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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Milk compound chocolate - Market size and forecast 2018-2023
- Dark compound chocolate - Market size and forecast 2018-2023
- White compound chocolate - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing M&A and strategic alliances
- Growing trend of premiumization
- Emergence of private label brands
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Barry Callebaut
- Cargill, Incorporated.
- MagicalButter.com, PBC
- Nestlé
- PURATOS
PART 14: APPENDIX
- Research methodology
- List of abbreviations
PART 15: EXPLORE TECHNAVIO