North America Real and Compound Chocolate Market Based On, Price Analysis, Supply Chain Analysis, Industry News, Gross Margin and Porters Five Force Analysis by Fast Forward Research

Market Overview:

The demand for real and compound chocolate has been on the rise since last few years, and the trend is likely to continue during the next few years. The North America real and compound chocolate market is estimated to reach a market size of 6,246 kilotons with respect to production. The innovation in product offerings by key players in response to changing consumer preferences which include cocoa and cocoa substitutes will fuel the market growth for real and compound chocolate over the next few years. Increasing demand from the youth population coupled with rising demand for bakery and confectionary will drive the expansion of North America real and compound market.

Real chocolate is likely to exercise its demand over the market owing to the health benefitting stigma associated with it. It is believed that real chocolates lower the risk of cardiovascular diseases due to the high concentration of antioxidants which will generate its demand across the assessment period. The nutritional value of real chocolates is quite high as it contains minerals (calcium, potassium, sodium, magnesium, iron, zinc, copper, chromium and phosphorous), vitamins (A1, B1, B2, C, D & E) and complex alkaloids which is one of the key drivers of the market growth. However, the inflating price of cocoa will raise the burden on the consumers’ side owing to the high demand for chocolate products. The manufacturers are producing compound chocolates which contain vegetable fat and oil as cocoa butter replacements for reducing production cost. The lower prices are poised to catalyze revenue creation for the compound chocolate producers.

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Major Key Players Analysis:

The key players profiled by MRFR in its latest report for drawing an insightful market foresight include Nestle, Mars Inc., Puratos, Mondelez International Inc, and Barry Callebaut. The market players strive to increase their market share and control by employing strategies such as flavor innovation, product development according to changing consumer trends, competitive pricing, establishment of production plants, etc.

Industry News:

In July 2018, Mars, Inc., U.S. based chocolate company, has launched cocoa farming program with Rainforest Alliance, which is a non-governmental organization working to conserve biodiversity. The program offers advice, monitoring through digital farm development plans using satellite imagery in Ghana.

Market Segments:

By type, the North America real and compound chocolate market is segmented into milk chocolate, dark chocolate, and white chocolate. In 2015, the dark chocolate segment dominated the North America market.

By form, the real and compound chocolate market of North America has been segmented into bars, balls, flakes, and others.

By application, the North America real and compound chocolate market is segmented into bakery/pastry, food & beverages, cosmetics, pharmaceuticals and others. The food & beverage segment is expected to grow at the highest CAGR of 5.3% from 2016 to 2022 owing to increasing demand for chocolate by restaurants and caterers.

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Regional Analysis:

By region, the North America Real and Compound chocolate market is segmented into Canada and the U.S. The U.S. currently captures the maximum share of the market which accounts for more than 60% of the total share, and the trend is likely to continue during the projection period. The innovations in product offerings in response to the changing consumer preferences by key players will fuel the market expansion in the U.S. The Canada market will register healthy growth during the assessment period owing to the rise in consumer demand for real and compound chocolate.

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This release was published on openPR.