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Below are some of the key findings from the compound chocolate market analysis report
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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.
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:
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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