Establishments primarily engaged in manufacturing flavoring extracts, syrups, powders, and related products, not elsewhere classified, for soda fountain use or for the manufacture of soft drinks, and colors for bakers'and confectioners'use. Establishments primarily engaged in manufacturing chocolate syrup are classified in Industry 2066.
The flavoring extracts and flavoring syrups industry (NAICS 2087) has been experiencing several notable qualitative trends. One significant trend is the growing consumer demand for natural and organic products. This reflects a broader health and wellness movement where consumers are more conscious about the ingredients in their food and beverages. As a result, companies are focusing on sourcing natural ingredients and reducing artificial additives in their products.
Another key trend is the increasing popularity of exotic and unique flavor profiles. Consumers, particularly in younger demographics, are seeking new and adventurous taste experiences. This has led to a surge in the development of flavors inspired by global cuisines and traditional herbs and spices.
Moreover, there is a heightened emphasis on sustainability and ethically sourced ingredients. Businesses are investing in eco-friendly practices and transparent supply chains to meet the preference for sustainable consumption. This includes sustainable farming practices, fair trade certifications, and reduced environmental impact in production processes.
Looking to the near future, it is forecasted that these trends will continue to drive innovation in the industry. We can expect to see more product launches featuring clean labels, transparency in ingredient sourcing, and a broader array of unique, globally-inspired flavors. Additionally, technological advancements in flavor creation and natural extraction methods are likely to further enhance product offerings and drive market growth.
Beverage bases
Bitters (flavoring concentrates)
Burnt sugar (food color)
Cocktail mixes, nonalcoholic
Coffee flavorings and syrups
Colors for bakers'and confectioners'use, except synthetic
Cordials, nonalcoholic
Drink powders and concentrates
Flavoring concentrates
Flavoring extracts, pastes, powders, and syrups
Food colorings, except synthetic
Food glace, for glazing foods
Fruit juices, concentrated: for fountain use
Fruits, crushed: for soda fountain use
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