North America Chocolate Syrup Market Size, Share & Trends Analysis Report By Distribution Channel (B2B, and B2C (Hypermarkets/Supermarkets, Convenience stores, Specialty Stores, and Online)) By Type, By Country and Growth Forecast, 2024 - 2031

North America Chocolate Syrup Market Size, Share & Trends Analysis Report By Distribution Channel (B2B, and B2C (Hypermarkets/Supermarkets, Convenience stores, Specialty Stores, and Online)) By Type, By Country and Growth Forecast, 2024 - 2031

The North America Chocolate Syrup Market would witness market growth of 13.3% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 172.46 kilo tonnes, showcasing a growth of 6.0% (2020-2023).

The B2C channel involves direct sales to individual consumers for personal use. This segment thrives due to the convenience of purchasing chocolate syrup through various retail formats such as grocery stores, hypermarkets, and online platforms. With growing demand for indulgent home-made desserts and beverages, chocolate syrup in the B2C space caters to everyday consumer needs. Therefore, 40.25 kilo tonnes of chocolate syrup is expected to be sold by B2C sales channel in China by 2031.

The US market dominated the North America Chocolate Syrup Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,501.5 Million by 2031. The Canada market is experiencing a CAGR of 15.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16% during (2024 - 2031).

The product’s versatility is a critical component of its enduring appeal. Chocolate syrup is used in various culinary applications, from enhancing breakfast foods like waffles and pancakes to being a primary ingredient in beverages such as chocolate milk, mochas, and milkshakes. The ability to use chocolate syrup across various meal occasions—breakfast, dessert, snacks, and beverages—has expanded its market potential.

Additionally, it is a must-have ingredient in both home kitchens and professional food service establishments due to its rapid and convenient addition of flavor and texture to homemade dishes. Its adaptability to culinary needs, from adding sweetness to a hot drink to serving as a dessert topping, has cemented its place in food culture.

The North American chocolate syrup market is witnessing a surge in demand, supported by evolving culinary trends and a rise in consumer indulgence across the region. The premiumization trend and the growing consumer interest in innovative flavors in the United States increasingly drive the demand for chocolate syrup. With consumers seeking more sophisticated dessert experiences, brands are introducing high-quality, artisanal chocolate syrups that incorporate flavors like sea salt caramel and dark chocolate and even infused syrups with coffee or spices. This shift is particularly pronounced in the specialty coffee and dessert sectors, where consumers seek unique, high-end options to elevate their drinks and treats.

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 U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• 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.

North America Chocolate Syrup Market Report Segmentation

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• B2B
• B2C
• Hypermarkets/Supermarkets
• Convenience stores
• Specialty Stores
• Online

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Conventional
• Organic

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• US
• Canada
• Mexico
• Rest of North America