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