Press release
Global Chocolate Inclusions & Decorative Market Poised for Significant Growth with Increasing Demand Across Regions
The Global Chocolate Inclusions & Decorative Market was valued at USD 12.45 billion in 2023 and is expected to reach USD 18.32 billion by 2030, growing at a CAGR of 5.6% during the forecast period (2024-2030). Increasing consumer preference for aesthetically appealing and gourmet chocolates, along with innovations in flavors and textures, is fueling market growth.
Higher demand for chocolate inclusions and decorations is particularly observed in premium confectionery and bakery applications, driven by consumer preference for visually appealing and flavorful products. Growth is also fueled by the rising trend of artisanal and craft confectionery, which emphasizes high-quality, premium ingredients.
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Global Chocolate inclusions & Decorative Market Competitive Landscape
The market is highly competitive, with key players focusing on expanding their product portfolios, investing in R&D, and entering strategic partnerships. Prominent companies dominating the market include:
Barry Callebaut AG
Cargill, Incorporated
Nestleฬ S.A.
Puratos Group
Kerry Group
Cemoi Group
Strategic mergers, acquisitions, and product launches are contributing significantly to market growth. Innovations such as sugar-free inclusions, organic ingredients, and plant-based alternatives are gaining traction globally.
Global Chocolate inclusions & Decorative Market Regional Insights and Developments
๐บ๐ธ United States: Growth, Opportunity, Trends, Consolidation, and Updation
The United States is witnessing substantial growth in the Chocolate Inclusions & Decorative Market, fueled by increasing demand for premium and customized confectionery products. The U.S. market alone is projected to grow at a CAGR of 5.8% from 2024 to 2030.
Opportunities in the United States:
Growing consumer inclination towards healthy and organic chocolate inclusions.
High adoption of decorative chocolate in bakery and confectionery products.
Trends in the United States:
Introduction of plant-based and vegan chocolate inclusions.
Demand for visually appealing, Instagram-worthy desserts.
Consolidation and Updation:
Barry Callebaut expanded its U.S. presence by acquiring GKC Foods to strengthen its premium offerings.
Asia Pacific: Growth, Opportunity, Trends, Consolidation, and Updation
The Asia Pacific region is expected to be the fastest-growing market, with a CAGR of 6.2% during the forecast period. Increasing disposable income, rapid urbanization, and a growing affinity for western confectionery styles drive the growth.
Opportunities in Asia Pacific:
Surge in demand for innovative flavors and premium confectionery.
Growth of e-commerce platforms boosting availability.
Trends in Asia Pacific:
Rise in plant-based and health-conscious chocolate products.
Demand for unique and exotic flavors in chocolate inclusions.
Consolidation and Updation:
Puratos Group entered a joint venture with a local manufacturer to expand its footprint in Southeast Asia.
Nestleฬ introduced premium chocolate inclusions specifically targeting the Indian and Chinese markets.
Middle East and Africa: Growth, Opportunity, Trends, Consolidation, and Updation
The Middle East and Africa (MEA) region is experiencing steady growth in the market, with a CAGR of 4.9%. Increasing demand for luxury and premium confectionery products is driving market expansion.
Opportunities in MEA:
Rising consumption of high-quality chocolate products in urban centers.
Increasing demand for Western-style desserts and bakery products.
Trends in MEA:
Introduction of halal-certified chocolate inclusions.
Rising demand for premium decorative chocolates in luxury dining.
Consolidation and Updation:
Cargill expanded its production capacity in the region to cater to increasing demand.
Local manufacturers focusing on product diversification to meet consumer preferences.
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Europe: Growth, Opportunity, Trends, Consolidation, and Updation
Europe remains a dominant market due to its established confectionery industry and high consumption rates of premium chocolate products. The region is expected to witness a CAGR of 5.3% over the forecast period.
Opportunities in Europe:
Increased demand for organic and fair-trade chocolate inclusions.
Growth of private-label premium chocolate products.
Trends in Europe:
Strong emphasis on sustainable sourcing of ingredients.
Rising popularity of vegan and gluten-free chocolate products.
Consolidation and Updation:
Barry Callebaut partnered with Lindt & Spruฬngli to expand its sustainable supply chain.
Cemoi Group increased its production capacity in France to meet growing demand.
Global Chocolate inclusions & Decorative Market Key Recent Developments
Barry Callebaut introduced a range of sugar-free chocolate inclusions to cater to the growing diabetic population.
Nestleฬ S.A. partnered with e-commerce platforms in Asia to strengthen its direct-to-consumer offerings.
Kerry Group acquired a local inclusion manufacturer to enhance its portfolio of premium products.
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Global Chocolate inclusions & Decorative Market Segmentation Analysis:
by Type
Dark chocolate
White chocolate
Milk chocolate
Others
by End-Use
Ice creams
Chocolates
Cakes and cupcakes
Pastries and muffins
Cream pies
Desserts and
Others
For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/market-report/global-chocolate-inclusions-decorative-market/83036/
Global Chocolate inclusions & Decorative Market, Key Players
1. Chocolate Smet Canada Inc.
2. Barry Callebaut
3. Cargill Cocoa & Chocolate
4. Kanegrade Limited
5. Nimbus Foods
6. Dawn Foods
7. Carroll
8. Industries NZ Ltd
9. Confection by Design
10. ifiGOURMET
11. Kayem Foods
12. Orchard Valley Foods
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