This research report presents a comprehensive segmentation of the global industrial chocolate market by market entities such as integrated and open markets. The report provides a market share analysis of key regions such as the Americas, APAC, Europe, and MEA. The leading companies in the market are Barry Callebaut, Cargill, Blommer, and ADM.
Technavio’s market research analysts estimate the global industrial chocolate market to grow at a CAGR of around 3% between 2015 and 2019. The increasing demand for dark chocolates owing to changing tastes is primarily driving the global industrial chocolate market. Europe dominates the global market, occupying around 44% of the total market share. The presence of a vast number of chocolate manufacturers and processing companies has been contributing to the market growth in this region. Germany, Italy, France, Spain, and the UK are the biggest chocolate consumers in the European Union.
The new market research report from Technavio provides a breakdown and analysis of the industrial chocolate segments by technology.
“Various innovations in chocolate texture is gaining popularity in the market with the changing taste perception of consumers. Gluing fillings, aerated and creamy fillings integrated with crunchy inclusions are some newer textures available in the market. Vendors are also aiming towards nutrition enhancement in chocolates. They are incorporating cocoa process in chocolates to produce healthy chocolates. The cocoa’s antioxidant content in chocolates improves brain function, heart health, and reduced cancer risk,” says Sriram Mohan, Lead Analyst, Food & Beverage, Technavio Research.
Industrial chocolate manufacturers are developing chocolate products with different functionalities, flavours, and price points. Chocolates with customized texture, structure, and sensory attributes are gaining prominence in the market. Observing wide applications of these chocolates, vendors in the food service and manufacturing industry are integrating them into their products. For instance, chocolate inclusions and coatings are now a part of nutrition bars, cereals, and peanut butter.
The leading vendors in the global industrial chocolate market are Barry Callebaut, Cargill, Blommer, and ADM. The market is highly competitive with a limited presence of small suppliers. Intense competition prevails in this market with an increase in product/service extensions and technological innovations. The market is also expected to witness inorganic growth due to a number of mergers and alliances.
A more detailed analysis is available in the Technavio report, Global Industrial Chocolate Market-Market Research 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
- Chocolate Market in Europe 2015-2019
- Global Dark Chocolate Market 2015-2019
- Global Chocolate Market 2015-2019
- Confectionery Market in the US 2015-2019
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