The Cocktail Syrups Market was estimated around USD 4,150 million in 2020 and is anticipated to expand at a CAGR of 4.7% over the forecast period (2021-2028).

The factors driving growth of the market includes expansion of bar and nightclub industry, emerging party culture around the world, rising demand for premium cocktail with nautical ingredients, increasing popularity of flavoured alcoholic beverages and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing consumers inclination towards the adopting healthy lifestyles, innovations in cocktail syrup and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between enterprises, rising disposable incomes and growing population growth rates, are further contributing to the market growth.

However, growth of the Cocktail Syrups Market is hindered attributed to strict regulations imposed by governing bodies.

The leading players operating in the market are Dohler, Toschi Vignola s.r.l., Giffard, ADM, Kerry Group PLC, Liber & Co., The J.M. Smucker Co., Monin, The Simple Syrup Co., and Bristol Syrup, among others.

Based on Flavor, the Sweet segment is predicted to grow at a significant CAGR during the forecast period

Sweet-flavoured cocktail syrups are gaining popularity because it balances sourness or bitterness of hard spirits such as whiskey and rum, which is pushing the segment’s growth. 

Based on Product, the Fruit segment is projected to grow at a robust CAGR over the forecast period

Growing consumers preference for drinks with high fruit content, is propelling growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Cocktail Syrups Market Report, growing demand for cocktails with natural ingredients, expansion of the nightclub industry across United States, rapid urbanization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.  

Key Development

• In Dec 2019, Bristol Syrup Company partnered with The Alchemist. This partnership will help to expand its flavor with winter drinks menu.

Market Segmentation

Segmentation by Flavor

• Sour

• Mint

• Sweet

• Salty

Segmentation by Product

• Vanilla

• Fruit

• Herbs & Seasonings

• Others

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

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