North America Chocolate Syrup Market

North America Chocolate Syrup Market Size (2024 to 2029)

North America Chocolate Syrup Market is expected to be worth USD 3.32 million in 2024, to reach USD 3.95 million by 2029, to grow at a CAGR of 3.53% in forecast period 2024 to 2029.

Chocolate syrup is a sweet, chocolate-flavoured sauce. It is commonly used for various desserts like ice cream as a 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 driver is rising use of chocolate syrup as a topping or flavour enhancer in desserts like ice cream, pancakes, coffee, and 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 towards healthier food items containing low calorie or low sugar is a major restraint.

This Research Report on North America Chocolate Syrup Market is segmented and sub segmented into following categories

North America Chocolate Syrup Market By 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 consumers. Due to the increasing health benefits of organic products, this segment is expected to boost the industry.

North America Chocolate Syrup Market By 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.

North America Chocolate Syrup Market By Region

• US
• Canada
• Mexico

KEY PLAYERS IN NORTH AMERICA CHOCOLATE SYRUP MARKET

Key Players In North America Chocolate Syrup Market are Nestlé, R. Torre & Co. (Torani), Hershey, The J.M. Smucker Company American Garden, Amoretti, Bosco Products, DaVinci Gourmet.