Real and Compound Chocolate Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Real and Compound Chocolate Market
The Real and Compound Chocolate market size was valued at USD 27.09 billion in 2023, and the market is now projected to grow from USD 29.03 billion in 2024 to USD 42.71 billion by 2032, exhibiting a CAGR of 5.67% during the forecast period of 2024-2032.
The COVID-19 widespread has intensely influenced the nourishment & refreshment preparing industry. The socio-economic circumstance has influenced the utilization designs of specific items contrarily suppressing the real and compound chocolate market growth. Amid the early stages of the COVID-19 widespread, cocoa costs fell, and transportation costs rose. The greatest challenge was to gather cocoa from smallholder agriculturists and supply it to cocoa exporters and cocoa processors for chocolate generation. Transport limitations and border closures declined the circumstance. As a result, chocolate producers confronted crude fabric supply deficiencies, in this manner influencing their deals.
The chocolate confectionery category is customarily driven by liberality, and the division has experienced a surge in request for chocolates with better-for-you choices over the past few a long time. The rise in flexitarians is another figure contributing to the fueling request for plant-based chocolates. As shopper desires are changing, and they are looking for items past dairy sensitivities and lactose bigotry. At the same time, millennials hunt for top notch however ""moral"" plant chocolates are indented safe to the planet and creatures.
Confectionery depends on premiumization in a advertise that has developed but proceeds to develop unassumingly. Within the U.S., there's specific intrigued in artisan and gourmet fashion choices, regularly centering on the beginning of cocoa, its substance within the wrapped-up item, and the utilize of extra fixings and flavors of awesome significance. Whereas customers center on getting wellbeing benefits, their crave to enjoy themselves in innovative and flavorful confectioneries remains solid. Taste and surface stay the most figure for the buyers in making chocolate confectionery obtaining choices. Brands proceed to improve with unused varieties of sweet and savory flavors.
Comprehensive Analysis of Real and Compound Chocolate Market
The division on the product categories of the chocolate market are generalized as real and compound. The real chocolate from real and compound chocolate market led the market consumption. Milk, dark and white chocolates were determined as the types of the chocolate market. Of which the milk chocolate was termed the leading one.
The European real and compound chocolate market share was signaled as the leading one and stood at and esteem valuation of USD 12.76 billion in projected timeframe. Europe is anticipated to hold the biggest share, owing to the expansive cocoa preparing base and solid fabricating industry show within the region. These items incorporate chocolate bars, pralines, and confectionery containing cocoa. In spite of the fact that the request is high, European chocolate producers regularly handle cocoa beans themselves or purchase semi-finished items from European processors, making the competition furious.
The worldwide genuine and compound chocolate industry is exceedingly created, with a few multinational companies possessing the lion's share. Barry Callebaut AG (Switzerland), Puratos Group (Belgium), and Mondelez International (U.S.), The Hersheys Company (U.S.), Cargill Incorporated (U.S.), Mars Incorporated (U.S.), Fuji Oil Company Limited (Japan), Olam International (Singapore), CEMOI Group (France), Nestlé S.A. (Switzerland) rule the advertise. The essential methodology received by the major advertise players is to center on modern item advancements that center on health, taste, and packaging.
In March 2021, the company Nestlé S.A., the world's driving nourishment & refreshment company, reported the dispatch of chocolates within the European market, made solely from cocoa beans, presenting Incoa, a chocolate bar made of 70rk chocolate, beneath the Les Recettes de L'Atelier brand.
Segmentation Table
ATTRIBUTE DETAIL
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Billion)
Segmentation By Product Category
Real Chocolate
Compound Chocolate
By Type
Milk Chocolate
Dark Chocolate
White Chocolate
By Form
Chips
Slabs
Coatings
Others
By Application
Confectionery
Bakery
Dairy and Frozen Desserts
Beverages
Others
By Region
North America (By Product Category, Type, Form, Application and Country)
U.S. (By Product Category)
Canada (By Product Category)
Mexico (By Product Category)
Europe (By Product Category, Type, Form, Application and Country)
Spain (By Product Category)
France (By Product Category)
Italy (By Product Category)
U.K. (By Product Category)
Germany (By Product Category)
Russia (By Product Category)
Switzerland (By Product Category)
Belgium (By Product Category)
Austria (By Product Category)
Rest of Europe (By Product Category)
Asia Pacific (By Product Category, Type, Form, Application and Country)
China (By Product Category)
India (By Product Category)
Japan (By Product Category)
Australia & New Zealand (By Product Category)
Rest of Asia Pacific (By Product Category)
South America (By Product Category, Type, Form, Application and Country)
Brazil (By Product Category)
Argentina (By Product Category)
Rest of South America (By Product Category)
Middle East and Africa (By Product Category, Type, Form, Application and Country)
South Africa (By Product Category)
UAE (By Product Category)
Rest of ME&A (By Product Category)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain & Regulatory Analysis
- 4.3. Global Real and Compound Chocolate Applkication Trend Analysis
- 4.4. Industry SWOT Analysis
- 4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.6. Market Analysis and Insights (in Relation with COVID-19)
- 4.6.1. Impact of COVID-19 on the Market
- 4.6.2. Supply Chain Challenges due to the Pandemic
- 4.6.3. Potential Opportunities Due to COVID-19
- 5. Global Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Category (Value)
- 5.2.1.1. Real Chocolate
- 5.2.1.2. Compound Chocolate
- 5.2.2. By Type (Value)
- 5.2.2.1. Milk
- 5.2.2.2. Dark
- 5.2.2.3. White
- 5.2.3. By Form (Value)
- 5.2.3.1. Chip
- 5.2.3.2. Slab
- 5.2.3.3. Coatings
- 5.2.3.4. Others
- 5.2.4. By Application (Value)
- 5.2.4.1. Confectionery
- 5.2.4.2. Bakery
- 5.2.4.3. Dairy and Frozen Desserts
- 5.2.4.4. Beverages
- 5.2.4.5. Others
- 5.2.5. By Region (Value)
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia Pacific
- 5.2.5.4. South America
- 5.2.5.5. Middle East & Africa
- 6. North America Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Category (Value)
- 6.2.1.1. Real Chocolate
- 6.2.1.2. Compound Chocolate
- 6.2.2. By Type (Value)
- 6.2.2.1. Milk
- 6.2.2.2. Dark
- 6.2.2.3. White
- 6.2.3. By Form (Value)
- 6.2.3.1. Chip
- 6.2.3.2. Slab
- 6.2.3.3. Coatings
- 6.2.3.4. Others
- 6.2.4. By Application (Value)
- 6.2.4.1. Confectionery
- 6.2.4.2. Bakery
- 6.2.4.3. Dairy and Frozen Desserts
- 6.2.4.4. Beverages
- 6.2.4.5. Others
- 6.2.5. By Country (Value)
- 6.2.5.1. The U.S.
- 6.2.5.1.1. By Product Category (Value)
- 6.2.5.1.1.1. Real Chocolate
- 6.2.5.1.1.2. Compound Chocolate
- 6.2.5.2. Canada
- 6.2.5.2.1. By Product Category (Value)
- 6.2.5.2.1.1. Real Chocolate
- 6.2.5.2.1.2. Compound Chocolate
- 6.2.5.3. Mexico
- 6.2.5.3.1. By Product Category (Value)
- 6.2.5.3.1.1. Real Chocolate
- 6.2.5.3.1.2. Compound Chocolate
- 7. Europe Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Category (Value)
- 7.2.1.1. Real Chocolate
- 7.2.1.2. Compound Chocolate
- 7.2.2. By Type (Value)
- 7.2.2.1. Milk
- 7.2.2.2. Dark
- 7.2.2.3. White
- 7.2.3. By Form (Value)
- 7.2.3.1. Chip
- 7.2.3.2. Slab
- 7.2.3.3. Coatings
- 7.2.3.4. Others
- 7.2.4. By Application (Value)
- 7.2.4.1. Confectionery
- 7.2.4.2. Bakery
- 7.2.4.3. Dairy and Frozen Desserts
- 7.2.4.4. Beverages
- 7.2.4.5. Others
- 7.2.5. By Country (Value)
- 7.2.5.1. Germany
- 7.2.5.1.1. By Product Category (Value)
- 7.2.5.1.1.1. Real Chocolate
- 7.2.5.1.1.2. Compound Chocolate
- 7.2.5.2. France
- 7.2.5.2.1. By Product Category (Value)
- 7.2.5.2.1.1. Real Chocolate
- 7.2.5.2.1.2. Compound Chocolate
- 7.2.5.3. Spain
- 7.2.5.3.1. By Product Category (Value)
- 7.2.5.3.1.1. Real Chocolate
- 7.2.5.3.1.2. Compound Chocolate
- 7.2.5.4. Italy
- 7.2.5.4.1. By Product Category (Value)
- 7.2.5.4.1.1. Real Chocolate
- 7.2.5.4.1.2. Compound Chocolate
- 7.2.5.5. U.K.
- 7.2.5.5.1. By Product Category (Value)
- 7.2.5.5.1.1. Real Chocolate
- 7.2.5.5.1.2. Compound Chocolate
- 7.2.5.6. Russia
- 7.2.5.6.1. By Product Category (Value)
- 7.2.5.6.1.1. Real Chocolate
- 7.2.5.6.1.2. Compound Chocolate
- 7.2.5.7. Belgium
- 7.2.5.7.1. By Product Category (Value)
- 7.2.5.7.1.1. Real Chocolate
- 7.2.5.7.1.2. Compound Chocolate
- 7.2.5.8. Switzerland
- 7.2.5.8.1. By Product Category (Value)
- 7.2.5.8.1.1. Real Chocolate
- 7.2.5.8.1.2. Compound Chocolate
- 7.2.5.9. Austria
- 7.2.5.9.1. By Product Category (Value)
- 7.2.5.9.1.1. Real Chocolate
- 7.2.5.9.1.2. Compound Chocolate
- 7.2.5.10. Rest of Europe
- 7.2.5.10.1. By Product Category (Value)
- 7.2.5.10.1.1. Real Chocolate
- 7.2.5.10.1.2. Compound Chocolate
- 8. Asia Pacific Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Product Category (Value)
- 8.1.2.1. Real Chocolate
- 8.1.2.2. Compound Chocolate
- 8.1.3. By Type (Value)
- 8.1.3.1. Milk
- 8.1.3.2. Dark
- 8.1.3.3. White
- 8.1.4. By Form (Value)
- 8.1.4.1. Chip
- 8.1.4.2. Slab
- 8.1.4.3. Coatings
- 8.1.4.4. Others
- 8.1.5. By Application (Value)
- 8.1.5.1. Confectionery
- 8.1.5.2. Bakery
- 8.1.5.3. Dairy and Frozen Desserts
- 8.1.5.4. Beverages
- 8.1.5.5. Others
- 8.1.6. By Country (Value)
- 8.1.6.1. China
- 8.1.6.1.1. By Product Category (Value)
- 8.1.6.1.1.1. Real Chocolate
- 8.1.6.1.1.2. Compound Chocolate
- 8.1.6.2. Japan
- 8.1.6.2.1. By Product Category (Value)
- 8.1.6.2.1.1. Real Chocolate
- 8.1.6.2.1.2. Compound Chocolate
- 8.1.6.3. India
- 8.1.6.3.1. By Product Category (Value)
- 8.1.6.3.1.1. Real Chocolate
- 8.1.6.3.1.2. Compound Chocolate
- 8.1.6.4. Australia & New Zealand
- 8.1.6.4.1. By Product Category (Value)
- 8.1.6.4.1.1. Real Chocolate
- 8.1.6.4.1.2. Compound Chocolate
- 8.1.6.5. Rest of APAC
- 8.1.6.5.1. By Product Category (Value)
- 8.1.6.5.1.1. Real Chocolate
- 8.1.6.5.1.2. Compound Chocolate
- 9. South America Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Product Category (Value)
- 9.1.2.1. Real Chocolate
- 9.1.2.2. Compound Chocolate
- 9.1.3. By Type (Value)
- 9.1.3.1. Milk
- 9.1.3.2. Dark
- 9.1.3.3. White
- 9.1.4. By Form (Value)
- 9.1.4.1. Chip
- 9.1.4.2. Slab
- 9.1.4.3. Coatings
- 9.1.4.4. Others
- 9.1.5. By Application (Value)
- 9.1.5.1. Confectionery
- 9.1.5.2. Bakery
- 9.1.5.3. Dairy and Frozen Desserts
- 9.1.5.4. Beverages
- 9.1.5.5. Others
- 9.1.6. By Country (Value)
- 9.1.6.1. Brazil
- 9.1.6.1.1. By Product Category (Value)
- 9.1.6.1.1.1. Real Chocolate
- 9.1.6.1.1.2. Compound Chocolate
- 9.1.6.2. Argentina
- 9.1.6.2.1. By Product Category (Value)
- 9.1.6.2.1.1. Real Chocolate
- 9.1.6.2.1.2. Compound Chocolate
- 9.1.6.3. Rest of South America
- 9.1.6.3.1. By Product Category (Value)
- 9.1.6.3.1.1. Real Chocolate
- 9.1.6.3.1.2. Compound Chocolate
- 10. Middle East and Africa Real and Compound Chocolate Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.1.1. Market Size Estimates and Forecast
- 10.1.2. By Product Category (Value)
- 10.1.2.1. Real Chocolate
- 10.1.2.2. Compound Chocolate
- 10.1.3. By Type (Value)
- 10.1.3.1. Milk
- 10.1.3.2. Dark
- 10.1.3.3. White
- 10.1.4. By Form (Value)
- 10.1.4.1. Chip
- 10.1.4.2. Slab
- 10.1.4.3. Coatings
- 10.1.4.4. Others
- 10.1.5. By Application (Value)
- 10.1.5.1. Confectionery
- 10.1.5.2. Bakery
- 10.1.5.3. Dairy and Frozen Desserts
- 10.1.5.4. Beverages
- 10.1.5.5. Others
- 10.1.6. By Country (Value)
- 10.1.6.1. South Africa
- 10.1.6.1.1. By Product Category (Value)
- 10.1.6.1.1.1. Real Chocolate
- 10.1.6.1.1.2. Compound Chocolate
- 10.1.6.2. UAE
- 10.1.6.2.1. By Product Category (Value)
- 10.1.6.2.1.1. Real Chocolate
- 10.1.6.2.1.2. Compound Chocolate
- 10.1.6.3. Rest of ME&A
- 10.1.6.3.1. By Product Category (Value)
- 10.1.6.3.1.1. Real Chocolate
- 10.1.6.4. Compound Chocolate
- 11. Competitive Matrix
- 11.1. Key Industry Developments
- 11.2. Global Market Share/Ranking Analysis
- 11.3. Competition Dashboard – Strategy Analysis
- 12. Company Profiles
- 12.1. Barry Callebaut AG
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Species Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Mondelez International
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Species Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Cargill Incorporated
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Species Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Nestle SA
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Species Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Fuji Oil Co. Ltd.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Species Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. The Hershey Company
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Species Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Puratos Group
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Species Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Mars Incorporated
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Species Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Olam International
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Species Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Cemoi Group
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Species Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Strategic Recommendations
- 14. Appendix
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