Europe Compound Chocolate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Europe Compound Chocolate Market is segmented by Flavor (Dark and Milk/White), Form (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Forms), Application (Bakery, Confectionery, Ice Cream, and Frozen Desserts, Beverages, Cereals, and Other Applications), and Geography (Germany, United Kingdom, France, Russia, Italy, Spain, and Rest of Europe).

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4.03 %

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Market Overview

The compound chocolate market in Europe is forecasted to reach USD 1.69 billion by 2025, registering a CAGR of 4.03% during the forecast period of 2020 -2025.

  • A primary factor driving the market for compound chocolates is their functionality at a lower price. It implies that the demand for compound chocolate is increasing, as compound chocolate replicates the coverture or real chocolate at a lower price. 
  • The functionalities are driving the growth of the market in the developing regions of Eastern Europe, whereas, the strict regulations in the European Union are hindering the growth of the market. 
  • Russia and France are expected to retain their dominant position in the European market during the forecast period.

Scope of the Report

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. The scope of the market includes Europe compound chocolate market, segmented by flavor includes dark, milk, white and other flavor. By form, it is segmented as chocolate chips/drops/chunks, chocolate slab, chocolate coatings and other products and by application, the market is segmented as compound chocolates, bakery, confectionery, ice cream and frozen desserts, beverages, cereals, and others.

By Type
Dark
Milk/White
By Form
Chocolate Chips/Drops/Chunks
Chocolate Slab
Chocolate Coatings
Other Forms
Application
Bakery
Confectionery
Ice Cream and Frozen Desserts
Beverages
Cereals
Other Applications
Geography
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe

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Key Market Trends

Dark Compound Chocolate Becoming the Fastest Growing Market

Dark compound chocolate is made by processing a mixture of cocoa, vegetable oil, and sugar. The percentage of cocoa in chocolate slabs ranges from 70% to 99%. Dark chocolate is commonly used in baked confectionaries and desserts, due to the rich content of cocoa. It is more popular among the millennials, owing to the busy lifestyle and the restraints of time for cooking. In addition, the high content of cocoa is a powerful source of antioxidants, which makes it healthy. Dark chocolate flavors are majorly used in the confectionery and bakery industries. The other applications include panning, enrobing, drizzling, molding, and bottoming. Dark chocolate has several types, with different ratios of sugar and cocoa. As dark chocolate contains no milk solids, is it suitable for vegan baking also.

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Well-established Bakery and Confectionery Industry in the Region

The bakery sector in the European Union is one of the most dynamic sectors, in terms of innovation and quick response to consumer demands and trends. After the recent recession, the bakery and confectionery industry in Europe was expected to register growth, due to the increasing disposable incomes, higher living standards, and changing lifestyles resulting from the cultural changes and colonization. This has led to the proliferation of chocolate manufacturing in the region and boosted the sales of compound chocolate in the region. Chocolate manufacturing in the European Union increased by about 6-7% during 2010 and 2016. This factor also led to an increase in the fabrication of compound chocolate in the region.

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Competitive Landscape

The European compound chocolate market is highly competitive, with the presence of many regional and international players. The market is dominated by key global players. However, there is a significant presence of the regional players, such as AAK, Cargill Incorporated, Flanders Filings & Compounds (backed by Fuji Oil Europe), The Barry Callebaut Group, and Sephra LP. The European market holds a prominent position in the global compound chocolate market. The companies are focusing on product development. The market is expected to witness significant growth, particularly in some regions. Thus, the major companies are trying to increase their production and the overall sales by extensively marketing these products in the developing regions too.

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 Porters 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

      2. 5.1.2 Milk/White

    2. 5.2 By Form

      1. 5.2.1 Chocolate Chips/Drops/Chunks

      2. 5.2.2 Chocolate Slab

      3. 5.2.3 Chocolate Coatings

      4. 5.2.4 Other Forms

    3. 5.3 Application

      1. 5.3.1 Bakery

      2. 5.3.2 Confectionery

      3. 5.3.3 Ice Cream and Frozen Desserts

      4. 5.3.4 Beverages

      5. 5.3.5 Cereals

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Europe

        1. 5.4.1.1 Germany

        2. 5.4.1.2 United Kingdom

        3. 5.4.1.3 France

        4. 5.4.1.4 Russia

        5. 5.4.1.5 Italy

        6. 5.4.1.6 Spain

        7. 5.4.1.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Key Strategies Adopted

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Cargill Incorporated

      2. 6.4.2 Puratos NV

      3. 6.4.3 AAK

      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 Chocolate Pte Ltd

      7. 6.4.7 Sephra LP

      8. 6.4.8 Clasen Quality Chocolate

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

**Subject to Availability

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Frequently Asked Questions

The Europe Compound Chocolate Market market is studied from 2016 - 2026.

The Europe Compound Chocolate Market is growing at a CAGR of 4.03% over the next 5 years.

Barry Callebaut, Cargill, Incorporated., AAK, Fuji Oil Europe, Clasen Quality Chocolate are the major companies operating in Europe Compound Chocolate Market.

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