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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

The Syrup and Flavouring Production industry in Canada is struggling due to decreasing demand from beverage producers. Additionally, many downstream beverage and food manufacturing industries have become more concentrated in recent years, with a number of smaller companies consolidating and some larger companies choosing to produce syrup and flavouring in-house. The declining value of the Canadian dollar over the past five years has maintained revenue from exports, as more foreign customers see purchasing Canadian products as more cost-effective than those manufactured in their own countries. As a result, industry revenue is expected to rise an average annual 0.3% during the five years to 2015, to $144.1 million... 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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