Sticky situation: Slow growth is on the horizon, but declining soda consumption will hurt demand
Syrup & Flavoring Production in the US The Syrup and Flavoring Production industry manufactures beverage bases (e.g. concentrates and fountain syrups) and other flavoring syrups. The majority of industry products are used in the downstream manufacturing of finished beverages. Consequently, soda producers are major buyers of industry products. While the majority of revenue is generated from finished beverage manufacturers, the trend towards vertical integration is shifting industry-relevant revenue into the Soda Production industry. Additionally, increasing health-consciousness will be a negative factor for the industry as consumers move away from consuming products high in sugar and calories. Demand for soda has dampened over the five years to 2018 due to increasing health awareness among consumers. Nonetheless, industry revenue rose during the period. Over the next five years, revenue is expected to rise at a slower rate as soda producers will experience rising competition from juice and flavored waters.
This industry primarily manufactures flavoring syrup, drink concentrates and related products for soda fountains or beverage manufacturers. This industry excludes manufacturers, bottlers, distributors and retailers of finished beverage products, such as soda or juice.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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