Industry Analysis & Industry Trends
The Syrup and Flavouring Production industry has declined in the past five years, partly because downstream food and beverage manufacturers have consolidated and begun to produce industry products in-house. This trend, coupled with healthier dietary trends and declining sugar consumption, has reduced domestic demand for syrups and flavourings. As a result, the industry has increasingly relied on exports, which have grown as the declining value of the Canadian dollar has made domestic products more affordable to foreign buyers. Over the next five years, the changing market will challenge many traditional industry products, leading manufacturers to focus on developing innovative new flavours and products... 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.
There is also a limit to the extent that new producers can compete due to the strong competitive position of the incumbent firms. These companies have well established, well recognized brands and established relationships with bottlers. In many cases, beverage base manufacturers are significant shareholders in bottlers... purchase to read more