Industrial Chocolate Production
The Industrial Chocolate Production industry processes cocoa beans to manufacture cocoa products, including cocoa powder, cocoa liquor and cocoa butter. Industry products are used as ingredients in chocolate-based confectionery and other foods. As a result, the majority of this industry's customers are chocolate confectionery producers. Over the five years to 2018, the industry has benefited from trends such as improving disposable incomes and greater demand for premium chocolate goods. However, other trends, including volatile cocoa prices and rising health consciousness, have stunted industry growth. Overall, industry revenue is anticipated to decline during the current period, largely as a result of decreasing cocoa prices. Conversely, industry revenue is expected to increase over the five years to 2023. This growth is attributable to improving harvest conditions and health-conscious consumers creating opportunities for the introduction of organic, sustainably sourced cocoa products.
This industry includes companies that press cocoa beans to manufacture cocoa ingredients used in other food processing. This industry’s products include cocoa powder, cocoa butter and cocoa liquor.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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