Press release
Industrial Chocolate Market is expected to reach 71600 million US$ by 2025 – QY Research
This report focuses on the key data information of Industrial Chocolate in key regions like North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, presents sales, revenue, market share, growth rate of Industrial Chocolate for each region and countries in each region.
For top companies, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018.
This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
Industrial chocolate is a typically sweet, usually brown, food preparation of the obroma cacao seeds, roasted and ground, often flavored, as with vanilla. It is made in the form of a liquid, or in a block, or used as a flavoring ingredient in other foods.
Industrial chocolate industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the industrial chocolate industry. The main players are Barry Callebaut, Cargill, Nestle SA, Mars and Hershey. The market can be broadly categorized as open market and captive market. Barry Callebaut is the market leader in open market while for captive market the market is dominated by Nestle SA, Mars and Hershey.
In consumption market, the global consumption value of industrial chocolate increases with the 6.09% average growth rate from 2011-2016. North America is the mainly consumption region due to the bigger demand of downstream applications. In 2016, North America occupied 35.12% of the North America consumption volume in total in 2016.
Dark chocolate is the major type of industrial chocolate, and there are also types like milk chocolate. With fine taste of industrial chocolate, the downstream application industries will need more industrial chocolate products. So, industrial chocolate has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce more kinds of taste industrial chocolate through improving technology and adding additional agent.
The major raw materials for industrial chocolate are cocoa beans, sugar and milk. Fluctuations in the price of the upstream product will impact on the production cost of industrial chocolate. The production cost of industrial chocolate is also an important factor which could impact the price of industrial chocolate. The industrial chocolate manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there will be fluctuation in gross margin.
In 2018, the global Industrial Chocolate market size was 50000 million US$ and is forecast to 71600 million US in 2025, growing at a CAGR of 4.6% from 2018. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Industrial Chocolate.
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This report includes the following manufacturers; we can also add the other companies as you want.
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer Chocolate Company
FUJI OIL
Puratos
Cémoi
Irca
Foley's Candies LP
Olam
Kerry Group
Guittard
Ferrero
Ghirardelli
Alpezzi Chocolate
Valrhona
Republica Del Cacao
TCHO
Market Segment by Product Type
Dark Chocolate
Others
Market Segment by Application
Chocolate Bars
Flavoring Ingredient
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QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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