Chocolate Syrup Market Report 2026

The chocolate syrup market size has grown steadily in recent years. It will grow from $7.61 billion in 2025 to $7.91 billion in 2026 at a compound annual growth rate (CAGR) of 4%. The growth in the historic period can be attributed to expansion of dessert and beverage consumption, growth of packaged food manufacturing, increasing household use of flavored syrups, development of foodservice supply chains, widespread retail availability.

The chocolate syrup market size is expected to see steady growth in the next few years. It will grow to $9.58 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand for clean-label syrups, rising focus on plant-based formulations, expansion of specialty beverage culture, growing online grocery adoption, innovation in functional dessert toppings. Major trends in the forecast period include growing demand for organic and sugar-free syrups, rising use of chocolate syrup in beverages and desserts, expansion of foodservice and quick-service applications, increased product innovation in flavors and textures, growth of online retail distribution.

The rising number of coffee shops and cafes is anticipated to drive the growth of the chocolate syrup market in the coming years. Coffee shops and cafes are establishments that serve baked goods, light meals, and various beverages in addition to coffee. Chocolate syrup is utilized in these settings to impart a rich and distinctive flavor to drinks such as coffee. Moreover, chocolate syrup enhances the sweetness and creaminess of coffee, amplifying the beverage’s natural taste. For example, according to a 2023 report by Pearl Lemon Cafe, a UK-based coffee shop, there are over 8,000 coffee shops in the UK, with roughly 16% of consumers visiting daily and about 80% visiting at least once a week. Hence, the growth in the number of coffee shops and cafes is supporting the expansion of the chocolate syrup market.

Leading players in the chocolate syrup market are emphasizing the development of innovative solutions, including upgraded and modernized production technologies, to meet increasing demand for premium confectionery products and improve manufacturing efficiency. Greater investment in advanced processing facilities allows companies to increase output, enhance product consistency, and accelerate innovation compared to traditional manufacturing methods with limited scalability. For instance, in February 2024, Nestlé, an India-based food company, invested $719 million to upgrade its manufacturing facilities. This investment aims to strengthen production capabilities and boost efficiency to meet rising consumer demand for Nestlé products in India. Nestlé India’s significant investment highlights its commitment to innovation and growth in the Indian market, reinforcing its leadership in the food and beverage sector.

In June 2023, Puratos, a Belgium-based provider of ingredients for bakers and chocolatiers, acquired Foley's Chocolates, significantly enhancing its market share and manufacturing capabilities in North America. This acquisition positions Foley's as the second-largest chocolate producer in Canada, allowing Puratos to broaden its chocolate portfolio with innovative plant-based and health-focused products. By integrating Foley's expertise and offerings, Puratos aims to meet the growing consumer demand for sustainable and health-conscious chocolate options while solidifying its presence in the North American chocolate market.

Major companies operating in the chocolate syrup market are The Hershey Company, Nestlé S.A., Bosco Products Inc., The J.M. Smucker Company, Walden Farms International Inc., Amoretti Brothers LLC, Gold Pure Food Products Co., Hollander Chocolate Company, Ah!Laska Inc., Torani Inc., American Garden, Sonoma Syrup Co., Monin Inc., DaVinci Gourmet LLC, Santa Cruz Natural Incorporated, Beyond Better Foods LLC, Ghirardelli Chocolate Company, Stonewall Kitchen LLC, Fox's U-Bet Co., Sanders Candy LLC, King's Cupboard, R. Torre & Company Inc., The Wilbur Chocolate Company, Mars Inc., Cargill Inc., Blommer Chocolate Company, Puratos Group, Guittard Chocolate Company.

Asia-Pacific was the largest region in the chocolate syrup market in 2025. Asia-Pacific is expected to be the fastest-growing region in the chocolate syrup market report during the forecast period. The regions covered in the chocolate syrup market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the chocolate syrup market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The chocolate syrup market consists of sales of commercial syrups, natural syrups, organic syrups, and vegan chocolate syrups. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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