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 Products Chapter
Liquid beverage bases
The majority of industry revenue stems from producing liquid beverage bases, which are then used by downstream beverage manufacturers as inputs. Downstream consolidation has diminished the market size for liquid beverage bases, however, because many large beverage manufacturers have in-house syrup and flavouring production facilities and, therefore, do not buy many industry products. During the past five years, this segment's share of total industry revenue has contracted as a result.
Fruit syrups and extracts are used for flavouring food, beverages and other consumer products, such as lip gloss... purchase to read more