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China Flavored Syrup Market Research Report - Forecast to 2032
Market Report I 2024-04-10 I 116 Pages I Market Research Future
China Flavored Syrup Market Research Report Forecast to 2032
Market Overview
The China Flavored Syrup market, with a 2022 valuation of USD 5,822.4 Million, is poised for significant growth during the forecast period, reflecting a promising CAGR of over 7.4%. The China flavored syrup market is undergoing a significant transformation, driven by a convergence of dynamic factors that reflect changing consumer preferences and technological advancements. Key market drivers include the increasing consumer demand for diverse beverage options, rising disposable income, and changing lifestyle patterns. These drivers have fuelled a shift towards innovative flavor profiles, premium offerings, and a growing preference for convenient yet indulgent food and beverage choices.
Consumers in China are increasingly seeking a diverse range of beverage options, spurring a surge in demand for flavored syrups. The market is witnessing a proliferation of unique and exotic flavors, responding to the evolving palate of a more discerning and adventurous consumer base. This trend is not only reshaping flavor preferences but is also influencing the way consumer's approach and experience beverages, both in homes and social settings. Rising disposable income and changing lifestyle patterns are significant contributors to the market's growth. As economic prosperity expands the middle class and affords consumers greater purchasing power, there is a noticeable shift towards premium and novel offerings. Flavored syrups are emerging as essential components in crafting elevated culinary experiences, meeting the desires of a consumer base seeking sophistication and global tastes.
Market Segmentation
The China Flavored Syrups market is segmented, based on Raw Materials, into Cane Sugar, Beet Sugar, Corn Syrup, and Others.
The China Flavored Syrups market is segmented, based on Flavor, into Fruits, Herbs & Spices, Coffee, Chocolate, Vanilla, and others.
The fruits segment is further classified into Citrus, Berry, Tropical, and others. Citrus type is again segmented as Lemon, Lime, Orange, Grapefruit, Citrus Blend, and Others.
The Herbs & Spices are further categorized as Mint, Basil or Rosemary, Cinnamon, Cloves, and Others.
The China Flavored Syrups market is segmented, based on Application, into Residential/Retail and Commercial. The commercial segment is further segmented as Food & Beverage, Bakery & Confectionary, Dairy Products & Desserts, and Others.
The China Flavored Syrups market is segmented, based on distribution channel, into B2B and Food Retail/B2C. Fruit Retail is further divided into Food Retail, Supermarkets & Hypermarkets, Specialty Stores, Online, and Others.
Major Players
These include Monin, 1883 Maison Routin, DaVinci Gourmet, Jiangmen Goody's Food Co., Ltd., BODUO International, Tastecraft, Beijing Stevia Co., Ltd., Zhejiang Delthin Food Technology Co., Ltd., Wuhu Haoyikuai Food Co., Ltd., Guangzhou HEFS Food Co.,LTD, and Fabbri.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 11
1.1 MARKET ATTRACTIVENESS ANALYSIS 12
1.1.1 CHINA FLAVORED SYRUPS MARKET, BY RAW MATERIAL 12
1.1.2 CHINA FLAVORED SYRUPS MARKET, BY FLAVOR 13
1.1.3 CHINA FLAVORED SYRUPS MARKET, BY TYPE 14
1.1.4 CHINA FLAVORED SYRUPS MARKET, BY CATEGORY 15
1.1.5 CHINA FLAVORED SYRUPS MARKET, BY APPLICATION 16
1.1.6 CHINA FLAVORED SYRUPS MARKET, BY DISTRIBUTION CHANNEL 17
1.1.7 CHINA FLAVORED SYRUPS MARKET, BY REGION 18
2 MARKET INTRODUCTION 19
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 20
3 RESEARCH METHODOLOGY 21
3.1 DATA MINING 21
3.2 SECONDARY RESEARCH 22
3.3 PRIMARY RESEARCH 22
3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 23
3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS 23
3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 25
3.4.1 BOTTOM-UP APPROACH 26
3.4.2 TOP-DOWN APPROACH 26
3.5 DATA VALIDATION 27
3.6 ASSUMPTIONS & LIMITATIONS 27
4 MARKET DYNAMICS 28
4.1 INTRODUCTION 28
4.2 DRIVERS 30
4.2.1 INCREASING CONSUMER DEMAND FOR DIVERSE BEVERAGE OPTIONS 30
4.2.2 RISING DISPOSABLE INCOME AND CHANGING LIFESTYLE PATTERNS 30
4.2.3 EXPANDING E-COMMERCE CHANNELS AND ONLINE RETAILING 31
4.3 RESTRAINT 32
4.3.1 REGULATORY CHALLENGES AND COMPLIANCE PRESSURES 32
4.4 OPPORTUNITIES 33
4.4.1 HEALTH AND WELLNESS INTEGRATION 33
4.4.2 SUSTAINABLE AND ECO-FRIENDLY INITIATIVES 34
4.5 CHALLENGES 35
4.5.1 ECONOMIC IMPACT AND SHIFTING CONSUMER PRIORITIES 35
4.6 TRENDS 36
4.6.1 HEALTH AND WELLNESS EMPHASIS 36
4.6.2 PREMIUMIZATION AND EXOTIC FLAVORS 36
4.6.3 RAPID GROWTH IN ONLINE SALES CHANNELS 37
5 MARKET FACTOR ANALYSIS 39
5.1 VALUE CHAIN ANALYSIS 39
5.1.1 RAW MATERIAL PROCUREMENT 40
5.1.2 PROCESSING 40
5.1.3 PACKAGING 41
5.2 SUPPLY CHAIN ANALYSIS 42
5.2.1 RAW MATERIAL SOURCING 43
5.2.2 MANUFACTURING 44
5.2.3 DISTRIBUTION 44
5.2.4 END USERS 45
5.3 PORTER'S FIVE FORCES MODEL 46
5.3.1 BARGAINING POWER OF SUPPLIERS 46
5.3.2 BARGAINING POWER OF BUYERS 47
5.3.3 THREAT OF NEW ENTRANTS 47
5.3.4 THREAT OF SUBSTITUTES 48
5.3.5 INTENSITY OF RIVALRY 48
5.4 IMPACT OF CORONAVIRUS OUTBREAK ON CHINA MARKET 49
5.4.1 IMPACT ON PRODUCTION 50
5.4.2 IMPACT ON PERSONAL HYGIENE 50
5.4.3 IMPACT ON CONSUMER BUYING BEHAVIOR 51
5.4.4 IMPACT ON ONLINE VS OFFLINE SALES 51
5.4.5 IMPACT ON PRICING 51
5.4.6 OTHERS 52
6 CHINA FLAVORED SYRUPS MARKET, BY RAW MATERIALS 53
6.1 INTRODUCTION 53
6.2 CANE SUGAR 54
6.3 BEET SUGAR 55
6.4 CORN SYRUP 55
6.5 OTHERS 55
7 CHINA FLAVORED SYRUPS MARKET, BY FLAVOR 57
7.1 INTRODUCTION 57
7.2 FRUITS 58
7.2.1 CITRUS 59
7.2.1.1 LEMON 60
7.2.1.2 LIME 60
7.2.1.3 ORANGE 60
7.2.1.4 GRAPEFRUIT 61
7.2.1.5 CITRUS BLEND 61
7.2.1.6 OTHERS 61
7.2.2 BERRY 63
7.2.3 TROPICAL 63
7.2.4 OTHERS 64
7.3 HERBS & SPICES 65
7.3.1 MINT 65
7.3.2 BASIL OR ROSEMARY 66
7.3.3 CINNAMON 66
7.3.4 CLOVES 67
7.3.5 OTHERS 67
7.4 COFFEE 67
7.5 CHOCOLATE 68
7.6 VANILLA 68
7.7 OTHERS 69
8 CHINA FLAVORED SYRUPS MARKET, BY TYPE 70
8.1 INTRODUCTION 70
8.2 SWEET 71
8.3 SAVORY 71
9 CHINA FLAVORED SYRUPS MARKET, BY CATEGORY 72
9.1 INTRODUCTION 72
9.2 ORGANIC 73
9.3 REGULAR 73
10 CHINA FLAVORED SYRUPS MARKET, BY APPLICATION 74
10.1 INTRODUCTION 74
10.2 RESIDENTIAL/RETAIL 75
10.3 COMMERCIAL 75
10.3.1 FOOD & BEVERAGE 77
10.3.2 BAKERY & CONFECTIONERY 77
10.3.3 DAIRY PRODUCTS & DESSERTS 78
10.3.4 OTHERS 78
11 CHINA FLAVORED SYRUPS MARKET, BY DISTRIBUTION CHANNEL 80
11.1 INTRODUCTION 80
11.2 B2B 81
11.3 FOOD RETAIL/B2C 81
11.3.1 SUPERMARKETS & HYPERMARKETS 83
11.3.2 SPECIALTY STORES 83
11.3.3 ONLINE 84
11.3.4 OTHERS 84
12 CHINA FLAVORED SYRUPS MARKET, BY REGION 86
12.1 INTRODUCTION 86
12.2 NORTHERN CHINA 87
12.3 SOUTHERN CHINA 87
13 COMPETITIVE LANDSCAPE 88
13.1 COMPETITIVE OVERVIEW 88
13.2 COMPETITIVE BENCHMARKING 88
13.3 MAJOR PLAYERS IN THE CHINA FLAVORED SYRUP MARKET 89
13.4 PRODUCTION DETAIL BY COMPANIES 89
13.5 PACKAGING FORMAT UTILIZED BY COMPANIES 90
13.6 BEST SELLER IN TERMS OF SIZE 90
13.7 PRICING ANALYSIS BY REGION 91
13.8 PROFIT MARGIN BETWEEN MANUFACTURING TO CONSUMER 91
13.9 MAJOR DISTRIBUTION CHANNEL 92
13.10 FLAVOURED SYRUP: LIST OF MAJOR SERVICE STORES CHAIN IN CHINA 93
14 COMPANY PROFILES 94
14.1 ZHEJIANG DELTHIN FOOD TECHNOLOGY CO., LTD. 94
14.1.1 COMPANY OVERVIEW 94
14.1.2 FINANCIAL OVERVIEW 94
14.1.3 PRODUCTS/SERVICES OFFERED 94
14.1.4 KEY DEVELOPMENTS 95
14.1.5 SWOT ANALYSIS 95
14.1.6 KEY STRATEGIES 95
14.2 MONIN 96
14.2.1 COMPANY OVERVIEW 96
14.2.2 FINANCIAL OVERVIEW 96
14.2.3 PRODUCTS OFFERED 96
14.2.4 KEY DEVELOPMENTS 97
14.2.5 SWOT ANALYSIS 98
14.2.6 KEY STRATEGIES 98
14.3 1883 MAISON ROUTIN 99
14.3.1 COMPANY OVERVIEW 99
14.3.2 FINANCIAL OVERVIEW 99
14.3.3 PRODUCTS OFFERED 99
14.3.4 KEY DEVELOPMENTS 99
14.3.5 SWOT ANALYSIS 100
14.3.6 KEY STRATEGIES 100
14.4 FABBRI 101
14.4.1 COMPANY OVERVIEW 101
14.4.2 FINANCIAL OVERVIEW 101
14.4.3 PRODUCTS OFFERED 101
14.4.4 KEY DEVELOPMENTS 101
14.4.5 SWOT ANALYSIS 102
14.4.6 KEY STRATEGIES 102
14.5 DAVINCI GOURMET 103
14.5.1 COMPANY OVERVIEW 103
14.5.2 FINANCIAL OVERVIEW 103
14.5.3 PRODUCTS OFFERED 103
14.5.4 KEY DEVELOPMENTS 104
14.5.5 SWOT ANALYSIS 104
14.5.6 KEY STRATEGIES 105
14.6 TASTECRAFT 106
14.6.1 COMPANY OVERVIEW 106
14.6.2 FINANCIAL OVERVIEW 106
14.6.3 PRODUCTS OFFERED 106
14.6.4 KEY DEVELOPMENTS 107
14.6.5 SWOT ANALYSIS 107
14.6.6 KEY STRATEGIES 107
14.7 BEIJING STEVIA CO., LTD. 108
14.7.1 COMPANY OVERVIEW 108
14.7.2 FINANCIAL OVERVIEW 108
14.7.3 PRODUCTS/SERVICES OFFERED 108
14.7.4 KEY DEVELOPMENTS 108
14.7.5 SWOT ANALYSIS 109
14.7.6 KEY STRATEGIES 109
14.8 WUHU HAOYIKUAI FOOD CO., LTD. 110
14.8.1 COMPANY OVERVIEW 110
14.8.2 FINANCIAL OVERVIEW 110
14.8.3 PRODUCTS/SERVICES OFFERED 110
14.8.4 KEY DEVELOPMENTS 110
14.8.5 SWOT ANALYSIS 111
14.8.6 KEY STRATEGIES 111
14.9 BODUO INTERNATIONAL 112
14.9.1 COMPANY OVERVIEW 112
14.9.2 FINANCIAL OVERVIEW 112
14.9.3 PRODUCTS/SERVICES OFFERED 112
14.9.4 KEY DEVELOPMENTS 113
14.9.5 SWOT ANALYSIS 113
14.9.6 KEY STRATEGIES 113
14.10 GUANGZHOU HEFS FOOD CO., LTD. 114
14.10.1 COMPANY OVERVIEW 114
14.10.2 FINANCIAL OVERVIEW 114
14.10.3 PRODUCTS OFFERED 114
14.10.4 KEY DEVELOPMENTS 114
14.10.5 SWOT ANALYSIS 115
14.10.6 KEY STRATEGIES 115
14.11 JIANGMEN GOODY'S FOOD CO., LTD. 116
14.11.1 COMPANY OVERVIEW 116
14.11.2 FINANCIAL OVERVIEW 116
14.11.3 PRODUCTS OFFERED 116
14.11.4 KEY DEVELOPMENTS 117
14.11.5 SWOT ANALYSIS 118
14.11.6 KEY STRATEGIES 118
15 APPENDIX 119
15.1 REFERENCES 119
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LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 11
TABLE 2 LIST OF ASSUMPTIONS 27
TABLE 3 CHINA FLAVORED SYRUPS MARKET, BY RAW MATERIALS, 2018-2032 (USD MILLION) 54
TABLE 4 CHINA FLAVORED SYRUPS MARKET, BY FLAVOR, 2018-2032 (USD MILLION) 58
TABLE 5 CHINA FLAVORED SYRUPS MARKET, BY FRUITS, 2018-2032 (USD MILLION) 59
TABLE 6 CHINA FLAVORED SYRUPS MARKET, BY CITRUS, 2018-2032 (USD MILLION) 63
TABLE 7 CHINA FLAVORED SYRUPS MARKET, BY HERBS & SPICES, 2018-2032 (USD MILLION) 65
TABLE 8 CHINA FLAVORED SYRUPS MARKET, BY TYPE, 2018-2032 (USD MILLION) 70
TABLE 9 CHINA FLAVORED SYRUPS MARKET, BY CATEGORY, 2018-2032 (USD MILLION) 72
TABLE 10 CHINA FLAVORED SYRUPS MARKET, BY APPLICATION, 2018-2032 (USD MILLION) 74
TABLE 11 CHINA FLAVORED SYRUPS MARKET, BY COMMERCIAL, 2018-2032 (USD MILLION) 77
TABLE 12 CHINA FLAVORED SYRUPS MARKET, BY DISTRIBUTION CHANNEL, 2018-2032 (USD MILLION) 80
TABLE 13 CHINA FLAVORED SYRUPS MARKET, BY FOOD RETAIL/B2C, 2018-2032 (USD MILLION) 83
TABLE 14 CHINA FLAVORED SYRUPS MARKET, BY REGION, 2018-2032 (USD MILLION) 86
TABLE 15 MAJOR PLAYERS IN THE CHINA FLAVORED SYRUP MARKET 89
TABLE 16 PRODUCTION DETAIL BY COMPANIES 89
TABLE 17 PACKAGING FORMAT UTILIZED BY COMPANIES 90
TABLE 18 BEST SELLER IN TERMS OF SIZE 90
TABLE 19 PRICING ANALYSIS BY REGION USD/TON 91
TABLE 20 PROFIT MARGIN BETWEEN MANUFACTURING TO CONSUMER 91
TABLE 21 MAJOR DISTRIBUTION CHANNEL 92
TABLE 22 LIST OF MAJOR SERVICE STORES CHAIN IN CHINA 93
TABLE 23 ZHEJIANG DELTHIN FOOD TECHNOLOGY CO., LTD.: PRODUCTS/SERVICES OFFERED 94
TABLE 24 MONIN: PRODUCTS OFFERED 96
TABLE 25 1883 MAISON ROUTIN: PRODUCTS OFFERED 99
TABLE 26 FABBRI: PRODUCTS OFFERED 101
TABLE 27 DAVINCI GOURMET: PRODUCTS OFFERED 103
TABLE 28 DAVINCI GOURMET: KEY DEVELOPMENTS 104
TABLE 29 TASTECRAFT: PRODUCTS OFFERED 106
TABLE 30 BEIJING STEVIA CO., LTD.: PRODUCTS/SERVICES OFFERED 108
TABLE 31 WUHU HAOYIKUAI FOOD CO., LTD.: PRODUCTS/SERVICES OFFERED 110
TABLE 32 BODUO INTERNATIONAL: PRODUCTS OFFERED 112
TABLE 33 GUANGZHOU HEFS FOOD CO., LTD.: PRODUCTS OFFERED 114
TABLE 34 JIANGMEN GOODY'S FOOD CO., LTD.: PRODUCTS OFFERED 116
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LIST OF FIGURES
FIGURE 1 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY RAW MATERIAL 12
FIGURE 2 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY FLAVOR 13
FIGURE 3 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY TYPE 14
FIGURE 4 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY CATEGORY 15
FIGURE 5 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY APPLICATION 16
FIGURE 6 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY DISTRIBUTION CHANNEL 17
FIGURE 7 CHINA FLAVORED SYRUPS MARKET ANALYSIS BY REGION 18
FIGURE 8 CHINA FLAVORED SYRUP MARKET: STRUCTURE 20
FIGURE 9 BOTTOM-UP AND TOP-DOWN APPROACHES 25
FIGURE 10 MARKET DYNAMIC ANALYSIS OF THE CHINA FLAVORED SYRUP MARKET 29
FIGURE 11 DRIVER IMPACT ANALYSIS 32
FIGURE 12 RESTRAINT IMPACT ANALYSIS 33
FIGURE 13 VALUE CHAIN: CHINA FLAVORED SYRUP MARKET 40
FIGURE 14 SUPPLY CHAIN: CHINA FLAVORED SYRUP MARKET 43
FIGURE 15 PORTER'S FIVE FORCES MODEL: CHINA FLAVORED SYRUP MARKET 46
FIGURE 16 CHINA FLAVORED SYRUPS MARKET, BY RAW MATERIALS, 2020 TO 2032 (USD MILLION) 53
FIGURE 17 CHINA FLAVORED SYRUPS MARKET, BY FLAVOR, 2020 TO 2032 (USD MILLION) 58
FIGURE 18 CHINA FLAVORED SYRUPS MARKET, BY TYPE, 2020 TO 2032 (USD MILLION) 70
FIGURE 19 CHINA FLAVORED SYRUPS MARKET, BY CATEGORY, 2020 TO 2032 (USD MILLION) 72
FIGURE 20 CHINA FLAVORED SYRUPS MARKET, BY APPLICATION, 2020 TO 2032 (USD MILLION) 74
FIGURE 21 CHINA FLAVORED SYRUPS MARKET, BY APPLICATION, 2020 TO 2032 (USD MILLION) 80
FIGURE 22 CHINA FLAVORED SYRUPS MARKET, BY REGION, 2020 TO 2032 (USD MILLION) 86
FIGURE 23 BENCHMARKING OF MAJOR COMPETITORS 88
FIGURE 24 ZHEJIANG DELTHIN FOOD TECHNOLOGY CO., LTD.: SWOT ANALYSIS 95
FIGURE 25 MONIN: SWOT ANALYSIS 98
FIGURE 26 1883 MAISON ROUTIN: SWOT ANALYSIS 100
FIGURE 27 FABBRI: SWOT ANALYSIS 102
FIGURE 28 DAVINCI GOURMET: SWOT ANALYSIS 104
FIGURE 29 TASTECRAFT: SWOT ANALYSIS 107
FIGURE 30 BEIJING STEVIA CO., LTD.: SWOT ANALYSIS 109
FIGURE 31 WUHU HAOYIKUAI FOOD CO., LTD.: SWOT ANALYSIS 111
FIGURE 32 BODUO INTERNATIONAL: SWOT ANALYSIS 113
FIGURE 33 GUANGZHOU HEFS FOOD CO., LTD.: SWOT ANALYSIS 115
FIGURE 34 JIANGMEN GOODY'S FOOD CO., LTD.: SWOT ANALYSIS 118
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