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Industrial Chocolate Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 144
  • SKU: IRTNTR43472
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The industrial chocolate market share is expected to increase by 1802.13 thousand tons from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.25%.

This industrial chocolate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial chocolate market segmentations by application (confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, and cereals and others) and geography (Europe, North America, APAC, South America, and MEA). The industrial chocolate market report also offers information on several market vendors, including Barry Callebaut AG, Cargill Inc., CEMOI Group, Lindt & Sprüngli Group, Clasen Quality Coatings Inc., Fuji Oil Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co. among others.

What will the Industrial Chocolate Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Industrial Chocolate Market Size for the Forecast Period and Other Important Statistics

 

Industrial Chocolate Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing consumer awareness about the health benefits of dark chocolate is notably driving the industrial chocolate market growth, although factors such as fluctuations in prices of cocoa and sugar may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial chocolate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Chocolate Market Driver

Growing consumer awareness about the health benefits of dark chocolate is a major factor driving the global industrial chocolate market. Dark chocolate contains moderate amounts of sugar compared to other chocolate types and offers several health benefits to consumers. Dark chocolate products are rich in organic compounds, such as polyphenols, flavonols, and catechins. The consumption of dark chocolate in moderate amounts is vital for lowering blood pressure and improving blood flow. They are known to reduce the risk of heart diseases, protect the skin against sun damage, and improve cognitive function. The rising consumer awareness about the health benefits of dark chocolate is encouraging manufacturers to develop new variants of dark chocolate products. Manufacturers are incorporating healthy ingredients, such as chia seeds and quinoa seeds, into dark chocolate products to position these products as premium, healthy offerings. Overall, the rising demand for dark chocolate is expected to boost the growth of the global industrial chocolate market during the forecast period.

Key Industrial Chocolate Market Trend

The growing popularity of personalization and mass customization is another factor supporting the global industrial chocolate market share growth. Owing to advances in artificial intelligence (AI) and printing technology, vendors such as Barry Callebaut and Hersheys Chocolate allow the mass personalization of packaged chocolates, baked goods, and ice cream with real chocolate. For instance, Barry Callebaut, in collaboration with FoodJet BV, has a chocolate solution on the market that can be used for printing with a food 2D+ printer. The printer can be connected to a computer to enable the personalization of designs and is capable of printing on food products, such as chocolate, at industrial speed. The company offers a range of chocolate types for printing, which includes family milk chocolate, milk chocolate couverture, white chocolate, gianduja chocolate, chocolate vermicelli, and chocolate flakes. Such offerings will aid in the global industrial chocolate market share growth.

Key Industrial Chocolate Market Challenge

The rise in fluctuations in prices of cocoa and sugar will be a major challenge for global industrial chocolate market share growth during the forecast period. Rapid fluctuations in the prices of cocoa worldwide have hampered the growth of the global industrial chocolate market over the last two years. Supply constraints, owing to lack of adequate rainfall in West African countries such as Ghana and Ivory Coast, have been key to fluctuations in cocoa prices during the aforementioned period. With West Africa contributing to almost three-fourths of the global cocoa production, a reduction in cocoa yield in the region is expected to widen the supply-demand gap for cocoa, further impacting cocoa prices and increasing the total cost of procurement incurred by vendors operating in the market. Price fluctuations of ingredients such as cocoa and sugar are likely to remain serious challenges to the global industrial chocolate market during the forecast period.         

This industrial chocolate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial chocolate market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial chocolate market during the forecast period.

Who are the Major Industrial Chocolate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barry Callebaut AG
  • Cargill Inc.
  • CEMOI Group
  • Lindt & Sprüngli Group
  • Clasen Quality Coatings Inc.
  • Fuji Oil Co. Ltd.
  • Mars Inc.
  • Mondelez International Inc.
  • Nestle SA
  • The Hershey Co.

 

This statistical study of the industrial chocolate market encompasses successful business strategies deployed by the key vendors. The industrial chocolate market is fragmented and the vendors are deploying growth strategies such as launching new variants of industrial chocolates to compete in the market.

Product Insights and News

  • Barry Callebaut AG- The company offers industrial chocolates such as Swiss white chocolate, classic milk chocolate, classic white chocolate with natural vanilla, classic dark chocolate, Mexico dark chocolate, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial chocolate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Chocolate Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial chocolate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global packaged foods and meats market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Industrial Chocolate Market?

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35% of the market’s growth will originate from Europe during the forecast period. Germany, Belgium and France are the key markets for industrial chocolate market in Europe. Market growth in this region will be slower than the growth of the market in all other regions.

Growing consumer awareness about the various health benefits associated with the consumption of chocolate will facilitate the industrial chocolate market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the industrial chocolate market in Europe got adversely affected due to the outbreak of the COVID-19 pandemic. Nationwide lockdowns imposed by governments in order to curb the virus spread pushed many companies to temporarily shut-down their manufacturing facilities. However, the governments in the region took some initiatives to support the food industry. For instance, the Real Bread campaign was initiated by the UK Government to support the SME bakery business to provide jobs, keep high streets alive, and aid in money circulation in local economies. The regional market will continue to register positive growth over the forecast period.

What are the Revenue-generating Application Segments in the Industrial Chocolate Market?

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The industrial chocolate market share growth by the confectionery segment will be significant during the forecast period. The market growth in this segment is being driven by a continuous flow of investments by confectionery vendors into expanding their product offerings.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial chocolate market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Chocolate Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.25%

Market growth 2021-2025

1802.13 thousand tons

Market structure

Fragmented

YoY growth (%)

3.26

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 35%

Key consumer countries

US, Germany, Belgium, France, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Barry Callebaut AG, Cargill Inc., CEMOI Group, Lindt & Sprüngli Group, Clasen Quality Coatings Inc., Fuji Oil Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Chocolate Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial chocolate market growth during the next five years
  • Precise estimation of the industrial chocolate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial chocolate industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial chocolate market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Impact of COVID-19 on consumer staples sector
    • 2.3 Value chain analysis
      • Exhibit 03: Value chain analysis: Packaged foods and meats market

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 04: Offerings of vendors included in the market definition
    • 3.2 Market segment analysis
      • Exhibit 05: Market segments
    • 3.3 Market size 2020
      • 3.4 Market outlook: Forecast for 2020 - 2025
        • Exhibit 06: Global - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

      4 Five Forces Analysis

      • 4.1 Five forces summary
        • Exhibit 08: Five forces analysis 2020 & 2025
      • 4.2 Bargaining power of buyers
        • Exhibit 09: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 10: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 11: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 12: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 13: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 14: Market condition - Five forces 2020

      5 Market Segmentation by Application

      • 5.1 Market segments
        • Exhibit 15: Application - Market share 2020-2025 (%)
      • 5.2 Comparison by Application
        • Exhibit 16: Comparison by Application
      • 5.3 Confectionery - Market size and forecast 2020-2025
        • Exhibit 17: Confectionery - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 18: Confectionery - Year-over-year growth 2020-2025 (%)
      • 5.4 Biscuits and bakery products - Market size and forecast 2020-2025
        • Exhibit 19: Biscuits and bakery products - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 20: Biscuits and bakery products - Year-over-year growth 2020-2025 (%)
      • 5.5 Dairy and desserts - Market size and forecast 2020-2025
        • Exhibit 21: Dairy and desserts - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 22: Dairy and desserts - Year-over-year growth 2020-2025 (%)
      • 5.6 Ice creams and frozen items - Market size and forecast 2020-2025
        • Exhibit 23: Ice creams and frozen items - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 24: Ice creams and frozen items - Year-over-year growth 2020-2025 (%)
      • 5.7 Cereals and others - Market size and forecast 2020-2025
        • Exhibit 25: Cereals and others - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 26: Cereals and others - Year-over-year growth 2020-2025 (%)
      • 5.8 Market opportunity by Application
        • Exhibit 27: Market opportunity by Application

      6 Customer landscape

      • 6.1 Overview
        • Exhibit 28: Customer landscape

      7 Geographic Landscape

      • 7.1 Geographic segmentation
        • Exhibit 29: Market share by geography 2020-2025 (%)
      • 7.2 Geographic comparison
        • Exhibit 30: Geographic comparison
      • 7.3 Europe - Market size and forecast 2020-2025
        • Exhibit 31: Europe - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
      • 7.4 North America - Market size and forecast 2020-2025
        • Exhibit 33: North America - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
      • 7.5 APAC - Market size and forecast 2020-2025
        • Exhibit 35: APAC - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
      • 7.6 South America - Market size and forecast 2020-2025
        • Exhibit 37: South America - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
      • 7.7 MEA - Market size and forecast 2020-2025
        • Exhibit 39: MEA - Market size and forecast 2020-2025 (thousand tons)
        • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
      • 7.8 Key leading countries
        • Exhibit 41: Key leading countries
      • 7.9 Market opportunity by geography
        • Exhibit 42: Market opportunity by geography (thousand tons)

      8 Drivers, Challenges, and Trends

      • 8.1 Market drivers
        • 8.2 Market challenges
          • Exhibit 43: Impact of drivers and challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 44: Vendor landscape
            • 9.3 Landscape disruption
              • Exhibit 45: Landscape disruption
              • Exhibit 46: Industry risks

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 47: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 48: Market positioning of vendors
            • 10.3 Barry Callebaut AG
              • Exhibit 49: Barry Callebaut AG - Overview
              • Exhibit 50: Barry Callebaut AG - Business segments
              • Exhibit 51:Barry Callebaut AG - Key news
              • Exhibit 52: Barry Callebaut AG - Key offerings
              • Exhibit 53: Barry Callebaut AG - Segment focus
            • 10.4 Cargill Inc.
              • Exhibit 54: Cargill Inc. - Overview
              • Exhibit 55: Cargill Inc. - Product and service
              • Exhibit 56:Cargill Inc. - Key news
              • Exhibit 57: Cargill Inc. - Key offerings
            • 10.5 CEMOI Group
              • Exhibit 58: CEMOI Group - Overview
              • Exhibit 59: CEMOI Group - Product and service
              • Exhibit 60:CEMOI Group - Key news
              • Exhibit 61: CEMOI Group - Key offerings
            • 10.6 Lindt & Sprüngli Group
              • Exhibit 62: Lindt & Sprüngli Group - Overview
              • Exhibit 63: Lindt & Sprüngli Group - Business segments
              • Exhibit 64:Lindt & Sprungli AG - Key news
              • Exhibit 65: Lindt & Sprüngli Group - Key offerings
              • Exhibit 66: Lindt & Sprüngli Group - Segment focus
            • 10.7 Clasen Quality Coatings Inc.
              • Exhibit 67: Clasen Quality Coatings Inc. - Overview
              • Exhibit 68: Clasen Quality Coatings Inc. - Product and service
              • Exhibit 69: Clasen Quality Coatings Inc. - Key offerings
            • 10.8 Fuji Oil Co. Ltd.
              • Exhibit 70: Fuji Oil Co. Ltd. - Overview
              • Exhibit 71: Fuji Oil Co. Ltd. - Business segments
              • Exhibit 72:Fuji Oil Co. Ltd. - Key news
              • Exhibit 73: Fuji Oil Co. Ltd. - Key offerings
              • Exhibit 74: Fuji Oil Co. Ltd. - Segment focus
            • 10.9 Mars Inc.
              • Exhibit 75: Mars Inc. - Overview
              • Exhibit 76: Mars Inc. - Product and service
              • Exhibit 77:Mars Inc. - Key news
              • Exhibit 78: Mars Inc. - Key offerings
            • 10.10 Mondelez International Inc.
              • Exhibit 79: Mondelez International Inc. - Overview
              • Exhibit 80: Mondelez International Inc. - Business segments
              • Exhibit 81:Mondelez International Inc. - Key news
              • Exhibit 82: Mondelez International Inc. - Key offerings
              • Exhibit 83: Mondelez International Inc. - Segment focus
            • 10.11 Nestle SA
              • Exhibit 84: Nestle SA - Overview
              • Exhibit 85: Nestle SA - Business segments
              • Exhibit 86:Nestle SA - Key news
              • Exhibit 87: Nestle SA - Key offerings
              • Exhibit 88: Nestle SA - Segment focus
            • 10.12 The Hershey Co.
              • Exhibit 89: The Hershey Co. - Overview
              • Exhibit 90: The Hershey Co. - Business segments
              • Exhibit 91:The Hershey Co. - Key news
              • Exhibit 92: The Hershey Co. - Key offerings
              • Exhibit 93: The Hershey Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 94: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 95: Research Methodology
                • Exhibit 96: Validation techniques employed for market sizing
                • Exhibit 97: Information sources
              • 11.4 List of abbreviations
                • Exhibit 98: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The industrial chocolate market market growth will increase by $1802.13 th tons during 2022-2025.
              The industrial chocolate market market is expected to grow at a CAGR of 4.25% during 2022-2025.
              Technavio has segmented the industrial chocolate market market by application (confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, and cereals and others) ,geography (Europe, North America, APAC, South America, and MEA) , and geographic (Europe, North America, APAC, South America, and MEA).
              Barry Callebaut AG, Cargill Inc., CEMOI Group, Lindt & Sprüngli Group, Clasen Quality Coatings Inc., Fuji Oil Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, The Hershey Co. are a few of the key vendors in the industrial chocolate market market.
              Europe will register the highest growth rate of 35% among the other regions. Therefore, the industrial chocolate market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the industrial chocolate market market growth are:
              • growing consumer awareness about the health benefits of dark chocolate

                The increasing adoption of healthy lifestyles and the rising awareness about the health benefits of dark chocolate have increased the demand for dark chocolate products. Dark chocolate contains moderate amounts of sugar compared to other chocolate types and offers several health benefits to consumers. Some of the nutritional benefits of dark chocolate are as follows:Dark chocolate products are good sources of fiber and minerals (iron, magnesium, copper, phosphorus, potassium, zinc, and manganese). These products contain a healthy fatty acid profile with high amounts of saturated and monosaturated fats.Dark chocolate products are rich in organic compounds, such as polyphenols, flavonols, and catechins. The consumption of dark chocolate in moderate amounts is vital for lowering blood pressure and improving blood flow.Dark chocolate is known to reduce the risk of heart diseases, protect the skin against sun damage, and improve cognitive function.The rising consumer awareness about the health benefits of dark chocolate is encouraging manufacturers to develop new variants of dark chocolate products. Manufacturers are incorporating healthy ingredients, such as chia seeds and quinoa seeds, into dark chocolate products to position these products as premium, healthy offerings. Overall, the rising demand for dark chocolate is expected to boost the growth of the global industrial chocolate market during the forecast period.

              • Growing vendor emphasis on sustainable cocoa production

                Owing to the increasing number of constraints regarding the sourcing of cocoa for the formulation of industrial chocolate, vendors in the global industrial chocolate market are emphasizing sustainable cocoa production practices. The efforts of Barry Callebaut and Cargill toward sustainable production and carbon footprint minimization are listed below.Barry Callebaut states sustainable cocoa as one of its four pillars of corporate strategy. The company emphasizes sustainability throughout several aspects, such as farmer prosperity, zero child labor, sustainable chocolate production, and environmental protection of the value chain. A significantly large share of cocoa beans sourced by Barry Callebaut is produced through sustainable means. The company has been investing and working towards involving farmers in its sustainability programs. Sustainability programs, such as the Doni initiative and Coop Academy, undertaken by Cargill, aim at equipping farmers with adequate knowledge-based and skill-based support. The Doni initiative enables farmer organizations that have participated in Cargill s Coop Academy farmer training initiative to get trucks through easy lease deals. Overall, the adoption of sustainable practices in cocoa production is expected to increase the production of industrial chocolate, which will augment the growth of the global industrial chocolate market during the forecast period.

              The industrial chocolate market market vendors should focus on grabbing business opportunities from the confectionery segment as it accounted for the largest market share in the base year.
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