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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

The Syrup & Flavouring Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

The technology required for production has become relatively advanced during the past few decades, so substantial capital requirements and in-depth knowledge of processing efficiencies are necessary to enter the industry. Also, research and development requires significant investment in a laboratory with related machinery. However, materials costs do not pose a high barrier to industry entry, as the raw materials used to produce concentrates and syrups are generally relatively low in price.

There is also a limit to the extent that new producers can compete due to the strong competitive position of the incumbent firms. Major players often write exclusive contracts with bottlers, reducing the ability of other syrup manufacturers from establishing agreements with them... 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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