Asia Pacific Chocolate Syrup Market Size, Share & Industry Trends Analysis Report By Type (Conventional and Organic), By Distribution Channel (B2C and B2B), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Chocolate Syrup Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
The benefits of chocolate syrup mainly come from the cacao present in it. Cacao is obtained from cocoa beans and is a good source of flavanols. Flavanols or anti-oxidants help in lowering blood pressure and inflammation and improve the flow of blood to the brain and heart. These further help in the formation of blood contains. Manufacturers have developed processes that allow these benefits of cacao to be carried into the syrup, making it healthier.
Additionally, flavanols also help in reducing free radicals, lowering bad cholesterol, reducing insulin resistance, increasing microbiome diversity, and improving the brain’s capability to form more connections between neurons. The increasing awareness of the benefits obtained from flavanols has propelled the consumption of chocolate syrup. As a result, many consumers prefer to add chocolate syrups to drinks and desserts.
There are a number of growth opportunities for the chocolate syrup market in the Asia Pacific region. In the past few years, the demand for chocolate confectioneries has grown in many emerging economies owing to increasing consumer expenditure on outdoor eateries and western sweets, mainly chocolate-based products. Additionally, the market is being propelled by awareness of the health benefits of cocoa, including its role in healthy aging and polyphenol content, in industrialized nations like Japan and Australia.
The China market dominated the Asia Pacific Chocolate Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,175.7 million by 2028. The Japan market is estimated to grow a CAGR of 3.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5% during (2022 - 2028).
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on B2C Type, the market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Chocolate Syrup Market is Projected to reach USD 11.1 Billion by 2028, at a CAGR of 4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., The Hershey Company (Hershey Trust Company), The Kroger Co., The J.M Smucker Company, R. Torre & Co. (Torani), Bosco Products, Inc., Hollander Chocolate, Inc., Walden Farms, LLC (PANOS Brands), Noushig, Inc. (Amoretti), and Gold Pure Food Products Co., Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Convenience Stores
- Specialty Stores
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Nestle S.A.
- The Hershey Company (Hershey Trust Company)
- The Kroger Co.
- The J.M Smucker Company
- R. Torre & Co. (Torani)
- Bosco Products, Inc.
- Hollander Chocolate, Inc.
- Walden Farms, LLC (PANOS Brands)
- Noushig, Inc. (Amoretti)
- Gold Pure Food Products Co., Inc.
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