According to a new market research report published by sheer analytics and insights, “The Global Chocolate Spreads and Syrups Market will grow at 6.9% CAGR from 2020 to 2026”, as per the latest market research report titled Global Chocolate Spreads and Syrups Market (By Packaging Type - Bottles, Pouches, Jars, and Others. By Distribution Channels - Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Direct B2B, Specialist Stores, and others, By End Users – Quick Service Restaurants, Domestic and Others, By Geography-North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Global industry analysis, size, share, growth, trends, and forecast, 2019-2026
Chocolate Spreads and Syrups are chocolate flavored paste mostly used in toasts, bread, waffles, pancakes, cakes and other products. The spreads are becoming an integral part of everyone’s life in most countries due to the changing lifestyle of individuals. This can also be used in a non-breakfast occasion in the form of snacks. The chocolate spread market is majorly driven by the rising demand for Chocolate Spreads and Syrups among consumers regardless of age group. Moreover, rising awareness among consumers about the health benefits associated with the consumption of chocolates is a significant factor supporting the market growth of Chocolate Spreads and Syrups Market. In Addition, changing individual lifestyle and rising demand for ready to eat products have accelerated the adoption of readymade chocolate-based spreads which can boost the market growth in the forecast period. However, the rising popularity of cereals and a decline in the sales of bakery products is projected to restrict market growth to some extent in the forecast period. Apart from this, the surging trend of packaged foods and rising food packaging companies in emerging economies are anticipated to penetrate the market growth in the forecast period from 2020 to 2026.
Geographically, ‘The Chocolate Spreads and Syrups Market’ is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in the Chocolate Spreads and Syrups Market include Ferrero Rocher, The Hershey Company, Hormel Foods Corporation, The J.M. Smucker Company, PASCHA Chocolate, Dr. Oetker KG, Young's (Private) Limited. Andros SAS, Date Lady, Flourish, Nature Food Company, the Hain Celestial Group, Nutkao S.R.L, Barefoot & Chocolate, and Nestle
The Global Chocolate Spreads and Syrups Market is Segmented into:
Global Chocolate Spreads and Syrups Market: By Packaging Type
Global Chocolate Spreads and Syrups Market: By Distribution Channel
Global Chocolate Spreads and Syrups Market: By End Users
Global Chocolate Spreads and Syrups Market: By Region
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