Thailand Chocolate Syrup Market | Forecast, Share, Companies, Size, Value, Growth, Analysis, Revenue, Industry, COVID-19 IMPACT & Trends

Thailand Chocolate Syrup Market Synopsis

The chocolate syrup market in Thailand has grown significantly over the past few years. The total value of the chocolate syrup market was estimated at around USD 36 million, representing an increase of around 18% compared to 2019. The growth is mainly due to rising disposable incomes and a growing preference for convenience foods such as ice cream and other desserts that use chocolate syrups as ingredients. Moreover, increasing health consciousness among consumers has resulted in an increased demand for healthier alternatives like organic or sugar-free variations of chocolate syrups.

Drivers of the Market

In the Thailand chocolate syrup market, the popularity of chocolate-flavored treats and beverages contributes to the market`s growth. Chocolate syrup`s use in desserts, milkshakes, and coffee beverages drives its demand, especially among the younger population.

Challenges of the Market

The Thailand chocolate syrup market contends with rising health-consciousness among consumers, leading to a shift in preferences towards healthier and lower-sugar alternatives. Balancing taste, texture, and nutritional profiles while adapting to changing consumer preferences presents a significant challenge for manufacturers.

Trends & Oppourtunites of the Market

As a complement to beverages and desserts, chocolate syrup holds potential. Businesses can venture into producing natural and flavored chocolate syrups, appealing to cafes, dessert shops, and home bakers alike.

COVID-19 Impact on the Market

The chocolate syrup market witnessed shifts in consumer preferences as people turned to more home-cooked meals and desserts. While the retail sector experienced increased demand for chocolate products, the closure of foodservice establishments impacted the sale of products using chocolate syrup as an ingredient.

Key Players in the Market

Thailand chocolate syrup market key players include Hershey (Thailand) Ltd. and Mondelez International contribute to the production and distribution of chocolate syrups used as toppings and flavorings.

Key Highlights of the Report:

• Thailand Chocolate Syrup Market Outlook
• Market Size of Thailand Chocolate Syrup Market, 2023
• Forecast of Thailand Chocolate Syrup Market, 2030
• Historical Data and Forecast of Thailand Chocolate Syrup Revenues & Volume for the Period 2020-2030
• Thailand Chocolate Syrup Market Trend Evolution
• Thailand Chocolate Syrup Market Drivers and Challenges
• Thailand Chocolate Syrup Price Trends
• Thailand Chocolate Syrup Porter's Five Forces
• Thailand Chocolate Syrup Industry Life Cycle
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Conventional for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Organic for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Grocery Stores for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By Hypermarket or Supermarket for the Period 2020-2030
• Historical Data and Forecast of Thailand Chocolate Syrup Market Revenues & Volume By e-Commerce Platform for the Period 2020-2030
• Thailand Chocolate Syrup Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Distribution Channel
• Thailand Chocolate Syrup Top Companies Market Share
• Thailand Chocolate Syrup Competitive Benchmarking By Technical and Operational Parameters
• Thailand Chocolate Syrup Company Profiles
• Thailand Chocolate Syrup Key Strategic Recommendations