Global Chocolate Syrup Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Chocolate Syrup Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global chocolate syrup market report has been segmented on the basis of type, distribution channel, and region.

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Global Chocolate Syrup Market: Overview

Chocolate is used as a flavoring element in several food products which includes milkshakes, ice creams, cakes, and others. Chocolate syrup or chocolate flavored condiment is used as a dessert sauce or topping in several desserts. This syrup is prepared using cocoa powder, sugar base, corn syrup, artificial or natural flavorings, and water.

Global Chocolate Syrup Market: Dynamics

Growing awareness related to health benefits related to consumption of chocolate syrup among consumer such as an energy source, anti-aging, antioxidant, and stress suppressant properties of chocolate syrup is major factor estimated to drive growth of the global market. In addition, increasing number of coffee shops and cafes in developing economies is projected to drive growth of the global market in the near future. Increasing use of chocolate syrup as a flavor enhancer in tea, coffee, cakes, milkshakes, and others is projected to support the market growth in the near future. Moreover, rising demand for organic and natural and sweetener products in food and beverages industry, coupled with changing food consumption habits and rising disposable income of individuals are some other factors projected to drive growth of the target market in the near future.

However, overconsumption of chocolate syrup can lead to various health problems including obesity, diabetes, respiratory disorders, heart ailments, anxiety, etc. which is a factor projected to hamper growth of the global chocolate syrup market

Global Chocolate Syrup Market: Segment Analysis

Among the type segments, the conventional segment is estimated to account for major revenue contribution in the global market. The organic segment is projected to register significant CAGR in terms of revenue, owing to increasing consumer preference for organic food products.

Among the distribution channel segments, the hypermarket/supermarket segment is projected to register a significant growth rate in the global market. The availability of a wide range of food products in developing countries is estimated to drive growth of the segment.

Global Chocolate Syrup Market: Region Analysis

North America market is projected to account for the largest market share in terms of revenue and is estimated to maintain its dominance in the upcoming years. Rising awareness regarding the health benefits of chocolate syrup among consumers and high demand for chocolate syrup in festive seasons are projected to drive growth of North America chocolate syrup market.

Europe market is projected to account for second-highest share in terms of revenue in the market over the forecast period. Growing consumer inclination towards organic chocolate syrup is projected to support growth of the Europe chocolate syrup market in the forthcoming year.

Asia Pacific market is anticipated to register the highest growth rate in the global market in the upcoming years. Increasing demand for chocolate flavored products is projected to drive growth of the market in the Asia Pacific.

Global Chocolate Syrup Market Segmentation:

Segmentation by type:

Organic
Conventional

Segmentation by distribution channel:

hypermarket/supermarket
convenience stores
specialty outlet
grocery stores
online retailing