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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 | Apr 2017

Sweet and sour: 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
$156m
Annual Growth 12-17
-0.9%
Annual Growth 17-22
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Profit
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Employment
450
Businesses
37
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

Barriers to enter the Syrup and Flavouring Production industry are high and increasing. First and foremost, the industry is dominated by large multinational corporations and thus new entrants will only be able to serve small local communities. Major players often write exclusive contracts with bottlers, reducing the ability of other syrup manufacturers from establishing agreements with them. These companies have well established, well recognized brands and established relationships with bottlers. In many cases, beverage base manufacturers are significant shareholders in bottling operations. While the brand owners' share in a bottler is usually non-controlling, they often have significant-enough holdings to affect management. This factor acts as a significant barrier to entry.

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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 bases for soft drinksFountain soft drinksFlavouring syrups for desserts and home beverage useFlavouring syrups made from fruitOther flavouring agents
 
Industry Activities
Beverage base productionBeverage concentrate productionFlavouring productionFruit syrup production


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