Global Chocolate Syrup Market Size, Drivers, Trends, Opportunities And Strategies – Includes Chocolate Syrup Market Report
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The growing number of coffee shops and cafes is likely to spur innovation in chocolate syrup production, propelling the market during the forecast period.
The global chocolate syrup market is expected to grow from $6.77 billion in 2022 to $7.07 billion in 2023 at a compound annual growth rate (CAGR) of 4,4%. The global chocolate syrup market size is expected to reach $8.28 billion in 2027 at a CAGR of 4.0%.
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Global Chocolate Syrup Market Segments Include:
- By Type: Conventional, Organic
- By Application: Household Or Retail, Food Service, Food Processing
- By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Specialty Stores, Online, Business-To-Business (B2B)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global chocolate syrup market in 2021.
Major Market Players in the chocolate syrup market include The Hershey Company, Nestlé S.A., Bosco Products Inc., The J.M. Smucker Company, Walden Farms, Amoretti, Gold Pure Food Products Co., Hollander Chocolate Co., AH!LASKA.
Product innovation is a crucial trend that is gaining traction in the chocolate syrup industry. To increase their market position, major chocolate syrup firms are focusing on inventing unique products. Enlightened, a US-based manufacturer of light ice cream, keto ice cream, no-sugar-added cheesecakes, and cookie dough, for example, debuted a new sugar-free chocolate syrup as a low-carb syrup option in August 2021. Enlightened’s low-carb chocolate syrup is sweetened with erythritol and monk fruit extract rather than sugar, and it’s meant to taste and feel the same as regular chocolate syrup. It has 1 gramme of net carbs per serving, compared to 12 grammes of net carbs and 10 grammes of sugar in traditional chocolate syrup.
The Chocolate Syrup Global Market Report 2023 provides a chocolate syrup market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The chocolate syrup market forecast analyzes chocolate syrup market size, chocolate syrup market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Chocolate syrup is a chocolate-flavored sweet condiment produced from unsweetened cocoa, sugar, and water. It is used to enhance the flavour of many desserts as a sauce or garnish.
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