrate market in the United States totaled $ 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 somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in and is likely to see gradual growth in the immediate term.
% to tons in . Over the period under review, consumption showed modest growth. The growth pace was the most rapid in 2017 when the consumption volume increased by %. Over the period under review, consumption reached the maximum volume in and is likely to see gradual growth in the immediate term.The size of the flavoring syrup and concentrate market in the United States totaled $
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 somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in and is likely to see gradual growth in the immediate term.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for flavoring syrup and concentrate in the United States, the market is expected to continue an upward consumption trend over the next eight-year period. 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 tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of flavoring syrup and concentrate in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for flavoring syrup and concentrate. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
The United States 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 tons, which was equal to $.
. In , there was a significant trade deficit of tons, which was equal to $.
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