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

  • ID: 4386907
  • Report
  • Region: Europe
  • 104 pages
  • Mordor Intelligence
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The Europe 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). Compound chocolates commonly known as imitation chocolates are made up of cocoa or carob with vegetable fat and sweeteners. These are not pure chocolate as Cocoa butter in chocolate is replaced fully or to some extent by cheaper cocoa butter substitutes in the product.

EU is the leader in the chocolate consumption, about 50% of the world cocoa consumer. The Europe compound chocolate market is fastest emerging market and is the largest exporter of chocolate confectionery in the world to US, Switzerland, Norway, Canada, Australia and Japan. The increased demand for cocoa products, insatiable demand for chocolate has increased the compound chocolate market in Europe. Compound chocolates are produced in the form of large slabs, chips and coverings.

The increased consumption of cocoa products in the region and the developed taste of chocolate is driving the compound chocolate market. The major drivers includes increased applications of compound coatings and chips in the bakery and confectionery products, increased price of cocoa butter and cocoa powder, limited and tight supply of cocoa products in the market, cheaper price of compound chocolates. The EU food laws allows the addition of 5% of vegetable fat in the chocolate definition which hit the compound chocolate industries and is a major diver for this market. The increased demand of confectionery products and bakery applications of chocolates have supported the compound chocolate market. The addition of vegetable fat which is undesirable for health which makes it low quality product and the consumer preference to pure chocolate being the restrain for the market growth.

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.

Increased consumption and production of cocoa products and the EU food law has provided an opportunity for the growth of compound chocolate market in the region. The established market of pure chocolate being a major challenge for this market. 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 Europe 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 Europe 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 Scarcity of cocoa and cocoa butter supply Increased demand for chocolate and cocoa products Low price of compound chocolate Availability of cocoa butter substitute in the market High cost of cocoa butter
4.2.2 Restraint Regulatory barrier Consumer preferance for pure chocolate
4.2.3 Opportunity Increased in chocolate crisis in the market 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 Asia-Pacific China Japan India Australia 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