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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 | Jun 2015

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

IBISWorld’s Syrup & Flavouring Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$144m
Annual Growth 10-15
0.3%
Annual Growth 15-20
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Profit
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Employment
391
Businesses
20
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 - Industry SWOT Analysis Chapter

Domestic demand for syrups and concentrates from independent manufacturers is expected to decline significantly over the 10 years to 2020 as downstream food and beverage manufacturing companies consolidate, bringing concentrate manufacturing operations in-house and reducing demand for industry products. Furthermore, even a depreciating Canadian dollar is not expected to be able to fully limit competition from imports; IBISWorld expects imports to satisfy more than two-fifths of total domestic demand by 2020... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Syrup & Flavouring Production Industry?

This industry primarily manufactures soft drink concentrates, syrup and related products for 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 basesFruit syrupsOther flavouring agents
 
Industry Activities
Beverage base productionBeverage concentrate productionFlavouring productionFruit syrup production


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