Middle East And Africa Chocolate Syrup Market

MEA Chocolate Syrup  Market Value and Growth(2022-2027):

Middle East and Africa Chocolate Syrup  Market is worth USD xx million in 2022 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2027. The Middle East and Africa Chocolate Syrup market is developing at an exceptionally quick pace.

Middle East and Africa Chocolate Syrup  Market Overview:

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 the rising use of chocolate syrup as a topping or flavor enhancer in desserts like ice cream, pancakes, coffee, pastries, etc. Coffee shops or cafes are one of the largest consumers of 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.

Middle East and Africa Chocolate Syrup  Market Segmentation:

Middle East and Africa Chocolate Syrup market is segmented on the basis of 

• Type

• Distribution Channel

Based on Type 

• Conventional 

• Organic

 The conventional segment had the largest market share and is expected to dominate during the forecast period. The organic segment is expected to show the fastest growth owing to changing consumer preferences. Due to the increasing health benefits of organic products, this segment is expected to boost the industry. 

Based on Distribution Channel 

• Hypermarket/Supermarkets

• Convenience Stores

• Specialty outlets

• 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.

Middle East and Africa Chocolate Syrup  Market Regional Analysis:

• UAE

• Israel

•  KSA

• South Africa

• Egypt

Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.

Middle East and Africa Chocolate Syrup  Market Keyplayers:

1. Nestlé 

2. R. Torre & Co. (Torani) 

3.  Hershey 

4. The J.M. Smucker Company American Garden 

5. Amoretti 

6. Bosco Products

7. DaVinci Gourmet 

8. H. Fox & Co. 

9. Monin 

10. Sonoma Syrup 

11.