Food Service Chocolate Market Growing Trends and Technology Forecast to 2030

It is estimated for the global foodservice chocolate market to grow at a CAGR of 5.4% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy CAGR during the forecast period of 2018 to 2021.

The market is expected to increase throughout the forecast period due to the rising number of chocolate lovers around the world.

Throughout the entire 18th century, affluent Europeans drank chocolate. Chocolate became more widely consumed once the Industrial Revolution made it possible to make it in enormous quantities. The popularity led to the development of cacao tree plantations. Slaves farmed the majority of the plantations.

Industrial chocolate is created from cocoa liquid or paste and butter, together with additional components such as sugar and powdered milk, and is produced using a method known as coaching. Applications for industrial chocolate create the mixture in a variety of ways. In order to produce finished chocolate, vertically integrated manufacturers often employ this type of chocolate internally or provide it to third parties. Industrial chocolate can be used to make ice cream, chocolate candy, different types of beverages, and baked items.

The primary consumers of industrial chocolate are food service companies and bakeries or confectionery manufacturers. Industrial chocolate is manufactured in significant amounts to meet the huge market demand for products connected to chocolate. Industrial chocolate producers also use organic chocolates, which come in a variety of flavours and textures and have received certification from organisations like ECOCERT and Certisys.

On the international market, industrial chocolate has been experiencing spectacular growth, and a number of motivating factors are boosting customer acceptance of the product. It is clear that the present trend toward sugar-free and organic chocolates is contributing to the sector's growth. Due to current changes in consumption and lifestyle, industry suppliers are constantly innovating to create fashionable chocolate. Additionally, there is a sizable market for snack bars that taste like chocolate and are popular among young people everywhere.

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Despite the fact that chocolate is immensely popular, people are looking for healthier substitutes. Another challenge facing manufacturers of industrial chocolate is the variability in cocoa costs. Since producing high-quality cocoa is a major concern, businesses like Ferrero and Cadbury are collaborating with outstanding agricultural experts who can aid in the development of gourmet cocoa. Health awareness is a huge issue on a global scale for people, especially those who are obese and struggle with diseases like diabetes and others. Additionally, chocolate makers are quite concerned about the use of sweeteners in place of sugar because these sweeteners need to be of a high calibre and have a flavour that can replace sugar.

Global Food Service Chocolate Market - Segmental Assessment

Segment by Type

• Dark Chocolate
• Milk Chocolate
• White Chocolate
It is estimated for the milk chocolate segment to boost the growth of the market during the forecast period.

Segment by Application

• Hotel Restaurants
• Cafes
• Bakeries
• Other
It is estimated for the Cafes segment to boost the growth of the market during the forecast period.

Global Food Service Chocolate Market - Competitive Hierarchy

FUJI OIL, Aalst Chocolate, Puratos, Cocoa-linna Food Trading (shanghai) Co.,ltd, Apple FlavorandFragrance Group, Shanghai Yicheng Food Co., Ltd., Shanghai Hi-Road Food Technology Co., Ltd., SEE GREAT, Qingdao Miaopin Chocolate Co., Ltd., Cargill, Cemoi, Irca, Natra, Baronie and EUROCAO are the major players that are driving the growth of the market during the forecast period.

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