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Compound Chocolate Market - Growth, Trends, and Forecast (2020 - 2025)
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.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Europe
CAGR:
6.31 %
Major Players:
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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.
| Flavor | |
| Dark | |
| Milk | |
| White | |
| Other Flavors |
| By Form | |
| Chocolate Chips/Drops/Chunks | |
| Chocolate Slab | |
| Chocolate Coatings | |
| Other Products |
| Application | |
| Bakery | |
| Confectionery | |
| Frozen desserts and ice-cream | |
| Beverages | |
| Cereals | |
| Others |
| Geography | |||||||||
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Key Market Trends
Emergence Of Small Scale Players Across The Globe
Inclination of the people toward healthier and artisanal range of chocolates have led to the entry of many small-scale compound chocolate makers in the United Kingdom to cater to the needs of artisanal bakers and confectioners. Small-scale compound chocolate makers are forging their way and claiming their stakes to serve world-renowned chocolate makers. For instance, NATRA offers organic and no-added-sugar variants of white, dark, and milk compound chocolate apart from fillings and cocoa powder in the United Kingdom. Meticulous efforts are put on by the players to get the most out of cacao beans as better quality ingredients have an extraordinary complexity and wide palette of flavors. Most of the bars are also vegan, as producers are favoring cocoa butter and vegetable oils rather than milk. Many of the bars are also free from gluten, soy, and nuts. One of the prominent chocolate brand, Cadbury’s dairy milk chocolate bar has come up with the major product differentiation as the company uses vegetable oils, such as palm and shea, thereby, increasing the popularity and usage of compound chocolates in the market.
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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.
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.
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Flavor
5.1.1 Dark
5.1.2 Milk
5.1.3 White
5.1.4 Other Flavors
5.2 By Form
5.2.1 Chocolate Chips/Drops/Chunks
5.2.2 Chocolate Slab
5.2.3 Chocolate Coatings
5.2.4 Other Products
5.3 Application
5.3.1 Bakery
5.3.2 Confectionery
5.3.3 Frozen desserts and ice-cream
5.3.4 Beverages
5.3.5 Cereals
5.3.6 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 Germany
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 United Arab Emirates
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill Incorporated
6.4.2 Sephra
6.4.3 Archer Daniels Midland Company
6.4.4 The Barry Callebaut Group
6.4.5 Flanders Filings & Compounds (backed by Fuji Oil Europe)
6.4.6 Aalst Wilmar Pte Ltd
6.4.7 Clasen Quality Chocolate
6.4.8 Blommer Chocolate Company
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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