The Latin America, Middle East and Africa Chocolate Syrup Market should witness market growth of 5.7% CAGR during the forecast period (2022-2028).
Cocoa powder is one of the highly cultivated farm produce. This is mainly because of the increasing demand for chocolate products all across the world. Many regions that excel in producing cocoa powder make it a primary industry in their areas. The nation produced approximately 65174 million tons (MT) of cocoa in a total of 194, 428 hectares of planted area in 2021.
Additionally, the nation is known for growing fine or flavor cocoa which has also been acknowledged by the International Cacao Organization. The massive cocoa production has established the nation as a major exporter of cocoa as well, as, in 2021, the cocoa export was around 26, 256 MT. With the increased penetration of internet connectivity and globalization, a massive change has also taken place in the ways people consume food.
The increasing trends of gourmet cuisines and other regional foods have raised the demand for products that the consumer can use in the preparation of these meals. Consequently, the demand for chocolate syrup is increasing to complement the growing consumption of confectionaries like cakes, pastries, and pancakes. Consumers are looking for high-quality chocolate syrups in numerous different flavors.
Africa is already well known for its massive production of cocoa beans, for which mainly four West African nations are accountable. These include the Ivory Coast, Ghana, Cameroon, and Nigeria. In general, cocoa production has increased immensely all across this region. While the growth of the cocoa area led to more outstanding production throughout this time period, more cocoa would now come from a higher yield per hectare.
The Brazil market dominated the LAMEA Chocolate Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $216.5 million by 2028. The Argentina market is experiencing a CAGR of 6.2% during (2022-2028). Additionally, The UAE market would display a CAGR of 5.4% during (2022-2028).
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on B2C Type, the market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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), and Gold Pure Food Products Co., Inc.
Cocoa powder is one of the highly cultivated farm produce. This is mainly because of the increasing demand for chocolate products all across the world. Many regions that excel in producing cocoa powder make it a primary industry in their areas. The nation produced approximately 65174 million tons (MT) of cocoa in a total of 194, 428 hectares of planted area in 2021.
Additionally, the nation is known for growing fine or flavor cocoa which has also been acknowledged by the International Cacao Organization. The massive cocoa production has established the nation as a major exporter of cocoa as well, as, in 2021, the cocoa export was around 26, 256 MT. With the increased penetration of internet connectivity and globalization, a massive change has also taken place in the ways people consume food.
The increasing trends of gourmet cuisines and other regional foods have raised the demand for products that the consumer can use in the preparation of these meals. Consequently, the demand for chocolate syrup is increasing to complement the growing consumption of confectionaries like cakes, pastries, and pancakes. Consumers are looking for high-quality chocolate syrups in numerous different flavors.
Africa is already well known for its massive production of cocoa beans, for which mainly four West African nations are accountable. These include the Ivory Coast, Ghana, Cameroon, and Nigeria. In general, cocoa production has increased immensely all across this region. While the growth of the cocoa area led to more outstanding production throughout this time period, more cocoa would now come from a higher yield per hectare.
The Brazil market dominated the LAMEA Chocolate Syrup Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $216.5 million by 2028. The Argentina market is experiencing a CAGR of 6.2% during (2022-2028). Additionally, The UAE market would display a CAGR of 5.4% during (2022-2028).
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into B2C and B2B. Based on B2C Type, the market is segmented into Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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), and Gold Pure Food Products Co., Inc.
Scope of the Study
By Type
- Conventional
- Organic
By Distribution Channel
- B2C
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- B2B
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Chocolate Syrup Market, by Type
1.4.2 LAMEA Chocolate Syrup Market, by Distribution Channel
1.4.3 LAMEA Chocolate Syrup Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Chocolate Syrup Market by Type
3.1 LAMEA Conventional Market by Country
3.2 LAMEA Organic Market by Country
Chapter 4. LAMEA Chocolate Syrup Market by Distribution Channel
4.1 LAMEA B2C Market by Country
4.2 LAMEA Chocolate Syrup Market by B2C Type
4.2.1 LAMEA Hypermarkets/Supermarkets Market by Country
4.2.2 LAMEA Convenience Stores Market by Country
4.2.3 LAMEA Specialty Stores Market by Country
4.2.4 LAMEA Online Market by Country
4.3 LAMEA B2B Market by Country
Chapter 5. LAMEA Chocolate Syrup Market by Country
5.1 Brazil Chocolate Syrup Market
5.1.1 Brazil Chocolate Syrup Market by Type
5.1.2 Brazil Chocolate Syrup Market by Distribution Channel
5.1.2.1 Brazil Chocolate Syrup Market by B2C Type
5.2 Argentina Chocolate Syrup Market
5.2.1 Argentina Chocolate Syrup Market by Type
5.2.2 Argentina Chocolate Syrup Market by Distribution Channel
5.2.2.1 Argentina Chocolate Syrup Market by B2C Type
5.3 UAE Chocolate Syrup Market
5.3.1 UAE Chocolate Syrup Market by Type
5.3.2 UAE Chocolate Syrup Market by Distribution Channel
5.3.2.1 UAE Chocolate Syrup Market by B2C Type
5.4 Saudi Arabia Chocolate Syrup Market
5.4.1 Saudi Arabia Chocolate Syrup Market by Type
5.4.2 Saudi Arabia Chocolate Syrup Market by Distribution Channel
5.4.2.1 Saudi Arabia Chocolate Syrup Market by B2C Type
5.5 South Africa Chocolate Syrup Market
5.5.1 South Africa Chocolate Syrup Market by Type
5.5.2 South Africa Chocolate Syrup Market by Distribution Channel
5.5.2.1 South Africa Chocolate Syrup Market by B2C Type
5.6 Nigeria Chocolate Syrup Market
5.6.1 Nigeria Chocolate Syrup Market by Type
5.6.2 Nigeria Chocolate Syrup Market by Distribution Channel
5.6.2.1 Nigeria Chocolate Syrup Market by B2C Type
5.7 Rest of LAMEA Chocolate Syrup Market
5.7.1 Rest of LAMEA Chocolate Syrup Market by Type
5.7.2 Rest of LAMEA Chocolate Syrup Market by Distribution Channel
5.7.2.1 Rest of LAMEA Chocolate Syrup Market by B2C Type
Chapter 6. Company Profiles
6.1 Nestle S.A.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Product Launches and Product Expansions:
6.2 The Hershey Company (Hershey Trust Company)
6.2.1 Company overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Acquisition and Mergers:
6.3 The Kroger Co.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.4 The J.M Smucker Company
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 R. Torre & Co. (Torani)
6.5.1 Company Overview
6.5.2 Recent strategies and developments:
6.5.2.1 Product Launches and Product Expansions:
6.6 Bosco Products, Inc.
6.6.1 Company Overview
6.7 Hollander Chocolate, Inc.
6.7.1 Company Overview
6.8 Walden Farms, LLC (PANOS Brands)
6.8.1 Company Overview
6.9 Noushig, Inc. (Amoretti)
6.9.1 Company Overview
6.10. Gold Pure Food Products Co., Inc.
6.10.1 Company Overview
Companies Mentioned
- 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.
Methodology
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