Global Cocktail Syrup Market- WishTree Insight

Global Cocktail Syrup Market by Product (Herbs & seasoning, Vanilla, Fruits, and Others), Flavor (Sour, Salty, Sweet, Mint, and Others), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Cocktail Syrup market size was valued at USD 5.10 billion in 2022 and is expected to surpass USD 7.29 billion by 2032, expanding at a CAGR of 4.1 % during the forecast period, 2022–2032. The market's growth is attributed to the rising inclination towards flavored and fancy alcoholic beverages.

INTRODUCTION

The cocktail syrup is a sweet liquid used in the preparation of cocktails. It is typically made by dissolving sugar or other sweeteners in water and can be flavored with a variety of ingredients such as fruits, herbs, spices, or even coffee. The purpose of cocktail syrup is to add sweetness and flavor to cocktails, and it is a key ingredient in many classic and modern cocktail recipes. Common types of cocktail syrup include simple syrup, flavored syrups, and Demerara syrup.

Market Trends, Drivers, Restraints, and Opportunities

• The rising popularity of cocktails is a key driver boosting the market.
• Various flavor innovation, and the popularity of cocktails is driving the global cocktail syrup market.
• Rising health concerns are a restraining factor hampering the market.
• Increasing demand for natural and organic cocktail ingredients in a cocktail is expected to create lucrative opportunities in the market.

Scope of the Report

Market Segment Insights

The fruit segment is projected to register the largest share of 70%

Based on product, the cocktail syrup market is divided into herbs & seasoning, vanilla, fruits, and others. The fruit segment is projected to register the largest share of 70% and is expected to expand rapidly during the forecast period owing to the interesting taste of fruits flavored syrups. However, the herbs & seasoning segment is anticipated to hold a key share of the market in the coming years due to the rising demand for organic ingredients in cocktails.

The sweet flavor segment is expected to expand at a rapid pace

Based on flavor, the cocktail syrup market is divided into sour, salty, sweet, mint, and others. The sweet flavor segment is expected to expand rapidly during the forecast period owing to its versatility. However, the sour segment is anticipated to hold a key share of the market in the coming years as it adds an exciting taste to the cocktails.

North America garnered a key market share of 33%

In terms of regions, the cocktail syrup market is classified as APAC, Europe, North America, and LAMEA. The market of North America is expected to constitute a key share of the market during the projected period owing to the shifting consumer interests towards flavored alcoholic drinks. However, the market of Europe and Asia & Pacific is anticipated to expand at a rapid pace during the forecast period owing to the shifting trend towards the consumption of fancy alcoholic beverages by youths.

Competitive Landscape

Key players competing in the Cocktail Syrup market are Kerry Group PLC; Monin; Giffard; The Simple Syrup Co; Liber & Co.; Toschi Vignola.

FAQs

How much is the market worth?

The Cocktail Syrup market size was valued at USD 5.10 billion in 2022 and is expected to surpass USD 7.29 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 4.1%.

What are the key drivers of the market?

The market's growth is attributed to the rising inclination towards flavored and fancy alcoholic beverages.

What segments are covered in the Cocktail Syrup report?

The segments covered in the report are Product (Herbs & seasoning, Vanilla, Fruits, and Others), Flavor (Sour, Salty, Sweet, Mint, and Others).

Mention which region is expected to hold the highest share of the Cocktail Syrup market.

The North American region is expected to hold the highest share of the Cocktail Syrup market.

Which segment holds the largest market share in Cocktail Syrup by 2032?

The Fruits segment holds the largest market share in Cocktail Syrup by 2032.

Mention the key players in the market.

Kerry Group PLC; Monin; Giffard; The Simple Syrup Co; Liber & Co.; Toschi Vignola.