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Industrial Chocolate - Global Market Trajectory & Analytics

  • ID: 4805835
  • Report
  • February 2022
  • Region: Global
  • 332 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Aalst Chocolate Pte Ltd.
  • Cargill, Inc.
  • Ferrero SpA
  • Fuji Oil Co. Ltd.
  • Mars Inc.
  • Nestle SA (Switzerland).

Global Industrial Chocolate Market to Reach $66.7 Billion by 2027


Amid the COVID-19 crisis, the global market for Industrial Chocolate estimated at US$49.6 Billion in the year 2020, is projected to reach a revised size of US$66.7 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Confectionery, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$19.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biscuits & Bakery Products segment is readjusted to a revised 4.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $11.3 Billion, While China is Forecast to Grow at 6.4% CAGR


The Industrial Chocolate market in the U.S. is estimated at US$11.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2027 trailing a CAGR of 6.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Dairy & Desserts Segment to Record 5% CAGR


In the global Dairy & Desserts segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.5 Billion in the year 2020 will reach a projected size of US$10.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.3 Billion by the year 2027, while Latin America will expand at a 6.1% CAGR through the analysis period.

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).
Frequently Asked Questions about the Global Market for Industrial Chocolate

What is the estimated value of the Global Market for Industrial Chocolate?

The Global Market for Industrial Chocolate was estimated to be valued at $49.6 Billion in 2020.

What is the growth rate of the Global Market for Industrial Chocolate?

The growth rate of the Global Market for Industrial Chocolate is 4.3%, with an estimated value of $66.7 Billion by 2027.

What is the forecasted size of the Global Market for Industrial Chocolate?

The Global Market for Industrial Chocolate is estimated to be worth $66.7 Billion by 2027.

Who are the key companies in the Global Market for Industrial Chocolate?

Key companies in the Global Market for Industrial Chocolate include Aalst Chocolate Pte Ltd., Barry Callebaut AG, The Campco Ltd., Cargill, Inc., CEMOI Group, Clasen Quality Chocolate, Inc., Ferrero SpA, Foleys Candies LP and Guittard Chocolate Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aalst Chocolate Pte Ltd.
  • Cargill, Inc.
  • Ferrero SpA
  • Fuji Oil Co. Ltd.
  • Mars Inc.
  • Nestle SA (Switzerland).

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • 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
  • 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
  • Industrial Chocolate – Global Key Competitors Percentage Market Share in 2022 (E)
  • Global Chocolates Competitor Market Share (in %): 2019E
  • Leading Players Market Share (%) in Global Confectionery Market: 2019E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 50 Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Overview of the End Use Industry of Industrial Chocolates
  • Confectionery
  • World Confectioneries Market in US$ Billion by Geographic Region (2019E & 2022F)
  • Biscuits & Bakery Products
  • World Bakery Products & Biscuits Market in Million Tons by Geographic Region (2019E & 2022F)
  • Per Capita Consumption of Bakery Products (in US$) by Select Countries: 2017
  • Per Capita Consumption of Biscuits (in US$) by Select Countries: 2017
  • Dairy & Desserts
  • 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
  • World Cocoa Production (2017-18): Percentage Breakdown of Production by Region
  • Cocoa Grinding Countries by Output in Thousand Tons
  • Trends Restraining the Industrial Chocolates Market
  • Growing Incidence of Obesity
  • Obesity Statistics - A Glance
  • 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
  • Global Sugar Production (2018/19): Production Volume in Million Tonnes and Percentage Breakdown by Region/Country
  • 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

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Japanese Chocolate Industry
  • Japanese Chocolate Products Per Capita Consumption (in Kg) for 2011, 2015 and 2019E

CHINA

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • 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

EUROPE

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Industrial Chocolate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 50
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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