Industrial Chocolate Market Size to Grow by 1802.13 th tons through 2021-2025
The industrial chocolate market is expected to grow by 1802.13 th tons, accelerating at a CAGR of almost 4% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
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Industrial Chocolate Market: Segmentation by Application
This report provides a detailed analysis of the market by Application (Confectionery, Biscuits and bakery products, Dairy and desserts, Ice creams and frozen items, and Cereals and others) and Geography (Europe, North America, APAC, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Industrial Chocolate Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barry Callebaut AG, Cargill Inc., CEMOI Group, Lindt & Sprüngli Group, Clasen Quality Coatings Inc., Fuji Oil Co. Ltd., Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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The industrial chocolate market size has the potential to grow by 1802.13 thousand tons during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.25%.
This report provides a detailed analysis of the market by application (confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, and cereals and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
Industrial Chocolate Market: Receive FREE Sample Report
Industrial Chocolate Market: Segmentation by Application
The market growth in the confectionery segment is driven by a continuous flow of investment from confectionery vendors targetted towards expanding their product offerings. The growth of the industrial chocolate market in the confectionery segment is also being fueled by the rising number of product launches under the ruby chocolate category. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial chocolate market size.
Industrial Chocolate Market: Segmentation by Geography
35% of the market growth will originate from Europe during the forecast period. Germany, Belgium, and France are the key markets for industrial chocolate in Europe. However, market growth in Europe will be slower than the growth of the market in other regions. Growing consumer awareness about the various health benefits associated with the consumption of chocolate is one of the prime factors that will facilitate the industrial chocolate market growth in Europe over the forecast period.
Industrial Chocolate Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barry Callebaut AG, Cargill Inc. and CEMOI Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
