The market for chocolate inclusions and decorations will be worth US$ 866.4 million in 2022. By 2032, the market is projected to have grown at a CAGR of 7.1%, or roughly US$ 1720.3 million.
Global manufacturers of candy, baked goods, ice creams, etc. are seeing an increase in demand for chocolate inclusions and decorations. These additions and embellishments make the product better and more appealing by giving it a flavorful, rich taste. Additionally, they are employed for coating, topping, frosting, and icing. Because they are used in a variety of culinary products, these chocolate inclusions come in a variety of sizes, shapes, flavours, colours, and other characteristics. Manufacturers are concentrating on using cutting-edge tactics to release enticing decorative things to promote adoption as a result.
Chocolate Inclusions & Decorations Market: Growth Drivers
Some of the key drivers which are driving the demand for chocolate inclusions and decorations in the global market is due to health benefits of chocolates. Dark chocolates are enriched with antioxidants and rich source of nutrition such as iron, magnesium, copper, manganese etc. which helps to prevent from cardiovascular diseases and lowers the blood pressure. Due to increasing number of health conscious consumers in developed and developing countries the demand for chocolate inclusions and decorations is increasing.
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Moreover, consumers are more conscious towards health problems, and due to which demand for organic chocolate and sugar-free chocolates is also increased for chocolate inclusion and decoration purpose. Instead of using direct form of chocolate in food products, consumers mostly preferred to use chocolate inclusions and decorations as it brings exceptional taste experience, flavor, and texture in food products such as confectionery and dairy.
Chocolate Inclusions & Decorations Market: Market segmentation
Chocolate inclusions and decorations is segmented on the basis of end use and type of chocolate inclusions and decorations used in the food industry. On the basis of end use, its market segment includes ice creams, chocolates, cakes and cupcakes, pastries and muffins, cream pies, desserts and others. In the food industry, chocolate inclusions and decorations has become the forefront of the products as it attracts the consumers to buy the product due to decorations and design of chocolates on products. Chocolate inclusions used for a filling purpose, to add texture in food items and for decorations purpose, they are used for icing, coating, frosting, topping and many other purposes. To make perfect inclusions and decorations of food products, different shapes and sizes of chocolates are used.
Further, the market segment of chocolate inclusions and decorations is segmented by type that is of different types of chocolates used. It includes dark chocolate, white chocolate, milk chocolate, and others. These different types of chocolates are used for inclusions and decorations in cakes, biscuits, cookies, ice creams, confectionery items etc. as it gives flavor and unique taste to these food products. On analyzing the market share, it is expected that dark chocolate has higher demand in the global level market as food manufacturers have wide range of choices for application of chocolate inclusions and decorations in confectionery, bakery, and dairy products.
Chocolate Inclusions & Decorations Market: Regional Outlook
On the basis of the regional segment, the market of chocolate inclusions and decorations is segmented in seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. On analyzing the demand for chocolate inclusions and decorations in graph, it is expected that Western Europe and North America accounts for largest market share in the global market. Moreover, Asia-Pacific region is also gaining demand due to increasing food manufacturers and increasing population in the region.
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Chocolate Inclusions & Decorations Market: Key Players
Some of the key players that are operating in chocolate inclusions and decorations market are: Dawn Foods, Chocolate Smet Canada Inc., Barry Callebaut, Cargill Cocoa & Chocolate, Kanegrade Limite, Nimbus Foods, Orchard Valley Foods, Carroll, Industries NZ Ltd, Confection by Design, ifiGOURMET and Kayem Foods.
The report covers exhaustive analysis on:
- Chocolate Inclusions & Decorations Market Segments
- Chocolate Inclusions & Decorations Market Dynamics
- Chocolate Inclusions & Decorations Historical Actual Market Size, 2012 – 2016
- Chocolate Inclusions & Decorations Market Size & Forecast 2017 to 2027
- Chocolate Inclusions & Decorations Supply & Demand Value Chain
- Chocolate Inclusions & Decorations Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Chocolate Inclusions & Decorations Technology
- Value Chain
- Chocolate Inclusions & Decorations Market Drivers and Restraints
Regional analysis for Chocolate Inclusions & Decorations Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Australia and New Zealand (ANZ)
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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