Global Industrial Chocolate Market, By Distribution Channel (Online, Offline), Application (Confectionery, Biscuits and Bakery Products, Dairy and Desserts, Ice Creams and Frozen Items, Cereals, Other Industrial Chocolate Applications), Type (Milk/White Chocolate, Dark Chocolate), Product (Softlines/ Selflines, Countlines, Molded Chocolates, Others) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Industrial chocolate market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 4.15% in the above-mentioned forecast period. Growing awareness on the health benefits of pure and dark chocolate drives the industrial chocolate market.
Industrial chocolate is usually brown and sweet, and are made from cocoa liquor or paste. The paste/cocoa liquor undergoes a process called coaching in which butter along with other ingredients like sugar and powdered milk are added to it. Industrial chocolate industry has low technology barrier and is a labour-intensive industry. There are numerous companies involved in the production of chocolate.
Rising recent change in the lifestyle and consumption pattern is a vital factor escalating the market growth, also rising focus on texture for a multisensory experience, rising income levels of the consumers, increasing awareness regarding dark chocolate as a healthier confectionery product, which consists of antioxidants that protect the skin from harmful ultraviolet rays and rising impulse buying behavior among youngsters and millennials as a result of increased awareness from social websites and satellite television channels by confectionery companies, such as Nestle SA and Mars incorporated are the major factors among others driving the industrial chocolate market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the industrial chocolate market in the forecast period of 2021- 2028.
However, expensive raw materials and uncertain climatic condition and increasing chocolate substitute market are the major factors among others acting as restraints, and will further challenge the industrial chocolate market in the forecast period.
This industrial chocolate 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 industrial chocolate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial chocolate market is segmented on the basis of distribution channel, application, type and product. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of distribution channel, the industrial chocolate market is segmented into online and offline.
- Based on application, the industrial chocolate market is segmented into confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, cereals and other industrial chocolate applications.
- Based on type, the industrial chocolate market is segmented into milk/white chocolate and dark chocolate.
- The industrial chocolate market is also segmented on the basis of product into softlines/selflines, countlines, molded chocolates and others.
Industrial Chocolate Market Country Level Analysis
Industrial chocolate market is analysed and market size insights and trends are provided by country, distribution channel, application, type and product as referenced above.
The countries covered in industrial chocolate market 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).
Europe dominates the industrial chocolate market due to rising popularity of dark chocolate among consumers, rising product availability at retail stores, rising focus on texture for a multisensory experience and rising income levels of the consumers in this region. Middle East and Africa is the expected region in terms of growth in industrial chocolate market due to increasing number of specialty retailers and increasing recent change in the lifestyle and consumption pattern on this region.
The country section of the industrial chocolate 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 Industrial Chocolate Market Share Analysis
Industrial chocolate 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 industrial chocolate market.
The major players covered in the industrial chocolate market report are Mondelēz International., Mars, Incorporated and its Affiliates, 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., FUJI OIL CO., LTD, Clasen Quality Coatings, Inc. and NATRA 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 analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Customization Available : Global Industrial Chocolate Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.