The global compound chocolate market is estimated to reach US$ 26.4 Billion in 2022 and is projected to surpass US$ 50.5 Billion by 2032, registering a CAGR of 6.7% from 2022 to 2032.
The market for compound chocolate is expected to grow due to rising demand in the food and beverage industries for natural and organic products. Organic or natural chocolate component manufacturers are rapidly entering the market.
Another factor boosting compound chocolate demand is the high polyphenol levels in cocoa or chocolate, which provide nutritional benefits. A high polyphenol content in dark chocolate has been related to a lower risk of heart disease in several epidemiological studies.
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As a result, dark chocolate flavour compounds are becoming increasingly important. Along with this, key players hope to create chocolate compounds that are not just low in sugar but also lactose-free.
Another crucial tactic is the repositioning of chocolate flavouring compounds through the use of a clean label slogan. This will allow customers to indulge while still adhering to their health-related eating plan.
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.
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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?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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