Global Industrial Chocolate Market size was valued at US$ 62.02 Bn in 2022 and the total revenue is expected to grow at 5.3% through 2023 to 2029, reaching nearly US$ 89.03 BnIndustrial Chocolate Market Overview:
Industrial chocolate has seen rapid expansion in the global market, thanks to a number of reasons that are improving consumer acceptance. Certainly, the recent desire for organic and sugar-free chocolates is assisting the market's rise. Companies in the market are continually innovating in terms of trendy products due to recent changes in lifestyle and consumption patterns. Industrial chocolate production is done in large quantities to suit the market's high demand for chocolate-related products. Organic chocolates, which come in a variety of tastes and textures, are also used By industrial chocolate manufacturers and are certified By companies such as ECOCERT and Certisys.To know about the Research Methodology :- Request Free Sample Report 2022 is considered as a base year to forecast the market from 2023 to 2029 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2029. 2020 is a year of exception and analyzed specially with the impact of lockdown By region.
Industrial Chocolate Market Dynamics:
The key driver of the industrial chocolate market is the growing demand for compound chocolates in the food industry. The increased popularity of chocolate-flavored snack bars among young people around the world contributes to the expansion of the industrial chocolate sector. the Americas accounted for 40% of the premium chocolate industry, with the United States dominated the market in 2022. The United States accounted for 43% of all organic food retail sales worldwide. Additionally, in the following decade, leading companies in the industrial chocolate market are projected to benefit from rapidly changing consumer lifestyles and strong demand for organic and sugar-free chocolates. Chocolate's antioxidant content, blood pressure-lowering capabilities, and supposedly anti-aging benefits will continue to drive consumption of chocolate and chocolate products. Dark chocolate with a higher cocoa content is highly advised for preventing or slowing down ageing and some disorders, such as cardiovascular disease. Chocolate demand will continue to be driven By these and other comparable perceived benefits of chocolate in the global market. Chocolate cocktails, fudge, mousse, rolls, and lunches are some of the specialty products that have been identified as revenue producers. Additionally, in the Global Chocolate Market, a range of luxury chocolate is likely to give considerable prospects. Over the period 2023-2029, the development of organic and fair-trade chocolate could dramatically alter market dynamics. The increasing number focus on texture for a multisensory experience as result in the transformation of the Industrial Chocolate Market.Market Segment Analysis:
The Global Industrial Chocolate Market is segmented By Product type and Application, Based on the Product Type, the market is segmented into Cocoa Butter, Cocoa Liquor and Cocoa Powder. Cocoa Butter dominated the Global Industrial Chocolate Market share growing at the CAGR of 6% during the forecast period. The demand for cocoa butter among manufacturers in the Global Chocolate Industry study is being fuelled By such a strong demand for high-quality products. Growth in the Bakery Products segment has been projected to a revised 4.9 % CAGR during the forecast period. This market sector now holds 24.7% of the worldwide Industrial Chocolate market. In 2022 on account of increasing health advantages, lower calories, and changing perceptions toward product offered. The chocolate market has seen a shift toward darker forms of chocolate, with customers preferring them over other variations. Based on the Application, the market is segmented into Bakery products, Dairy products, Ice Cream and others. The dairy products are fastest growing segment with increasing CAGR of 5% during the forecast period. This Dairy products segment's growth is being fuelled By the rising demand of chocolate flavours in newly created milk products, yoghurts, and creamers. Chocolate's sentimental appeal has gained it a place in flavours that will last forever. Alkalized cocoa powders are in high demand due to these features. Companies like Olam Cocoa are supplying a mild cocoa powder with an improved fruity flavour that is lower on the bitterness scale, helping these items to be used more widely. The availability of a wide range of cocoa powder hues, ranging from dark brown to light brown to dark red and even black, would help boost earnings.Europe dominated the Industrial Chocolate Market share with increasing CAGR of 7% during the forecast period. Europe leads production, export, and consumption, and increasing investment in product innovations, novelties, and complex product development are helping the region's revenues. For example, a relationship with a wine-tasting specialist to promote and produce tasting similar experiences to wine tasting, but for chocolates directly from the source, sample containers are gaining a lot of attention from the media in the region. In the United States, the industrial chocolate industry is expected to be worth $15 billion By 2022. The country now holds a market share of 26.95 % of the global market. China, the world's second largest economy, is expected to reach a market size of US$17.3 billion in 2029, with CAGR of 8.7%. Japan and Canada are two more important geographic markets, with forecasted growth rates of 2.9 %and 4.3 %, respectively, from 2023 to 2029.The Scandinavian and Nordic countries are innovators in industrial chocolate production and will contribute to the growing industry. The objective of the report is to present a comprehensive analysis of the Global Industrial Chocolate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Industrial Chocolate Market dynamic, structure By analyzing the market segments and project the global market size. Clear representation of competitive analysis of key players By product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
Industrial Chocolate Market Regional Insights:
Industrial Chocolate Market Scope: Inquire before buying
Industrial Chocolate Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 62.02 Bn. Forecast Period 2023 to 2029 CAGR: 5.3% Market Size in 2029: US $ 89.03 Bn. Segments Covered: by Product type Cocoa Butter Cocoa Powder Cocoa Liquor by Application Bakery Products Dairy products Ice Cream Others Industrial Chocolate Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Industrial Chocolate Market Key Players
1. Barry Callebaut AG 2. Cargill Inc 3. CEMOI Group 4. Lindt and Sprüngli Group 5. Clasen Quality Coatings Inc 6. Fuji Oil Co Ltd 7. Mars Inc 8. Mondelez International Inc 9. Nestle SA 10. The Hershey CoFrequently Asked Questions:
1] What segments are covered in Global Industrial Chocolate Market report? Ans. The segments covered in Global Industrial Chocolate Market report are based on Products Type, Application. 2] Which region is expected to hold the highest share in the Global Industrial Chocolate Market ? Ans. Europe is expected to hold the highest share in the Global Industrial Chocolate Market . 3] What is the market size of Global Industrial Chocolate Market By 2029? Ans. The market size of Global Industrial Chocolate Market By 2029 is US $89.03 Bn. 4] Who are the top key players in the Global Industrial Chocolate Market? Ans. Barry Callebaut AG, Cargill Inc, CEMOI Group , Lindt and SprÃngli Group, Clasen Quality Coatings Inc ,Fuji Oil Co Ltd , Mars Inc ,Mondelez International Inc. 5] What was the market size of Global Industrial Chocolate Market in 2022? Ans. The market size of Global Industrial Chocolate Market in 2022 was US $ 62.02 Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Industrial Chocolate Market Size, By Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Industrial Chocolate Market 3.4. Geographical Snapshot of the Global Industrial Chocolate Market, By Manufacturer share 4. Global Industrial Chocolate Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Industrial Chocolate Market 5. Supply Side and Demand Side Indicators 6. Global Industrial Chocolate Market Analysis and Forecast, 2022-2029 6.1. Global Industrial Chocolate Market Size & Y-o-Y Growth Analysis. 7. Global Industrial Chocolate Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 7.1.1. Cocoa Butter 7.1.2. Cocoa Powder 7.1.3. Cocoa Liquor 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Bakery Products 7.2.2. Dairy products 7.2.3. Ice Cream 7.2.4. Others 8. Global Industrial Chocolate Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Industrial Chocolate Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 9.1.1. Cocoa Butter 9.1.2. Cocoa Powder 9.1.3. Cocoa Liquor 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Bakery Products 9.2.2. Dairy products 9.2.3. Ice Cream 9.2.4. Others 10. North America Industrial Chocolate Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Industrial Chocolate Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Industrial Chocolate Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Industrial Chocolate Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Industrial Chocolate Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Industrial Chocolate Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Industrial Chocolate Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Industrial Chocolate Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Industrial Chocolate Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Industrial Chocolate Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Industrial Chocolate Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Industrial Chocolate Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Industrial Chocolate Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Industrial Chocolate Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Industrial Chocolate Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Industrial Chocolate Market Analysis and Forecasts, By Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Industrial Chocolate Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Industrial Chocolate Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Industrial Chocolate Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Industrial Chocolate Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Industrial Chocolate Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Industrial Chocolate Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Industrial Chocolate Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Industrial Chocolate Market Analysis and Forecasts, By Country 34.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa ndustrial Chocolate Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Industrial Chocolate Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt ndustrial Chocolate Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Industrial Chocolate Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Industrial Chocolate Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Industrial Chocolate Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Industrial Chocolate Market Analysis and Forecasts, By Country 41.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil ndustrial Chocolate Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Industrial Chocolate Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America ndustrial Chocolate Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Industrial Chocolate Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A By Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Cargill Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Lindt and SprÃngli Group 45.3.3. Clasen Quality Coatings Inc 45.3.4. Fuji Oil Co Ltd 45.3.5. Mars Inc 45.3.6. Mondelez International Inc 45.3.7. Nestle SA 45.3.8. The Hershey Co 45.3.9. Primary Key Insights