Global Chocolate Ingredients Market, By Type (Milk, Cocoa, Lecithin, Flavors, Others), Category (Dark Chocolate, Milk Chocolate, Sweet dark Chocolate, White Chocolate, Others), Application (Confectionary Products, Dairy and Baked Products, Beverages, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Chocolate Ingredients Market
Data Bridge Market Research analyses that the global chocolate ingredients market to account USD 9.20 billion by 2028 and growing at a CAGR of 4.25% in the forecast period of 2021-2028.
Chocolate ingredients might include milk, cocoa, butter, liquor, sugar, and other ingredients. Chocolate is always in demand, with new types and flavours appearing on the market regularly. Chocolate ingredient prices are determined by production, particularly cocoa, which is a major component of chocolates worldwide.
Growing demand for dark chocolate due to various health benefits, such as improved blood flow, skin protection, reduced risk of heart disease, and surge in the demand and preference of consumers for chocolate are the major factors attributable to the growth of the chocolate ingredients market. Also, various properties associated with chocolate, such as being rich in antioxidants, minerals, soluble fibres and bioactive compounds, will influence the growth of the chocolate ingredients market. Adoption of innovation by manufacturers such as natural sweeteners and unique coca beans will drive the market growth rate.
Rise in awareness about the benefits of chocolate and the emerging new market will boost the opportunities for the growth of the chocolate ingredients market.
However, the high cost associated with premium chocolates and rise in the number of diabetic populations that refrain them from chocolate products will impede the growth of the chocolate ingredients market. Reduction in the production of cocoa and sugar, which are the main chocolate ingredients will challenge the market growth.
This chocolate ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on chocolate ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Chocolate Ingredients Market Scope and Market Size
The chocolate ingredients market is segmented on the basis of type, category and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the chocolate ingredients market is segmented into milk, cocoa, lecithin, flavors and others.
- On the basis of category, the chocolate ingredients market is segmented into dark chocolate, milk chocolate, sweet dark chocolate, white chocolate and others.
- On the basis of application, the chocolate ingredients market is segmented into confectionary products, dairy and baked products, beverages and others.
Chocolate Ingredients Market Country Level Analysis
The chocolate ingredients market is analyses and market size, volume information is provided by country, type, category and application as referenced above.
The countries covered in the chocolate ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the chocolate ingredients market and will continue to flourish its trend of dominance during the forecast period due to the rising demand for chocolate ingredients and significant producers in this region. The Asia-Pacific region is expected to score the highest CAGR due to the growing demand for chocolate and rising consumer expenditure.
The country section of the chocolate ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chocolate Ingredients Market Share Analysis
The chocolate ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to chocolate ingredients market.
The major players covered in the chocolate ingredients market report are THE HERSHEY COMPANY, PURATOS, ADM, PT Davomas Abadi Tbk, Godiva, Barry Callebaut, Mars, Incorporated, Cargill, Incorporated, pladis global, The Kraft Heinz Company, FrieslandCampina, Britannia Industries, Schreiber Foods Inc., Toms International, JBCOCOA Sdn. Bhd., Nestle, Lake Champlain Chocolates, Petra Foods Limited., Palsgaard, Artisan Confections, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.