The global industrial chocolate market size reached US$ 7.68 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 10.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.59% during 2023-2028. The surging demand for sugar-free and organic chocolates, the rising popularity of premium dark chocolates, and the growing product usage in the bakery and confectionery industry represent some of the key factors driving the market.
Industrial chocolates are mass-produced chocolate products made for commercial purposes, such as baking, confectionery, and beverages. It is produced by processing cocoa beans into cocoa liquor and combining various other ingredients such as sugar, milk powder, and vegetable oil. It involves large-scale, mechanized processing methods and is carried out in specialized facilities for efficient and cost-effective production. Industrial chocolate is used in various food products, such as candy bars, chocolate-coated snacks, baking mixes, and hot chocolate mixes. In addition to this, it finds numerous applications across the food service industry in making desserts, pastries, and beverages.
Industrial chocolates are mass-produced chocolate products made for commercial purposes, such as baking, confectionery, and beverages. It is produced by processing cocoa beans into cocoa liquor and combining various other ingredients such as sugar, milk powder, and vegetable oil. It involves large-scale, mechanized processing methods and is carried out in specialized facilities for efficient and cost-effective production. Industrial chocolate is used in various food products, such as candy bars, chocolate-coated snacks, baking mixes, and hot chocolate mixes. In addition to this, it finds numerous applications across the food service industry in making desserts, pastries, and beverages.
Industrial Chocolate Market Trends:
The shifting preference for sugar-free, low-calorie, and organic chocolates over traditional chocolates among the rising health-conscious consumers represents the prime factor driving the market growth. Besides this, the surging need for high-quality, premium chocolates, the growing demand for cocoa butter substitutes, and the escalating consumer awareness about the numerous health benefits of consuming dark chocolate are creating a favorable outlook for the market. Moreover, the largescale demand for industrial chocolates from the thriving confectionery industry for producing candy bars and chocolate-coated snacks, combined with extensive product utilization in the cosmetics, pharmaceutical, and nutraceutical industries, are aiding in market expansion. In addition to this, expanding demand for chocolate-based desserts, snack bars, and beverages, especially among on-the-go millennials and youngsters, is presenting remunerative growth opportunities for the market. Concurrent with this, ongoing product innovations, the widespread trend of gifting chocolates, and the increasing popularity of baked products, such as chocolate cakes, pastries, donuts, and cupcakes, are contributing to the market growth. Furthermore, the bolstering growth of the food service industry, the inflating disposable income of individuals, and the easy availability of innovative product variants through numerous online and offline retail stores are positively impacting the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global industrial chocolate market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type and application.Product Type Insights:
- Cocoa Powder
- Cocoa Liquor
- Cocoa Butter
- Compound Chocolate
Application Insights:
- Bakery Products
- Confectionery
- Bakery Premixes
- Beverages
- Frozen Desserts and Ice Creams
- Others
Regional Insights:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial chocolate market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Berry Callebaut AG, Campco Chocolates, Cargill Incorporated, Cemoi Chocolatier, Clasen Quality Chocolate, Foleys Candies LP, Fuji Oil Co. Ltd., Guittard Chocolate Company, Kerry Group PLC, Natra SA, The Hershey Company, etc. Kindly note that this only represents a partial list of companies and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global industrial chocolate market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global industrial chocolate market?
- What is the impact of each driver, restraint, and opportunity on the global industrial chocolate market?
- What are the key regional markets?
- Which countries represent the most attractive industrial chocolate market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the industrial chocolate market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the industrial chocolate market?
- What is the competitive structure of the global industrial chocolate market?
- Who are the key players/companies in the global industrial chocolate market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Industrial Chocolate Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Berry Callebaut AG
- Campco Chocolates
- Cargill Incorporated
- Cemoi Chocolatier
- Clasen Quality Chocolate
- Foleys Candies LP
- Fuji Oil Co. Ltd.
- Guittard Chocolate Company
- Kerry Group PLC
- Natra SA
- The Hershey Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7.68 Billion |
| Forecasted Market Value ( USD | $ 10.1 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
