Global Lychee Syrup Market Size To Worth USD 964.7 Million By 2033 | CAGR OF 6.20%
Category: Food & BeveragesGlobal Lychee Syrup Market Size To Worth USD 964.7 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Lychee Syrup Market Size is to Grow from USD 528.5 Million in 2023 to USD 964.7 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 6.20% during the projected period.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Lychee Syrup Market Size, Share, and COVID-19 Impact Analysis, By Nature (Organic and Conventional), By Packaging (Bottles, Cans, and Others), By Distribution Channel (On-Trade and Off-Trade), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/lychee-syrup-market
The lychee (Litchi chinensis Sonn), a significant sub-tropical evergreen fruit crop in the Sapindaceae family, has been grown in Southern Guangdong State for thousands of years. China is regarded as its birthplace. Its production is probably restricted to a few areas of the world due to its severe climate requirements. In the eighteenth century, the lychee plant was introduced to India through Burma, and it soon spread throughout the region. China and India produce 91% of the lychees produced worldwide, even though they are primarily sold domestically. India grows 428,900 metric tonnes of lychee on 56,200 hectares annually. Because tropical and exotic flavors are getting more and more popular, the lychee syrup market is expanding significantly. The expansion of the food and beverage sector, notably in the hospitality and specialty drink sectors, is another major factor driving the market. Bars and restaurants frequently experiment with their menus to entice customers, and lychee syrup is a popular addition to specialty drinks and upscale food options. An allergy response could result from lychee syrup. Overindulgence in litchi can cause swelling, itching, redness, and breathing issues, which are detrimental to the market.
The conventional segment accounted for the largest revenue share of the lychee syrup market during the projected timeframe.
Based on the nature, the lychee syrup market is divided into organic and conventional. Among these, the conventional segment accounted for the largest revenue share of the lychee syrup market during the projected timeframe. Because of the growing demand for exotic and tropical fruit flavors in the food and beverage industry, the market for conventional lychee syrup is expanding. With its flowery and sweet flavor character, lychee has become more and more popular.
The bottles segment is anticipated to grow at the highest CAGR of the lychee syrup market during the projected timeframe.
Based on the packaging, the lychee syrup market is divided into bottles, cans, and others. Among these, the bottles segment is anticipated to grow at the highest CAGR of the lychee syrup market during the projected timeframe. This is a result of growing customer demand for goods that are easy to use and convenient in both drinking and culinary contexts. Because bottle packaging has better preservation and storage qualities and keeps the syrup's flavor and freshness longer, it is recommended. Additionally, bottles are ideal for home use, restaurants, and cafés who wish to add a constant lychee taste to their foods and drinks because of their user-friendly format, which allows for precise pouring and dosing.
The off-trade segment dominates the market with the highest market share of the lychee syrup market during the projected timeframe.
Based on the distribution channel, the lychee syrup market is categorized into on-trade and off-trade. Among these, the off-trade segment dominates the market with the highest market share of the lychee syrup market during the projected timeframe. Due to its accessibility in supermarkets, retail establishments, and online marketplaces, along with its versatility in desserts, mixed drinks, and Asian-inspired cuisine, lychee syrup is appreciated among a wide variety of consumers through off-trade distribution channels. Furthermore, the rise in home mixology and cooking trends which are being exacerbated by social media effects is significantly increasing off-trade sales.
North America is expected to hold the largest share of the lychee syrup market over the forecast period.
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North America is expected to hold the largest share of the lychee syrup market over the forecast period. The primary drivers propelling the lychee syrup market in North America are the growing trend toward health-conscious eating and the demand for unique ingredients in utilizes and culinary creations. The desire for premium and unique flavors among consumers is one of the other elements driving this growth. Due to consumer demand for novel and intriguing flavors, lychee syrup, with its flowery and sweet taste, has grown in popularity for dessert and beverage applications. As a result, the demand for lychee syrup has grown.
Asia Pacific is predicted to grow at the fastest pace in the lychee syrup market during the projected timeframe. Lychee syrup is in high demand due to the region's preference for fruit-based flavorings and sweeteners in both traditional and modern cooking. Its distinctive and refreshing flavor profile is highly valued in creative mixology and beverage creation, which is another factor contributing to its rapid growth. Many Asian nations appreciate the popular fruit lychee.
Europe region is witnessing significant growth in the lychee syrup market. The biofuel industry has a significant impact on the European lychee market as well. Lychee syrup meets the growing need of European consumers for unique, high-quality ingredients to enhance their culinary experiences with its naturally sweet taste and unusual flair. Additionally, the expansion of specialty shops and gourmet food markets around Europe has made it simpler for consumers to try out novel products including lychee syrup.
Major vendors in the lychee syrup market are Monin Inc., Torani, DaVinci Gourmet, Sonoma Syrup Co., Giffard, Sweetbird, Reàl Cocktail Ingredients, Teisseire, B.G. Reynolds, GREEN WORLD IMPORT EXPORT CO., LTD, 1883 Maison Routin, and others., and others.
Recent Developments
- In June 2024, In Japan, McDonald's introduced lychee milkshakes as part of its new Asian Sweets line, even though the chain usually incorporates Japanese elements into its dessert offerings.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the lychee syrup market based on the below-mentioned segments:
Global Lychee Syrup Market, By Nature
- Organic
- Conventional
Global Lychee Syrup Market, By Packaging
- Bottles
- Cans
- Others
Global Lychee Syrup Market, By Distribution Channel
- On-Trade
- Off-Trade
- Hypermarkets/Supermarkets
- Online
- Others
Global Lychee Syrup Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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