The Global Chocolate Syrup Market is worth USD xx million in 2017 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2022. The global Chocolate Syrup Market is developing at an exceptionally quick pace.
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Chocolate syrup is a sweet, chocolate-flavored sauce. It is commonly used for various desserts like ice cream as dessert sauce or topping. It is also used to make chocolate milk and chocolate milkshake. Chocolate syrup is available in a variety of forms, ranging from a thin liquid that can be drizzled from a bottle to a thick sauce that needs to be spooned onto the dessert.
The significant drivers are rising use of chocolate syrup as a toppings or flavor enhancer in desserts like ice-cream, pan cakes, coffee and pastries etc. Coffee shops or cafes are one of the largest consumer for chocolate syrup, hence increasing coffee shops are expected to boost the industry. However growing inclination towards healthier food items containing low calorie or low sugar is a major restraint.
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The global Chocolate Syrup market is segmented on the basis of Type, Distribution Channel and region. Based on Type the market is segmented into Conventional and Organic. Conventional Segment had the largest market share and is expected to dominate during the forecast period. Organic Segment is expected to show fastest growth owing to changing consumer preferences. Due to increasing health benefits of organic products, this segment is expected to boost the industry. Based on Distribution Channel the market is segmented into Hypermarket/Supermarket, Convenience Stores, Specialty Outlet, Grocery Stores and Online Retailing. Hypermarket/Supermarket dominates the market, whereas Online Retailing is expected to show significant growth owing to increasing internet connections and rising preference for online shopping.
Geographically, the Global Chocolate Syrup market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Europe is expected to have the largest share followed by North America. Asia Pacific is expected to witness considerable growth during the forecast period.
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Nestlé , R. Torre & Co. (Torani) , Hershey , The J.M. Smucker Company American Garden , Amoretti , Bosco Products, DaVinci Gourmet , H. Fox & Co. , Monin , Sonoma Syrup and Tropicana Slim are the key players in the global Chocolate Syrup market.
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