Global Compound Chocolate Market - Growth, Trends, and Forecast (2019 - 2024)

Global Compound Chocolate Market is segmented by Type(Dark, Milk and White); by Product (Chocolate Chips/Drops/Chunks, Chocolate Slabs/bars, Liquid Chocolate ); Application ( Bakery, Confectionery, Ice Cream and Frozen Desserts); and Geography.

Market Snapshot

snapshot
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR% (2019-2024):

6.31%

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The Global Compound Chocolate Market is forecasted to grow at a CAGR of 6.31% during the forecast period of (2019-2024).

  • Qualities of compound chocolate, such as its attractive price and the fact that it hardens without tempering, are making it an ideal choice for food manufacturers in various segments, such as bakery, confectionery, ice creams, and frozen desserts.
  • A primary factor driving the market for compound chocolate is its functionality at a lower price. It implies that the demand for compound chocolate is growing owing to the functional attributes of compound chocolate being a replica of coverture or real chocolate at a lower price than the coverture chocolate.
  • Companies are coming up with sustainable solutions for sourcing and the usage of cocoa butter substitutes or cocoa butter equivalents in the products.

Scope of the Report

Market Definition: Compound chocolates, as defined by FDA, are cocoa products containing cocoa butter substitute (CBS) or cocoa butter equivalent (CBE). The vegetable fats commonly used are often hard fats or fats semi-solids at room temperature, such as coconut oil and palm Kernel oil.

Scope of the study for the global compound chocolate market is segmented by Type as Dark compound chocolate, Milk compound chocolate and White compound chocolate); by Product as Chocolate Chips/Drops/Chunks, Chocolate Slabs/bars, and Liquid Chocolate; by Application includes Bakery, Confectionery, Ice Cream, and Frozen Desserts and Geography.

By Type
Dark Compound Chocolate
Milk Compound Chocolate
White Compound Chocolate
By Product
Chocolate Chips/Drops/Chunks
Chocolate Slab/bars
Liquid Chocolate
by Application
Bakery
Confectionery
Ice Cream and Frozen Desserts
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Economical and Desirable Substitute of Cocoa Butter

The cocoa butter equivalents (CBE – mainly shea, illipe, sal, and palm) have physical properties and molecular structure similar to that of cocoa butter, and are thus, increasingly employed for varieties of chocolate confections. The cocoa butter substitutes have witnessed a surge in their prices, owing to the higher demands. However, their prices are still half, when compared to cocoa butter, which maintains their affordability, and as a result, increases its demand. The cocoa prices have witnessed significant volatility over the last decade. Such intense fluctuations drastically affect procurement and sourcing operations. Factors, like unfavorable weather and political and economic scenario, can drastically affect the sustainable procurement. Thus compound chocolate significantly reduce the complexities associated with cocoa-based products.

trend1

To understand key trends, Download Sample Report

North America is the Largest Market Segment

Qualities of compound chocolate, such as its attractive price, as compared to pure cocoa-based chocolates and the fact that it hardens without tempering, are making it an ideal choice for food manufacturers in various segments, such as bakery, confectionery, ice creams, and frozen desserts.  Milk chocolate dominates the compound chocolate market and continues to register demand, along with the other flavors. Among product types, chocolate coatings register the highest demand among the consumers. Compound chocolate finds major applications within the confectionery industry, followed by the bakery, and thereafter, the ice cream and frozen dessert industry. Companies are coming up with sustainable solutions for sourcing and the usage of cocoa butter substitutes or cocoa butter equivalents for confectionary products.

Picture3

To understand geography trends, Download Sample Report

Competitive Landscape

Manufacturers are coming up with several innovations in health aspects with better Cocoa Butter Substitutes (CBS) and Cocoa Butter Equivalent (CBE). As the manufacturing methods and flavors of compound chocolates improve, the cost differential in comparison to chocolate will make chocolate compounds a more desirable choice. Major Players of compound chocolate market are  Cargill, ADM, Barry Callebaut and Clasen Quality Chocolate.

Major Players

  1. Archer Daniels Midland Company
  2. Cargill, Incorporated
  3. Barry Callebaut
  4. Clasen Quality Coatings, Inc.
  5. Aalst Wilmar Pte Ltd

* Complete list of players covered available in the table of contents below

CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Dark Compound Chocolate

      2. 5.1.2 Milk Compound Chocolate

      3. 5.1.3 White Compound Chocolate

    2. 5.2 By Product

      1. 5.2.1 Chocolate Chips/Drops/Chunks

      2. 5.2.2 Chocolate Slab/bars

      3. 5.2.3 Liquid Chocolate

    3. 5.3 by Application

      1. 5.3.1 Bakery

      2. 5.3.2 Confectionery

      3. 5.3.3 Ice Cream and Frozen Desserts

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Spain

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 Germany

        4. 5.4.2.4 France

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Sephra

      3. 6.4.3 Archer Daniels Midland Company

      4. 6.4.4 The Barry Callebaut Group

      5. 6.4.5 Flanders Filings & Compounds (backed by Fuji Oil Europe)

      6. 6.4.6 Aalst Wilmar Pte Ltd

      7. 6.4.7 Clasen Quality Chocolate

      8. 6.4.8 Blommer Chocolate Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information