PUBLISHER: IMARC | PRODUCT CODE: 1298783
PUBLISHER: IMARC | PRODUCT CODE: 1298783
Industrial Chocolate Market by Product Type (Cocoa Powder, Cocoa Liquor, Cocoa Butter, Compound Chocolate), Application (Bakery Products, Confectionery, Bakery Premixes, Beverages, Frozen Desserts and Ice Creams, and Others), and Region 2023-2028
The global industrial chocolate market size reached US$ 7.68 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.59% during 2023-2028. The surging demand for sugar-free and organic chocolates, the rising popularity of premium dark chocolates, and the growing product usage in the bakery and confectionery industry represent some of the key factors driving the market.
Industrial chocolates are mass-produced chocolate products made for commercial purposes, such as baking, confectionery, and beverages. It is produced by processing cocoa beans into cocoa liquor and combining various other ingredients such as sugar, milk powder, and vegetable oil. It involves large-scale, mechanized processing methods and is carried out in specialized facilities for efficient and cost-effective production. Industrial chocolate is used in various food products, such as candy bars, chocolate-coated snacks, baking mixes, and hot chocolate mixes. In addition to this, it finds numerous applications across the food service industry in making desserts, pastries, and beverages.
Industrial Chocolate Market Trends:
The shifting preference for sugar-free, low-calorie, and organic chocolates over traditional chocolates among the rising health-conscious consumers represents the prime factor driving the market growth. Besides this, the surging need for high-quality, premium chocolates, the growing demand for cocoa butter substitutes, and the escalating consumer awareness about the numerous health benefits of consuming dark chocolate are creating a favorable outlook for the market. Moreover, the largescale demand for industrial chocolates from the thriving confectionery industry for producing candy bars and chocolate-coated snacks, combined with extensive product utilization in the cosmetics, pharmaceutical, and nutraceutical industries, are aiding in market expansion. In addition to this, expanding demand for chocolate-based desserts, snack bars, and beverages, especially among on-the-go millennials and youngsters, is presenting remunerative growth opportunities for the market. Concurrent with this, ongoing product innovations, the widespread trend of gifting chocolates, and the increasing popularity of baked products, such as chocolate cakes, pastries, donuts, and cupcakes, are contributing to the market growth. Furthermore, the bolstering growth of the food service industry, the inflating disposable income of individuals, and the easy availability of innovative product variants through numerous online and offline retail stores are positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global industrial chocolate market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product type and application.
Product Type Insights:
Cocoa Powder
Cocoa Liquor
Cocoa Butter
Compound Chocolate
The report has provided a detailed breakup and analysis of the industrial chocolate market based on the product type. This includes cocoa powder, cocoa liquor, cocoa butter, and compound chocolate. According to the report, cocoa butter represented the largest segment.
Application Insights:
Bakery Products
Confectionery
Bakery Premixes
Beverages
Frozen Desserts and Ice Creams
Others
A detailed breakup and analysis of the industrial chocolate market based on the application has also been provided in the report. This includes bakery products, confectionery, bakery premixes, beverages, frozen desserts and ice creams, and others.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for industrial chocolate. Some of the factors driving the Europe industrial chocolate market included the rising demand for chocolate-based products, such as candies, snack bars, shakes, and baked goods, the growing popularity of premium chocolates, and continuous product innovations.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global industrial chocolate market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Berry Callebaut AG, Campco Chocolates, Cargill Incorporated, Cemoi Chocolatier, Clasen Quality Chocolate, Foleys Candies LP, Fuji Oil Co. Ltd., Guittard Chocolate Company, Kerry Group PLC, Natra SA, The Hershey Company, etc. Kindly note that this only represents a partial list of companies and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global industrial chocolate market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global industrial chocolate market?
- What is the impact of each driver, restraint, and opportunity on the global industrial chocolate market?
- What are the key regional markets?
- Which countries represent the most attractive industrial chocolate market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the industrial chocolate market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the industrial chocolate market?
- What is the competitive structure of the global industrial chocolate market?
- Who are the key players/companies in the global industrial chocolate market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Chocolate Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Cocoa Powder
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cocoa Liquor
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Cocoa Butter
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Compound Chocolate
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Application
- 7.1 Bakery Products
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Confectionary
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Bakery Premixes
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Beverages
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Frozen Desserts and Ice Creams
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Berry Callebaut AG
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.2 Campco Chocolates
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Cargill Incorporated
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 SWOT Analysis
- 13.3.4 Cemoi Chocolatier
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Clasen Quality Chocolate
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Foleys Candies LP
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Fuji Oil Co. Ltd.
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Guittard Chocolate Company
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Kerry Group PLC
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Natra SA
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 The Hershey Company
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.11.3 Financials
- 13.3.11.4 SWOT Analysis
- 13.3.1 Berry Callebaut AG
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Industrial Chocolate Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Chocolate Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Industrial Chocolate Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Industrial Chocolate Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Industrial Chocolate Market: Breakup by Application (in %), 2022
- Figure 6: Global: Industrial Chocolate Market: Breakup by Region (in %), 2022
- Figure 7: Global: Industrial Chocolate (Cocoa Powder) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Industrial Chocolate (Cocoa Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Industrial Chocolate (Cocoa Liquor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Industrial Chocolate (Cocoa Liquor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Industrial Chocolate (Cocoa Butter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Industrial Chocolate (Cocoa Butter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Industrial Chocolate (Compound Chocolate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Industrial Chocolate (Compound Chocolate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Industrial Chocolate (Bakery Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Industrial Chocolate (Bakery Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Industrial Chocolate (Confectionary) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Industrial Chocolate (Confectionary) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Industrial Chocolate (Bakery Premixes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Industrial Chocolate (Bakery Premixes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Industrial Chocolate (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Industrial Chocolate (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Industrial Chocolate (Frozen Desserts and Ice Creams) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Industrial Chocolate (Frozen Desserts and Ice Creams) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Industrial Chocolate (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Industrial Chocolate (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Industrial Chocolate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Industrial Chocolate Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Global: Industrial Chocolate Industry: Drivers, Restraints, and Opportunities
- Figure 77: Global: Industrial Chocolate Industry: Value Chain Analysis
- Figure 78: Global: Industrial Chocolate Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Chocolate Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Industrial Chocolate Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Industrial Chocolate Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Industrial Chocolate Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Industrial Chocolate Market: Competitive Structure
- Table 6: Global: Industrial Chocolate Market: Key Players
