Global Lychee Syrup Market Insights Forecasts to 2033

• The Global Lychee Syrup Market Size was Valued at USD 528.5 Million in 2023
• The Market Size is Growing at a CAGR of 6.20% from 2023 to 2033
• The Worldwide Lychee Syrup Market Size is Expected to Reach USD 964.7 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Lychee Syrup Market Size is Anticipated to Exceed USD 964.7 Million by 2033, Growing at a CAGR 6.20% from 2023 to 2033.

Market Overview

Lychee (Litchi chinensis Sonn), growing in Southern Guangdong State for thousands of years, is a major sub-tropical evergreen fruit crop that belongs to the Sapindaceae family. It is thought to have originated in China. Because of its extreme climatic needs, its production is probably limited to a small number of regions worldwide. The lychee plant was brought to India in the eighteenth century via Burma, and it quickly expanded throughout the region. Although they are mostly sold domestically, China and India produce 91% of the lychees produced worldwide. India produces 428,900 metric tonnes of lychee per year from 56,200 hectares. The market for lychee syrup is experiencing significant growth, driven primarily by the tropical and exotic tastes that are becoming more and more common in cuisines around the world. The demand for products with lychee flavor is rising as consumers look for more distinctive and varied flavor sensations. Additionally, several elements are advantageous for the health-related Lychee is beneficial to liver, brain, and heart function. Furthermore, it works well against conditions including obesity, diabetes, and cancer. The antioxidant action of it can guard against harm from free radicals.

Report Coverage

This research report categorizes the market for the lychee syrup market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the lychee syrup market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the lychee syrup market.

Driving Factors

The market is significantly driven by the growth of the food and beverage industry, particularly in areas including hospitality and specialty drinks. To draw in consumers, bars, and restaurants are always experimenting with their menus, and lychee syrup is a common addition to specialty beverages and high-end menu products. Due to its frequent use as a flavoring element in bubble tea and other Asian-inspired drinks, lychee syrup is becoming more and more in demand.

Restraining Factors

Lychee syrup may cause an allergic reaction. Overindulging in litchi can result in breathing difficulties, swelling, itching, and redness which is hindering the market.

Market Segmentation

The lychee syrup market share is classified into nature, packaging, and distribution channel.

• The conventional segment accounted for the largest revenue share over the forecast period.

Based on the nature, the lychee syrup market is categorized into organic and conventional. Among these, the conventional segment accounted for the largest revenue share over the forecast period. The conventional lychee syrup market is growing due to the increased demand for exotic and tropical fruit flavors in the food and beverage industry. Lychee, with its sweet and flowery flavor profile, has grown in popularity.

• The bottles segment is anticipated to grow at the highest CAGR during the forecast period.

Based on the packaging, the lychee syrup market is categorized into bottles, cans, and others. Among these, the bottles segment is anticipated to grow at the highest CAGR during the forecast period. This is due to rising consumer demand for convenient and simple-to-use products in both culinary and beverage situations. Bottle packaging is preferred due to its superior storage and preservation properties, which allow the syrup to retain its freshness and flavor over time. Furthermore, bottles have a user-friendly format that allows for exact pouring and dosage, making them suitable for home use, restaurants, and cafés that want to add a consistent lychee taste to their foods and drinks.

• The off-trade segment dominates the market with the highest market share through the forecast period.

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 through the forecast period. The sales through off-trade distribution channels are a broad range of people find lychee syrup appealing due to its availability in supermarkets, retail stores, and online marketplaces, as well as its adaptability in sweets, cocktails, and Asian-inspired meals. Additionally, off-trade sales are being greatly increased by the surge in home mixology and cookery trends, which are being amplified by social media effects.

Regional Segment Analysis of the Lychee Syrup Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the lychee syrup market over the predicted timeframe.

North America is projected to hold the largest share of the lychee syrup market over the forecast period. The need for distinctive ingredients in cocktails and culinary creations and the growing trend toward health-conscious eating are the main factors driving the lychee syrup market in North America. Other factors contributing to this growth include customer interest in exotic and premium flavors. Lychee syrup, with its flowery and sweet flavor profile, has become more popular in dessert and beverage applications as consumers are seeking new and interesting taste sensations. This has led to the expansion of the lychee syrup market.

Asia Pacific is expected to grow at the fastest CAGR growth in the lychee syrup market during the forecast period. This rapid growth is driven by several factors including the demand for lychee syrup in the region's preference for fruit-based flavorings and sweeteners in both traditional and modern cooking, and even by the growing interest in innovative mixology and beverage creation, where lychee syrup is prized for its distinct and restoring flavor profile in drinks.

Europe region is witnessing significant growth in the lychee syrup market. The European lychee market is also heavily impacted by the biofuel sector. With its natural sweetness and exotic flair, lychee syrup satisfies the growing need among European customers for distinctive, premium ingredients to elevate their culinary experiences. Furthermore, customers now have easier access to the opportunity to experiment with specialized products including lychee syrup because of the growth of gourmet food markets and specialty stores in Europe.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the lychee syrup market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, McDonald's launched lychee milkshakes in Japan as part of its new Asian Sweets portfolio, even though the chain's dessert products frequently include a Japanese aspect.

• In September 2023, Monin, a French syrup company, launched construction on its first manufacturing factory in India. The plant would span 40 acres and cost 300 crore. The new plant, which is projected to be operational by 2025, would help Monin's expansion strategy in India, where the consumption of flavored syrups and beverages has increased significantly.

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