Report Description
The global compound chocolate market ize was USD 26.40 Billion in 2022 and is likely to reach USD 47.32 Billion by 2031, expanding at a CAGR of 6.7% during 2023–2031.The growth of the market is attributed to the increasing usage of blended chocolate.
Compound chocolate is an item produced using a mix of cocoa, vegetable fat, and sugar. It utilizes vegetable fats and palm portion oil that are cost-effective option in contrast to real chocolate, which contains costly cocoa spread. Compound chocolate is utilized as treats coatings. Compound coatings, substitute chocolate alcohol and cocoa spread with cocoa powder and vegetable oil.
Compound chocolates are found in a wide range of combinations, tastes, and variations to meet the different requirements of customers. The worldwide compound chocolate business is focusing on attracting customers by providing nutritious advantages as well as a pleasant flavor.
Markets, Drivers, Restraints and Opportunity
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The presence of diversified product line with additional flavor and taste varieties is estimated to drive the market growth.
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Growing customer preference for compound chocolate is anticipated to drive the market expansion.
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Innovation in chocolate products that use combination of premium or healthy ingredients is expected to propel the growth of the market.
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Rising incidence of obesity can hamper the market growth.
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Increasing number of consumers’ are inclining toward use of cocoa spread and vegetable oils, which is estimated to create lucrative opportunities for the market growth.
Scope of the Report
The report on the global compound chocolate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Compound Chocolate Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Dark, Milk, and White), Forms (Chocolate Chips/Drops/Chunks, Chocolate Slabs/Bars, Chocolate Coatings, and Others) and Applications (Bakery, Confectionery, Frozen Dessert and Ice Cream, Beverages, Cereals, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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AAK; Barry Callebaut; Cargill Incorporated; and Clasen Quality Chocolate Inc.
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Compound Chocolate Market Segment Insights
Dark chocolate segment is expected to grow at a rapid pace
Based on types, the compound chocolate market is segmented into dark, milk and white. The dark chocolate segment is anticipated to hold a key share of the market in the coming years due to rising demand for the products with health advantages of dark chocolates. It aids in managing insulin and blood pressure, helps in boosting the immune system, and inhibits the growth of cancer cells. Moreover, increasing spending on dark chocolate products is expected to boost the segment market growth.
Chocolate coatings segment is projected to expand at a considerable CAGR
On the basis of forms, the compound chocolate market is segregated into chocolate chips/drops/chunks, chocolate slabs/bars, chocolate coatings, and others. The chocolate coatings segment is projected to expand at a considerable CAGR during the forecast period. Young population are buying premium items owing to health benefits, and they are inclining themselves toward eating healthy and organic products. The chocolate coatings segment is anticipated to account for a major market share during the forecast period.
Confectionery segment to hold a significant market share
In terms of applications, the market is divided into bakery, confectionery, frozen dessert and ice cream, beverages, cereals, and others. The confectionary segment is projected to expand at a considerable CAGR during the forecast period. Chocolate, attributable to its various health advantages, is the most consumed confectionery item in the world, and many organizations are presently developing sugar-free and natural chocolate products for health-conscious metropolitan people. Moreover, increasing demand from the confectionery industry is contributing to the market segment growth.
North America is estimated to account a major market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period. Wide expansion in term of R&D investment for the development of compound chocolate products acts as a major driver of the market growth in the region. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. The growth of the market in region is attributed to increasing demand for compound chocolate in countries such as India and China.
Segments
Types
Forms
- Chocolate Chips/Drops/Chunks
- Chocolate Slabs/bars
- Chocolate Coatings
- Others
Applications
- Bakery
- Confectionery
- Frozen Dessert and Ice Cream
- Beverages
- Cereals
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- AAK
- Barry Callebaut
- Cargill Incorporated
- Clasen Quality Chocolate Inc.
Competitive Landscape
Key players competing in the compound chocolate market are AAK; Barry Callebaut; Cargill Incorporated; and Clasen Quality Chocolate Inc.
Companies are engaging in partnerships, acquisitions, and mergers to expand their market share.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Compound Chocolate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Compound Chocolate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Compound Chocolate Market - Supply Chain
4.5. Global Compound Chocolate Market Forecast
4.5.1. Compound Chocolate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Compound Chocolate Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Compound Chocolate Market Absolute $ Opportunity
5. Global Compound Chocolate Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Compound Chocolate Market Size and Volume Forecast by Types
5.3.1. Dark
5.3.2.
Milk
5.3.3.
White
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Compound Chocolate Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Compound Chocolate Market Size and Volume Forecast by Applications
6.3.1. Bakery
6.3.2.
Confectionery
6.3.3.
Frozen Dessert and Ice Cream
6.3.4.
Beverages
6.3.5.
Cereals
6.3.6.
Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Compound Chocolate Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Compound Chocolate Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Compound Chocolate Demand Share Forecast, 2019-2026
8. North America Compound Chocolate Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Compound Chocolate Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Compound Chocolate Market Size and Volume Forecast by Types
8.4.1. Dark
8.4.2.
Milk
8.4.3.
White
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Compound Chocolate Market Size and Volume Forecast by Applications
8.7.1. Bakery
8.7.2.
Confectionery
8.7.3.
Frozen Dessert and Ice Cream
8.7.4.
Beverages
8.7.5.
Cereals
8.7.6.
Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Compound Chocolate Demand Share Forecast, 2019-2026
9. Latin America Compound Chocolate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Compound Chocolate Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Compound Chocolate Market Size and Volume Forecast by Types
9.4.1. Dark
9.4.2.
Milk
9.4.3.
White
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Compound Chocolate Market Size and Volume Forecast by Applications
9.7.1. Bakery
9.7.2.
Confectionery
9.7.3.
Frozen Dessert and Ice Cream
9.7.4.
Beverages
9.7.5.
Cereals
9.7.6.
Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Compound Chocolate Demand Share Forecast, 2019-2026
10. Europe Compound Chocolate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Compound Chocolate Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Compound Chocolate Market Size and Volume Forecast by Types
10.4.1. Dark
10.4.2.
Milk
10.4.3.
White
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Compound Chocolate Market Size and Volume Forecast by Applications
10.7.1. Bakery
10.7.2.
Confectionery
10.7.3.
Frozen Dessert and Ice Cream
10.7.4.
Beverages
10.7.5.
Cereals
10.7.6.
Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Compound Chocolate Demand Share Forecast, 2019-2026
11. Asia Pacific Compound Chocolate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Compound Chocolate Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Compound Chocolate Market Size and Volume Forecast by Types
11.4.1. Dark
11.4.2.
Milk
11.4.3.
White
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Compound Chocolate Market Size and Volume Forecast by Applications
11.7.1. Bakery
11.7.2.
Confectionery
11.7.3.
Frozen Dessert and Ice Cream
11.7.4.
Beverages
11.7.5.
Cereals
11.7.6.
Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Compound Chocolate Demand Share Forecast, 2019-2026
12. Middle East & Africa Compound Chocolate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Compound Chocolate Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Compound Chocolate Market Size and Volume Forecast by Types
12.4.1. Dark
12.4.2.
Milk
12.4.3.
White
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Compound Chocolate Market Size and Volume Forecast by Applications
12.7.1. Bakery
12.7.2.
Confectionery
12.7.3.
Frozen Dessert and Ice Cream
12.7.4.
Beverages
12.7.5.
Cereals
12.7.6.
Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Compound Chocolate Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Compound Chocolate Market: Market Share Analysis
13.2. Compound Chocolate Distributors and Customers
13.3. Compound Chocolate Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. AAK
13.4.2.
Barry Callebaut
13.4.3.
Cargill Incorporated
13.4.4.
Clasen Quality Chocolate Inc.