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Industrial Chocolate - Global Market Trajectory & Analytics

  • ID: 4805835
  • Report
  • April 2021
  • Region: Global
  • 332 pages
  • Global Industry Analysts, Inc
The global Industrial Chocolate market is projected to reach US$62 billion by 2025, driven by the robust popularity of affordable, mass-produced confections. Industrial chocolates have made chocolates an affordable luxury. Chocolates have emerged to be one of the most successful foods in human history. Humans and chocolates have a long and serious history that dates back 5000 years to the Mayo-Chinchipe culture. Today, chocolates have evolved from being the food of the rich to the masses, a modest luxury for all to enjoy. Industrialization of chocolates has largely helped achieve this. Economies of scale stemming from large scale procurement of cocoa and automation of the manufacturing process from cacao bean to the final chocolate bar have helped reduce price of chocolates. Unlike boutique chocolates, industrial chocolates are manufactured with quality that is consistent and repeatable. Today, demand for cheap yet high quality chocolate continues to be high with chocolate making giants continuously innovating with portion controlled packaging, sugar-free variants, heart-healthy dark chocolate and fortified chocolates of unbelievable variety. With a dizzying array of beautifully packaged bars, industrial chocolate giants such as Hershey Company, Nestle S.A., Blommer Chocolate Company & Cargill hold a mind share in the chocolate market despite the rising competition from emerging chocolate categories.

Growth in the market is benefiting from the emerging trend of chocoholism supported by the growing body of medical evidence that links chocolate to a variety of health benefits such as source of antioxidants which are vital for cell-protection; cocoa beans are rich in polyphenol and elevates mood; reduced heart disease risk; improved blood flow and lower blood pressure; improves brain function; helps with cognitive decline and memory loss associated with Alzheimer`s disease; protects skin from the sun related damage; reduces inflammation and improves cholesterol levels; reduces fatigue and helps the body produce more endorphins. As this once indulgent treat becomes a functional food, the affordability advantage offered by industrial chocolates will only grow in importance in the coming years. Although specialty chocolates are evolving, the category is still defining itself and poses no immediate threat to the industrial chocolate market. Apart from being expensive, specialty chocolates such as craft, artisanal and small batch suffer from lack of transparency in food labelling. The United States and Europe represent large markets worldwide with a combined share of 64.2%. China ranks as the fastest growing market with a 6.8% CAGR over the analysis period. After decades of resistance, the Chinese are finally developing a taste for chocolates supported by economic reforms, increase in domestic consumption, and opening up of the country to global cuisines.

As the countrys appetite for imported food increases, chocolates with their Latin American and European origin have ample scope for growth. Industrial chocolates have helped chocolates emerge from being an exotic delicacy and extravagant treat to an everyday foodstuff. Growing disposable income and growing consumption of coffee are pushing up demand for chocolate in the country. Asia-Pacific excluding China follows next with a 6.2% CAGR led by India, Singapore and other Southeast Asian countries.

Select Competitors (Total 50 Featured):
  • Aalst Chocolate Pte Ltd.
  • Barry Callebaut AG
  • The Campco Ltd.
  • Cargill, Inc.
  • CEMOI Group
  • Clasen Quality Chocolate, Inc.
  • Ferrero SpA
  • Foleys Candies LP
  • Fuji Oil Co. Ltd.
  • Guittard Chocolate Company
  • The Hershey Co.
  • Lotus Chocolate Co. Ltd.
  • Mars Inc.
  • Mondelez International, Inc.
  • NATRA SA
  • Nestle SA (Switzerland).
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Chocolate: The World’s Most Popular Sweet Treat
  • An Insight into the Historical Journey of Chocolate
  • Industrial Chocolate: A Prelude
  • Chocolate Products
  • Types of Chocolates
  • Manufacturing Process
  • Chocolate Evolves as Key Ingredient at the Crossroads of Health and Indulgence
  • Exhibit 1: Chocolate Consumption Per Capita in Kg for USA, Europe, China, India, Brazil
  • Festivals & Holidays: Time for Yummy Chocolates
  • Resistance to Chocolate is Frivolous, Industrial Chocolate Market Thrives
  • Confectionery Grabs the Largest Pie
  • Developed Markets: Traditional Revenue Contributors
  • Developing Regions: The Focal Point for Future Growth
  • Competitive Scenario
  • Product Differentiation: A Key Mantra for Success
  • Overview of the End Use Industry of Industrial Chocolates
  • Confectionery
  • Exhibit 2: World Confectioneries Market in US$ Billion by Geographic Region (2019E & 2022F)
  • Biscuits & Bakery Products
  • Exhibit 3: World Bakery Products & Biscuits Market in Million Tons by Geographic Region (2019E & 2022F)
  • Exhibit 4: Per Capita Consumption of Bakery Products (in US$) by Select Countries: 2017
  • Exhibit 5: Per Capita Consumption of Biscuits (in US$) by Select Countries: 2017
  • Dairy & Desserts
  • Exhibit 6: World Dairy Products Market in US$ Billion by Geographic Region (2019 & 2022)
  • Ice Creams & Frozen Items
  • Cereals
  • High Demand for Compound Chocolate
  • Key Drivers Influencing the Market
  • Cultural Influences and Seasonality Influences Demand for Chocolates
  • Trend towards Clean-Label Chocolate Gains Traction
  • Premiumization & New Flavors Add to Consumer Appeal
  • Chocolate Personalization and Customization Widen Addressable Market
  • Variations in Industrial Chocolates Encourage Use in Special Diets
  • Saturating Demand for Chocolate Pushes Manufacturers to Develop Innovative Products
  • Development of Innovative Chocolate Flavors Gains Traction
  • Regulations Lay Emphasis on Transparent Labeling
  • Cocoa Supply Chain Undergoes Change
  • Technology Innovations Aid Change in Supply Chain
  • Sustainable Practices in Cocoa Production
  • Exhibit 7: World Cocoa Production (2017-18): Percentage Breakdown of Production by Region
  • Exhibit 8: Cocoa Grinding Countries by Output in Thousand Tons
  • Trends Restraining the Industrial Chocolates Market
  • Growing Incidence of Obesity
  • Obesity Statistics - A Glance
  • Exhibit 9: Proportion of Overweight Children (Girls and Boys) in Total Population in Top 10 Countries with the Highest Overweight Children Population
  • Besides Obesity, Chocolates Associated with Other Health Issues
  • Concerns with Food Safety
  • Increasing Health Concerns of Sugar Dampens Chocolate Consumption
  • Significant Distortion in Global Sugar Industry
  • Exhibit 10: Global Sugar Production (2018/19): Production Volume in Million Tonnes and Percentage Breakdown by Region/Country
  • Exhibit 11: Global Sugar Prices (2010-2019E) (in US$/Tonne)
  • Market Challenges
  • The Dynamics of Chocolate Pricing
  • Price Fluctuation to Challenge Market Growth
  • New Entrants Pose Threats
  • Threat of Substitute Products
III. MARKET ANALYSIS
  • Japanese Chocolate Industry
  • Japanese Chocolate Products Per Capita Consumption (in Kg) for 2011, 2015 and 2019E
  • Chinese Chocolate Industry
  • Chinese Chocolate Confectionery Average Revenue Per Capita (in US$) for Years 2011, 2015, 2019E and 2023F
  • Chinese Chocolate Confectionery Average Price Per Unit (in US$) for Years 2011, 2015, 2019E and 2023F
IV. COMPETITION
  • Total Companies Profiled: 50
Note: Product cover images may vary from those shown
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