In 2023, the global Chocolate Inclusions & Decorations Market is valued at USD 927.9 million. The market is anticipated to reach nearly USD 1801.5 million by 2033, with a growing CAGR of 7.3% from 2023 to 2033.
The demand for chocolate inclusions and decorations is rising amongst global manufacturers, candy, bakery products, ice creams, etc. These decorations and inclusions enhance the product and make it more appealing by making it taste-rich and flavorsome. They are also used for frosting, icing, coating, and topping.
These chocolate inclusions are available in several sizes, shapes, flavors, colors, etc., based on their use in various food products. As a result, manufacturers are focusing on using innovative strategies to roll out appealing decorative items to facilitate adoption.
| Report Attributes | Details |
|---|---|
| Chocolate Inclusions & Decorations Market Value (2023) | USD 927.9 million |
| Chocolate Inclusions & Decorations Market Anticipated Value (2033) | USD 1801.5 million |
| Chocolate Inclusions & Decorations Projected Growth Rate (2023 to 2033) | 7.3% |
The market manufacturer Dawn Foods has launched Dobla-branded chocolate decorations. These decorations provide desserts and cakes with an appropriate and smooth finishing touch. Dobla decoration ranges from curls, shavings, and several other shapes, which adds value and aesthetics to the final product.
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Some scientific studies prove that consuming dark chocolates can benefit health and has lucratively profited the growth of the chocolate inclusions and decorations market.
Consuming dark chocolate can prevent cardiovascular problems and also assists in reducing blood pressure. This is because dark chocolates are a rich source of nutrition, such as iron, magnesium, manganese, copper, and others.
Some of the factors influencing the market's growth positively are the increasing number of health-conscious people, growing awareness amongst individuals pertaining to the advantages of chocolate, and booming demand for chocolates in the bakery and confectionery segment, encouraging the growth of the global market.
There is an increasing preference for sugar-free and organic chocolates as customers prefer using chocolates as decorations and inclusions instead of consuming them directly. The chocolate inclusions and decorations provide additional texture to the food products and improve flavor.
Therefore, the demand for chocolate inclusions and decorations is growing due to their increased usage in the bakery, dairy, and confectionary sectors. Primary market players in the industry are trying to offer advanced chocolate inclusion and decoration products.
When FMI analyzed the market share, it was predicted that dark chocolate would have greater demand in the global market as food manufacturers have a broad range of choices for applying chocolate inclusions and decorations in bakery, confectionary, and dairy products.
North America accounted for 16.8% market share in the global chocolate inclusions and decorations market. The growing health awareness coupled with increasing per capita expenditure is predicted to boost the growth of the market in this region during the forecast period.
Primary market players are investing additional research and development activities to introduce advanced chocolate inclusion, and decorative products are anticipated to encourage North American market growth.
2019 the United States was accountable for the biggest regional market share. It was anticipated to grow at a significant CAGR during the forecast period due to the existence of several chocolate manufacturers in the USA, like Cargill Cocoa & Chocolate and Barry Callebaut.
In the global market, the Europe chocolate inclusions and decorations market is predicted to dominate demand, revenue, and consumption during the forecast period.
Europe is accountable for 41.8% market share owing to a growing demand for chocolate inclusion and decorations from the food processing sector and rising awareness pertaining to decorations and inclusions.
The demand for the product from the confectionery industry, the rising need for baked products, and additional demand for value-added products are also propelling the market growth in Europe.
Principal Consultant
Some of the key players in the chocolate inclusions & decorations market are:
| Who | Cargill Cocoa & Chocolate |
|---|---|
| When | May 2019 |
| Strategic Move | Cargill signed an agreement for the acquisition of Smet, a Belgium based supplier of chocolate and sweets decorations. Smet has 2 research and development centres and five production facilities and are spread in Europe, Asia, North America, and India. This acquisition will deliver considerable opportunities to expand the growth in the gourmet category. |
| Who | Orchard Valley Foods |
|---|---|
| When | March 2021 |
| Strategic Move | Orchard Valley Foods, a confection, ingredients, and food decoration supplier has revealed a novel corporate identity with a rebrand to OC. The company which utilizes 255 people across the globe and has an annual turnover of nearly £65 million, mentioned that the rebrand was a strategic plan to streamline and align the business as one united group with shared values. |
| Who | The Barry Callebaut Group |
|---|---|
| When | February 2020 |
| Strategic Move | The Barry Callebaut Group publicised the launch of the world’s first personalized 3D printed chocolate at scale through its global decoration brand Mona Lisa. |
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| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 7.1% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Orchard Valley Foods; Kanegrade Limited; Chocolate Smet Canada Inc.; Barry Callebaut; Confection by Design; Carroll; Cargill Cocoa & Chocolate; ifiGOURMET; Nimbus Foods; Dawn Foods; Industries NZ Ltd; Kayem Foods |
| Customization | Available Upon Request |
The market is estimated to reach USD 927.9 million in 2023.
Carroll, Nimbus Foods, and Dawn Foods are the key market players.
The market is estimated to secure a valuation of USD 1801.5 million by 2033.
The market is estimated to record a 7.3% CAGR through 2033.
Consumption of dark chocolates benefits health and lucratively profits the market growth.
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. White chocolate
5.2. Dark chocolate
5.3. Milk chocolate
5.4. Others
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
6.1. Chocolates
6.2. Ice Creams
6.3. Pastries and Muffins
6.4. Cakes and Cupcakes
6.5. Cream Pies
6.6. Desserts
6.7. Others
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. North America
7.2. Latin America
7.3. Western Europe
7.4. Eastern Europe
7.5. South Asia and Pacific
7.6. East Asia
7.7. Middle East and Africa
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15. Key Countries Market Analysis
16. Market Structure Analysis
17. Competition Analysis
17.1. Orchard Valley Foods
17.2. Kanegrade Limited
17.3. Chocolate Smet Canada Inc.
17.4. Barry Callebaut
17.5. Confection by Design
17.6. Carroll
17.7. Cargill Cocoa & Chocolate
17.8. ifiGOURMET
17.9. Nimbus Foods
17.10. Dawn Foods
17.11. Industries NZ Ltd
17.12. Kayem Foods
18. Assumptions & Acronyms Used
19. Research Methodology
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Chocolate Inclusions and Decorations Market
