“The influential Compound Chocolate Market Report provides a list of key competitors, strategic industry analysis, and insights into key factors influencing the Compound Chocolate Market industry. The market analysis and insights included in this market research report offer key statistics on the market status of global and regional manufacturers and are an important source of guidance that provides sound direction for companies and individuals interested in the industry. The first-class Compound Chocolate s Market Report also includes all the data covering market definition, classification, application, involvement, market drivers, and market restrictions obtained with the help of SWOT analysis.
The Compound Chocolate s Market research report covers a methodical investigation of the current global market scenario, encompassing several market dynamics. This report provides the fluctuation of CAGR value during the forecast period of 2023-2030 for the market. The study and analysis carried out in this business report also helps to know the type of consumers, their views about the product, their purchasing intentions, and their ideas for the progress of a product. This report helps businesses know their market share over various time periods, transportation, storage, and supply needs of their products. Persuasive Compound Chocolate Market analysis reports provide useful insights that help while launching new products.
Data Bridge Market Research analyses that the compound chocolate market was valued at USD 36.10 billion in 2021 and is expected to reach the value of USD 61.56 billion by 2029, at a CAGR of 6.90% during the forecast period of 2022-2029.
Explore Further Details about This Research Compound Chocolate Market Report https://www.databridgemarketresearch.com/reports/global-compound-chocolate-market
Report Scope and Market Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 – 2014) |
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Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Type (Dark, Milk, and White), Form (Chocolate Chips/Drops/Chunks, Chocolate Slabs/Bars, Chocolate Coatings, and Other Forms), Application (Bakery, Confectionery, Frozen Dessert and Ice Cream, Beverages, Cereals, and Other Applications) |
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Countries Covered |
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 Global, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa |
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Market Players Covered |
Cemoi Chocolatier (France), Republica del Cacao (Ecuador), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), Fuji Oil Holdings Inc. (Japan), Guittard Chocolate Co. (U.S.), Ghirardelli Chocolate Co. (U.S.),, Varihona Inc. (France), Barry Callebaut AG (Switzerland), Alpezzi Chocolate SA De CV (Mexico), Kerry Group Plc (Ireland), Olam International Ltd. (Singapore), Tcho Ventures Inc. (U.S.), The Hershey Company (U.S.), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley’s Candies LP (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy) |
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Opportunities |
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Market Definition
Compound chocolate is a product made from cocoa, vegetable fat, and sweeteners. Compound chocolate uses less expensive hard vegetable fats and palm kernel oils and is a less expensive alternative to real chocolate, which contains expensive cocoa butter. Compound chocolate is used in candy coatings. In compound coatings, replace chocolate liquor and cocoa butter with cocoa powder and vegetable oil.
Compound Chocolate Market Dynamics
Drivers
- Growing awareness about benefits of compound chocolate
The compound chocolate market is rising as people become more aware of the health benefits of eating cocoa-rich foods. Cocoa aids in the reduction of hypertension, chronic fatigue syndrome, sunburn protection, and other human health benefits. Polyphenols in cocoa serve to protect the body’s tissues from oxidative stress and related diseases including cancer and inflammation. These reasons are also propelling the compound chocolate industry forward.
- Growing demand for blended chocolate
The technical benefits and simple manufacturing method that does not require tempering, there is an increasing demand for blended chocolate in industrial and bakery applications, which is projected to fuel compound chocolate market expansion. Furthermore, the increased price of cocoa butter, the market’s limited supply of cocoa products, and the low price of blended chocolate have increased demand in the compound chocolate market.
Opportunity
Theobromine, found in cocoa powder, aids in inflammation reduction and protects against severe diseases. Since cocoa contains a high concentration of phytonutrients while being low in fat and sugar, the calories obtained from cocoa powder are rich in beneficial compounds as they are made from agitated, dried, unroasted cacao beans, raw products are often less processed and healthier. Nonetheless, typical dark chocolate containing at least 70% cacao is a good source of antioxidants and minerals, creating a huge market opportunity.
Key questions answered in the Compound Chocolate Market are:
- What is Compound Chocolate Market?
- What was the Compound Chocolate Market size in 2022?
- What are the different segments of the Compound Chocolate Market?
- What growth strategies are the players considering to increase their presence in Compound Chocolate Market?
- What are the upcoming industry applications and trends for the Compound Chocolate Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Compound Chocolate Market?
- What major challenges could the Compound Chocolate Market face in the future?
- What segments are covered in the Compound Chocolate Market?
- Who are the leading companies and what are their portfolios in Compound Chocolate Market?
- What segments are covered in the Compound Chocolate Market?
- Who are the key players in the Compound Chocolate Market?
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