Chocolate Couverture Market Overview (2022-2032)

[250 Pages Report] The global chocolate couverture market is estimated to total nearly US$ 7.5 Bn by the end of 2022. The sales of chocolate couverture are expected to rise at a CAGR of 4% to 5% during the forecast period 2022-2032. Surging applications of chocolate couverture across hotels, cafes, and restaurants for making desserts, chocolates-based drinks, ice creams, and others is estimated to propel the demand in the global market.

Report Attribute Details
Chocolate Couverture Market Base Year Value (2021) US$ 7 Billion
Chocolate Couverture Market Expected Value (2022) US$ 7.5 Billion
Chocolate Couverture Market Projected Growth Rate (2022 to 2032) 4% to 5% CAGR

Chocolate couverture is a chocolate that is processed from cocoa beans and contains a higher percentage of cocoa butter (nearly 32% to 39) than convention eating and baking chocolate. When combined with proper tempering, the additional cocoa butter in the couverture, gives the chocolate a creamy mellow flavor, more sheen, and a firm snap sound when broken. The specialty of chocolate couverture is attributed to favorable characteristics such as crystallization of cocoa butter.

The processing of chocolate couverture involves a careful selection of cocoa butter crystals that are inherently in the higher stable crystals form and preserving those in chocolates. This preservation of stable crystals is what provides the couverture a smooth and perfect texture.

In order to be perfectly labeled with ‘couverture,’ the chocolate products are necessary to contain no less than 35% of the total dark cocoa solids, 2.5% of dry non-fat cocoa solids, and 31% cocoa butter.

This high content of dark cocoa solids and cocoa butter grants chocolate couverture its unique taste profile that expresses the intensity of the cocoa flavor in the purest form. Hence, surging demand for dark chocolate, milk chocolates, and other chocolate products is anticipated to bolster the sales of chocolate couverture in the market.

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Which are the Factors Driving the Growth in Chocolate Couverture Market?

Chocolate couverture is gaining immense popularity across sectors such as food and beverage processing, ice cream & frozen desserts, confectionery, and bakery among others, owing to its high content of cocoa butter, intense chocolaty flavor, and smooth & creamy texture. In addition to this, the couverture can be melted and re-melted making them suitable for a wide range of applications such as filling, molding, and glaze across diverse industries.

Also called as cooking chocolate, chocolate couverture is extensively being used in making numerous chocolate products such as flavored milk, crackles, ice cream, brownie, chocolate covers foods, cake, cookies, fudge, and biscuits among others. Thus, increasing demand for aforementioned products across the world is projected to create lucrative growth opportunities in the market.

With increasing consumption of variety of chocolate such as dark chocolates, milk chocolates, flavored chocolates, choco chips, and others, leading chocolate manufacturers are increasingly focusing on expanding their production capacity. For instance, in 2020, Barry Callebaut, one of the largest chocolate manufacturers announced investing US$ 9.59 Mn for expanding its production capacity at its Mina Gerais, Brazil. As chocolate couverture is one of the main ingredients used in production of chocolate products, such developments are estimated to favor the growth in the market.

What are the Challenges Faced by the Chocolate Couverture Market?

Over the past few years, a significant rise in burden of lifestyle diseases such as diabetes, obesity, and others, is being witnessed worldwide. For instance, according to a report by the International Diabetes Federation, nearly 537 million adults between the age of 20 and 79 years were suffering from diabetes across the world in 2021 and the number is estimated to reach 643 million by the end of 2030.

Attributed to this growing prevalence of lifestyle diseases, population across the globe are increasingly avoiding the consumption of sweets including chocolates, owing to its adverse effects on health. This is anticipated to hinder the sales of chocolate couverture in the market.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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Why is Asia Pacific excluding Japan Emerging as an Opportunistic Chocolate Couverture Market?

Future Market Insights states that Asia Pacific excluding Japan is estimated to account for the dominant share in the global chocolate couverture market between 2022 and 2032.

The trend of cafes, restaurants, and hotels is creating deeper inroads across the Asia Pacific, owing to the rising consumer spending on leisure activities. Hence, prominent industry players are emphasizing on launching novel food service spaces to capitalize on the existing trend.

For instance, Fren Hotels & Resort, an Indian hotel chain announced opening 2 new hotels in locations Kevadia (Statue of Unity) and Junagadh (Gujarat) in 2021. As foodservice operators increasingly make use of chocolate couverture for making chocolate-based beverages, desserts, and others, such developments are expected to propel the demand for chocolate couverture in the Asia Pacific excluding Japan market.

How is Europe Contributing to the Growth of the Chocolate Couverture Market?

As per FMI, Europe is anticipated to project robust growth in the global chocolate couverture market during the forecast period 2022-2032.

Demand for chocolate couverture is surging at a rapid pace, owing to increasing application across bakery, confectionery, food processing, beverages, and household. Citing this trend, leading manufacturers in the market are focusing on launching novel products to cater to surging demand.

For instance, in 2021, Cacao Barry, a Swiss-French manufacturer of chocolate announced introducing its first chocolate couverture made from 100% pure cocoafruit, Evocao. A slew of such product launches is projected to spur the sales of chocolate couverture in the Europe market.

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Market Competition

Some of the leading players in the chocolate couverture market are Barry Callebaut AG, Cocoa Processing Company Ltd., Scharffen Berger, Struben Couverture Chocolate Factory, ICAM, Chocolats Marionnettes, Von Geusau, Lindt, and Valrhona, Max Felchlin AG, Guittard, and others.

Key participant are aiming at launching new products with innovative flavors and expanding their production capacity to gain edge in the highly competitive market.

Report Scope

Report Attribute Details
Growth Rate CAGR of 4% to 5% from 2022 to 2032
Base Year for Estimation 2021
Historical Data 2015 to 2020
Forecast Period 2022 to 2032
Quantitative Units Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
  • Form
  • Type
  • Nature
  • End Use
  • Sales Channel
  • Region
Countries Covered
  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East and Africa
Key Companies Profiled
  • Barry Callebaut AG
  • Cocoa Processing Company Ltd.
  • Scharffen Berger
  • Struben Couverture Chocolate Factory
  • ICAM
  • Chocolats Marionnettes
  • Von Geusau
  • Lindt and Valrhona
  • Max Felchlin AG
  • Guittard
Customization Available Upon Request

Key Segments Profiled in the Chocolate Couverture Market Survey

By Form:

  • Buttons/Discs
  • Slabs
  • Blocks

By Type:

  • Dark
  • Milk

By Nature:

  • Organic
  • Conventional

By End Use:

  • Industrial/Food and Beverage Processing
  • Baked Goods
  • Confectioneries
  • Ice Cream & Frozen Desserts
  • Beverages
  • Bakery & Confectionery Shops
  • Hotels and Restaurants
  • Household

By Sales Channel:

  • Direct Sales/ B2B
  • Indirect Sales/ B2C
  • Intermediate/ Bulk Distributor
  • Brick & Mortar Retailers
  • Online Retailers

By Region:

  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

Whahe sales forecast for chocolate couverture in the global market until 2032?

FMI projects the sales of chocolate couverture in the market is expected to rise at around 4% to 5% value CAGR by 2032.

Which region is forecast to be the most lucrative for chocolate couverture market growth?

The global chocolate couverture market is expected to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.

Whih are some leading chocolate couverture manufacturers?

Barry Callebaut AG, Cocoa Processing Company Ltd., Scharffen Berger, Struben Couverture Chocolate Factory, ICAM, Chocolats Marionnettes, Von Geusau, Lindt, and Valrhona, Max Felchlin AG, Guittard are some of the leading players in the prominent chocolate couverture market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Product Type, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Product Type, 2022-2032

        5.3.1. Dark Chocolate

        5.3.2. Milk Chocolate

        5.3.3. White Chocolate

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017-2021

    5.5. Absolute $ Opportunity Analysis By Product Type, 2022-2032

Deep-dive segmentation will be available in the sample on request

6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Form

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Form, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Form, 2022-2032

        6.3.1. Slabs

        6.3.2. Blocks

        6.3.3. Button/Discs

    6.4. Y-o-Y Growth Trend Analysis By Form, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Form, 2022-2032

Deep-dive segmentation will be available in the sample on request

7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Nature

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Nature, 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Nature, 2022-2032

        7.3.1. Organic

        7.3.2. Conventional

    7.4. Y-o-Y Growth Trend Analysis By Nature, 2017-2021

    7.5. Absolute $ Opportunity Analysis By Nature, 2022-2032

Deep-dive segmentation will be available in the sample on request

8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End Use

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By End Use, 2017-2021

    8.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By End Use, 2022-2032

        8.3.1. Food and Beverage Processing

        8.3.2. Food Service Providers

        8.3.3. Household (Retail)

    8.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021

    8.5. Absolute $ Opportunity Analysis By End Use, 2022-2032

Deep-dive segmentation will be available in the sample on request

9. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel

    9.1. Introduction / Key Findings

    9.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Sales Channel, 2017-2021

    9.3. Current and Future Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Sales Channel, 2022-2032

        9.3.1. Direct Sales/B2B

        9.3.2. Indirect Sales/B2C

    9.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021

    9.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032

Deep-dive segmentation will be available in the sample on request

10. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    10.1. Introduction

    10.2. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis By Region, 2017-2021

    10.3. Current Market Size Value (US$ Mn) & Volume (MT) Analysis and Forecast By Region, 2022-2032

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. East Asia

        10.3.5. South Asia & Pacific

        10.3.6. MEA

    10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. U.S.

            11.2.1.2. Canada

        11.2.2. By Product Type

        11.2.3. By Form

        11.2.4. By Nature

        11.2.5. By End Use

        11.2.6. By Sales Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By Form

        11.3.4. By Nature

        11.3.5. By End Use

        11.3.6. By Sales Channel

    11.4. Key Takeaways

12. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. Mexico

            12.2.1.2. Brazil

            12.2.1.3. Rest of Latin America

        12.2.2. By Product Type

        12.2.3. By Form

        12.2.4. By Nature

        12.2.5. By End Use

        12.2.6. By Sales Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By Form

        12.3.4. By Nature

        12.3.5. By End Use

        12.3.6. By Sales Channel

    12.4. Key Takeaways

13. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. Germany

            13.2.1.2. Italy

            13.2.1.3. France

            13.2.1.4. U.K.

            13.2.1.5. Spain

            13.2.1.6. BENELUX

            13.2.1.7. Russia

            13.2.1.8. Rest of Europe

        13.2.2. By Product Type

        13.2.3. By Form

        13.2.4. By Nature

        13.2.5. By End Use

        13.2.6. By Sales Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By Form

        13.3.4. By Nature

        13.3.5. By End Use

        13.3.6. By Sales Channel

    13.4. Key Takeaways

14. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    14.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    14.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Product Type

        14.2.3. By Form

        14.2.4. By Nature

        14.2.5. By End Use

        14.2.6. By Sales Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By Form

        14.3.4. By Nature

        14.3.5. By End Use

        14.3.6. By Sales Channel

    14.4. Key Takeaways

15. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    15.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    15.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        15.2.1. By Country

            15.2.1.1. India

            15.2.1.2. ASEAN

            15.2.1.3. Australia and New Zealand

            15.2.1.4. Rest of South Asia & Pacific

        15.2.2. By Product Type

        15.2.3. By Form

        15.2.4. By Nature

        15.2.5. By End Use

        15.2.6. By Sales Channel

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Product Type

        15.3.3. By Form

        15.3.4. By Nature

        15.3.5. By End Use

        15.3.6. By Sales Channel

    15.4. Key Takeaways

16. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    16.1. Historical Market Size Value (US$ Mn) & Volume (MT) Trend Analysis By Market Taxonomy, 2017-2021

    16.2. Market Size Value (US$ Mn) & Volume (MT) Forecast By Market Taxonomy, 2022-2032

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. Turkey

            16.2.1.3. South Africa

            16.2.1.4. Rest of MEA

        16.2.2. By Product Type

        16.2.3. By Form

        16.2.4. By Nature

        16.2.5. By End Use

        16.2.6. By Sales Channel

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Product Type

        16.3.3. By Form

        16.3.4. By Nature

        16.3.5. By End Use

        16.3.6. By Sales Channel

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. U.S.

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2021

            17.1.2.1. By Product Type

            17.1.2.2. By Form

            17.1.2.3. By Nature

            17.1.2.4. By End Use

            17.1.2.5. By Sales Channel

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2021

            17.2.2.1. By Product Type

            17.2.2.2. By Form

            17.2.2.3. By Nature

            17.2.2.4. By End Use

            17.2.2.5. By Sales Channel

    17.3. Mexico

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2021

            17.3.2.1. By Product Type

            17.3.2.2. By Form

            17.3.2.3. By Nature

            17.3.2.4. By End Use

            17.3.2.5. By Sales Channel

    17.4. Brazil

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2021

            17.4.2.1. By Product Type

            17.4.2.2. By Form

            17.4.2.3. By Nature

            17.4.2.4. By End Use

            17.4.2.5. By Sales Channel

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2021

            17.5.2.1. By Product Type

            17.5.2.2. By Form

            17.5.2.3. By Nature

            17.5.2.4. By End Use

            17.5.2.5. By Sales Channel

    17.6. Italy

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2021

            17.6.2.1. By Product Type

            17.6.2.2. By Form

            17.6.2.3. By Nature

            17.6.2.4. By End Use

            17.6.2.5. By Sales Channel

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2021

            17.7.2.1. By Product Type

            17.7.2.2. By Form

            17.7.2.3. By Nature

            17.7.2.4. By End Use

            17.7.2.5. By Sales Channel

    17.8. U.K.

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2021

            17.8.2.1. By Product Type

            17.8.2.2. By Form

            17.8.2.3. By Nature

            17.8.2.4. By End Use

            17.8.2.5. By Sales Channel

    17.9. Spain

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2021

            17.9.2.1. By Product Type

            17.9.2.2. By Form

            17.9.2.3. By Nature

            17.9.2.4. By End Use

            17.9.2.5. By Sales Channel

    17.10. BENELUX

        17.10.1. Pricing Analysis 17.10.2. Market Share Analysis, 2021

            17.10.1.1. By Product Type

            17.10.1.2. By Form

            17.10.1.3. By Nature

            17.10.1.4. By End Use

            17.10.1.5. By Sales Channel

    17.11. Russia

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2021

            17.11.2.1. By Product Type

            17.11.2.2. By Form

            17.11.2.3. By Nature

            17.11.2.4. By End Use

            17.11.2.5. By Sales Channel

    17.12. China

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2021

            17.12.2.1. By Product Type

            17.12.2.2. By Form

            17.12.2.3. By Nature

            17.12.2.4. By End Use

            17.12.2.5. By Sales Channel

    17.13. Japan

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2021

            17.13.2.1. By Product Type

            17.13.2.2. By Form

            17.13.2.3. By Nature

            17.13.2.4. By End Use

            17.13.2.5. By Sales Channel

    17.14. South Korea

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2021

            17.14.2.1. By Product Type

            17.14.2.2. By Form

            17.14.2.3. By Nature

            17.14.2.4. By End Use

            17.14.2.5. By Sales Channel

    17.15. India

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2021

            17.15.2.1. By Product Type

            17.15.2.2. By Form

            17.15.2.3. By Nature

            17.15.2.4. By End Use

            17.15.2.5. By Sales Channel

    17.16. ASEAN

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2021

            17.16.2.1. By Product Type

            17.16.2.2. By Form

            17.16.2.3. By Nature

            17.16.2.4. By End Use

            17.16.2.5. By Sales Channel

    17.17. Australia and New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2021

            17.17.2.1. By Product Type

            17.17.2.2. By Form

            17.17.2.3. By Nature

            17.17.2.4. By End Use

            17.17.2.5. By Sales Channel

    17.18. GCC Countries

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2021

            17.18.2.1. By Product Type

            17.18.2.2. By Form

            17.18.2.3. By Nature

            17.18.2.4. By End Use

            17.18.2.5. By Sales Channel

    17.19. Turkey

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2021

            17.19.2.1. By Product Type

            17.19.2.2. By Form

            17.19.2.3. By Nature

            17.19.2.4. By End Use

            17.19.2.5. By Sales Channel

    17.20. South Africa

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2021

            17.20.2.1. By Product Type

            17.20.2.2. By Form

            17.20.2.3. By Nature

            17.20.2.4. By End Use

            17.20.2.5. By Sales Channel

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Product Type

        18.3.3. By Form

        18.3.4. By Nature

        18.3.5. By End Use

        18.3.6. By Sales Channel

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. Barry Callebaut AG

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

                19.1.1.5.2. Product Strategy

                19.1.1.5.3. Channel Strategy

        19.1.2. Santa Barbara Chocolate

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

                19.1.2.5.2. Product Strategy

                19.1.2.5.3. Channel Strategy

        19.1.3. Scharffen Berger

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

                19.1.3.5.2. Product Strategy

                19.1.3.5.3. Channel Strategy

        19.1.4. World Wide Chocolate (Amano)

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

                19.1.4.5.2. Product Strategy

                19.1.4.5.3. Channel Strategy

        19.1.5. Max Felchlin AG

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

                19.1.5.5.2. Product Strategy

                19.1.5.5.3. Channel Strategy

        19.1.6. Guittard Chocolate Company

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

                19.1.6.5.2. Product Strategy

                19.1.6.5.3. Channel Strategy

        19.1.7. Lindt & Sprüngli (USA) Inc.

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

                19.1.7.5.2. Product Strategy

                19.1.7.5.3. Channel Strategy

        19.1.8. Valrhona Inc.

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

                19.1.8.5.2. Product Strategy

                19.1.8.5.3. Channel Strategy

        19.1.9. Struben Couverture Chocolate Factory

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

                19.1.9.5.2. Product Strategy

                19.1.9.5.3. Channel Strategy

        19.1.10. El Rey

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

                19.1.10.5.2. Product Strategy

                19.1.10.5.3. Channel Strategy

        19.1.11. Cocoa Processing Company Limited (CPC)

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                19.1.11.5.1. Marketing Strategy

                19.1.11.5.2. Product Strategy

                19.1.11.5.3. Channel Strategy

        19.1.12. The Margaret River Fudge Factory

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                19.1.12.5.1. Marketing Strategy

                19.1.12.5.2. Product Strategy

                19.1.12.5.3. Channel Strategy

        19.1.13. Von Geusau

            19.1.13.1. Overview

            19.1.13.2. Product Portfolio

            19.1.13.3. Profitability by Market Segments

            19.1.13.4. Sales Footprint

            19.1.13.5. Strategy Overview

                19.1.13.5.1. Marketing Strategy

                19.1.13.5.2. Product Strategy

                19.1.13.5.3. Channel Strategy

        19.1.14. Chocolats Marionnettes

            19.1.14.1. Overview

            19.1.14.2. Product Portfolio

            19.1.14.3. Profitability by Market Segments

            19.1.14.4. Sales Footprint

            19.1.14.5. Strategy Overview

                19.1.14.5.1. Marketing Strategy

                19.1.14.5.2. Product Strategy

                19.1.14.5.3. Channel Strategy

        19.1.15. Fardoulis Chocolates

            19.1.15.1. Overview

            19.1.15.2. Product Portfolio

            19.1.15.3. Profitability by Market Segments

            19.1.15.4. Sales Footprint

            19.1.15.5. Strategy Overview

                19.1.15.5.1. Marketing Strategy

                19.1.15.5.2. Product Strategy

                19.1.15.5.3. Channel Strategy

        19.1.16. Chocolate Trading Company Ltd

            19.1.16.1. Overview

            19.1.16.2. Product Portfolio

            19.1.16.3. Profitability by Market Segments

            19.1.16.4. Sales Footprint

            19.1.16.5. Strategy Overview

                19.1.16.5.1. Marketing Strategy

                19.1.16.5.2. Product Strategy

                19.1.16.5.3. Channel Strategy

        19.1.17. ICAM 

            19.1.17.1. Overview

            19.1.17.2. Product Portfolio

            19.1.17.3. Profitability by Market Segments

            19.1.17.4. Sales Footprint

            19.1.17.5. Strategy Overview

                19.1.17.5.1. Marketing Strategy

                19.1.17.5.2. Product Strategy

                19.1.17.5.3. Channel Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

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