Compound Chocolate Market

Compound Chocolate Market Outlook (2022 to 2032)

The global compound chocolate market is estimated to reach USD 26.4 Billion in 2022 and is projected to surpass USD 50.5 Billion by 2032, registering a CAGR of 6.7% from 2022 to 2032. A compound chocolate is a mixture of various ingredients such as vegetable fats, sugars, cocoa powder, and others, used to impart chocolaty flavor to the desired food product.

Chocolate flavouring compounds are the base ingredients used to manufacture commercially consumed confectionery chocolates. On account of this, the compound chocolate market is expected to witness growth due to modifications in traditionally consumed chocolate flavouring compounds such as reduction of sugar and protein fortification.

Attribute	Details
Compound Chocolate Market Size (2022E)	USD 26.4 Billion
Compound Chocolate Market Projected Size (2032F)	USD 50.5 Billion
Compound Chocolate Market Growth Rate (2022 to 2032)	6.7% CAGR
Top 3 Countries' Market Share	43.5%

Growing preference for chocolate flavor is one of the drivers propelling the growth of the chocolate flavouring compounds market. Besides this, consumers’ palate for chocolate flavours and the availability of a range of chocolate-flavored protein and nutritional supplements will boost the market.

2017 to 2021 Compound Chocolate Market Outlook In Comparison To 2022 to 2032 Growth Forecast

According to Future Market Insights, the surging application of compound chocolate in bakeries & confectionery will support the growth of the compound chocolate market. However, the high cocoa bean prices might affect the sales in the market negatively.

Other factors such as legislation and strict regulations related to the presence of the excess amount of fat and sugar in the chocolate flavoring compounds are limiting sales, especially across Europe.

However, the emergence of retail stores which enable consumers to design and shape their own chocolate bars is becoming increasingly common. In addition, key players are adopting marketing strategies such as pairing up vegetables to increase their revenue.

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Backed by these aforementioned factors, Future Market Insights projects the compound chocolate market to exhibit growth at 6.7% CAGR between 2022 and 2032 in comparison to the CAGR of 4.8% posted between 2017 and 2021.

Country-Wise Analysis

Why is France Considered to be an Emerging Compound Chocolate Market?

France and Germany to dominate the European Compound Chocolate Market

According to FMI, France is expected to account for the maximum market share with over 24% of demand sales in the compound chocolate market. Sales in the France compound chocolate market are poised to offer an absolute $ opportunity for the upcoming decade.

Growth can be attributed to the growing import of chocolate, followed by Germany. European countries are known for having strong manufacturing facilities and a larger cocoa processing base in the region.

European chocolate manufacturers buy semi-finished products from processors or process cocoa beans to cater to the growing demand for such food products. On account of this, FMI predicts the market to witness impressive growth over the next few years.

How Big is the Opportunity in the USA Compound Chocolate Market?

The USA to Vanguard the Sales in North America Compound Chocolate Market

The compound chocolate market in the USA is predicted to continue showing an upward trend with rising demand for confectionery items and premium chocolate. Moreover, the adoption of healthier lifestyles is expected to drive the demand for dark, sugar-free, and organic chocolate.

Its pure cocoa-based nature with an attractive price is likely to create an absolute $ opportunity, improving the demand in the market during the forecast period (2022 to 2032).

Category-Wise Insights

Which Product will be the Most Preferred?

Milk Compound Chocolate to Gain Traction in the Market

Milk chocolate has been showing increased consumption in the past few years owing to its wider applicability. It has various applications in chocolate-based confectionery items which can be attributed to its versatile texture and taste.

It has a creamy texture and mouthfeel which can be added to varied shakes, cakes, croissants, hot chocolate, and many other items. This is expected to increase the demand for milk chocolate in the near future.

Which is the Leading Distribution Channel in Compound Chocolate Market?

Penetration of Online Platforms to Influence Growth in the Market

With the expansion of the e-commerce industry, it is gaining immense traction as a shopping medium. Hence, compound chocolate suppliers are looking forward to introducing their products on online portals for business expansion. Thus, the online channel is predicted to continue exhibiting high growth through the forecast period (2022 to 2032).

Competition Landscape: Top Companies In The Compound Chocolate

Some of the top compounds chocolate markets participants such as Nestle S.A., Mondelez International, ADM Company, Cargill Incorporated, Clover Hill Food Ingredients Ltd., and others are focusing on introducing and innovating a wide variety and flavors of products in order to attract a large number of customers and enhance brand loyalty.

Scope Of Report

Attribute	Details
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	USD Billion for Value and MT for Volume
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa
Key Countries Covered	USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey
Key Segments Covered	Product Type, Form, Application, Distribution Channel, and Region
Key Companies Profiled	Clover Hill Food Ingredients Ltd.; Cargill Incorporated; ADM WILD Europe GmbH & Co.KG; Nestle S.A.; Wilmar International Limited; PURATOS; Shellz Overseas Pvt. Ltd.; INFORUM Group; Buhler AG; Barry Callebaut; Unigrà S.r.l.; Blommer Chocolate Company; CEMOI; HERZA Schokolade GmbH & Co. KG.; Clasen Quality Coatings, Inc.; Puratos Group; Mondelez International; Others
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Global Compound Chocolate By Category

By Product Type:

• Dark Chocolate
• Milk Chocolate
• White Chocolate

By Form:

• Choco Chips
• Chocolate Coating
• Chocolate Slab
• Other Forms

By Application:

• Bakery and Confectionery
• Ice Cream and Frozen Desserts
• Chocolate Beverages
• Snacks
• Sauces and Spreads
• Other Applications

By Distribution Channel:

• Direct
• Indirect
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Independent Retailers
  • Online Retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

At what value is the market of compound chocolate expected to reach?

The compound chocolate market is expected to reach a value of USD 26.4 Billion by 2022.

How much is the global compound chocolate market expected to grow?

Compound chocolate consumption is expected to increase at a CAGR of around 6.7% over the forecast period (2022 to 2032).

What strategies are adopted by the market players in the compound chocolate market?

Market players are opting for partnership, mergers and acquisitions, product innovation and production capacity expansion.

What percent of share does the top 10 companies in the compound chocolate hold?

Top 10 companies of compound chocolate including Nestle S.A., Mondelez International, ADM Company, Cargill Incorporated, Clover Hill Food Ingredients Ltd., and others hold around 30-35% of the market share.

Which are the major countries driving demand for compound chocolate?

The USA, Germany, and France are the major countries driving demand for compound chocolate.