The Chocolate Syrup Global Market Report 2023, provides comprehensive information on the chocolate syrup market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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%.
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Product innovation is a pivotal and burgeoning trend that has captured the limelight in the domain of chocolate syrup. Prominent players in the chocolate syrup market are channeling their expertise and resources towards the development of trailblazing products to fortify their positions in this competitive landscape. A noteworthy exemplar of this forward-looking approach is provided by Enlightened, a prominent US-based manufacturer renowned for its light ice cream, keto ice cream, and no-sugar-added confections.
In August 2021, Enlightened introduced a game-changing addition to the market – a new sugar-free chocolate syrup, offering a low-carb alternative that caters to the evolving preferences of health-conscious consumers. Distinguished by its sweetening agents, erythritol, and monk fruit extract, this innovative syrup eschews traditional sugar, aiming to deliver the same delightful taste and texture as regular chocolate syrup. Remarkably, it boasts an impressive profile with a mere 1 gram of net carbs per serving, a stark contrast to the 12 grams of net carbs and 10 grams of sugar typically found in conventional chocolate syrups.
Enlightened’s low-carb chocolate syrup serves as a paradigm shift in the market, underscoring the industry’s commitment to providing health-conscious consumers with delectable yet healthier alternatives. This innovation is emblematic of the broader global shift towards better-for-you products and dietary choices. As the market continues to evolve, it is poised to cater to the diverse and dynamic demands of consumers, delivering solutions that align with contemporary health and wellness priorities, while indulging the palate with the timeless joy of chocolate syrup. This transformative approach reflects a potent fusion of culinary artistry and nutritional science, promising a delectable and healthier future for chocolate enthusiasts.
The 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)
Top Major Players
The Hershey Company
Nestlé S.A
Bosco Products Inc.
The J.M. Smucker Company
Walden Farms
Asia-Pacific was the largest region in the chocolate syrup market in 2022.
The table of contents in TBRC’s chocolate syrup market report includes:
1. Executive Summary
2. Chocolate Syrup Market Characteristics
3. Chocolate Syrup Market Trends And Strategies
4. Chocolate Syrup Market – Macro Economic Scenario
5. Chocolate Syrup Market Size And Growth
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26. Africa Chocolate Syrup Market
27. Chocolate Syrup Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Chocolate Syrup Market
29. Chocolate Syrup Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Chocolate Syrup Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Chocolate Syrup Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Chocolate Syrup Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: The Hershey Company Financial Performance
Table 47: Nestlé S.A. Financial Performance
Table 48: Bosco Products Inc. Financial Performance
Table 49: The J.M. Smucker Company Financial Performance
Table 50: Walden Farms Financial Performance
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