India Compound Chocolate Market is expected to grow with the CAGR of 13.8% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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India compound chocolate market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in India compound chocolate market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Cargill, Incorporated, expanded its chocolate manufacturing business by launching its first chocolate manufacturing operation in Asia. The facility is expected to begin operating in mid-2021 and will initially produce 10,000 tons of chocolate compounds. To help the food industry meet this growing chocolate demand, Cargill is partnering with a local manufacturer in western India. This new chocolate manufacturing operation will help the company strengthen its Indian chocolate market position and increase revenue.
Morde Foods Pvt Ltd is the dominating player in India compound chocolate market. The other key players existing in the market includes PURATOS, DP Chocolates, Pure Temptation, Denali Foods, Cargill, Incorporated, THE CAMPCO LTD, Barry Callebaut, GCMMF, and SUNBEEN IMP among others.
Morde Foods Pvt Ltd is headquartered in Maharashtra, India which was founded in 1983. The company is focuses on producing chocolates, fillings, creams, compounds, cocoa products and decorations in addition to inclusions, chocopastes and even chocodips. The company offers wide range of product categories such as Chocolates, Compounds, Panned, Fillings, Chips, and Pastes among which compounds is focused category. The company has a presence in India.
Barry Callebaut is headquartered in Zurich, Switzerland, which was founded in year 1996. The company focuses on providing added-value products and services adapted to specific market needs, ahead of trends and at a competitive price. The company offers various brand categories such as Cocoa Barry, Callebaut, Caprimo, Carma, IBC Belgium, Van Houten Drinks, Van Houten Professionl among which Van Houten Professionl is focused category. The company has presence in Europe, Americas, Asia-Pacific, Middle East and Africa. It also generates its revenue through its subsidiaries such as Barry Callebaut Cocoa AG (Switzerland), Barry Callebaut Belgium N.V. (Belgium), Barry Callebaut India Private Ltd. (India), D'Orsogna Sweet Ingredients Private Ltd. (India), and Barry Callebaut Malaysia Sdn Bhd (Malaysia) among others.
DP Chocolates is headquartered in Hyderabad, India which was founded in 2007. The company focuses on offering its cocoa products to biscuit manufacturers, ice-cream manufacturers, and industrial & consumer chocolate manufacturers among others. The company has product categories which are Cocoa Products, Chocolates, Compounds, Pastes & Dips, and Others in which chocolates and compounds is market focused category. The company has wide presence in India.
India Compound Chocolate Market – Industry Trends and Forecast to 2028