The global cocktail syrups market was valued at USD 1.3 billion in 2021 and is expected to register a CAGR of 7.3% during the forecast period from 2022 to 2030. The growing demand for convenience and innovative ready-to-drink cocktails has propelled the demand for cocktail syrups. Furthermore, the demand for cocktail syrups is also driven by the rising consumer preference for natural and low-calorie drinks. Additionally, the rising trend of consuming cocktails in bars and restaurants is driving the market growth.

Manufacturers are introducing naturally flavored syrups with reduced sugar levels to cater to the needs of health-conscious consumers. For instance, in April 2021, Monin launched a reduced sugar range with 40% less sugar than traditional syrups. The range includes flavors such as Vanilla, Caramel, and Hazelnut. Additionally, a growing number of bars and restaurants are using flavored syrup as an alternative to sugar and other sweeteners. This is expected to help drive the market during the forecast period.

The growth in the foodservice industry is fueling the demand for cocktail syrups, as the product is widely used to make cocktails. Additionally, the increasing number of cocktail bars and restaurants is expected to surge the demand for the product. For instance, in April 2021, The London Cocktail Club opened its first bar in Dubai. Furthermore, the growing trend of socializing and drinking cocktails is also driving the market growth.

In addition, the introduction of new flavors by companies is also driving the market growth. For instance, in December 2020, Monin launched three new flavors, namely, Tequila Lime, Watermelon, and Pomegranate. Moreover, the package innovation by companies is also contributing to the growth of the market. For instance, in June 2020, Monin launched a ready-to-drink syrup with a built-in spout to reduce waste. The product is available in flavors such as Vanilla, Caramel, and Hazelnut.

Moreover, the growing trend of online shopping is propelling the growth of the market. The increasing number of e-commerce websites is offering various discounts and offers, thereby driving the market. Furthermore, the availability of a wide variety of cocktail syrups is driving the demand for the product. For instance, in June 2020, Torani launched a new range of syrups, including Lavender, Honeycomb, and Blackberry. This is expected to further drive the market during the forecast period.

The flavored syrups segment held the largest share of the market in 2022, and accounted for a share of around 32.3%. Increasing organic food consumption and the growing demand for natural flavorings are some of the key factors driving the flavored syrups market growth. According to an article published by Food Business News, in June 2020, the sales of organic food in the U.S. rose by 4.3% in 2019 due to the increasing health awareness among consumers. Furthermore, the growing demand for natural and vegan-friendly ingredients and the presence of key players offering organic syrups is propelling the growth of the flavored syrups segment.

The organic syrups segment is anticipated to expand at the fastest CAGR of 7.7% over the forecast period. Rising demand for organic food and beverages, increasing awareness regarding the health benefits of organic syrups, and the emergence of various organic syrup brands are some of the key factors driving the organic syrups market growth. According to an article published by the Organic Trade Association, in October 2020, the sales of organic food and beverages in the U.S. rose by 11.4% in 2019, which is expected to further drive the market growth.

The supermarkets and hypermarkets segment is estimated to account for the largest market share of 37.7% in 2022. Supermarkets & hypermarkets are the most preferred channel for purchasing cocktail syrups as these stores offer a wide range of product options. Moreover, these stores provide a great shopping experience with a wide range of products at competitive prices. According to a study by the Food Institute in 2020, consumers prefer supermarkets & hypermarkets for purchasing sweetened beverages and other food items.

The online segment is expected to expand at the highest CAGR of 13.7% during the forecast period. The growth of this segment can be attributed to the rising penetration of the internet and increasing preference for online shopping among consumers. Online stores offer a wide range of cocktail syrup products and convenience in comparison to traditional stores. In addition, online stores provide discounts and offers on cocktail syrup products. For instance, in January 2022, Amazon.com offered discounts on different flavors of cocktail syrups.

The organic segment accounted for the largest revenue share of 73.2% in the year 2022. The rising demand for organic products among health-conscious consumers has led to the growth of the organic segment. The increased awareness regarding the safety of organic products is driving the demand for various organic products such as cocktail syrups. Furthermore, the growing availability of organic cocktail syrups in various retail stores is encouraging more customers to try these products.

The conventional segment is expected to grow at the highest CAGR of 7.5% over the forecast period. The rising popularity of flavored syrups among consumers is driving the sales of conventional syrups. The availability of various flavors of conventional syrups in the market is making them more attractive to customers. Furthermore, the availability of affordable prices of conventional syrups is encouraging customers to purchase them.

The market in North America is expected to account for the largest revenue share in 2022. The region is home to a large number of cocktail bars, cafes, and restaurants, which is expected to drive the demand for cocktail syrups in the region. In addition, consumers in the region are increasingly opting for premium and flavored syrups, which is further expected to propel the growth of the market. For instance, in August 2021, Monin launched a range of flavored syrups, including gingerbread, marshmallow, and blueberry, in the U.S.

The market in Europe is expected to witness the second-fastest growth in the coming years. The increasing demand for natural and organic cocktail syrups is a key factor driving the growth of the market in the region. For instance, in July 2021, Monin launched a range of natural and organic cocktail syrups, including raspberry, strawberry, and blueberry, in the UK. In addition, the increasing number of bars, cafes, and restaurants is expected to drive the demand for cocktail syrups in Europe.

In this part of the cocktail syrups products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for producing and selling cocktail syrups. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a cocktail syrups products business comes from the sales of syrups, as well as through affiliates, sponsorships and other marketing activities. Here you will find a list with a description of each of them and other possible sources of profit such as sales of merchandise, courses, events and other related items.

Projecting Expenses
In this section, all the regular expenses related to keeping the cocktail syrups products business running will be described. The list of operating expenses includes production costs, packaging costs, shipping costs, advertising and marketing costs, personnel expenses, research and development costs, utilities, and others.

Some of the key companies operating in the cocktail syrups market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In May 2022, The Perfect Puree of Napa Valley launched a new line of cocktail syrups in natural flavors.

– In July 2022, Monin Gourmet Flavorings launched a line of cocktail syrups, including orgeat, grenadine, and falernum.

– In August 2022, Fee Brothers introduced a line of flavored cocktail syrups with natural ingredients.

Some of the prominent players in the cocktail syrups market include:

– The Perfect Puree of Napa Valley
– Monin Gourmet Flavorings
– Fee Brothers
– Bickford Flavors
– R.W. Knudsen Family
– Torani
– Jordan’s Skinny Mixes
– Loon Liquors
– Woodford Reserve
– Reeds’ Syrups

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cocktail syrups market based on product type, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Fruit-based Syrups
– Spice-based Syrups
– Herb-based Syrups
– Natural Syrups

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What Factors are Driving the Demand for Cocktail Syrups?
[A]: The demand for cocktail syrups is driven by factors such as the increasing consumption of alcoholic beverages, the growing popularity of craft drinks, and the rising trend of home-mixing cocktails. The growing trend of cocktail culture and the introduction of flavored syrups is expected to act as a major factor in driving the cocktail syrups market.

[Q]: Who are the Key Players in the Cocktail Syrups Market?
[A]: Some of the key players in the Cocktail Syrups market are Kerry Group, Wild Flavors & Specialty Ingredients, Cargill, Incorporated, Sensient Technologies Corporation, Kerry Group plc, Symrise AG, Zirh International, LLC, Ferrero SpA, and Bickford Flavors.

[Q]: Which Region Offers the Largest Opportunity for Sales of Cocktail Syrups?
[A]: North America is expected to be the largest market for cocktail syrups and is expected to witness growth due to the increasing consumption of alcoholic beverages and the rising popularity of craft drinks.

[Q]: What are the Key Product Types in the Cocktail Syrups Market?
[A]: The key product types in the Cocktail Syrups market are Monin, Fee Brothers, Torani, and Others.