Global Compound Chocolate Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Compound Chocolate Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Dark, Milk, and White), Form (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Forms), Application (Bakery, Confectionery, Frozen Desserts and Ice Cream, Beverages, Cereals, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Compound Chocolate Market was valued at USD 27,390.1 million in 2023 and is expected to reach USD 45,330.5 million by 2031 while growing at a CAGR of 6.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global compound chocolate market growth. Compound chocolate, or confectionery coating, mimics real chocolate using cocoa powder, vegetable fats, and sweeteners. It employs alternative ingredients for specific characteristics, distinct from traditional chocolate made with cocoa solids, cocoa butter, and sugar.
Increasing versatility, wide application range, and cost-effectiveness propel the growth of the compound chocolate market. Nevertheless, obstacles like quality perception, health concerns, and ingredient awareness may impede market expansion.
Furthermore, the global compound chocolate industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Compound Chocolate Market is segmented among Dark, Milk, and White, based on Type. In 2023, Dark accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Form Analysis
The Global Compound Chocolate Market is segmented among Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Forms, based on Form. In 2023, Chocolate Chips/Drops/Chunks accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Compound Chocolate Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Cargill Incorporated, Clasen Quality Chocolate Inc., AAK, Barry Callebaut, Aalst Wilmar Pte Ltd, Sephra, Fuji Oil Holdings Inc, Puratos Group, Mondelez International, Ferrero International SA, and Meiji Holdings Co. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Compound Chocolate Market Dynamics
Drivers
Restraints
Opportunity
4. Global Compound Chocolate Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Compound Chocolate Market Segmentation, By Type
Global Compound Chocolate Market Share Analysis, By Type
Global Compound Chocolate Market Growth Analysis, By Type
Global Compound Chocolate Market Trends, By Type
o Dark
o Milk
o White
6. Global Compound Chocolate Market Segmentation, By Form
Global Compound Chocolate Market Share Analysis, By Form
Global Compound Chocolate Market Growth Analysis, By Form
Global Compound Chocolate Market Trends, By Form
o Chocolate Chips/Drops/Chunks
o Chocolate Slab
o Chocolate Coatings
o Other Forms
7. Global Compound Chocolate Market Segmentation, By Application
Global Compound Chocolate Market Share Analysis, By Application
Global Compound Chocolate Market Growth Analysis, By Application
Global Compound Chocolate Market Trends, By Application
o Bakery
o Confectionery
o Frozen Desserts and Ice Cream
o Beverages
o Cereals
o Other Applications
8. Global Compound Chocolate Market Segmentation, By Region
Global Compound Chocolate Market Share Analysis, By Region
Global Compound Chocolate Market Growth Analysis, By Region
Global Compound Chocolate Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Cargill Incorporated*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Clasen Quality Chocolate Inc.
AAK
Barry Callebaut
Aalst Wilmar Pte Ltd
Sephra
Fuji Oil Holdings Inc
Puratos Group
Mondelez International
Ferrero International SA
Meiji Holdings Co. Ltd
*Similar analysis will be provided for each company listed above.