Compound Chocolate Market

South America Compound Chocolate Market by Flavors (Dark Chocolate, Milk Chocolate, White Chocolate, and Other Flavors), Products (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Products), Applications (Compound Chocolates, Bakery, Confectionery, and Ice Cream and Frozen Desserts), and Geography (Brazil, Argentina, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-2220
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 183
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The South America compound chocolate market size is estimated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for the compound chocolate in industrial and bakery applications.

South America Compound Chocolate Market key takeaways

Compound chocolate is a product made from a combination of cocoa, vegetable fat, and sweeteners. It is cost-effective product to replace with enrobed chocolate. The dark chocolate compound is just used for preparing desserts but can even be used for garnishing, topping, and preparing truffle, among others.

Compound chocolate's key ingredient comes from the cacao bean. Different types of chocolate available are milk, dark, and white. The use of chocolate compound derives from vegetable fats, coconut oil, or palm kernel oil instead of cocoa butter.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for compound chocolate among children and adults is expected to propel the market growth.
  • The decrease in prices of vegetables fat can help in mass production of compound chocolate, boosting the growth of the market.
  • Increasing awareness and health consciousness among population can hinder the growth of the market.
  • Increasing diabetes patients can decline sales, disrupting the growth of market.
  • Rising advancement in manufacturing technology can create lucrative opportunities for the industry players of the market.

Scope of the Report

The report on the South America 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

South America Compound Chocolate Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Flavors (Dark Chocolate, Milk Chocolate, White Chocolate, and Other Flavors), Products (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Products), Applications (Compound Chocolates, Bakery, Confectionery, and Ice Cream and Frozen Desserts)

Geographical Scope

Brazil, Argentina and Rest of South America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill Incorporated; Puratos NV; Unigra; Santa Barbara Chocolate; Blommer Chocolate Company; The Barry Callebaut Group; and Aalst Chocolate

 

South America Compound Chocolate Market Segment Insights

Dark chocolate segment is expected to grow at a robust rate

Based on flavors, the market is divided into dark chocolate, milk chocolate, white chocolate, and other flavors. The dark chocolate segment is expected to grow at a high rate during the forecast period owing to plethora of recipes made from dark chocolate. However, the other flavors segment is anticipated to hold a key share of the market in the coming years owing rising innovation in the taste of chocolates.

South America Compound Chocolate Market by flavours

Chocolate coatings segment is projected to expand at a healthy CAGR

On the basis of products, the market is segregated into chocolate chips/drops/chunks, chocolate slab, chocolate coatings, and other products. The chocolate coatings segment is projected to expand at a healthy CAGR during the forecast period due to increasing preference for chocolate coating compound in bakery applications. Moreover, the chocolate slab segment is anticipated to account for a major market share during the forecast period owing to rising use of chocolate slab to converting into finished food products.

South America Compound Chocolate Market y products

Bakery segment is expected to hold a large market share

In terms applications, the market is divided into compound chocolates, bakery, confectionery and ice cream and frozen desserts. The bakery segment is expected to a account for a large market share during the forecast period owing to increasing number of bakeries in region. However, the frozen desserts segment is anticipated to hold a major share of the market owing to rising consumption among population in countries such as Brazil and Argentina.

Brazil is anticipated to constitute a key market share

In terms of regions, the market is classified as Brazil, Argentina and rest of South America. Brazil is expected to constitute a key share of the market during the projected period owing to high number of fresh cacao beans available. However, the market in Argentina is anticipated to expand at a rapid pace during the forecast period.

Segments

Segments Covered in the Report
The South America compound chocolate market has been segmented on the basis of

Flavors

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate
  • Other Flavors

Products

  • Chocolate Chips/Drops/Chunks
  • Chocolate Slab
  • Chocolate Coatings
  • Other Products

Geography

  • Brazil
  • Argentina
  • Rest of South America

Key Players

  • Cargill Incorporated
  • Puratos NV
  • Unigra
  • Santa Barbara Chocolate
  • Blommer Chocolate Company
  • The Barry Callebaut Group
  • Aalst Chocolate

Competitive Landscape

Key players competing in the South America compound chocolate market are Cargill Incorporated; Puratos NV; Unigra; Santa Barbara Chocolate; Blommer Chocolate Company; The Barry Callebaut Group; and Aalst Chocolate.

In August 2021, Cargill entered into an agreement to acquire Aalst Chocolate Pte. Ltd., a Singapore-based chocolate manufacturer. The latter company’s product offering includes artisans chocolate compound.

In August 2021, Puratos NV, Belgian-based chocolate producer, raised one billion euros through a bond loan to combat slavery, child labor, and deforestation.

South America Compound Chocolate Market by key players

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 Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Compound Chocolate Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Compound Chocolate Demand Share Forecast, 2019-2026
6. North America Compound Chocolate Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Compound Chocolate Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Compound Chocolate Demand Share Forecast, 2019-2026
7. Latin America Compound Chocolate Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Compound Chocolate Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Compound Chocolate Demand Share Forecast, 2019-2026
8. Europe 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
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Compound Chocolate Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Compound Chocolate Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Compound Chocolate Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Compound Chocolate Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Compound Chocolate Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Compound Chocolate Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Compound Chocolate Market: Market Share Analysis
  11.2. Compound Chocolate Distributors and Customers
  11.3. Compound Chocolate Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cargill Incorporated
     11.4.2. Puratos NV
     11.4.3. Unigra
     11.4.4. Santa Barbara Chocolate
     11.4.5. Blommer Chocolate Company
     11.4.6. The Barry Callebaut Group
     11.4.7. Aalst Chocolate

Segments Covered in the Report
The South America compound chocolate market has been segmented on the basis of

Flavors

  • Dark Chocolate
  • Milk Chocolate
  • White Chocolate
  • Other Flavors

Products

  • Chocolate Chips/Drops/Chunks
  • Chocolate Slab
  • Chocolate Coatings
  • Other Products

Geography

  • Brazil
  • Argentina
  • Rest of South America

Key Players

  • Cargill Incorporated
  • Puratos NV
  • Unigra
  • Santa Barbara Chocolate
  • Blommer Chocolate Company
  • The Barry Callebaut Group
  • Aalst Chocolate

Key players competing in the South America compound chocolate market are Cargill Incorporated; Puratos NV; Unigra; Santa Barbara Chocolate; Blommer Chocolate Company; The Barry Callebaut Group; and Aalst Chocolate.

In August 2021, Cargill entered into an agreement to acquire Aalst Chocolate Pte. Ltd., a Singapore-based chocolate manufacturer. The latter company’s product offering includes artisans chocolate compound.

In August 2021, Puratos NV, Belgian-based chocolate producer, raised one billion euros through a bond loan to combat slavery, child labor, and deforestation.

South America Compound Chocolate Market by key players

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