Real chocolate and compound chocolate are used as different products in various food & beverage applications, including dairy products, bakery & confectionery, frozen desserts, beverages, chocolate-based syrups & spreads, and many others. The main difference between the two products is purely based on the ingredients used for preparation. Real chocolate basically consists of milk powder, sugar, cocoa butter, and cocoa mass, whereas, in compound chocolate, the cocoa bean derived cocoa butter and cocoa mass are replaced with the vegetable oils and cocoa powder, respectively. Compound chocolate is primarily used in products where baking at higher temperatures is needed. The growing demand for real and compound chocolate in emerging as well as densely populated countries, including India, China, and Japan, will have a direct impact on the growth of the global market.
MARKET DYNAMICS
The real and compound chocolate market has witnessed a significant growth owing to factors such as wider application in bakery and confectionery, dairy and frozen desserts, syrups and spreads, beverages, and others. The market for compound chocolate is anticipated to register a higher CAGR over the studied period owing to the low cost of compound chocolate and its growing application in less expensive chocolate-based consumer products. Furthermore, the capacity of compound chocolate to harden without tempering is promoting its use in confectionery products, ice creams, bakery products, and other frozen desserts. Growing demand for sweet confectionaries and rising consumer spending on indulgent confectionaries are again influencing this market. However, people are becoming quite a health-conscious due to the increase in diseases such as diabetes, obesity, heart problem, and others; and try to avoid food products containing more sweeteners and cholesterol, this may further hamper the market for real and compound chocolate. Nevertheless, with the steady growth in the food processing industry and consumer goods industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Real and Compound Chocolate Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the real and compound chocolate market with detailed market segmentation by type, application, and geography. The global real and compound chocolate market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading real and compound chocolate market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global real and compound chocolate market is segmented on the basis of type, and application. On the basis of type, the real and compound chocolate market is segmented into dark, milk, and white. The real and compound chocolate market on the basis of the application is classified into bakery and confectionery, dairy and frozen desserts, syrups and spreads, beverages, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global real and compound chocolate market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The real and compound chocolate market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the real and compound chocolate market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the real and compound chocolate market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global real and compound chocolate market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from real and compound chocolate market are anticipated to lucrative growth opportunities in the future with the rising demand for real and compound chocolate in the global market. Below mentioned is the list of few companies engaged in the real and compound chocolate market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the real and compound chocolate market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alpezzi Chocolate
- Barry Callebaut AG
- Blommer Chocolate Company
- Ferrero SPA
- Foley's Candies Ltd
- Guittard Chocolate Company
- Mars Inc.
- Mondelez International, Inc.
- Nestle S.A.
- The Hershey Co.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.