Compound Chocolate Market Outlook: Trends and Growing Demand Driving Expansion through 2032

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The global compound chocolate market is set to witness growth at a CAGR of 6.7% over the forecast period (2022-2032) and top a valuation of USD 50.5 Bn by 2032.

The growing trend of natural and organic food products in the food and beverage sector is likely to drive the compound chocolate market. Chocolate compound manufacturers in the market are actively introducing organic or natural chocolate flavoring compounds.

Additionally, demand for compound chocolate is on the rise owing to the presence of high polyphenol levels in cocoa or chocolate that are nutritionally beneficial. Furthermore, several epidemiological studies have observed that the intake of dark chocolate rich in polyphenols can prevent heart-related diseases.

This in turn is increasing importance of dark chocolate flavouring compounds. Alongside this, key participants are aiming to develop chocolate compounds that are not only low in sugar but are also lactose-free.

Another important strategy is the repositioning of the chocolate flavoring compounds by marketing it with clean label tagline. This will allow the consumers to indulge yet fulfill their health-related diet regime.

The chocolate flavoring 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.

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.

Explore More Valuable Insights

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.

Extensive Market Research: Complete Report and Findings

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

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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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