According to Data Bridge Market Research new Market report, global industrial chocolate market will account to an estimated USD 52,100 million in 2018 growing at a CAGR of 4.2% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-industrial-chocolate-market/
Chocolate is a sweet and brown food preparation which is usually in the form of liquid, paste or block. They usually have high sugar and fat content. They are usually made of cocoa liquor or paste and they undergo a process called coaching in which butter along with other ingredients like sugar and powdered milk are added into it. Chocolate do have some health benefits like dark chocolate have less fat and sugar.
Global industrial chocolate market is segmented on the basis of applications and geography.
By Application (Confectionery, Biscuits and bakery products, Dairy and desserts, Ice creams and frozen items, Cereals and other industrial chocolate applications), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN INDUSTRIAL CHOCOLATE MARKET
Increasing level of disposal income
In United Kingdom, in 2017/18 the median disposable income per retired household was 23,888 British pounds which was 23,850 British pounds was 2016/17 and was 23119 British pounds was 2015/16. Increase in the levels of disposable income of the individuals resulting in a rise of demand for advanced hygienic products.
Few of the major competitors currently working in industrial chocolate market are Nestle Mondelēz International, Mars Incorporated, Barry Callebaut, The Hershey Company, Ferrero, Cargill Incorporated, LOTTE Co. Ltd. Chocoladefabriken Lindt & Sprüngli AG, Yildiz Holdings, Moonstruck Chocolatier, Meiji Holdings Co. Ltd., Blommer Chocolate Company, Foley’s Candies LP, Kerry Group.
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