Chocolate Syrup Market Analysis: Major Players, Lucrative Segments And Top Geographies
6 Jun, 2023
The global chocolate syrup market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global chocolate syrup market size is expected to reach $8.28 billion in 2027 at a CAGR of 4.0%.
Global Chocolate Syrup Market Key Driver
The rising number of coffee shops and cafes is predicted to promote the growth of the chocolate syrup industry in the future. Coffee shops and cafes are eateries that sell baked pastries, small meals, and other beverages in addition to coffee. Chocolate syrup is used in coffee shops and cafes to add a delicious and distinct flavour to beverages such as coffee. Furthermore, chocolate syrup sweetens and boosts the creaminess of a cup of coffee, and its rich flavour accentuates the beverage's intrinsic flavour.
Get a sample of the global chocolate syrup market reportGlobal Chocolate Syrup Market Segments
The global chocolate syrup market is segmented:
1) By Type: Conventional, Organic
2) By Application: Household Or Retail, Food Service, Food Processing
3) By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Specialty Stores, Online, Business-To-Business (B2B)
4) By Geography: The regions covered in the chocolate syrup market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global chocolate syrup market.
Major Chocolate Syrup Industry Players
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, Torani, American Garden, Sonoma Syrup Co., Monin Inc., DaVinci Gourmet, Santa Cruz Natural Incorporated
Get the full global chocolate syrup market reportChocolate Syrup Market Overview
Chocolate syrup refers to a sweet condiment with a chocolate flavor and it is made with unsweetened cocoa, sugar, and water. It is used as a sauce or topping in different desserts to enhance flavor.
Chocolate Syrup Global Market Report 2023 provides data on the global chocolate syrup market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chocolate syrup market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.