Industrial Chocolate Market Size, Leading Players, Growth Trends, Forecasts, and Share Analysis, 2023-2030

Global Industrial Chocolate Market is valued at US$ 62 billion in 2022 and is expected to grow at a significant CAGR of over 6% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview

As it is used to make a variety of chocolate confectionery, baked goods, ice creams, desserts, and other chocolate-based products, the need for industrial chocolate is anticipated to rise.

The demand for industrial chocolate is significantly influenced by the food and beverage industry, including the dairy, bread, and confectionery industries. The growth of these industries, both nationally and internationally, fuels the demand for industrial chocolate as a crucial component in a variety of food applications.
Additionally, as the world's population rises, more people will consume it because industrial chocolate is one of the essential basic ingredients used to make many of the populace's favorite dishes.
• According to a deep-dive market assessment by RationalStat, the global industrial chocolate market has been analyzed on the basis of market segments, including product type, end use, and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global industrial chocolate market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/ equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global industrial chocolate market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Industrial Chocolate Market: Segmental and Market Share Analysis
• On the basis of product type, the global market for industrial chocolate is anticipated to be dominated by cocoa powder. This is explained by cocoa's increased popularity, accessibility, and penetration.
• On the basis of region, in 2021, Europe had a market share of over 47%, dominating the global industrial chocolate market. Growing regional consumer demand for dark chocolate is a key factor in the market's expansion.

Report Synopsis

Report Metrics Details
Base Year 2022
Forecast Period 2023-2030
Base Year Market Size US$ 98 billion
Market Size Forecast US$ 62 billion
Growth Rate 6%
Key Market Drivers
• Growing Awareness Regarding Health Benefits of Dark Chocolate Consumption
• Increasing Demand for Premium and Specialty Chocolate Products
Companies Profiled
• Barry Callebaut
• Mondelez India Foods Pvt. Ltd.
• ITC Limited
• Petra Foods
• Morinaga & Co.
• Meiji Co., Ltd.
• Lotte Confectionery
• Cargill Inc
• Mars
• Incorporated
• Nestlé
• Guittard Chocolate Company
• Blommer Chocolate Company

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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global industrial chocolate market include,
• In May 2023, Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail Ventures (RRVL) completed the acquisition of a controlling stake in Lotus Chocolate Company Ltd.
• In January 2023, ITC Ltd, announced that it is set to acquire a 100% stake over a three-to-four-year period in Sproutlife Foods Private Limited which sells health bars and muesli under the Yoga Bar brand.

Some of the prominent players and suppliers operating and contributing significantly to the global industrial chocolate market growth include Barry Callebaut, Mondelez India Foods Pvt. Ltd., ITC Limited, Petra Foods, Morinaga & Co., Meiji Co., Ltd., Lotte Confectionery, Cargill Inc, Mars, Incorporated, Nestlé, Guittard Chocolate Company, and Blommer Chocolate Company among others.
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RationalStat has segmented the global industrial chocolate market based on product type, end use, and region
• Global Industrial Chocolate Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Product Type
o Cocoa Butter
o Cocoa Liquor
o Cocoa Powder
• Global Industrial Chocolate Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by End Use
o Confectionery
o Biscuits & Bakery Products
o Dairy & Desserts
o Ice Creams & Frozen Items
o Cereals
o Others
• Global Industrial Chocolate Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
o North America Industrial Chocolate Market
 US
 Canada
o Latin America Industrial Chocolate Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Industrial Chocolate Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Industrial Chocolate Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Industrial Chocolate Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Industrial Chocolate Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Industrial Chocolate Report:
• What will be the market value of the global industrial chocolate market by 2030?
• What is the market size of the global industrial chocolate market?
• What are the market drivers of the global industrial chocolate market?
• What are the key trends in the global industrial chocolate market?
• Which is the leading region in the global industrial chocolate market?
• What are the major companies operating in the global industrial chocolate market?
• What are the market shares by key segments in the global industrial chocolate market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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