Asia Pacific Chocolate Syrup Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027. The Asia Pacific Chocolate Syrup market is developing at an exceptionally quick pace.
Chocolate syrup is a sweet, chocolate-flavored sauce. It is commonly used for various desserts like ice cream as dessert sauce or topping. It is also used to make chocolate milk and a chocolate milkshake. Chocolate syrup is available in a variety of forms, ranging from a thin liquid that can be drizzled from a bottle to a thick sauce that needs to be spooned onto the dessert.The significant drivers are rising use of chocolate syrup as a topping or flavor enhancer in desserts like ice-cream, pan cakes, coffee and pastries etc. Coffee shops or cafes are one of the largest consumers for chocolate syrup, hence increasing coffee shops are expected to boost the industry. However, the growing inclination toward healthier food items containing low calories or low sugar is a major restraint.
The Asia Pacific Chocolate Syrup market is segmented on the
basis of Type
Distribution Channel
Based on Type the market is segmented into
Conventional
Organic
Conventional Segment had the largest market share and is expected to dominate during the forecast period. Organic Segment is expected to show fastest growth owing to changing consumer preferences. Due to increasing health benefits of organic products, this segment is expected to boost the industry.
Based on Distribution Channel
Hypermarket/Supermarket
Convenience Stores
Specialty Outlet
Grocery Stores
Online Retailing
Hypermarket/Supermarket dominates the market, whereas Online Retailing is expected to show significant growth owing to increasing internet connections and rising preference for online shopping.
China
India
Japan
South Korea
Taiwan
Australia
South East Asia
Asia Pacific has considerable growth owing to growing population and increasing demand for chocolate.
Nestlé
R. Torre & Co. (Torani)
Hershey
The J.M. Smucker Company American Garden
Amoretti
Bosco Products
DaVinci Gourmet
H. Fox & Co.
Monin
FAQ's
Asia Pacific has considerable growth owing to growing population and increasing demand for chocolate.
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