The ‘Global Real and Compound Chocolate Market Size, Trends, Growth, Price, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global real and compound chocolate market, assessing the market on the basis of its segments like type, product category, forms, application, and major region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Real and Compound Chocolate Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.80%
The increasing consumer expenditure and growing popularity of bakery and confectionery products are driving the demand for real and compound chocolates. Real and compound chocolates provide an exotic texture to products which can readily dissolve in mouth. Growing demand for chocolate beverages such as choco-shakes and smoothies is bolstering the real and compound chocolate market growth. Furthermore, the versatility of real and compound chocolate is encouraging their incorporation in innovative bakery and dairy products.
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Meanwhile, the increasing sale of dark chocolate, infused by the rising awareness about health benefits offered by the product, is further adding to the growth of the real and compound chocolate market. Rising number of women working professionals are leading to a surge in purchasing power which is expected to expand the opportunities for the market in the forecast period.
The technical advantages provided by real and compound chocolate, which include higher resistance to heat and pleasing visual appearance that enable augmented quality of product packaging, are leading to higher sales and greater reach in warmer countries. Rapid development of supermarkets and convenience stores across developing economies are further increasing the accessibility of real and compound chocolates, leading to a higher revenue of the real and compound chocolate market.
Real and Compound Chocolate Industry Definition and Major Segments
Real and compound chocolate are defined as pure forms of chocolate which are made up of cocoa butter, cocoa mass, cocoa powder, or vegetable fat. While real chocolate consists of cocoa butter and cocoa mass, compound chocolate contains cocoa powder and vegetable fats. A thick paste is made out of these ingredients which are shaped into sticks, bars, or other chocolate-based snacks.
Based on type, the market is segmented into:
• Dark Chocolate
• White Chocolate
• Milk Chocolate
By product category, the market is bifurcated into:
• Real Chocolate
• Compound Chocolate
On the basis of forms, the market is divided into:
Based on application, the market is classified into:
• Dairy and Frozen Desserts
On the basis of region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Real and Compound Chocolate Market Trends
The key trends in the global real and compound chocolate market include the increasing sale of real and compound chocolate-based bakery and confectionery and desserts via online sales channels. Clean-labelled real and compound chocolate products with innovative packaging techniques are attracting a healthy number of consumers.
Meanwhile, the growing innovations in recipes of ready-to-eat chocolate food products and beverages are further heightening the applications of real and compound chocolate. Emergence of plant-based real and compound chocolate products are the mainstream market trends which are attracting vegan consumers.
Increasing awareness pertaining to the health benefits of these chocolates are likely to be a crucial trend in the real and compound chocolate market. Real and compound chocolates contain vitamins and minerals which reduce the risk of cardiovascular disorders and aid in combating depression. In this regard, the increasing prevalence of chronic heart diseases is pushing the growth of the market for real and compound chocolate.
In terms of regions, Europe holds a significant share in the market, which is driven by the presence of major chocolate manufacturing brands across countries such as Germany, France, and Spain. In addition, the changing consumer preferences in the region towards high-quality, premium, pure chocolate products is further fuelling the market growth.
Key Market Players
The major players in the global real and compound chocolate market report are
• Nestlé S.A.
• Cargill Incorporated
• Puratos NV/SA
• Fuji Oil CO., LTD.
• Barry Callebaut Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.