Global Chocolate Flavor Market 2024-2028
Chocolate Flavor Market 2024-2028
The chocolate flavor market is forecasted to grow by USD 102.9 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the chocolate flavor 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of chocolate flavor-based baked goods, chocolate flavor-based product launches, and rising demand for organic chocolate flavor.
Technavio's chocolate flavor market is segmented as below:
By Application
- Food products
- Beverage products
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increasing number of mergers and acquisitions as one of the prime reasons driving the chocolate flavor market growth during the next few years. Also, technological advances in food flavor industry and rising trend of chocolate flavor premiumization will lead to sizable demand in the market.
The report on the chocolate flavor market covers the following areas:
- Chocolate Flavor Market sizing
- Chocolate Flavor Market forecast
- Chocolate Flavor Market industry analysis
The 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 chocolate flavor market vendors that include Archer Daniels Midland Co., Barry Callebaut AG, Blommer Chocolate Co., Cargill Inc., Custom Flavors, Firmenich SA, Givaudan SA, Ingredion Inc., International Flavors and Fragrances Inc., Kerry Group Plc, Keva Flavours Pvt Ltd, Lionel Hitchen Ltd., McCormick and Co. Inc., Olam Group Ltd., Puratos, Sensient Technologies Corp., Symrise Group, T. Hasegawa Co. Ltd., Takasago International Corp., and V. Mane Fils. Also, the chocolate flavor 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.
The publisher 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 primary and secondary research. The 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.