Global Chocolate Syrup Market 2017-2021

Overview of the global chocolate syrup market

This market research analysis identifies the growing number of cafes as one of the primary growth factors for this market. Coffee shops or cafés are the largest end-user for chocolate syrup and this is influenced by the increased use of chocolate syrup as a topping or flavor enhancer in desserts such as ice creams, pancakes, and pastries and beverages like coffee and tea. The rising culture of socializing at cafes among the youth has resulted in the increase of foodservice outlets. The growing popularity of shopping centers and malls and the growing infrastructure provides great growth potential to the major foodservice chains to establish new outlets. This will positively influence the growth of the chocolate syrup market, which according to our industry research experts will grow at a CAGR of around 5% by 2021.

The country of origin of the product plays a critical role in influencing the purchasing decisions of buyers. To inform the consumers to make better purchasing decisions, Country-of-origin labeling (COOL) was introduced in the US. Private labels are being increasingly preferred by the customers as they are affordable and are easily accessible as they are stocked in all supermarkets and retail sectors. Chocolate syrup manufacturers havr the need to fulfill concerns about trust and ethics to inform the customers about the genuineness of the product. This will demand the need for clean and honest labelling which will be one of the key trends behind the growth of the chocolate syrup market in the next few years.

Competitive landscape and key vendors

The chocolate syrup market is highly fragmented due to the presence of several large and small vendors who compete based on factors such as price, quality, innovation, service, reputation, and distribution. The intense competition among the vendors and rapid technological advances will impact the vendors’ performance in the market. To attain a competitive advantage in this marketspace, the vendors in the chocolate sauce market must differentiate their product and service offerings through a clear and unique value proposition.

 The leading vendors in the market are -

• Hershey
• Nestlé
• R. Torre & Co.
• The J.M. Smucker Company

The other prominent vendors in the market are AH!LASKA, American Garden, Amoretti, Bosco Products, DaVinci Gourmet, H. Fox & Co., Monin, Sonoma Syrup, Tropicana Slim, Walden Farms, and Wilderness Family Naturals.

Segmentation by product type and analysis of the chocolate syrup market

• Conventional
• Organic

Cafes, coffee shops, and food chains will be the major end users of chocolate syrups. The growing usage of chocolate syrup will contribute to the growth of the conventional chocolate syrup segment. The foodservice segment will be major contributor where conventional chocolate syrup is used in ice creams, cakes, hot and cold beverages, and several other food products.

Segmentation by end user and analysis of the chocolate syrup market

• Foodservice
• Industrial
• Retail

The increasing number of foodservice establishments and the rising usage of chocolate syrup in food and beverages will contribute to the growth of the chocolate syrup market. Chocolate syrup is primarily used in ice creams, confectionery products, cakes, waffles, pancakes, doughnuts, juices, milkshakes, cold beverages and also in hot beverages such as tea and coffee.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chocolate syrup market?
• What are the key market trends impacting the growth of the global chocolate syrup market?
• What are the challenges to market growth?
• Who are the key vendors in the global chocolate syrup market?
• What are the market opportunities and threats faced by the vendors in the global chocolate syrup market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global chocolate syrup market?

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