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
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Chocolate Syrup Market, by Type
1.4.2 LAMEA Chocolate Syrup Market, by Distribution Channel
1.4.3 LAMEA Chocolate Syrup Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Chocolate Syrup Market by Type
3.1 LAMEA Conventional Market by Country
3.2 LAMEA Organic Market by Country
Chapter 4. LAMEA Chocolate Syrup Market by Distribution Channel
4.1 LAMEA B2C Market by Country
4.2 LAMEA Chocolate Syrup Market by B2C Type
4.2.1 LAMEA Hypermarkets/Supermarkets Market by Country
4.2.2 LAMEA Convenience Stores Market by Country
4.2.3 LAMEA Specialty Stores Market by Country
4.2.4 LAMEA Online Market by Country
4.3 LAMEA B2B Market by Country
Chapter 5. LAMEA Chocolate Syrup Market by Country
5.1 Brazil Chocolate Syrup Market
5.1.1 Brazil Chocolate Syrup Market by Type
5.1.2 Brazil Chocolate Syrup Market by Distribution Channel
5.1.2.1 Brazil Chocolate Syrup Market by B2C Type
5.2 Argentina Chocolate Syrup Market
5.2.1 Argentina Chocolate Syrup Market by Type
5.2.2 Argentina Chocolate Syrup Market by Distribution Channel
5.2.2.1 Argentina Chocolate Syrup Market by B2C Type
5.3 UAE Chocolate Syrup Market
5.3.1 UAE Chocolate Syrup Market by Type
5.3.2 UAE Chocolate Syrup Market by Distribution Channel
5.3.2.1 UAE Chocolate Syrup Market by B2C Type
5.4 Saudi Arabia Chocolate Syrup Market
5.4.1 Saudi Arabia Chocolate Syrup Market by Type
5.4.2 Saudi Arabia Chocolate Syrup Market by Distribution Channel
5.4.2.1 Saudi Arabia Chocolate Syrup Market by B2C Type
5.5 South Africa Chocolate Syrup Market
5.5.1 South Africa Chocolate Syrup Market by Type
5.5.2 South Africa Chocolate Syrup Market by Distribution Channel
5.5.2.1 South Africa Chocolate Syrup Market by B2C Type
5.6 Nigeria Chocolate Syrup Market
5.6.1 Nigeria Chocolate Syrup Market by Type
5.6.2 Nigeria Chocolate Syrup Market by Distribution Channel
5.6.2.1 Nigeria Chocolate Syrup Market by B2C Type
5.7 Rest of LAMEA Chocolate Syrup Market
5.7.1 Rest of LAMEA Chocolate Syrup Market by Type
5.7.2 Rest of LAMEA Chocolate Syrup Market by Distribution Channel
5.7.2.1 Rest of LAMEA Chocolate Syrup Market by B2C Type
Chapter 6. Company Profiles
6.1 Nestle S.A.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Product Launches and Product Expansions:
6.2 The Hershey Company (Hershey Trust Company)
6.2.1 Company overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Acquisition and Mergers:
6.3 The Kroger Co.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.4 The J.M Smucker Company
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 R. Torre & Co. (Torani)
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches and Product Expansions:
6.6 Bosco Products, Inc.
6.6.1 Company Overview
6.7 Hollander Chocolate, Inc.
6.7.1 Company Overview
6.8 Walden Farms, LLC (PANOS Brands)
6.8.1 Company Overview
6.9 Noushig, Inc. (Amoretti)
6.9.1 Company Overview
6.10. Gold Pure Food Products Co., Inc.
6.10.1 Company Overview
TABLE 1 LAMEA Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Conventional Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Conventional Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Organic Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Organic Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 10 LAMEA Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 11 LAMEA B2C Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA B2C Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 14 LAMEA Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 15 LAMEA Hypermarkets/Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Hypermarkets/Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Specialty Stores Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Specialty Stores Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Online Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Online Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA B2B Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA B2B Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Chocolate Syrup Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Chocolate Syrup Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 28 Brazil Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 29 Brazil Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 30 Brazil Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 31 Brazil Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 32 Brazil Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 33 Brazil Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 34 Brazil Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 35 Argentina Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 36 Argentina Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 37 Argentina Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 38 Argentina Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 39 Argentina Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Argentina Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Argentina Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 42 Argentina Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 43 UAE Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 44 UAE Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 45 UAE Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 46 UAE Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 47 UAE Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 UAE Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 UAE Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 50 UAE Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 59 South Africa Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 60 South Africa Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 61 South Africa Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 62 South Africa Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 63 South Africa Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 South Africa Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 South Africa Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 66 South Africa Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 67 Nigeria Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 68 Nigeria Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 69 Nigeria Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 70 Nigeria Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 71 Nigeria Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 Nigeria Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 Nigeria Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 74 Nigeria Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA Chocolate Syrup Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA Chocolate Syrup Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Chocolate Syrup Market by Type, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Chocolate Syrup Market by Type, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Chocolate Syrup Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Chocolate Syrup Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Chocolate Syrup Market by B2C Type, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Chocolate Syrup Market by B2C Type, 2022 - 2028, USD Million
TABLE 83 Key Information – Nestle S.A.
TABLE 84 Key Information –The Hershey Company
TABLE 85 Key information – The Kroger Co.
TABLE 86 Key Information – The J.M Smucker Company
TABLE 87 Key Information – R. Torre & Co.
TABLE 88 Key Information – Bosco Products, Inc.
TABLE 89 Key Information – Hollander Chocolate, Inc
TABLE 90 Key Information – Walden Farms, LLC
TABLE 91 Key Information – Noushig, Inc.
TABLE 92 Key Information – Gold Pure Food Products Co., Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Nestlé S.A.