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Global Industrial Chocolate Market Expected to Witness a Sustainable Growth over 2023
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.
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Global Industrial Chocolate Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Industrial Chocolate will register a 5.8% CAGR in terms of revenue, reach US$ 66300 million by 2023, from US$ 50000 million in 2017.
Global Industrial Chocolate Market: Key Players
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
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Related Information:
United States Industrial Chocolate Market Research Report 2018
Europe Industrial Chocolate Market Research Report 2018
North America Industrial Chocolate Market Research Report 2018
Asia-Pacific Industrial Chocolate Market Research Report 2018
China Industrial Chocolate Market Research Report 2018
EMEA Industrial Chocolate Market Research Report 2018
Global Industrial Chocolate Market Research Report 2018
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