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South America Compound Chocolate Market is segmented by Flavor (Dark, Milk, White and Other Flavor), Product (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Products), Application (Compound Chocolates, Bakery, Confectionery and Ice Cream and Frozen Desserts) and Geography.
South America Compound Chocolate Market is projected to register an estimated CAGR of 5.73%, during the forecast period of 2020-2025.
The scope of the market includes South America compound chocolate market, segmented by Flavor, which includes dark, milk, white and other flavor. By product, 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 and ice cream and frozen desserts.
|Ice Cream and Frozen Desserts|
|Rest of South America|
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The compound chocolate are used in industrial applications of bakery and confectionery products, as direct chocolate end-consumers, and in ice creams. The increased demand of coatings & coverings for the bakery products has raised compound chocolates' popularity among bakery applications. The market is sub-segmented on the product type, as compound chocolate chips, coatings, slabs, and others. The chocolate chips are used in products, such as ice cream, biscuits, and cookies chocolate slabs are utilized commercially by manufactures for industrial applications, where it is melted and further processed into final product.
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Increased advancement in technology and the chocolate crisis in the market have provided a great opportunity to the compound chocolate market. Countries, such as Chile, Argentina, and Brazil are becoming very sophisticated in their tastes, which is influencing the application of compound chocolate in several segments of food & beverage industry, including bakery & confectionery. For instance, Barry Callebaut opened a plant in Paine, nearly 45 km outside from Santiago, (Chile’s capital) as part of its agreement with Chilean subsidiary of Argentinean confectioners Grupo Arcor. Thus, companies are expanding their presence in emerging markets in the region, such as Chile, Argentina, Uruguay, Paraguay, and Peru.
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South American compound chocolate market is primarily dominated by a few top players. The most active companies are – Cargill, Puratos, Unigra, Santa Barabar Chocolate, Blommer Chocolate Company, The Barry Callebaut Group, and Aalast Chocolate among others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force 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 By Flavor
5.1.4 Other Flavors
5.2 By Product
5.2.1 Chocolate Chips/Drops/Chunks
5.2.2 Chocolate Slab
5.2.3 Chocolate Coatings
5.2.4 Other Products
5.3 By Application
5.3.1 Compound Chocolates
5.3.4 Ice Cream and Frozen Desserts
5.4 By Geography
5.4.3 Rest of South America
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 Puratos NV
6.4.3 The Barry Callebaut Group
6.4.4 Santa Barbara Chocolate
6.4.5 Blommer Chocolate Company
6.4.6 Aalst Chocolate Pte Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS