LAMEA 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 Latin America, Middle East and Africa Chocolate Syrup Market is expected to 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 is expected to 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.

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.

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)

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA