Global Industrial Chocolate Market Growth 2023-2029

Global Industrial Chocolate Market Growth 2023-2029

Industrial chocolate is a typically sweet, usually brown, food preparation of theobroma cacao seeds, roasted and ground, often flavored, as with vanilla. It is made in the form of a liquid, or in a block, or used as a flavoring ingredient in other foods.

LPI (LP Information)' newest research report, the “Industrial Chocolate Industry Forecast” looks at past sales and reviews total world Industrial Chocolate sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Chocolate sales for 2023 through 2029. With Industrial Chocolate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Chocolate industry.

This Insight Report provides a comprehensive analysis of the global Industrial Chocolate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Chocolate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Chocolate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Chocolate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Chocolate.

The global Industrial Chocolate market size is projected to grow from US$ 59210 million in 2022 to US$ 82060 million in 2029; it is expected to grow at a CAGR of 82060 from 2023 to 2029.

Global Industrial Chocolate key players include Barry Callebaut, Cargill, Nestle SA, Mars, etc. Global top four manufacturers hold a share over 45%.

Europe is the largest market, with a share about 30%, followed by Southeast Asia, and North America, both have a share over 40 percent.

In terms of product, Dark Chocolate is the largest segment, with a share about 90%. And in terms of application, the largest application is Chocolate Bars, followed by Flavoring Ingredient.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Chocolate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Dark Chocolate

Others

Segmentation by application

Chocolate Bars

Flavoring Ingredient

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Barry Callebaut

Cargill

Nestle SA

Mars

Hershey

Blommer Chocolate Company

FUJI OIL

Puratos

Cémoi

Irca

Foley's Candies LP

Olam

Kerry Group

Guittard

Ferrero

Ghirardelli

Alpezzi Chocolate

Valrhona

Republica Del Cacao

TCHO

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Chocolate market?

What factors are driving Industrial Chocolate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Chocolate market opportunities vary by end market size?

How does Industrial Chocolate break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.