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Asia-Pacific Compound Chocolate Market - Growth, Trends and Forecast (2020 - 2025)

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  • 90 Pages
  • April 2020
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5012123
The Asia-Pacific compound chocolate market is projected to grow at a CAGR of 5.8% during the forecast period.

The primary factor driving the market for compound chocolates is the robust demand for the product from the expanding food and beverage industry in the country for various applications, such as bakery, confectionery, frozen dessert, ice cream, beverages, cereals, and others.

In addition, the bakery industry in the country is also emerging as the lucrative application sector amid the growth of artisanal baked commodities, thereby, aiding the growth and demand for compound chocolates.

Key Market Trends

Growing Demand for Chocolate Confectionery

Despite rising concerns around sugar intake, consumers continue to demand every day and more indulgent treats and snacks. Premiumization of the market has been indicated by the growing use of dark chocolate, but the choice of dark, milk or white is now being broken down with the arrival of dark milk choices, offering a half-way point between rich dark and smooth milk recipes. Although chocolate confectionery consumers do not traditionally tend to have high levels of concern about health issues, the rising awareness of the need to reduce sugar intake does seem to be starting to influence new product development.

Increased Utilization in Bakery

Compound chocolate is the most commonly used chocolate in the baking industry today. Moreover, the main consumption trends within the bakery continue to be focused around concerns over healthy eating, the need for convenience, and the desire for variety. Therefore, compound chocolate provides the following characteristics needed by consumers. The shelf life of fresh baked goods enrobed with compound coating does not get affected because hard fat is used to adjust the melting point and carries enough seed to make necessary tempering. Since there is no cocoa butter (generally) present in compound chocolate, it offers cost savings, and it eliminates the time needed in tempering.

Competitive Landscape

Asia-Pacific compound chocolate market is fragmented with the presence of several players competing for the market share. The major players in the market are focusing on new product launches, expansion, mergers and acquisitions and partnerships to gain a competitive advantage in the market and therefore strengthening their hold in the market. The key players in the market are Cargill, Puratos, The Barry Callebaut Group, and Fuji Oil Holding Inc among others.

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Table of Contents

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
3.1 Market Overview
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Type
5.1.1 Dark Chocolate
5.1.2 Milk Chocolate
5.1.3 White Chocolate
5.2 By Form
5.2.1 Chocolate Chips/Drops/Chunk
5.2.2 Chocolate Slab
5.2.3 Chocolate Coatings
5.2.4 Other Products
5.3 By Application
5.3.1 Bakery
5.3.2 Confectionery
5.3.3 Frozen Desserts and Ice-Cream
5.3.4 Beverages
5.3.5 Cereals
5.3.6 Others
5.4 Geography
5.4.1 Asia Pacific China Japan India Australia Rest of Asia-Pacific
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Cargill, Incorporated
6.4.2 Puratos
6.4.3 The Barry Callebaut Group
6.4.4 Aalst Wilmar Pte Ltd
6.4.5 Fuji Oil Holding Inc
6.4.6 KCG Corporation
6.4.7 Unigra
6.4.8 The Bühler Holding AG

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Cargill, Incorporated
  • Puratos
  • The Barry Callebaut Group
  • Aalst Wilmar Pte Ltd
  • Fuji Oil Holding Inc
  • KCG Corporation
  • Unigra
  • The Bühler Holding AG