Compound Chocolate Market Projected to Reach US$ 50.5 Billion by 2032, Exhibiting a Robust CAGR of 6.7%: Industry Trends, Growth Drivers, and Global Forecasts

The global compound chocolate market is set to witness growth at a CAGR of 6.7% over the forecast period (2022 to 2032) and top a valuation of US$ 50.5 Billion by 2032.

The increased demand for natural and organic foods in the food and beverage industries is predicted to boost the market for compound chocolate. The market is aggressively being introduced to by manufacturers of chocolate ingredients with organic or natural flavours.

Another factor influencing the increase in demand for compound chocolate is the high polyphenol levels in cocoa or chocolate, which have beneficial nutritional effects. Consuming dark chocolate with a high polyphenol content has also been linked to a lower risk of heart disease, according to a number of epidemiological research.

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This in turn is increasing importance of dark chocolate flavouring compounds. Alongside this, key participants are aiming to develop chocolate compounds which are not only low in sugar but are also lactose-free.

Another important strategy is the repositioning of the chocolate flavouring compounds by marketing it with clean label tagline. This will allow the consumers to indulge yet fulfil their health related diet regime.

The chocolate flavouring compounds are also being marketed as premium products amid growing preference for premium products. On the back of these factors, the demand for compound chocolate is predicted to show an impressive rise in the near future.

-Key Takeaways

-Europe is expected to dominate the global compound chocolate market, accounting for market share of about 28% by 2022, followed by North America
-France is expected to account for demand share of nearly 24% in Europe compound chocolate market
-By product type, milk chocolate is expected to account for the lion's share of the global market by the end of 2022
-Online channel is expected to show an impressive growth as compared to all the other channels over the assessment period (2022-2032)
"Increased consumption of milk chocolate for various applications in chocolate-based confectionery items, shakes, cakes, croissants, and hot chocolate will surge the demand for compound chocolate over the upcoming decade.", says a Future Market Insights analyst.

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Competitive Landscape

Key market participants are following different marketing and promotional strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to address the needs of the consumers and serve accordingly, thus, creating a larger customer base in the coming years.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global compound chocolate market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

-Global Compound Chocolate By Category

-By Product Type:

Dark Chocolate
Milk Chocolate
White Chocolate

-By Form:

Choco Chips
Chocolate Coating
Chocolate Slab
Other Forms

-By Application:

Bakery and Confectionery
Ice Cream and Frozen Desserts
Chocolate Beverages
Snacks
Sauces and Spreads
Other Applications

-By Distribution Channel:

Direct
Indirect
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Independent Retailers
Online Retailers

-By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

-Frequently Asked Questions

At what value is the market of compound chocolate expected to reach?
How much is the global compound chocolate market expected to grow?
What strategies are adopted by the market players in the compound chocolate market?
What percent of share does the top 10 companies in the compound chocolate hold?
Which are the major countries driving demand for compound chocolate?

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.