Global Chocolate Syrup Market Segments 2024, Forecast To 2033
5 Mar, 2024
The chocolate syrup market exhibited steady growth, reaching $7.07 billion in 2023 and $7.37 billion in 2024, with a 4.3% CAGR. Historical growth factors include the invention of chocolate syrup, industrialization, and marketing initiatives. Expected to grow to $8.69 billion in 2028, the forecast period emphasizes health consciousness, expansion into emerging markets, and sustainability initiatives, with trends like functional variants and plant-based varieties shaping the market.
Global Chocolate Syrup Market Key Driver
The growth of chocolate syrup market is anticipated with the increased number of coffee shops and cafes. Chocolate syrup adds a delightful flavor to coffee, sweetening and enhancing its creaminess. Notably, in the UK, there are over 8,000 coffee shops, with approximately 16% of customers visiting daily and 80% at least once a week. The total number of coffee shops in the UK reached 9,540 outlets in 2021, indicating a 3.5% growth rate. This surge in coffee shops and cafes is a driving force behind the chocolate syrup market.
Get A Free Sample Of The Global Chocolate Syrup Market ReportGlobal Chocolate Syrup Market Segments
The chocolate syrup market covered in this report 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)
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the chocolate syrup market in 2023. Asia-Pacific is expected to be the fastest-growing region in the chocolate syrup market report during the forecast period. The regions covered in the chocolate syrup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Chocolate Syrup Industry Players
The Hershey Company; Nestlé S.A.; Bosco Products Inc.; The J.M. Smucker Company; Walden Farms International Inc.; Amoretti Brothers LLC; Gold Pure Food Products Co.; Hollander Chocolate Company; Ah!Laska Inc.; Torani Inc.; American Garden; Sonoma Syrup Co.; Monin Inc.; DaVinci Gourmet LLC; Santa Cruz Natural Incorporated; The Kroger Company; Beyond Better Foods LLC; Ghirardelli Chocolate Company; Stonewall Kitchen LLC; Fox's U-Bet Co.; Sanders Candy LLC; King's Cupboard; R. Torre & Company Inc.; The Wilbur Chocolate Company; The Chocolate Shoppe; Mars Inc.; Cargill Inc.; Blommer Chocolate Company; Puratos Group; Guittard Chocolate Company
Get The Full Global Chocolate Syrup Market Report
AIOps Chocolate 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.