Global Compound Chocolate Market 2019-2023

The global compound chocolate market size will grow by USD 3.73 billion during 2019-2023. The report offers an analysis of the market based on product (milk, dark, and white compound chocolate). The market research report further presents in-depth insights on the growth prospects of the market across APAC, Europe, MEA, North America, and South America. The report analyzes the market’s competitive landscape and offers information on several companies including Barry Callebaut, Cargill, Incorporated., MagicalButter.com, PBC, Nestlé, and PURATOS.

Below are some of the key findings from the compound chocolate market analysis report

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Global compound chocolate industry overview

The expansion of retail space in APAC is one of the critical reasons that will drive compound chocolate market growth. The strong economic growth in various APAC countries is driving the growth of the retail market when compared to countries in Europe and North America. This is encouraging numerous global players in the retail sector to take advantage of the growing opportunities and open new stores in the APAC region. Convenience stores, supermarkets, and hypermarkets, and discount stores are the most common distribution channels to sell and purchase these chocolates. Moreover, the convenience offered by the online sales channels that is driving the growth of the e-commerce sector will fuel the sale of compound this chocolate through e-commerce portals.

Additionally, the growing trend of premiumization will also drive the growth of the compound chocolate market. Premium chocolates are made from ethnically sourced ingredients and are perceived to have finer flavors and better quality. Because of factors such as the increase in disposable income and the growing focus on health consciousness, the demand for premium and luxurious confectionery items is increasing. Manufacturers are making efforts to align themselves in accordance with consumer preferences by experimenting with new flavors and exotic ingredients, which will further boost the purchase of premium chocolates. As a result of these factors, the compound chocolate market will grow at a CAGR of almost 5% during the forecast period.

Top companies covered in the compound chocolate market research report

The compound chocolate market is fairly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies the industry analysis report will help clients identify new growth opportunities and design innovative strategies to improve their market share.

The report offers a complete analysis of various companies including:

• Barry Callebaut  
• Cargill, Incorporated.
• MagicalButter.com, PBC
• Nestlé
• PURATOS

Compound chocolate market segmentation based on geographic regions

• APAC
• Europe
• MEA
• North America
• South America

Europe will account for the largest compound chocolate market share throughout the forecast period. The rising awareness of the health benefits of dark chocolates and the growing demand for dark chocolates in UK, Germany, Italy, Belgium, Switzerland, and Russia are the major reasons for the high growth of the compound chocolate market in the region.

Compound chocolate market segmentation based on product

• Milk compound chocolate
• Dark compound chocolate
• White compound chocolate

Milk compound chocolates are extensively used for enrobing, melting, dipping, and ganache in the confectionery industry. During the forecast period, the milk compound chocolate market segment will account for the highest market share. This will mainly attribute to the rising availability of milk compound chocolate across various distribution channels such as online channels and supermarkets and hypermarkets.

Key highlights of the global compound chocolate market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the compound chocolate market during the next five years
• Precise estimation of the global compound chocolate market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry across various geographies such as APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of the companies  

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