The Industrial Chocolate market report meticulously outlines company profiles, product specifications, capacities, production values, and market shares for each entity, offering projections for the forecast period. Beyond mere data, it discerns emerging trends while dissecting major drivers, barriers, challenges, and opportunities within the Industrial Chocolate industry. This comprehensive report amalgamates industry insights, practical solutions, and cutting-edge technology, ensuring a robust analysis. Projections within the report encompass market size, key vendor revenues, industry advancements across the supply chain, company progressions, market segment types, and applications.
What sets this Industrial Chocolate report apart is its reliability, sourcing data and information from credible outlets such as websites, journals, company annual reports, and reputable magazines. Foreseen within this global market research report is a significant projected market growth during the forecast period, signaling promising prospects. Key insights featured within the report encompass a thorough analysis of market drivers and restraints, an exploration of major industry players, in-depth market segmentation analyses, and a comprehensive competitive landscape evaluation of key market entities.
Data Bridge Market Research analyses that the global industrial chocolate market was valued at USD 7.50 billion in 2022 and is expected to reach the value of
USD 10.79 billion by 2030, at a CAGR of 4.65% during the forecast period of 2023 to 2030.
Definition
Industrial chocolate is typically brown and sweet, derived from cocoa liquor or paste. Coaching is a process in which butter and other ingredients such as sugar and powdered milk are added to the paste/cocoa liquor. The industrial chocolate industry has a low technological barrier and is labour-intensive. Chocolate production involves a large number of companies.
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Key Growth Drivers:
- Growing awareness about benefits of industrial chocolate
The growing awareness of the health benefits of consuming cocoa-rich products drives the growth of the global industrial chocolate market. Cocoa helps reduce hypertension, chronic fatigue syndrome, protection against sunburn, and other health benefits to the human body. Cocoa also contains polyphenols, which serve to protect bodily tissues from oxidative stress and related diseases such as cancer and inflammation. These factors are also propelling the industrial chocolate markets forward.
- Manufacturer’s constant efforts to increase sales volume through different tactics and strategies
Increased demand for chocolate and related products such as milk chocolate, sweet chocolate, and dark chocolate, and advertising by manufacturers to increase brand recognition, are driving the growth of the industrial chocolate market. Other factors expected to drive the market include the premiumization of chocolate-based products, the use of aesthetically appealing packaging to attract consumers' attention, and the production of organic, vegan, sugar- and gluten-free chocolates.
The report emphasizes the participation of key entities, notably:
- Cemoi Chocolatier (France)
- Republica del Cacao (Ecuador)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- Fuji Oil Holdings Inc. (Japan)
- Guittard Chocolate Co. (U.S.)
- Ghirardelli Chocolate Co. (U.S.)
- Varihona Inc. (France)
- Barry Callebaut AG (Switzerland)
- Alpezzi Chocolate SA De CV (Mexico)
- Kerry Group Plc (Ireland),
- Olam International Ltd. (Singapore)
- Tcho Ventures Inc. (U.S.)
- The Hershey Company (U.S.)
- Cargill, Incorporated (U.S.)
- Blommer Chocolate Company (U.S.)
- Foley's Candies LP (Canada)
- Puratos Group Nv (Belgium)
- Ferrero International S.A. (Italy)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Industrial Chocolatemarket's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Distribution Channel (Online, Offline), Application (Confectionery, Biscuits and Bakery Products, Dairy and Desserts, Ice Creams and Frozen Items, Cereals, Other Industrial Chocolate Applications), Type (Milk/White Chocolate, Dark Chocolate), Product (Softlines/ Selflines, Countlines, Molded Chocolates, Others)
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