The Latin America, Middle East and Africa Chocolate Syrup Market would witness market growth of 15.0% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 61.98 kilo tonnes, showcasing a growth of 13.0% (2024-2031).
Organic chocolate syrup is crafted using ingredients sourced from organic farming practices, meaning the raw materials used in production are free from synthetic pesticides, herbicides, and artificial additives. This syrup appeals to health-conscious consumers who prioritize clean labels and eco-friendly products. Organic chocolate syrup often emphasizes sustainability, ethical sourcing (such as fair-trade cacao), and the absence of genetically modified organisms (GMOs). Thus, the Brazil market is expected to utilize 2.85 kilo tonnes of chocolate syrup by 2031.
The Brazil market dominated the LAMEA Chocolate Syrup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $442.6 Million by 2031. The Argentina market is showcasing a CAGR of 15.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 14.1% during (2024 - 2031).
The rise of health-consciousness among consumers has also influenced the chocolate syrup market. As more people become mindful of their sugar intake and overall dietary health, manufacturers have developed healthier alternatives, such as sugar-free, organic, and vegan-friendly chocolate syrups.
Moreover, these options cater to a growing demographic of consumers who want to indulge in chocolate syrup without compromising their dietary goals. Brands that offer such healthier alternatives are finding success in markets where consumers increasingly prioritize clean labels, natural ingredients, and health benefits. This trend has particularly gained traction in developed markets, where consumers are more likely to seek premium, organic, or low-calorie options.
The LAMEA region is experiencing a steady increase in demand for chocolate syrup, driven by diverse factors such as the growing popularity of Western-style desserts, expanding middle-class populations, and a rising focus on convenience and indulgence. Brazil's expanding food service sector, particularly the booming café culture and dessert parlors, is a key driver for chocolate syrup sales. According to the US Department of Agriculture, in 2022, Brazilian food service industry revenues reached US$106 billion, an increase of 10 percent over 2021. Additionally, the growth of home baking trends during and after the pandemic has led to higher retail demand as consumers look to recreate indulgent desserts at home. Brands introducing localized flavors or catering to Brazilian tastes with a combination of chocolate and traditional sweets stand to capture significant market share.
Free Valuable Insights: The Worldwide Chocolate Syrup Market is Projected to reach USD 24.8 Billion by 2031, at a CAGR of 13.8%
Based on Distribution Channel, the market is segmented into B2B, and B2C (Hypermarkets/Supermarkets, Convenience stores, Specialty Stores, and Online). Based on Type, the market is segmented into Conventional, and Organic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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