Hyderabad, India -- (SBWire) -- 03/13/2018 --Chocolate has been traditionally used as a flavoring ingredient in several food merchandises like cakes, ice-creams, milkshakes and many desserts. The chocolate syrup also called chocolate flavored condiments is a concentrated solution of chocolate primarily used as a topping or dessert sauce in numerous desserts.
Cocoa powder, sweeteners like sugar, syrup and others are a few of the key ingredients for chocolate syrup. Augmented usage of chocolate syrup as a flavor enhancer in beverages like, tea, milkshakes, cakes and similar foods are anticipated to support the market growth over the forecast period.
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Organic chocolate syrup segment is anticipated to create comparatively higher CAGR over the forecast period. Thanks to the increasing awareness among the customers towards healthy lifestyle, they are incessantly shifting towards organic products which is predicted to fuel the market growth over the forecast time period.
With growing proportion of working women in the world and busy lifestyles, there is very little time for preparing sufficient meals for breakfast. For this reason, customers decide on syrups to add flavor to their dull easy-to-make or ready-to-eat breakfast dishes. The increasing client demand for syrups as topping in breakfast foods is another vital issue that drives the chocolate syrup market.
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The online retailing segment in chocolate syrup market is projected to represent favorable growth in the near future. Increasing internet penetration level and rising client influence towards online ordering is also expected to support the market growth over the forecast period. The increasing demand for different kinds of desserts, baked goods and confectionaries globally also contributes to the growth of the market.
Europe is anticipated to possess the biggest market share globally followed by North America market. The Asia Pacific is predicted to witness considerable growth in the forecast period because of the developing nations like India and China in the region.
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The leading market share holders currently are Monin, Sonoma Syrup, Nestlé, R. Torre & Co. (Torani), Hershey's, The J.M. Smucker Company American Garden, Amoretti, Bosco Products, DaVinci Gourmet and H. Fox & Co.
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