The sugar-free syrup market is estimated to secure a valuation of US$ 2890 Million in 2023 and is estimated to rise to US$ 4319 Million by 2033. The market is anticipated at a CAGR of 4.1% during the forecast period. The factors accelerating the demand for sugar-free syrup are as follows-
Sugar-free syrup indicates that the product contains less gram of sugar per serving. Consumers nowadays prefer sugar-free syrups due to their low-calorie content and rapidly changing eating habits. Sugar-free syrup has proven to be a healthy alternative for diabetic patients as these syrups are made with low-calorie sweeteners like stevia, erythritol, and sorbitol. Sugar-free syrup has been shown to satisfy the cravings of diabetic patients without spiking blood sugar levels.
North America is expected to witness significant growth in the sugar-free syrup market due to an increase in the consumption of sugar-free products and the widespread use of sugar-free syrups in desserts and snacks.
Asia Pacific is expected to account for the maximum share of the sugar-free syrup market primarily due to the growing consumer awareness and increased demand from the food & beverages industry and the increased popularity of beverages such as coffee, and milkshakes in the region. In addition, the rising disposable income of the people in the Asia Pacific has also contributed to the growth of the sugar-free syrup market.
The key players operating in the sugar-free syrup market include Harsheys, pyure Brands LLc, Maple Grove Farms, Tate and Lyle, Wal-Mart Stores Inc, R Torre & Company, Kerry Inc., Stevien, Spring Tree, Cary’s, Sonoma Syrup, Cedarvale Maple Syrup, VSBO, Skinny Mixes, Monin and Market Pantry among others. These companies contribute a large share of the market and are continuously investing in research and development to create new products with organic and natural ingredients that consumers will love. With the right marketing strategy and product development, the sugar-free syrup market is expected to grow during the forecast period.
For instance, Pyure Brand LLC introduced - Pyure Organic Caramel Flavored Syrup made with low-carb sugar-free caramel sauce for coffee. It has the same texture, and taste as traditional caramel syrup without the added calories or carbohydrates. Pyure Organic Caramel Flavored Syrup has zero sugar, zero carbs, zero calories, and zero glycemic indexes making it the best sugar-free baking alternative. It is perfect for keto, diabetic, gluten-free, paleo, vegan, plant-based, candida, low-carb, and low-to-no-sugar lifestyles. The other sugar-free syrup product range includes organic caramel flavored syrup, Sugar-free maple flavor syrup, and organic liquid stevia extract – with vanilla flavor.
In the coming years, the market is expected to peak pace as increasing application in dairy and bakery products and frozen desserts will remain the key driver. Increased consumer demand for high fruit contain syrup is pushing manufacturers toward launching natural ingredient-infused syrups. With the rapid expansion of the market, new entrants are coming into the market with a new innovative product range with different flavors like kiwi, berries, and lime mint among others.
For instance, founded in 2012 Cannavis is a brand of syrup products that include syrups of various flavors such as cherry, grape, peach, and blackberry. All these syrups are 100% sugar-free, gluten-free, gluten-free, and non-GMO.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 2890 Million |
| Projected Market Value in 2033 | US$ 4319 Million |
| Growth Rate (2023 to 2033) | CAGR of 4.1% |
Flavoured syrups have been there in the market for a long period. Flavoured syrup is often used by the consumer to customize and garnish dessert, or any bakery item. Sugar-free syrups are now being introduced in the market to cater to the consumer base demanding sugar-free products.
Growing number of hotels, restaurants, and cafés globally is the primarily leading to the growing demand for bakery and dairy dessert industry. Sugar-free syrup is more inclined towards the dessert and bakery segment and hence has carry more demand.
Segment of organic sugar-free syrups is gaining much demand in the global market. With increasing awareness, manufacturers are introducing more organic and natural ingredients in sugar-free syrups, and hence, using ingredients such as, stevia, Erythritol, sorbitol, and other sugar-free, low calorie sweeteners.
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The sugar-free syrup market is witnessing increasing traction in the bakery and confectionary as it gives taste enhancement to the food as well as it controls the sugar intake level. Sugar-free syrups will further witness growth as new innovative flavours will be introduced in the market.
Consumers are consuming sugar-free syrups as it gives them the space to personalize the flavour of food. These syrups have flavours like vanilla, chocolate, coffee, and various fruits, satisfying both nutritional as well as gustatory system.
Countries like India, China, and the United Kingdom are considered as top countries suffering from diabetes. Owing to this fact, these countries have a large potential for the sugar-free market.
Apart from diabetes, awareness and consciousness of food and dietary consumption is another driving force of the sugar-free syrup market. A large portion of the population is now following a keto diet, cutting off all the sugar content from their diet. Hence, these segments of the population are responding positively to the Sugar-free syrups.
Leading players in sugar- free syrup market include
are some of the key players of the Sugar-free syrups Market.
Principal Consultant
Manufacturers are engaged in development by maintaining the nutrient level in the sugar-free syrups. As the population is more aware of the product they are consuming, by cautiously monitoring nutrient levels, this innovation will certainly drive the market towards a positive direction.
In the product segment, consumers are now more inclined towards natural and organic products. Responding to this manufacturers are producing flavoured syrups produced from natural sources like stevia. This innovation has also tapped the consumer segment that were demanding sugar-free syrups, but with the introduction of organic alternate, demand will certainly be increased beyond the target population.
Manufacturers are also working on flavour innovation by adding a more natural, fruit-flavoured product portfolio to attract a larger consumer base. This taste innovation is targeted to all age segments. There is a large potential market that will be responding to syrups that are based in exotic fruit flavours like kiwi, berries, lime-ginger, lime-mint, and flavours that are prevalent regionally targeting the local population.
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The Sugar-free syrups market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Sugar-free syrups market report projects the attractiveness of each major segment over the forecast period.
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Sugar-free Syrups Market
