Global Industrial Chocolate Market is expected to rise to an estimated value of USD 72,407 million by 2026, registering a CAGR of 4.2% during the forecast period of 2019-2026. This rise in market value can be attributed to the rising need of plant protein and also the rising amount of health concerns and veganism worldwide.
Industrial chocolate is usually brown and sweet, they are made from cocoa liquor or paste. The paste/cocoa liquor undergoes a process called coaching in which butter along with other ingredients like sugar and powdered milk are added into it. Industrial chocolate industry has low technology barrier and is a labour intensive industry. Currently, there are many producing companies in the chocolate industry.
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Major Key players profiled in this report are:
Nestle Mondelēz International, Mars Incorporated, Barry Callebaut, The Hershey Company, Ferrero, Cargill Incorporated, LOTTE Co. Ltd. Chocoladefabriken Lindt & Sprüngli AG, Yildiz Holdings, Moonstruck Chocolatier, Meiji Holdings Co. Ltd., Blommer Chocolate Company, Foley’s Candies LP, Kerry Group.
This report puts across the idea of high level analysis of major market segments and identification of opportunities. It accomplishes comprehensive analysis of profiles of key market players that provides a competitive landscape. Market analysis and market segmentation has been carried out in terms of markets, geographic scope, years considered for the study, currency and pricing, research methodology, primary interviews with key opinion leaders, DBMR market position grid, DBMR market challenge matrix, secondary sources, and assumptions.
Major Market Drivers:
- Growing awareness on the health benefits of pure and dark chocolate
- Rising disposable income of population in developing countries
- Biscuits and bakery products
- Dairy and desserts
- Ice creams and frozen items
- North America
- South America
- Rest of South America
- United Kingdom
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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