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Compound Chocolate Market Size, Share & Growth Report | 2031

Compound Chocolate Market

Name: Growth Market Reports
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Segments - by Types (Dark, Milk, and White), Forms (Chocolate Chips/Drops/Chunks, Chocolate Slabs/Bars, Chocolate Coatings, and Others), Applications (Bakery, Confectionery, Frozen Dessert and Ice Cream, Beverages, Cereals, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Author :

Anuradha B. More

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Vaibhav Chandola

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Aman Singh

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

The presence of diversified product line with additional flavor and taste varieties is estimated to drive the market growth.
Growing customer preference for compound chocolate is anticipated to drive the market expansion.
Innovation in chocolate products that use combination of premium or healthy ingredients is expected to propel the growth of the market.
Rising incidence of obesity can hamper the market growth.
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	Details
Report Title	Compound Chocolate Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	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)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	AAK; Barry Callebaut; Cargill Incorporated; and Clasen Quality Chocolate Inc.

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

Dark
Milk
White

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.

Compound Chocolate Market Keyplayers

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 (000â€™ 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.

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