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Syrup & Flavouring Production in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Syrup & Flavouring Production in Canada Market Research Report | NAICS 31193CA | May 2016

Sweet and sour: Export growth will sustain the industry as domestic demand declines

IBISWorld’s Syrup & Flavouring Production market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$150m
Annual Growth 11-16
-0.3%
Annual Growth 16-21
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Profit
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Employment
415
Businesses
38
Industry Analysis & Industry Trends

The Syrup and Flavouring Production industry manufactures beverage bases (e.g. concentrates and fountain syrups) and other flavouring syrups. The majority of industry products are used in the downstream manufacturing of finished beverages; consequently, the Soda Production industry (IBISWorld report 31211aCA) is a major buyer of industry products. Demand from downstream manufacturers has declined in recent years, as many food and beverage producers have consolidated and begun producing syrups and flavourings in-house. Nevertheless, the weakness of the Canadian dollar against the US dollar has made domestic products relatively inexpensive, expanding the industry's export market... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Syrup and Flavouring Production industry exhibits low concentration, with the industry's two largest companies generating about 40.0% of total annual industry revenue. The largest company, Kerry Group PLC is a multinational corporation with diversified and globalized syrup and flavouring production operations. Meanwhile, the remaining industry players tend to have a niche product focus and sell exclusively in North America. IBISWorld estimates that in 2016, the industry will be comprised of 38 enterprises total, with only 40 establishments. This suggests that most operators will have only one establishment for operation. The industry is expected to gradually consolidate as downstream food and beverage manufacturers also consolidate in order to maximize production efficiencies... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Syrup & Flavouring Production Industry?

This industry primarily manufactures drink concentrates, flavouring syrup and related products for beverage manufacturers, soft drink production or soda fountain use. Establishments primarily producing maple syrup, chocolate syrup, flavouring extracts, powdered drink mixes or soft drinks are excluded from the industry.

Industry Products
Liquid beverage basesFountain soft drinksOther flavouring agents
 
Industry Activities
Beverage base productionBeverage concentrate productionFlavouring productionFruit syrup production


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