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Industrial Chocolate Market - Global Outlook and Forecast 2019-2024

Industrial Chocolate Market - Global Outlook and Forecast 2019-2024

The global industrial chocolate market is estimated to ship over 9500 thousand tons by 2024, growing at aCAGR more than3% during 2018-2024.

India and Mexico have good economic climate and condition, a youthful population, and a growing number of chocoholics thereby, encouraging vendors to invest in these regions in the global market. The shift in trend of “nutraceutical” to “health and wellness” is leading to a more holistic approach of introducing these ancient ingredients as superfoods in the market.The global industrial chocolate market is driven by vendors investing in high-growth countries such as Mexico and India. Ethnic flavor combinations, smaller portions, stronger health claims, increased transparency, and personalization will contribute to the growing revenues in the global market. The market research report provides in-depth market analysis and segmental analysis of the global industrial chocolate market by products, application, market entity, type, and geography.

The report considers the present scenario of the global industrial chocolate market and its market dynamics for the period 2019−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Industrial Chocolate Market – Dynamics

Chocolate is at the helm of that intersection, and those in the food industry are blurring the line between the two given that it is indulgent while also having some health benefits, thanks to the cocoa bean with its flavanols and natural antioxidant properties. Industrial chocolate products are specifically being developed to improve the nutrition label on the whole, such as added protein, low sugar, and added fibers, etc., which can lend more benefits to various snacks such as cookies, while providing a tasteful experience. As chocolates are foreign goods for several countries across the globe and they witness decline occasionally, otherwise too, scrambling American and European giants have for a while now depended on developing chocolates that are based on values and holidays to gain market share. For instance, Easter is a huge selling opportunity in Brazil, with more than 100 million Easter eggs consumed in a year and its only growing. In Canada, chocolates witness a 6% growth in sales around Christmas/Hanukkah. Holiday-themed chocolate launches have been dominated by the US and Germany in the last year or two. From chunky chocolates that give more bite to combinations such as crunchy additions in a soft filling are breaking new ground and taking textures to the next level. The reason for this invasion is that curious consumers want more than just one thing inside their chocolate - they want double or triple of it. Consumers have slowed down their eating experiences for better wellbeing, thereby looking for foodstuff and confectionery that are more complex to keep them hooked. Therefore, Barry Callebaut has introduced a sensory language and a tasting ritual for chocolates. Products that have an extra crunch or offer an aerated and fizzy sensation filling are particularly popular.

Industrial Chocolate Market – Segmentation

This market research report includes a detailed segmentation of the market by products, application, market entity, type, and geography.The global industrial chocolate market by products is segmented into cocoa butter, cocoa liquor, and cocoa powder. Cocoa butter dominated the total market share in 2018, growing at a CAGR of over 3% during the forecast period. The growing demand in new confectionery products is particularly prevailing in developed countries where the end consumer wants a refined mouthfeel is fueling the growth of this segment in the global market.The substantial health benefits through a processing methodology that preserves the naturally occurring cocoa flavanols, which are otherwise lost during conventional manufacturing processes in Cocoa powder will transform the global industrial chocolate market.

The application segment in the global industrial chocolate market is classified into bakery, ice-cream and frozen dessert, dairy, cereals, and others. The dairy application is the fastest growing segment in the global market, at a CAGR of approximately 4% during the forecast period. The increasing use of chocolate flavorings in newly developed milk products, yogurts, and creamers is fueling the growth of this segment in the global market.The increasing influence of social media and access to far more resources on dessert-making, ready-to-bake fillings and pie crusts that allow hosts to serve up treats are making inroads in the ice-cream segment in the global market. The growing demand for convenient and healthier breakfast options such as energy bars, yogurts, breakfast sandwiches from convenience stores, and smoothies will drive the growth of the global industrial chocolate market.

The global industrial chocolate market by type is divided into chocolate confectionery and cocoa and other chocolate products. Chocolate confectionery occupied the largest market share in 2018, growing at a CAGR of over 3% during the forecast period. The new combinations and experiences are becoming a must-do in the chocolate industry and fueling the growth of this segment in the global market.The availability of a wide range and increasingly expanding products such as cocoa amaretti granules, brownie cubes, and caramelized nibs granules are gaining immense popularity in the global market. The manufacturers are adding spice, floral, and superfood additions to these products to create product differentiation in the global industrial chocolate market.

The type segment in the global industrial chocolate market is categorized into open and integrated. The open entity is the fastest growing segment in the global market, at a CAGR of more than 3% during the forecast period. The top companies are focusing on product development and innovations which is fueling the growth of this segment in the global market.The growth of the integrated chocolate segment allows producers to control the entire process of manufacturing, thereby assuring product quality in the global market. The commitment to sustainability across the entire value creation chain will drive the evolution of the global industrial chocolate market.

Market Segmentation by Product
Cocoa Butter
Cocoa Liquor
Cocoa Powder

Market Segmentation by Application
Bakery
Ice-Cream and Frozen Dessert
Dairy
Cereals
Others

Market Segmentation by Market Entity
Open
Integrated

Market Segmentation by Type
Chocolate Confectionery and Cocoa
Other Chocolate Products

Industrial Chocolate Market – Geography

The global industrial chocolate market by geography is segmented into North America, Europe, APAC, and ROW. Europe dominated the global market share in 2018, growing at a CAGR of 3% during the forecast period. Europe dominates the production, export, and consumption of chocolate in the global market. The increasing preference for region specific ingredients is fueling the growth of the European region in the global market.Trends such as fiber and protein enrichment and dairy-free chocolate with the growth of veganism are transforming the industry in the North American market. Various global industrial chocolate market players are openingR&D centers and training academies in Singapore, China, India, Japan, Malaysia, and Indonesia.

Market Segmentation by Geography
Europe
UK
France
Germany
North America
US
Canada
APAC
Japan
China
Australia
India
ROW
Brazil
South Africa
UAE

Key Vendor Analysis

The global industrial chocolate market has a high concentration, and the top 4 players contribute over 90% of the total revenues. The leading vendors are investing in capacity expansion into cocoa producing countries to stay better sheltered from the unbalanced climatic and economic situations in the global market. The increasing focus on enhancing discoverability through several cultural and novelty influences and refining what companies are offering will help attract new consumers in the global market. The top players are competing on the basis of product innovation, product quality, and price in the global industrial chocolate market.

The major vendors in the global market are:
Barry Callebaut Group
Cargill
Fuji Oil
Cémoi
Other prominent vendors include Aalst Chocolate, Baronie, Chocoley, ClasenQuality Chocolate, Ferrero, Guittard, IRCA, Mars, Nestlé, Olam International, Puratos, Santa Barbara Chocolate, Sephra, The Hershey Company, Unigrà, and Valrhona.

Key market insights include
1. The analysis of the global industrial chocolate market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global industrial chocolate market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global industrial chocolate market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.



1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Applications
4.4.3 Market Segmentation by Market Entity
4.4.4 Market Segmentation by Type
4.4.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 The State Of The Global Economy
7.3 Factors Influencing Chocolate Consumption
7.3.1 Global Sugar Consumption
7.3.2 Disposable Incomes
7.4 Cocoa Production and Consumption: An Overview
7.4.1 Consumer Profiles
7.5 Industrial Chocolate Value chain
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Permissible Indulgences Going Strong
8.1.2 Evolution of the Role of Chocolate
8.1.3 A “Less but Better” Attitude
8.1.4 Cultural and Seasonal Adaptations Influence Uptake
8.2 Market Growth Restraints
8.2.1 Volatility in Cocoa Prices
8.2.2 Sugar Consumption Down in Mature Economies
8.2.3 An Impending Chocolate Shortage
8.2.4 Boutique Chocolatiers move the Needle
8.3 Market Opportunities and Trends
8.3.1 Stepping-up Sustainability
8.3.2 Focus on Texture for Multisensory Experiences
8.3.3 Getting Creative with Ruby
8.3.5 Cleaner Label Commitments
9 Global Industrial Chocolate Market
9.1 Market Size & Forecast
9.2 Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
10 By Application
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Market by Bakery
10.3.1 Market Size & Forecast
10.4 Dairy
10.4.1 Market Size & Forecast
10.5 Cereals
10.5.1 Market Size & Forecast
10.6 Others
10.6.1 Market Size & Forecast
11 By Products
11.1 Market snapshot & Growth Engine
11.2 Market Overview
11.3 Cocoa Butter
11.3.1 Market Size & Forecast
11.4 Cocoa Liquor
11.4.1 Market Size & Forecast
11.5 Cocoa Powder
11.5.1 Market Size & Forecast
12 By Type
12.1 Market snapshot & Growth Engine
12.2 Market Overview
12.3 Chocolate Confectionery
12.3.1 Market Size & Forecast
12.4 Cocoa and other chocolate products
12.4.1 Market Size & Forecast
13 By Market Entity
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Open Industrial Chocolate Market
13.3.1 Market Size & Forecast
13.4 Integrated Industrial Chocolate Market
13.4.1 Market Size & Forecast
14 By Geography
14.1 Market snapshot & Growth Engine
14.2 Overview
15 Europe
15.1 Market Size & Forecast
15.2 Key Countries
15.2.1 UK: Market Size & Forecast
15.2.2 France: Market Size & Forecast
15.2.3 Germany: Market Size & Forecast
16 North America
16.1 Market Size & Forecast
16.2 Key Countries
16.2.1 US: Market Size & Forecast
16.2.2 Canada: Market Size & Forecast
17 APAC
17.1 Market Size & Forecast
17.2 Key Countries
17.2.1 Japan: Market Size & Forecast
17.2.2 China: Market Size & Forecast
17.2.3 Australia: Market Size & Forecast
17.2.4 India: Market Size & Forecast
18 Rest Of World
18.1 Market Size & Forecast
18.2 Key Countries
18.2.1 Brazil: Market Size & Forecast
18.2.2 South Africa: Market Size & Forecast
18.2.3 UAE: Market Size & Forecast
19 Competitive Landscape
19.1 Competition Overview
20 Market Vendor Analysis
20.1 Market Ranking Analysis
21 Key Company Profiles
21.1 Barry Callebaut Group
21.1.1 Business Overview
21.1.2 Major Product Offerings
21.1.3 Key Strengths
21.1.4 Key Strategies
21.1.5 Key Opportunities
21.2 Cargill
21.2.1 Business Overview
21.2.2 Major Product Offerings
21.2.3 Key Strengths
21.2.4 Key Strategies
21.2.5 Key Opportunities
21.3 Fuji Oil
21.3.1 Business Overview
21.3.2 Key Strengths
21.3.3 Key Strategies
21.3.4 Key Opportunities
21.4 Cémoi
21.4.1 Business Overview
21.4.2 Major Product Offerings
21.4.3 Key Strengths
21.4.4 Key Strategies
21.4.5 Key Opportunities
22 Other Prominent Vendors
22.1 Aalst Chocolate
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strengths
22.1.4 Key Strategies
22.2 Baronie
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strengths
22.2.4 Key Strategies
22.3 Chocoley
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strengths
22.3.4 Key Strategies
22.4 Clasen Quality Chocolate
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strengths
22.4.4 Key Strategies
22.5 Ferrero
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strengths
22.5.4 Key Strategies
22.6 Guittard
22.6.1 Business Overview
22.6.2 Product Offerings
22.6.3 Key Strengths
22.6.4 Key Strategies
22.7 IRCA
22.7.1 Business Overview
22.7.2 Product Offerings
22.7.3 Key Strengths
22.7.4 Key Strategies
22.8 Mars
22.8.1 Business Overview
22.8.2 Product Offerings
22.8.3 Key Strengths
22.8.4 Key Strategies
22.9 Nestle
22.9.1 Business Overview
22.9.2 Product Offerings
22.9.3 Key Strengths
22.9.4 Key Strategies
22.10 Olam International
22.10.1 Business Overview
22.10.2 Product Offerings
22.10.3 Key Strengths
22.10.4 Key Strategies
22.11 Puratos
22.11.1 Business Overview
22.11.2 Product Offerings
22.11.3 Key Strengths
22.11.4 Key Strategies
22.12 Santa Barbara Chocolate
22.12.1 Business Overview
22.12.2 Product Offerings
22.12.3 Key Strengths
22.12.4 Key Strategies
22.13 Sephra
22.13.1 Business Overview
22.13.2 Product Offerings
22.13.3 Key Strengths
22.13.4 Key Strategies
22.14 The Hershey Company
22.14.1 Business Overview
22.14.2 Product Offerings
22.14.3 Key Strengths
22.14.4 Key Strategies
22.15 Unigrà
22.15.1 Business Overview
22.15.2 Product Offerings
22.15.3 Key Strengths
22.15.4 Key Strategies
22.16 Valrhona
22.16.1 Business Overview
22.16.2 Product Offerings
22.16.3 Key Strengths
22.16.4 Key Strategies
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations
23.3 Quantitative Summary
23.3.1 Market Size
24 Appendix
24.1 Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Global Industrial Chocolate Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 State of the Industrial Chocolate Market
Exhibit 4 Economic Profile
Exhibit 5 Global GDP Growth 2017 (annual % change)
Exhibit 6 Gross Adjusted Household Disposable Income Per Capita of OECD Countries in 2017 ($)
Exhibit 7 Global Share of Cocoa Producers
Exhibit 8 Global Cocoa Production and Consumption (thousand tons)
Exhibit 9 Profiles of Chocolate Consumer
Exhibit 10 Global Industrial Cocoa/Chocolate Supply Chain
Exhibit 11 Impact of Permissible Indulgences Going Strong
Exhibit 12 Impact of Evolution of the Role of Chocolate
Exhibit 13 Impact of A “Less but Better” Attitude
Exhibit 14 Impact of Cultural and Seasonal Adaptations Influence Uptake
Exhibit 15 Impact of Volatility in Cocoa Prices
Exhibit 16 Global Cocoa Price 2000−2016 ($ per metric ton)
Exhibit 17 Impact of Sugar Consumption Down in Mature Economies
Exhibit 18 Glimpse of Sugar Consumption Statistics Worldwide
Exhibit 19 Impact of An Impending Chocolate Shortage
Exhibit 20 The Chocolate Crisis: An Overview
Exhibit 21 Impact of Boutique Chocolatiers move the Needle
Exhibit 23 Impact of Stepping-up Sustainability
Exhibit 24 Cocoa Sustainability Statistics
Exhibit 25 Impact of Focus on Texture for Multisensory Experiences
Exhibit 26 Statistic on Sentiments of Consumer on Food with Texture
Exhibit 27 Impact of Getting Creative with Ruby
Exhibit 28 Impact of Cleaner Label Commitments
Exhibit 29 Statistics on Food and Beverage Labelling and Decision Making
Exhibit 30 Sales Potential for Confectionery Segments, Ingredients, and Flavors
Exhibit 31 Global Industrial Chocolate Market 2018−2024 (thousand tons)
Exhibit 32 Five Force Analysis 2018
Exhibit 33 Incremental Growth by Application 2018-2024
Exhibit 34 Global Industrial Chocolate Market by Application Type 2018−2024 (thousand tons)
Exhibit 35 Global Industrial Chocolate Market by Application Type 2018 & 2024
Exhibit 36 Global Industrial Chocolate Market- Comparison by Application Type 2018−2024
Exhibit 37 Ice-cream across the Globe: An Overview
Exhibit 38 Global Industrial Chocolate Market by Dairy 2018−2024 (thousand tons)
Exhibit 39 Global Industrial Chocolate Market by Cereals 2018−2024 (thousand tons)
Exhibit 40 Global Industrial Chocolate Market by Others 2018−2024 (thousand tons)
Exhibit 41 Incremental Growth by Product 2018-2024
Exhibit 42 Global Industrial Chocolate Market by Products (thousand tons)
Exhibit 43 Global Industrial Chocolate Market by Products 2018 & 2024
Exhibit 44 Global Industrial Chocolate Market - Comparison by Products 2018−2024
Exhibit 45 Global Industrial Chocolate Market by Cocoa Butter 2018−2024 (thousand tons)
Exhibit 46 Global Industrial Chocolate Market by Cocoa Liquor 2018−2024 (thousand tons)
Exhibit 47 Incremental Growth by Chocolate Type 2018-2024
Exhibit 48 Global Industrial Chocolate Market by Type (thousand tons)
Exhibit 49 Global Industrial Chocolate Market by Type 2018 & 2024
Exhibit 50 Global Industrial Chocolate Market- Growth Comparison by Type 2018–2024
Exhibit 51 Global Industrial Chocolate Market by Chocolate Confectionery 2018–2024 (thousand tons)
Exhibit 52 Global Industrial Chocolate Market by Cocoa and Other Chocolate Products 2018–2024 (thousand tons)
Exhibit 53 Incremental Growth by Market Entity 2018-2024
Exhibit 54 Global Industrial Chocolate Market by Market Entity (thousand tons)
Exhibit 55 Global Industrial Chocolate Market by Market Entity 2018 and 2024
Exhibit 56 Global Industrial Chocolate Market- Growth Comparison by Market Entity 2018–2024
Exhibit 57 Global Open Industrial Chocolate Market 2018–2024 (thousand tons)
Exhibit 58 Global Integrated Industrial Chocolate Market 2018–2024 (thousand tons)
Exhibit 59 Incremental Growth by Geography 2018-2024
Exhibit 60 Global Industrial Chocolate Market by Geography (thousand tons)
Exhibit 61 Global Industrial Chocolate Market by Geography 2018
Exhibit 62 Global Industrial Chocolate Market by Geography 2024
Exhibit 63 Global Industrial Chocolate Market- Growth Comparison by Geography 2018–2024
Exhibit 64 Global Industrial Chocolate Market by Europe 2018–2024 (thousand tons)
Exhibit 65 Organic Claims by Application 2019
Exhibit 66 Incremental Growth in Europe 2018-2024
Exhibit 67 Industrial Chocolate Market in UK 2018–2024 (thousand tons)
Exhibit 68 Industrial Chocolate Market in France 2018–2024 (thousand tons)
Exhibit 69 Industrial Chocolate Market in Germany 2018–2024 (thousand tons)
Exhibit 70 Industrial Chocolate Market in North America 2018–2024 (thousand tons)
Exhibit 71 Incremental Growth in North America 2018-2024
Exhibit 72 Industrial Chocolate Market in US 2018–2024 (thousand tons)
Exhibit 73 Industrial Chocolate Market in Canada 2018–2024 (thousand tons)
Exhibit 74 Industrial Chocolate Market in APAC 2018–2024 (thousand tons)
Exhibit 75 Incremental Growth in APAC 2018-2024
Exhibit 76 Industrial Chocolate Market in Japan 2018–2024 (thousand tons)
Exhibit 77 Industrial Chocolate Market in China 2018–2024 (thousand tons)
Exhibit 78 Industrial Chocolate Market in Australia 2018–2024 (thousand tons)
Exhibit 79 Industrial Chocolate Market in India 2018–2024 (thousand tons)
Exhibit 80 Industrial Chocolate Market in ROW 2018–2024 (thousand tons)
Exhibit 81 Incremental Growth in ROW 2018-2024
Exhibit 82 Industrial Chocolate Market in Brazil 2018–2024 (thousand tons)
Exhibit 83 Industrial Chocolate Market in South Africa 2018–2024 (thousand tons)
Exhibit 84 Industrial Chocolate Market in UAE 2018–2024 (thousand tons)
Exhibit 85 Ranking of Industrial Chocolate Vendors by Volume and Grinding Capacity 2018
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2018
Table 3 Global Industrial Chocolate Market by Bakery 2018−2024 (thousand tons)
Table 4 Output of Bread and Bakery Goods in Leading Seven Countries 2018
Table 5 Global Industrial Chocolate Market by Cocoa Powder 2018−2024 (thousand tons)
Table 6 Market Ranking Analysis 2018
Table 7 Barry Callebaut Group: Product Offerings
Table 8 Collective Retreats: Product Offerings
Table 9 Fuji Oil: Product Offerings
Table 10 Cémoi: Product Offerings
Table 11 Global Industrial Chocolate Market by Products (thousand tons)
Table 12 Global Industrial Chocolate Market by Products (%)
Table 13 Global Industrial Chocolate Market by Application (thousand tons)
Table 14 Global Industrial Chocolate Market by Applications (%)
Table 15 Global Industrial Chocolate Market by Market Entity (thousand tons)
Table 16 Global Industrial Chocolate Market by Market Entity (%)
Table 17 Global Industrial Chocolate Market by Type (thousand tons)
Table 18 Global Industrial Chocolate Market by Type (%)
Table 19 Global Industrial Chocolate Market by Geography (thousand tons)
Table 20 Global Industrial Chocolate Market by Geography (%)

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