LAMEA 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

Market Report Description

The Latin America, Middle East and Africa Chocolate Syrup Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).

Cocoa powder is one of the highly cultivated farm produce. This is mainly because of the increasing demand for chocolate products all across the world. Many regions that excel in producing cocoa powder make it a primary industry in their areas. The nation produced approximately 65174 million tons (MT) of cocoa in a total of 194,428 hectares of planted area in 2021.

Additionally, the nation is known for growing fine or flavor cocoa which has also been acknowledged by the International Cacao Organization. The massive cocoa production has established the nation as a major exporter of cocoa as well, as, in 2021, the cocoa export was around 26,256 MT. With the increased penetration of internet connectivity and globalization, a massive change has also taken place in the ways people consume food.

The increasing trends of gourmet cuisines and other regional foods have raised the demand for products that the consumer can use in the preparation of these meals. Consequently, the demand for chocolate syrup is increasing to complement the growing consumption of confectionaries like cakes, pastries, and pancakes. Consumers are looking for high-quality chocolate syrups in numerous different flavors.

Africa is already well known for its massive production of cocoa beans, for which mainly four West African nations are accountable. These include the Ivory Coast, Ghana, Cameroon, and Nigeria. In general, cocoa production has increased immensely all across this region. While the growth of the cocoa area led to more outstanding production throughout this time period, more cocoa would now come from a higher yield per hectare.

The Brazil market dominated the LAMEA Chocolate Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $216.5 million by 2028. The Argentina market is experiencing a CAGR of 6.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Chocolate Syrup Market is Predict to reach $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 Type

• Conventional
• Organic

By Distribution Channel

• B2C
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
• B2B

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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.