Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Outlook on the Global Industrial Chocolate Market, 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global Industrial Chocolate market is on a trajectory of impressive growth, with an estimated value of $57.8 billion in 2022. Projections indicate that this market is set to reach a substantial $81.8 billion by 2030, marking a noteworthy CAGR of 4.4% during the period from 2022 to 2030. This report identifies key segments within this market, with Cocoa Butter expected to record a robust CAGR of 5.1%, reaching $38.9 billion by the end of the analysis period. Additionally, growth in the Cocoa Powder segment is estimated at a steady 4.2% CAGR over the next eight years.
Quick Summary
In the rapidly evolving consumer market, understanding the complex dynamics of the Industrial Chocolate sector is a must. This essential, data-driven report delivers a comprehensive view of the industry's global landscape, analyzing key components like Cocoa Butter and Cocoa Powder segments. The analysis digs deep into the growth rates and future projections, helping you navigate this vibrant market competently.
The report's geographic coverage is broad, including fast-growing markets such as China, market stalwarts such as the U.S., and promising regions such as Asia-Pacific. This inclusive approach ensures a holistic understanding of the market dynamics on a macro scale. It offers competitor analysis, key market shares insights, and market presence analysis across numerous geographies, thus equipping you with all valuable tools for developing an impactful market strategy and making highly informed business decisions.
U.S. Market Valued at $13.3 Billion, China's Growth at 6.8% CAGR
In 2022, the Industrial Chocolate market in the United States was valued at a substantial $13.3 billion. Meanwhile, China, as the world's second-largest economy, is projected to achieve a market size of $7.8 billion by 2030, driven by an impressive CAGR of 6.8% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each expected to grow at rates of 2.6% and 4.7%, respectively, during the 2022-2030 period. In Europe, Germany is projected to experience growth at an approximate 3.8% CAGR. In the Asia-Pacific region, countries such as Australia, India, and South Korea are expected to contribute to the market's growth, with an estimated value of $8.4 billion by 2030.
Prominent Competitors Shaping the Landscape
The Industrial Chocolate market is characterized by intense competition, with 77 key competitors featured. Some of the notable players in this industry include:
- Aalst Chocolate Pte. Ltd.
- Barry Callebaut AG
- The Campco Ltd.
- Cargill, Inc.
- CEMOI Group
- Clasen Quality Chocolate, Inc.
- Ferrero S.p.A.
- Foleys Candies L.P.
- Fuji Oil Co. Ltd.
- Guittard Chocolate Company
- The Hershey Co.
- Lotus Chocolate Co. Ltd.
- Mars Inc.
- Mondelez International, Inc.
- NATRA SA
- Nestle SA (Switzerland)
These leading companies are at the forefront of innovation and market development, aiming to meet the evolving needs of the industry.
Latest Insights and Offerings in the Market
In addition to market statistics and competitor analysis, this report provides several valuable insights and offerings:
- Special discussions on the global economic climate and market sentiment.
- Coverage on global competitiveness and key competitor percentage market shares.
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial.
- Online interactive peer-to-peer collaborative bespoke updates.
- Access to digital archives and a research platform.
- Complimentary updates for one year.
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts, and market influencers via interviews, podcasts, press statements, and event keynotes.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 411 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $57.8 Billion |
| Forecasted Market Value (USD) by 2030 | $81.8 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Industrial Chocolate: A Prelude
- Chocolate Products
- Types of Chocolates
- Global Economic Update
- World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
- From Pandemic to War & Inflation: "Subdued Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
- Here's How Inflationary Pressures Affect the Economy
- Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
- Here's What's Causing Inflationary Pressures in the Global Market
- Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
- Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Persistent Challenges & Slower Decline in Underlying Core Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- COVID-19 Impact on Industrial Chocolate Market
- Competitive Scenario
- Industrial Chocolate - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Industrial Chocolate Market Set to Witness Rapid Growth
- Global Industrial Chocolate Market Relishes Scoopful of Gains with Medley of Drivers & Trends
- Cocoa Butter Wins Consumer Favor for Flavor
- Confectionery Grabs the Largest Pie, Chocolate Dives Deep into Dairy Products
- Developed Markets: Traditional Revenue Contributors
- Developed Regions Market Trends
- Asia-Pacific Brims with Notable Growth Potential
- China
- Growth Restrains
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Awareness about Health Benefits of Cocoa Drives Market Demand
- Prominent Trends Stirring the Industrial Chocolate Market Right Now
- Crafted to Taste: Increasing Allure of Artisan Chocolates Drives Demand for Industrial Chocolates
- Bean-to-Craft Bar
- Creativity & Product Launch Catalyze Expansion
- Technological Advances Create Perfect Moments for Next-Level Chocolate Production
- Technology Trends Redefining Commercial Chocolate Production
- Ruby Chocolate: The Bright Star Unlocking Dazzling Avenues for Industrial Chocolate
- Demand for Savory Flavored Chocolates Gains Momentum Driving Market Expansion
- Constantly Rising Awareness Regarding Maintaining a Healthy Lifestyle is Propelling Use of Natural Sweeteners
- Use of Organic Ingredients for Manufacturing Chocolates Witnesses a Surge
- Demand for Gluten-Free and Plant-Based Chocolates Witnesses a Surge
- The Market for Industrial Chocolate to Benefit from Dark Chocolate's Increased Consumption
- Immersing Consumers in Multisensory Experiences
- Link with Mental Health
- Gourmet Chocolates: A Niche and Attractive Market
- Start-ups Stir Up the Industrial Chocolate Play
- Increasing Demand for Premium Chocolates in the Travel-Retail Segment Bodes Well for Market Growth
- The Rise in Health-improving Food Product Demand to Propel Superior-quality Industrial Chocolate Sales
- Growing Food & Beverage Sector Drives the Demand for Industrial Chocolates
- Confectionery: A Vibrant End-Use Vertical for Industrial Chocolate Market
- Volatile Cocoa Prices Impact the Confectionery Industry
- Global Cocoa Prices (Sept-2019 to Sept-2023) (in US$/Tonne)
- Cocoa Supply Chain Undergoes Change
- World Cocoa Production (2023): Percentage Breakdown of Production by Region
- Sustainable Practices in Cocoa Production
- Dairy Products: A Market Laden with Opportunities for Industrial Chocolate
- Global Production of Milk, Butter and Cheese (in kt pw) by Developed and Developing Countries for Average 2018-20, 2021 and 2030
- Sustained Demand for Frozen Desserts & Ice Cream Augurs Well for Industrial Chocolate Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/jvqm4f
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