Chocolate Syrup Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Chocolate Syrup Market size is expected to reach $24.8 billion by 2031, rising at a market growth of 13.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 972.44 kilo tonnes, experiencing a growth of 6.8% (2020-2023).

The B2B segment is anticipating a CAGR of 13.4% during (2024 - 2031). This segment includes bulk purchases from restaurants, cafes, ice cream parlors, and hotels that use chocolate syrup. Although the B2B sector faced some challenges during the pandemic due to temporary closures and reduced activity in the food service industry, it remains an important revenue generator. As the food service industry recovers and consumers return to dining out, the B2B segment is expected to grow steadily, particularly from businesses that incorporate chocolate syrup into desserts, beverages, and other menu items.

The Conventional segment is leading the Global Chocolate Syrup Market by Type in 2023; thereby, achieving a market value of $20.3 billion by 2031. This can be attributed to the established consumer preference, affordability, and extensive availability of conventional chocolate syrups. In the retail and food service sectors, conventional syrups are frequently more accessible to a broader audience due to their extended shelf life, mass production, and a wider range of flavors. Their competitive pricing and ease of sourcing further solidify their position as the leading choice for households and commercial buyers.

Full Report: https://www.kbvresearch.com/chocolate-syrup-market/

The Asia Pacific region dominated the Global Chocolate Syrup Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9.3 billion by 2031. The Europe region is experiencing a CAGR of 13.6% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 13.3% during (2024 - 2031).

List of Key Companies Profiled

• 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.

Chocolate Syrup Market Report Segmentation

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

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

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Conventional
• Organic