Global Compound Chocolate Market Overview By Share, Size, Industry Players, Revenue And Product Demand Till 2016-2022
Compound chocolate is a product made from a combination of cocoa, vegetable fat and sweetness. As it uses less-expensive hard vegetable fats such as coconut oil in place of the more expensive cocoa butter, it is used a lower-cost alternative to true chocolate. It is referred to as compound coating when used as a coating for candy.
The growth of global compound chocolate market can be attributed to the increasing demand of low priced cocoa based products. The major market drivers includes increased price of cocoa butter, limited supply of cocoa products in the market, cheaper price of compound chocolates and its increasing demand in industrial and bakery applications. There has been increased demand of compound chocolates in the industrial application because of the technical advantages of non-requirement of tempering and an easy manufacturing process. On the contrary the regulations such as on addition of vegetable fats in chocolate by various regulatory authorities has posed a threat on this sector.
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The compound chocolate market can be segmented on the basis of application, type of products and region. On the basis of application, these are used in industrial applications of bakery and confectionary products and in ice-creams. The compound chocolate sector has gained popularity among bakery applications due to the increased demand of coatings and coverings for bakery products. On the basis of product type, this market can be divided into compound chocolate chips, coverings, slabs and chocolate bars. The chocolate chips are used in ice-cream and cookie products. Chocolate slabs are mainly seen in industrial application where these are melted and further processed into final product.
The market is segmented on the basis of demography into North America, Europe, Asia Pacific, Asia and South America. The major market share constituting the compound chocolate market are Asia Pacific, Europe and South America. The Global compound chocolate market is moving at a faster rate. Europe is the fastest emerging market and is the largest exporter of chocolate confectionary in the world.
The major key market players are Hershey’s, Ferrero, and Domingo Ghirardelli, Lindt and Sprungli, Nestle, Lotte, Barry Callebaut and many more to count.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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