Compound Chocolate Market Size, Global Industry Growth, Statistics, Trends, Analysis, Top Companies Growth by 2027
The
global real
and compound chocolate market will
derive growth from widespread product applications across several
confectionaries. According to a report published by Fortune Business Insights,
titled “Real and Compound Chocolate Market Size, Share & Industry Analysis,
By Type (Real Chocolate and Compound Chocolate), Form (Chips, Slabs, Coatings,
and Others), Application (Confectionery, Bakery, Dairy, and Frozen Products,
Beverages, and Others), and Regional Forecasts, 2019 – 2026,” the market was
valued at USD 24.25 Billion in 2018 and is projected to reach USD 35.62 billion
by the end of 2026, exhibiting a CAGR of 4.97% in the forecast period
(2019-2026).
The
primary difference between real and compound chocolate is that real chocolate
is made from cocoa butter and chocolate liquor whereas the compound form is
made from cocoa powder and vegetable oil. As real chocolate is made from cocoa
butter, it needs to be tempered while melting. Real chocolate has better taste
and texture, as a result of which it is preferred over compound chocolate in
exotic confectionaries. Compound chocolate is used in products where baking at
higher temperatures is required. The growing demand for real and compound
chocolate in emerging as well as densely populated countries such as India,
China, and Japan will have a direct impact on the growth of the global market.
The
report segments the global market based on factors such as product types,
applications, and form. Among these criteria, leading sub-segments have
highlighted based on extensive research methods. Additionally, the market has
been segmented based on regional demographics into Europe, South America, North
America, Asia Pacific, and the Middle East and Africa. The report offers
insights into the latest industry trends. Additionally, forecast values for the
market have been evaluated for the period of 2019-2026.
A
few of the prominent companies that are operating in the global real and
compound chocolate market include:
·
Barry
Callebaut AG
·
Mondelez
International
·
Cargill
Incorporated
·
Nestlé
S.A.
·
Fuji
Oil Company Limited
·
The
Hershey Company
·
Puratos
Group
·
Mars
Incorporated
·
Olam
International
·
CEMOI
Group
Increasing Number of
Company Mergers Will Aid Market Growth
The
report encompasses several factors that have contributed to the growth of the
market in recent years. Due to massive demand for all forms of chocolate, the
market has witnessed several entrants. Additionally, companies that are
currently operating in the market are engaged in adopting strategies that will
help them generate sufficient revenues. Among several strategies that are
adopted by major companies, Fortune Business Insights labels mergers and
acquisitions as the activity that is being widely adopted by major companies
across the world. In 2018, Fuji Oil Holding announced that it plans to acquire
BlommerChocolate. Blommer is among the top five leading companies in North
America and Fuji’s latest acquisition will influence the growth of the global market
in a positive way.
Europe and North
America are the Leading Regions in the Global Market
Among
all regions, Europe holds a dominant share of the global market. The region
boasts a large cocoa processing base, which has emerged as the primary factor that
has influenced market growth. The growing demand for chocolate and their uses
in several foods across the food and beverage industry has opened up a massive potential for market growth. Besides Europe, North
America has witnessed considerable growth in recent years. The real and
compound chocolate market in North America was valued at USD 5.46 Billion in
2018 and is likely to increase further in the coming years.
https://www.fortunebusinessinsights.com/industry-reports/real-and-compound-chocolate-market-101681
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