Compound Chocolate Market 2022: Top Players (Cargill, Puratos, Clasen Quality Chocolate, Santa Barbara Chocolate), Current Trends and Share, Application, Growth Factors, Future Demands and Forecast to 2027

(The Express Wire via Comtex)

"Compound Chocolate Market" (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. Compound Chocolate Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.

The global compound chocolate market is projected to register an estimated CAGR of 6.31% during the forecast period of 2021-2027.

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Company Coverage: -

- Cargill

- Puratos

- Clasen Quality Chocolate

- Santa Barbara Chocolate

- Blommer Chocolate Company

- The Barry Callebaut Group

- Aalst Chocolate

- Sephra

- Chocoley

- Unigra

- Palsgaard

- AAK

- Wilmar International

- Aalst Chocolate

- KCG Corporation

- Flanders Filings and Compounds (backed by Fuji Oil Europe)

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Market Players Competitor Analysis:

Low Cost of Compound Chocolate – Fueling the Market Growth

Increasing demand of low priced cocoa based products has increased the demand of compound chocolates, globally. The major market drivers include increased price of cocoa butter, limited supply of cocoa products in the market, cheaper price of compound chocolates, and increasing demand in industrial and bakery applications. The technical advantage of non-requirement of tempering and easy manufacturing process has increased the industrial demand of compound chocolates. However, the regulation on adding vegetable fats in chocolate, by various regulatory authorities, has restrained the growth of the compound chocolate market. Other than the regulation on vegetable fats, major factors restraining the market growth includes unhealthy nature of cheap vegetable fats, along with consumer preferences for the pure chocolates among others.

Versatile Application of Compound Chocolate in Bakery and Confectionery Segment

The compound chocolates are used in industrial applications of bakery and confectionery products, as direct chocolate end-consumers, and in ice creams. The increased demand of coatings and coverings for the bakery products has raised compound chocolates’ popularity among bakery applications. The market is sub-segmented by the product type, as compound chocolate chips, coatings, slabs, and others. The chocolate chips are used in products, such as ice cream, biscuits, and cookies. Chocolate slabs are utilized commercially by manufactures for industrial applications, where it is melted and further processed into final product.

By flavor, the market can be segmented into dark, white, milk, and others. White chocolate has found increasing consumer preference in bakery and confectionary applications, owing to its full cream flavor characteristic.

Asia-Pacific Remains a Hub for Compound Chocolate Production

Compound chocolate is mostly produced in developing regions, such as Asia-Pacific, which accounts for the highest production of compound chocolate. The countries in the region extensively export to developed countries, like the United States and Canada, among others. Increased advancement in technology and the chocolate crisis in the market have provided to be a great opportunity to the compound chocolate market. Asia-Pacific region accounts for major share, owing to its affordable cost, while the stringent regulatory barrier is being a big challenge for the market.

Key Developments

• January 2017 - Barry Callebaut launched a new range of fillings for confectionery and bakery creations at ISM trade fair in Cologne. The company claims the fillings to contain 40% less calorie, compared to fat-based fillings, as they are made without any added vegetable fats or preservatives.

• October 2016 - Barry Callebaut expanded chocolate manufacturing facility in Singapore, with a total investment of USD 18 million. The new chocolate chips/drops molding line cater to the production of different product shapes and sizes, to fulfill market demand.

The major players include - CARGILL, PURATOS, CLASEN QUALITY CHOCOLATE, SANTA BARBARA CHOCOLATE, BLOMMER CHOCOLATE COMPANY, THE BARRY CALLEBAUT GROUP, AALST CHOCOLATE, SEPHRA, CHOCOLEY, UNIGRA, PALSGAARD, AAK, WILMAR INTERNATIONAL, AALST CHOCOLATE, KCG CORPORATION, FLANDERS FILINGS and COMPOUNDS (BACKED BY FUJI OIL EUROPE), amomngst others.

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Reasons to Purchase this Report:

● To examine the increased usage of Compound Chocolate in Industry that affect the global market scenario
● Analyze various perspectives of the market with the help of Porter’s five forces analysis
● To know the modality and application that are expected to dominate the market
● To know the regions that are expected to witness fastest growth during the forecast period
● Identify the latest developments, market shares, and strategies employed by major market players

Customization of the Report:

● This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

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Regional Analysis: -

- North America

- Asia-Pacific

- Europe

- South America

- Africa

Some Major Points from TOC: -

1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modeling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1 Drivers
4.1.1 Economical and Desirable Substitute of Cocoa Butter
4.1.2 Functionalities of Compound Chocolate
4.1.3 Increased Demand from Emerging Markets
4.2 Restraints
4.2.1 Organoleptic Properties and Health Concerns
4.2.2 Regulatory Requirements
4.3 Opportunities
4.3.1 Export Opportunities in Emerging Markets
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Product Type
5.1.1 Chocolate Chip
5.1.2 Chocolate Slab
5.1.3 Chocolate Coatings
5.1.4 Others
5.2 By Application
5.2.1 Ice Cream and Frozen Desserts
5.2.2 Bakery
5.2.3 Compound Chocolate
5.2.4 Confectionery
5.3 By Flavor
5.3.1 Milk
5.3.2 Dark
5.3.3 White
5.3.4 Others
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Germany
5.4.2.5 Russia
5.4.2.6 Italy
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Africa
6. Competitive Landscape
6.1 Strategy adopted by Key players
6.2 Most active companies in the past five years
6.3 Market Share Analysis
7. Company Profiles
7.1 Cargill
7.2 Puratos
7.3 Clasen Quality Chocolate
7.4 Santa Barbara Chocolate
7.5 Blommer Chocolate Company
7.6 The Barry Callebaut Group
7.7 Aalst Chocolate
7.8 Sephra
7.9 Chocoley
7.10 Unigra
7.11 Palsgaard
7.12 AAK
7.13 Wilmar International
7.14 Aalst Chocolate
7.15 KCG Corporation
7.16 Flanders Filings and Compounds (backed by Fuji Oil Europe)
8. Appendix
8.1 Disclaimer
8.2 SourcesAAAA

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