Compound Chocolate is a product made from a combination of cocoa, vegetable fat, and sweeteners. Compound chocolate has versatile applications that drive its market. Candy manufacturers are using compound chocolate for making products including ganache, chocolate syrup, chocolate candies, and dipping chocolate. Compound chocolates are also used in confectionery coatings and flavors. Lesser price of compound chocolate products than pure cocoa chocolate products attracts more consumers. Milk chocolates have significant demand in the compound chocolate market. Geographically, North America covers a significant market in compound chocolate products. Expansion of the retail sector in Asia Pacific region is also a key factor in the increasing market of compound chocolate.
The exponential growth of the retail sector is one of the major factors of the increasing global compound chocolate market. Increasing disposable income and awareness of healthy food items is driving the demand for premium and luxurious confectionery items. Premium chocolate products use 100% cocoa butter rather than compound chocolate as an ingredient which can affect the growth of the market of compound chocolate. One of the major challenges for the global compound chocolate market is the growing incidence of obesity and related diseases among chocolate consumers. It is forcing consumers to cut down on the intake of chocolates, confectionery, and bakery products, which can hamper the growth of the market.
The “Global Compound Chocolate Market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, and geography.
The Global compound chocolate market on segmented based on type, application, product type and geography. Based on type the market has been segmented into Dark Compound Chocolate, Milk Compound Chocolate, and White Compound Chocolate. By application, the market has been classified into Ice Cream and Frozen Desserts, Bakery, Compound Chocolate, Confectionery, and Others. By product type, the market has been classified into Chocolate Chip, Chocolate Slab, Chocolate Coatings, and Others
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the global compound chocolate market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Global compound chocolate market.
Segmentation:
By Type
Dark Compound Chocolate
Milk Compound Chocolate
White Compound Chocolate
By Application
Ice Cream and Frozen Desserts
Bakery
Compound Chocolate
Confectionery
Others
By Product Type
Chocolate Chip
Chocolate Slab
Chocolate Coatings
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Israel
Saudi Arabia
Others
Asia Pacific
China
Japan
South Korea
India
Others
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