Press release
North-American Industrial Chocolate Market Regional Analysis, Key Players, Industry Segments, Development, Opportunities, Forecast to 2022
Chocolate is a sweet, food prepared from roasted and ground seeds of Theobroma cacao in a variety of forms such as liquid, paste, solid. Industrial chocolate differs from craft chocolate in its use. Industrial chocolate is utilized by manufacturers of finished foods products such as ice cream, confectionery, beverages and others as a flavoring agent. The North American industrial chocolate market is projected to grow at a CAGR of 5.45 % during the forecast period of 2017 to 2022.
Dominant Players:
The prominent players profiled in North American industrial chocolate market report are Puratos, Mondelez, Barry Callebaut, Blommer, Cargill, Foley’s Candies LP, Hershey, Guittard Chocolate Company, Nestle SA, Valrhona, Alpezzi Chocolate, Ghirardelli, Ferrero, Republica del Cacao, Scharffen Berger, Mars, and others.
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Segmentation:
The North American industrial chocolate market is segmented on the basis of types and application, to satisfy the exigency of a detailed understanding of the market forces.
Based on types, the market is segmented into dark, milk and white.
Based on application, the market is segmented into chocolate bars and flavoring ingredients.
Regional Analysis:
The U.S. dominates the North American industrial chocolate market owing to its large economy, higher income, and larger demand generated. The U.S. is followed by Canada and Mexico, which account for USD 14,756 million and which is expected to generate USD 20,200 million by 2022, at a 5.34 % CAGR during the forecast period.
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Market News:
December, 2015 - Cargill acquired the global chocolate business of ADM at $440 million
September, 2017 - Barry Callebaut is in talks to acquire Ingredients division of Gertrude Hawk Chocolates so as to gain an expanded foothold in the North American market.
March 2017 - Ferrero USA acquired Fannie May Confections so as to set its business in the North American industrial chocolate market.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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