Market Size of Bean-to-Bar Chocolate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bean-to-Bar Chocolate Market Analysis
Bean-to-bar chocolate market is projected to register a CAGR of 7.8% during the forecast period, 2022-2027.
Bean-to-bar chocolate is an artisanal version of chocolate that is made from cocoa beans and produced in small batches. It is made from scratch and the producers have control over the whole process. In contrast to factory-made chocolates that contain fillers and flavorings, bean-to-bar chocolates are made with only cocoa beans and a little sugar. Bean-to-bar chocolate market is highly fragmented into very small-scale players operating in local markets.
The chocolate produced is natural and does not have additives involved thus in demand with consumer preference for more natural and organic products. These chocolates provide a wholesome experience for consumers and are available in various flavors. It represents a specific way of manufacturing chocolate in a more artisanal and transparent way where the producer's source cocoa beans, roast, grind and then process them into chocolate.
The number of bean-to-bar manufacturers has grown in recent years with the high demand for high-quality chocolates across the globe. For instance, according to the Fine Cacao and Chocolate Institute 2020, estimated that Europe had over 90 chocolate manufacturers. Moreover, with the growing consumer awareness about the high quality of the bean-to-bar market is driving the demand for such products. Manufacturers and key players in the market are organizing educational programs about chocolate to create awareness among consumers about the specific flavor profiles of chocolate.
