Africa Compound Chocolate Market - By Product Type, Application and Geography-Market Shares, Forecasts And Trends 2017 - 2022

  • ID: 4386905
  • Report
  • Region: Africa
  • 91 pages
  • Mordor Intelligence
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The Africa Compound chocolate market has estimated to be XX billion US$ in 2014 and expected to reach XX billion US$ by 2020 at a CAGR of XX% during the forecasted period (2017 - 2022). Chocolates are composed of cocoa powder, cocoa butter and sweeteners while Compound chocolates generally termed as imitation chocolate, compound coating, confectioners chocolate are the substitute for chocolate which is made up of cocoa or cacao, vegetable fat and sweeteners.

Africa is the world largest producer of cocoa accounts for 70% of the world cocoa and high quality cocoa products. However the consumption of cocoa products is very less only 3% of its production. Compound chocolates are mainly used in industrial applications and small bakery and confectioneries units. Generally the chocolates are produced in the form of large slabs, chips and coverings.

The increased production of cocoa in the region, availability of local supplier for raw materials, availability of cocoa butter substitute, increased industrial applications and low cost of compound chocolate are the major drivers for the compound chocolate market. The applications of chocolates into bakery and confectionery products are in high demand that increases the market growth. However the regulatory barrier to the compound chocolate products being a restraint for the market. The low industrial development in the region, and low economy, use of cocoa butter substitute which is a vegetable fat unfit for health, low quality chocolate as compare to the pure chocolate, increased demand for premium chocolates are affecting the market growth in the region.

Market segmentation includes the application type, product type, and by geography. In the application type the imitation chocolates are used in industrial applications of bakery and confectionery products, as a direct chocolate for end consumers, and in ice creams. The increased demand of coatings and coverings for the bakery products has raised its popularity among bakery applications. The market is sub segmented on the product type as compound chocolate chips, coverings, slabs and chocolate bars. The chocolate chips are mainly used in ice cream, biscuits and cookies products. Chocolate slabs are commercially manufactures for industrial applications where it is melted and further processed into final product.

The established pure chocolate market in Africa being a big challenge for the compound chocolate market making it more restricted to confectionery applications mostly. The low infrastructural development in the region and less consumer awareness is also a hurdle for the market. Egypt and South Africa are the major market for compound chocolates in the region. The major The key players in the market are Cargill Incorporated (U.S), ADM, Puratos (Belgium), Barry Callebaut (Switzerland), Nestle (USA), Lindt , Meji Co., (Japan), and Ferrero Rocher among others. The major competitors prefers investment in new product development with more functional properties and marketing strategy for maintaining their market position.

Key Deliverables:

Market analysis for the Africa Compound Chocolate Market, with region specific assessments and competition analysis on global and regional scales

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market shares

Identification and analysis of the macro and micro factors that affect the Africa compound chocolate market on both global and regional scales

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers Availability of cocoa in the region Increased demand for chocolate and cocoa products Low price of compound chocolate Availability of cocoa butter substitute in the market
4.2.2 Restraint Regulatory barrier Consumer preferance for pure chocolate
4.2.3 Opportunity High cocoa production in the region Best suitable for bakery and industrial application
4.2.4 Porter Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of New Entrants Threat of Substitute Products and Services Degree of Competition
5.1 By Application
5.1.1 Compound chocolates
5.1.2 Bakery and confectionery
5.1.3 Ice cream
5.2 By Product Type
5.2.1 Chocolate chips
5.2.2 Chocolate slab
5.2.3 Chocolate covering
5.2.4 Chocolate bar
5.3 By Geography
5.3.1 South America Brazil Argentina Others
6. Competitive Landscape
6.1 Mergers & Acquisitions
6.2 Joint Ventures
6.3 New Product Launches
6.4 Most active companies by market strategies
6.5 Market Share Analysis
7. Company Profiles
7.1 Cargill Incorporated U.S
7.2 Puratos
7.3 Barry Callebaut
7.4 Nestle
7.5 Meji Co.,
7.6 Ferrero
7.7 ADM
7.8 Lindt
7.9 yake china co., Ltd
7.10 Aalst Chocolate
7.11 Beryl chocolate and confectionery
7.12 Goteborgs
7.13 Benns
8. Appendix
8.1 Disclaimer
8.2 Sources
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Note: Product cover images may vary from those shown