Global Industrial Chocolate Market 2023-2027

Description

List of Tables

Technavio has been monitoring the industrial chocolate market and it is poised to grow by $2699.24 mn during 2023-2027, accelerating at a CAGR of 5.06% during the forecast period. Our report on the industrial chocolate market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing consumer awareness about the health benefits of dark chocolate, rising demand for ruby chocolates, and technological innovations in the industrial chocolate supply chain.

Technavio's industrial chocolate market is segmented as below:

By End-user

Confectionery
Biscuits and bakery products
Dairy and desserts
Ice creams and frozen items
Cereals and others

By Application

Milk chocolate
Dark chocolate
White chocolate

By Geographical Landscape

Europe
North America
APAC
South America
Middle East and Africa

This study identifies the growing vendor emphasis on sustainable cocoa production as one of the prime reasons driving the industrial chocolate market growth during the next few years. Also, personalization and mass customization and the growing popularity of clean-label chocolate will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the industrial chocolate market covers the following areas:

Industrial chocolate market sizing
Industrial chocolate market forecast
Industrial chocolate market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial chocolate market vendors that include Alpezzi Chocolate SA de CV, Barry Callebaut AG, Cargill Inc., CEMOI Group, Chocoladefabriken Lindt and Sprungli AG, Clasen Quality Coatings Inc., Davis Chocolate, Ferrero International S.A., Foleys Candies LP, Fuji Oil Holdings Inc., Guittard Chocolate Co., IRCA Spa, Lotus Chocolate Co. Ltd., Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., NATRA SA, Nestle SA, Puratos Group NV, and The Hershey Co.. Also, the industrial chocolate market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR43472

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global industrial chocolate market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global industrial chocolate market 2017 - 2021 ($ million)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ million)
4.3 Application Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Confectionery - Market size and forecast 2022-2027
Exhibit 34: Chart on Confectionery - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Confectionery - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Confectionery - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Confectionery - Year-over-year growth 2022-2027 (%)
6.4 Biscuits and bakery products - Market size and forecast 2022-2027
Exhibit 38: Chart on Biscuits and bakery products - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Biscuits and bakery products - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Biscuits and bakery products - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Biscuits and bakery products - Year-over-year growth 2022-2027 (%)
6.5 Dairy and desserts - Market size and forecast 2022-2027
Exhibit 42: Chart on Dairy and desserts - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Dairy and desserts - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Dairy and desserts - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Dairy and desserts - Year-over-year growth 2022-2027 (%)
6.6 Ice creams and frozen items - Market size and forecast 2022-2027
Exhibit 46: Chart on Ice creams and frozen items - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Ice creams and frozen items - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Ice creams and frozen items - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Ice creams and frozen items - Year-over-year growth 2022-2027 (%)
6.7 Cereals and others - Market size and forecast 2022-2027
Exhibit 50: Chart on Cereals and others - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Cereals and others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Cereals and others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Cereals and others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 55: Chart on Application - Market share 2022-2027 (%)
Exhibit 56: Data Table on Application - Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 57: Chart on Comparison by Application
Exhibit 58: Data Table on Comparison by Application
7.3 Milk chocolate - Market size and forecast 2022-2027
Exhibit 59: Chart on Milk chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Milk chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Milk chocolate - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Milk chocolate - Year-over-year growth 2022-2027 (%)
7.4 Dark chocolate - Market size and forecast 2022-2027
Exhibit 63: Chart on Dark chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Dark chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Dark chocolate - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Dark chocolate - Year-over-year growth 2022-2027 (%)
7.5 White chocolate - Market size and forecast 2022-2027
Exhibit 67: Chart on White chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on White chocolate - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on White chocolate - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on White chocolate - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Application
Exhibit 71: Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 73: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 74: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 75: Chart on Geographic comparison
Exhibit 76: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 81: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 Belgium - Market size and forecast 2022-2027
Exhibit 105: Chart on Belgium - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Belgium - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Belgium - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Belgium - Year-over-year growth 2022-2027 (%)
9.11 France - Market size and forecast 2022-2027
Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
9.12 China - Market size and forecast 2022-2027
Exhibit 113: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 114: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 115: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on China - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 117: Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 118: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 120: Overview on factors of disruption
11.4 Industry risks
Exhibit 121: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 122: Vendors covered
12.2 Market positioning of vendors
Exhibit 123: Matrix on vendor position and classification
12.3 Barry Callebaut AG
Exhibit 124: Barry Callebaut AG - Overview
Exhibit 125: Barry Callebaut AG - Business segments
Exhibit 126: Barry Callebaut AG - Key news
Exhibit 127: Barry Callebaut AG - Key offerings
Exhibit 128: Barry Callebaut AG - Segment focus
12.4 Cargill Inc.
Exhibit 129: Cargill Inc. - Overview
Exhibit 130: Cargill Inc. - Product / Service
Exhibit 131: Cargill Inc. - Key news
Exhibit 132: Cargill Inc. - Key offerings
12.5 CEMOI Group
Exhibit 133: CEMOI Group - Overview
Exhibit 134: CEMOI Group - Product / Service
Exhibit 135: CEMOI Group - Key offerings
12.6 Chocoladefabriken Lindt and Sprungli AG
Exhibit 136: Chocoladefabriken Lindt and Sprungli AG - Overview
Exhibit 137: Chocoladefabriken Lindt and Sprungli AG - Business segments
Exhibit 138: Chocoladefabriken Lindt and Sprungli AG - Key news
Exhibit 139: Chocoladefabriken Lindt and Sprungli AG - Key offerings
Exhibit 140: Chocoladefabriken Lindt and Sprungli AG - Segment focus
12.7 Clasen Quality Coatings Inc.
Exhibit 141: Clasen Quality Coatings Inc. - Overview
Exhibit 142: Clasen Quality Coatings Inc. - Product / Service
Exhibit 143: Clasen Quality Coatings Inc. - Key offerings
12.8 Ferrero International S.A.
Exhibit 144: Ferrero International S.A. - Overview
Exhibit 145: Ferrero International S.A. - Product / Service
Exhibit 146: Ferrero International S.A. - Key offerings
12.9 Fuji Oil Holdings Inc.
Exhibit 147: Fuji Oil Holdings Inc. - Overview
Exhibit 148: Fuji Oil Holdings Inc. - Business segments
Exhibit 149: Fuji Oil Holdings Inc. - Key news
Exhibit 150: Fuji Oil Holdings Inc. - Key offerings
Exhibit 151: Fuji Oil Holdings Inc. - Segment focus
12.10 Guittard Chocolate Co.
Exhibit 152: Guittard Chocolate Co. - Overview
Exhibit 153: Guittard Chocolate Co. - Product / Service
Exhibit 154: Guittard Chocolate Co. - Key offerings
12.11 Mars Inc.
Exhibit 155: Mars Inc. - Overview
Exhibit 156: Mars Inc. - Product / Service
Exhibit 157: Mars Inc. - Key offerings
12.12 Meiji Holdings Co. Ltd.
Exhibit 158: Meiji Holdings Co. Ltd. - Overview
Exhibit 159: Meiji Holdings Co. Ltd. - Business segments
Exhibit 160: Meiji Holdings Co. Ltd. - Key news
Exhibit 161: Meiji Holdings Co. Ltd. - Key offerings
Exhibit 162: Meiji Holdings Co. Ltd. - Segment focus
12.13 Mondelez International Inc.
Exhibit 163: Mondelez International Inc. - Overview
Exhibit 164: Mondelez International Inc. - Business segments
Exhibit 165: Mondelez International Inc. - Key news
Exhibit 166: Mondelez International Inc. - Key offerings
Exhibit 167: Mondelez International Inc. - Segment focus
12.14 NATRA SA
Exhibit 168: NATRA SA - Overview
Exhibit 169: NATRA SA - Product / Service
Exhibit 170: NATRA SA - Key offerings
12.15 Nestle SA
Exhibit 171: Nestle SA - Overview
Exhibit 172: Nestle SA - Business segments
Exhibit 173: Nestle SA - Key news
Exhibit 174: Nestle SA - Key offerings
Exhibit 175: Nestle SA - Segment focus
12.16 Puratos Group NV
Exhibit 176: Puratos Group NV - Overview
Exhibit 177: Puratos Group NV - Product / Service
Exhibit 178: Puratos Group NV - Key offerings
12.17 The Hershey Co.
Exhibit 179: The Hershey Co. - Overview
Exhibit 180: The Hershey Co. - Business segments
Exhibit 181: The Hershey Co. - Key news
Exhibit 182: The Hershey Co. - Key offerings
Exhibit 183: The Hershey Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations
- food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.