PUBLISHED DATE : Mar 2019 | Pages : 220
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Industrial Chocolate Market Size, Share, & Trends Analysis Report by Products (Cocoa Butter, Cocoa Liquor, and Cocoa Powder), Application (Bakery, Ice-Cream and Frozen Dessert, Dairy, Cereals, and Others), Market Entity (Open and Integrated), Type (Confectionery and Cocoa & Other Products), and Geography (North America, Europe, APAC, and Rest of the World) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Share & Forecast, 2019 – 2024
220 Pages
20 Tables
85 Charts
4 Regions
12 Countries
20 Companies
5 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (Volume) | 9,500 THOUSAND TONS (2024) |
| CAGR | 3% (2018-2024) |
| Base Year | 2018 |
| Forecast Year | 2024 |
| Market Segments | By Products (Cocoa Butter, Cocoa Liquor, and Cocoa Powder), Application (Bakery, Ice-Cream and Frozen Dessert, Dairy, Cereals, and Others), Market Entity (Open and Integrated), Type (Confectionery and Cocoa & Other Products) |
| Geographic Analysis | North America, Europe, APAC, and Rest of the World |
| Countries Covered | US, Canada, UK, Germany, France, China, Japan, Australia, India, Brazil, UAE, and South Africa |
Chocolate is presented as a snack, a treatment, an item on the menu, or an experience, and vendors are focusing on new ways to attract consumers in the global industrial chocolate market. The increasing degree of sensitization around food brands and increasing responsibility around sourcing, production, and the overall handling of those involved in the output is driving the resolution of the food and beverage industry. The importance of environmental cost of the chocolate and the ethical considerations are driving demand for certified products. The increasing focus on creating a unique experience is encouraging the companies to launch innovative products. From multisensory to sharing experiences, vendors are tapping into delivering satisfaction through a myriad of ways in the market. The growing number of regulations and legislation is impacting the way food products are sourced and delivered.
The rapidly shifting consumer needs, players are innovating to deliver products that will make the customer happier and healthier, and guaranteeing care in the cultivation and manufacturing of cocoa beans and chocolates. The paradigm shift in the behavior and increasing awareness about health and obesity is fueling the demand for healthier and sustainable products. Several companies are working on staying relevant to the changing marketplace, deviating tastes, and the incumbents demand more from products. Premium products lead the way for innovations.
The increasing focus on texture for a multisensory experience will result in the transformation of the industrial chocolate market. The products that manifest through texture can play on the experiences of feel, sound, and satisfaction and are becoming more critical than ever. The use of textures has evolved beyond creamy or smooth to include multisensory experiences that come from layering creatively or combining ingredients differently. From chunky texture that give more bite to combinations such as crunchy additions in a soft filling are breaking new ground and taking textures to the next level. For instance, Barry Callebaut has introduced a sensory language and a tasting ritual for chocolates. These textural effects will act as a tool for iconic brands to breathe new life into their products as opposed to entirely coming up with new concepts.
This research report includes a detailed segmentation by
The focus on developing new confectionery products with a rounded mouthfeel drives innovation in the global industrial chocolate market
Cocoa butter dominated the total industrial chocolate market share in 2018, growing at a CAGR of over 3% during the forecast period. The growing demand for new confectionery products is mainly prevailing in developed countries where the end consumer wants a refined mouthfeel is fueling the growth of this segment. With consumers beginning to realize that all types of fats are not harmful, unsaturated fats, and in general pure butter (which has a natural halo) has found acceptance. Such a high demand for good quality products is fueling the demand for cocoa butter among manufacturers in the global chocolate industry analysis. Players such as Mars have begun to claim that their products have 100% pure cocoa butter – something that has been a regular with artisan shops.
Cocoa flavored dairy products are becoming a rage among consumers in the global market
The dairy application is the fastest growing segment, growing at a CAGR of approximately 4% during the forecast period. The increasing use of choco flavorings in newly developed milk products, yogurts, and creamers is fueling the growth of this segment. The nostalgic appeal of chocolate has reserved its space in flavors that are going to remain eternal from grandma’s cake to aunt’s pie; the product tends to lead to tons of food memories. These factors are driving demand for alkalized cocoa powders.
The introduction of Choco-flavored yogurt and other such novelty products are gaining immense prominence. The vendors such as Olam Cocoa are offering a mild cocoa powder that has an enhanced fruity flavor, which is lower on the bitterness scale to increase the application of these products. The availability of a broad palate of cocoa powder colors, ranging from dark brown or light brown to dark red and sometimes even black, will contribute to the major revenues.
New combinations and experiences emerging as the driving factor across the global market
The confectionery segment occupied the largest industrial chocolate market share in 2018. The unique combinations and experiences are becoming a must-do in the chocolate industries and fueling the growth of this segment. The increasing demand for happy bakes and chocolate nibbles will increase lucrative opportunities in the chocolate market for the top vendors. With the rising awareness about health and wellness and the increasing number of consumers seeking out foods enriched with healthy ingredients will create new opportunities for vendors. Manufacturers have responded with the consistent introduction of chocolate confectionery that is promoted with words such as cacao-rich, natural, and single-origin to meet the diverse demands. The growing demand for organic, fortified functional and reduced-sugar confectionery is fueling the diversity in the global market.
Companies are reinventing their products portfolio to attract consumers in the global market
The open market is benefitting as consumer chocolate companies outsource their production together with processing so they can handle marketing and R&D for their brands. Several vendors have grown through acquisitions of chocolate and compound production facilities of other chocolate and cocoa producers and processors and then outsourced to them. Outsourcing agreements from APAC are allowing players to gain a strategic foothold, especially in the emerging segments, thereby fueling the growth potential. Such agreements also include teamwork in joint R&D activities to innovate, thus supporting the growth of the client while also giving the supplier a deeper understanding and expertise of the immediate market. The focus on testing innovation will revolutionize the global market.
Switzerland emerges as the most loved and noted region in the global industrial chocolate market
Europe dominated the market share of chocolate brands and industrial chocolates, growing at a CAGR of 4% during the forecast period. Europe dominates the production, export, and consumption and the increasing investments in product innovations, novelties, and sophisticated product development is contributing to the revenues in the region. For instance, the partnership with a wine-tasting expert to market and create tasting experiences like wine tasting, but for chocolates through the origin, tasting boxes are gaining immense popularity in the region. The Scandinavian and the Nordic countries are exceptionally forward in terms of industrial chocolate making and will contribute to the growing revenues.
Trends such as fiber and protein enrichment and dairy-free products with the growth of veganism are transforming the industry in the North American region. Various global industrial chocolate market players are opening R&D centers and training academies in Singapore, China, India, Japan, Malaysia, and Indonesia.
The global industrial chocolate market share has a high concentration, and the top 4 players contribute over 90% of the total revenues. The leading vendors are investing in capacity expansion into cocoa producing countries to stay better sheltered from the unbalanced climatic and economic situations market. The increasing focus on enhancing discoverability through several cultural and novelty influences and refining what companies are offering will help attract new consumers worldwide. The top players are competing based on product innovation, product quality, and price in the global industrial chocolate market. Major Vendors in the market include Barry Callebaut Group, Cargil, Fuji Oil, and Cémoi.
This research report offers chocolate industry outlook with growth rates, revenues & forecasts for the following segments:
By Product
By Application
By Market Entity
By Type
By Geography
The industrial chocolate market size is projected to reach 9,500 thousand tons, growing at a CAGR of around 3% during 2018-2024.
The increasing focus on texture for a multisensory experience will result in the transformation of the industrial chocolate market.
The growing demand for new confectionery products is mainly prevailing in developed countries where the end consumer wants a refined mouthfeel is fueling the growth of the market.
The confectionery segment occupied the largest industrial chocolate market share in 2018.
The leading vendors in industrial chocolate market are Barry Callebaut Group, Cargill, Fuji Oil, and Cémoi.
The global industrial chocolate market is driven by vendors investing in high-growth countries such as Mexico and India. Ethnic flavor combinations, smaller portions, stronger health claims, increased transparency, and personalization will contribute to the growing revenues in the global market. The market research report provides in-depth market analysis and segmental analysis of the global industrial chocolate market by products, application, market entity, type, and geography.
Base Year: 2018
Forecast Year: 2019-2024
The report considers the present scenario of the global industrial chocolate market and its market dynamics for the period 2019−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Major Vendors in the Global Industrial Chocolate Market
Prominent Players in the Global Industrial Chocolate Market
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Market Entity
Market Segmentation by Type
Market Segmentation by Geography
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Applications
4.4.3 Market Segmentation by Market Entity
4.4.4 Market Segmentation by Type
4.4.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 The State Of The Global Economy
7.3 Factors Influencing Chocolate Consumption
7.3.1 Global Sugar Consumption
7.3.2 Disposable Incomes
7.4 Cocoa Production and Consumption: An Overview
7.4.1 Consumer Profiles
7.5 Industrial Chocolate Value chain
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Permissible Indulgences Going Strong
8.1.2 Evolution of the Role of Chocolate
8.1.3 A “Less but Better” Attitude
8.1.4 Cultural and Seasonal Adaptations Influence Uptake
8.2 Market Growth Restraints
8.2.1 Volatility in Cocoa Prices
8.2.2 Sugar Consumption Down in Mature Economies
8.2.3 An Impending Chocolate Shortage
8.2.4 Boutique Chocolatiers move the Needle
8.3 Market Opportunities and Trends
8.3.1 Stepping-up Sustainability
8.3.2 Focus on Texture for Multisensory Experiences
8.3.3 Getting Creative with Ruby
8.3.5 Cleaner Label Commitments
9 Global Industrial Chocolate Market
9.1 Market Size & Forecast
9.2 Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry
10 Industrial chocolate market by Application
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Market by Bakery
10.3.1 Market Size & Forecast
10.4 Dairy
10.4.1 Market Size & Forecast
10.5 Cereals
10.5.1 Market Size & Forecast
10.6 Others
10.6.1 Market Size & Forecast
11 Industrial chocolate market by Products
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Cocoa Butter
11.3.1 Market Size & Forecast
11.4 Cocoa Liquor
11.4.1 Market Size & Forecast
11.5 Cocoa Powder
11.5.1 Market Size & Forecast
12 Industrial chocolate market by Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Chocolate Confectionery
12.3.1 Market Size & Forecast
12.4 Cocoa and other chocolate products
12.4.1 Market Size & Forecast
13 Industrial chocolate market by Market Entity
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Open Industrial Chocolate Market
13.3.1 Market Size & Forecast
13.4 Integrated Industrial Chocolate Market
13.4.1 Market Size & Forecast
14 Industrial chocolate market by Geography
14.1 Market Snapshot & Growth Engine
14.2 Overview
15 Europe
15.1 Market Size & Forecast
15.2 Key Countries
15.2.1UK:Industrial Chocolate Market Size & Forecast
15.2.2France:Market Size & Forecast
15.2.3Germany: Market Size & Forecast
16 North America
16.1 Market Size & Forecast
16.2 Key Countries
16.2.1US: Industrial Chocolate Market Size & Forecast
16.2.2Canada:Industrial Chocolate Market Size & Forecast
17 APAC
17.1 Market Size & Forecast
17.2 Key Countries
17.2.1Japan:Industrial Chocolate Market Size & Forecast
17.2.2China: Industrial Chocolate Market Size & Forecast
17.2.3Australia:Market Size & Forecast
17.2.4India:Market Size & Forecast
18 Rest Of World
18.1 Market Size & Forecast
18.2 Key Countries
18.2.1Brazil: Industrial Chocolate Market Size & Forecast
18.2.2South Africa:Industrial Chocolate Market Size & Forecast
18.2.3UAE:Market Size & Forecast
19 Competitive Landscape
19.1 Competition Overview
20 Market Vendor Analysis
20.1 Market Ranking Analysis
21 Key Company Profiles
21.1 Barry Callebaut Group
21.1.1 Business Overview
21.1.2 Major Product Offerings
21.1.3 Key Strengths
21.1.4 Key Strategies
21.1.5 Key Opportunities
21.2 Cargill
21.2.1 Business Overview
21.2.2 Major Product Offerings
21.2.3 Key Strengths
21.2.4 Key Strategies
21.2.5 Key Opportunities
21.3 Fuji Oil
21.3.1 Business Overview
21.3.2 Key Strengths
21.3.3 Key Strategies
21.3.4 Key Opportunities
21.4 Cémoi
21.4.1 Business Overview
21.4.2 Major Product Offerings
21.4.3 Key Strengths
21.4.4 Key Strategies
21.4.5 Key Opportunities
22 Other Prominent Vendors
22.1 Aalst Chocolate
22.1.1 Business Overview
22.1.2 Product Offerings
22.1.3 Key Strengths
22.1.4 Key Strategies
22.2 Baronie
22.2.1 Business Overview
22.2.2 Product Offerings
22.2.3 Key Strengths
22.2.4 Key Strategies
22.3 Chocoley
22.3.1 Business Overview
22.3.2 Product Offerings
22.3.3 Key Strengths
22.3.4 Key Strategies
22.4 Clasen Quality Chocolate
22.4.1 Business Overview
22.4.2 Product Offerings
22.4.3 Key Strengths
22.4.4 Key Strategies
22.5 Ferrero
22.5.1 Business Overview
22.5.2 Product Offerings
22.5.3 Key Strengths
22.5.4 Key Strategies
22.6 Guittard
22.6.1 Business Overview
22.6.2 Product Offerings
22.6.3 Key Strengths
22.6.4 Key Strategies
22.7 IRCA
22.7.1 Business Overview
22.7.2 Product Offerings
22.7.3 Key Strengths
22.7.4 Key Strategies
22.8 Mars
22.8.1 Business Overview
22.8.2 Product Offerings
22.8.3 Key Strengths
22.8.4 Key Strategies
22.9 Nestle
22.9.1 Business Overview
22.9.2 Product Offerings
22.9.3 Key Strengths
22.9.4 Key Strategies
22.10 Olam International
22.10.1 Business Overview
22.10.2 Product Offerings
22.10.3 Key Strengths
22.10.4 Key Strategies
22.11 Puratos
22.11.1 Business Overview
22.11.2 Product Offerings
22.11.3 Key Strengths
22.11.4 Key Strategies
22.12 Santa Barbara Chocolate
22.12.1 Business Overview
22.12.2 Product Offerings
22.12.3 Key Strengths
22.12.4 Key Strategies
22.13 Sephra
22.13.1 Business Overview
22.13.2 Product Offerings
22.13.3 Key Strengths
22.13.4 Key Strategies
22.14 The Hershey Company
22.14.1 Business Overview
22.14.2 Product Offerings
22.14.3 Key Strengths
22.14.4 Key Strategies
22.15 Unigrà
22.15.1 Business Overview
22.15.2 Product Offerings
22.15.3 Key Strengths
22.15.4 Key Strategies
22.16 Valrhona
22.16.1 Business Overview
22.16.2 Product Offerings
22.16.3 Key Strengths
22.16.4 Key Strategies
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations
23.3 Quantitative Summary
23.3.1 Market Size
24 Appendix
24.1 Abbreviations
List of Exhibits
Exhibit 1 Segmentation of Global Industrial Chocolate Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 State of the Industrial Chocolate Market
Exhibit 4 Economic Profile
Exhibit 5 Global GDP Growth 2017 (annual % change)
Exhibit 6 Gross Adjusted Household Disposable Income Per Capita of OECD Countries in 2017 ($)
Exhibit 7 Global Share of Cocoa Producers
Exhibit 8 Global Cocoa Production and Consumption (thousand tons)
Exhibit 9 Profiles of Chocolate Consumer
Exhibit 10 Global Industrial Cocoa/Chocolate Supply Chain
Exhibit 11 Impact of Permissible Indulgences Going Strong
Exhibit 12 Impact of Evolution of the Role of Chocolate
Exhibit 13 Impact of A “Less but Better” Attitude
Exhibit 14 Impact of Cultural and Seasonal Adaptations Influence Uptake
Exhibit 15 Impact of Volatility in Cocoa Prices
Exhibit 16 Global Cocoa Price 2000−2016 ($ per metric ton)
Exhibit 17 Impact of Sugar Consumption Down in Mature Economies
Exhibit 18 Glimpse of Sugar Consumption Statistics Worldwide
Exhibit 19 Impact of An Impending Chocolate Shortage
Exhibit 20 The Chocolate Crisis: An Overview
Exhibit 21 Impact of Boutique Chocolatiers move the Needle
Exhibit 23 Impact of Stepping-up Sustainability
Exhibit 24 Cocoa Sustainability Statistics
Exhibit 25 Impact of Focus on Texture for Multisensory Experiences
Exhibit 26 Statistic on Sentiments of Consumer on Food with Texture
Exhibit 27 Impact of Getting Creative with Ruby
Exhibit 28 Impact of Cleaner Label Commitments
Exhibit 29 Statistics on Food and Beverage Labelling and Decision Making
Exhibit 30 Sales Potential for Confectionery Segments, Ingredients, and Flavors
Exhibit 31 Global Industrial Chocolate Market 2018−2024 (thousand tons)
Exhibit 32 Five Force Analysis 2018
Exhibit 33 Incremental Growth by Application 2018-2024
Exhibit 34 Market by Application Type 2018−2024 (thousand tons)
Exhibit 35 Market by Application Type 2018 & 2024
Exhibit 36 Global Industrial Chocolate Market- Comparison by Application Type 2018−2024
Exhibit 37 Ice-cream across the Globe: An Overview
Exhibit 38 Market by Dairy 2018−2024 (thousand tons)
Exhibit 39 Market by Cereals 2018−2024 (thousand tons)
Exhibit 40 Market by Others 2018−2024 (thousand tons)
Exhibit 41 Incremental Growth by Product 2018-2024
Exhibit 42 Market by Products (thousand tons)
Exhibit 43 Market by Products 2018 & 2024
Exhibit 44 Market - Comparison by Products 2018−2024
Exhibit 45 Market by Cocoa Butter 2018−2024 (thousand tons)
Exhibit 46 Market by Cocoa Liquor 2018−2024 (thousand tons)
Exhibit 47 Incremental Growth by Chocolate Type 2018-2024
Exhibit 48 Market by Type (thousand tons)
Exhibit 49 Market by Type 2018 & 2024
Exhibit 50 Market- Growth Comparison by Type 2018–2024
Exhibit 51 Market by Chocolate Confectionery 2018–2024 (thousand tons)
Exhibit 52 Market by Cocoa and Other Chocolate Products 2018–2024 (thousand tons)
Exhibit 53 Incremental Growth by Market Entity 2018-2024
Exhibit 54 Market by Market Entity (thousand tons)
Exhibit 55 Market by Market Entity 2018 and 2024
Exhibit 56 Market- Growth Comparison by Market Entity 2018–2024
Exhibit 57 Global Open Industrial Chocolate Market 2018–2024 (thousand tons)
Exhibit 58 Global Integrated Industrial Chocolate Market 2018–2024 (thousand tons)
Exhibit 59 Incremental Growth by Geography 2018-2024
Exhibit 60 Global Industrial Chocolate Market by Geography (thousand tons)
Exhibit 61 Market by Geography 2018
Exhibit 62 Market by Geography 2024
Exhibit 63 Market- Growth Comparison by Geography 2018–2024
Exhibit 64 Market by Europe 2018–2024 (thousand tons)
Exhibit 65 Organic Claims by Application 2019
Exhibit 66 Incremental Growth in Europe 2018-2024
Exhibit 67 Market in UK 2018–2024 (thousand tons)
Exhibit 68 Market in France 2018–2024 (thousand tons)
Exhibit 69 Market in Germany 2018–2024 (thousand tons)
Exhibit 70 Industrial Chocolate Market in North America 2018–2024 (thousand tons)
Exhibit 71 Incremental Growth in North America 2018-2024
Exhibit 72 Market in US 2018–2024 (thousand tons)
Exhibit 73 Market in Canada 2018–2024 (thousand tons)
Exhibit 74 Market in APAC 2018–2024 (thousand tons)
Exhibit 75 Incremental Growth in APAC 2018-2024
Exhibit 76 Market in Japan 2018–2024 (thousand tons)
Exhibit 77 Market in China 2018–2024 (thousand tons)
Exhibit 78 Market in Australia 2018–2024 (thousand tons)
Exhibit 79 Market in India 2018–2024 (thousand tons)
Exhibit 80 Market in ROW 2018–2024 (thousand tons)
Exhibit 81 Incremental Growth in ROW 2018-2024
Exhibit 82 Market in Brazil 2018–2024 (thousand tons)
Exhibit 83 Market in South Africa 2018–2024 (thousand tons)
Exhibit 84 Market in UAE 2018–2024 (thousand tons)
Exhibit 85 Ranking of Industrial Chocolate Vendors by Volume and Grinding Capacity 2018
List of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2018
Table 3 Global Industrial Chocolate Market by Bakery 2018−2024 (thousand tons)
Table 4 Output of Bread and Bakery Goods in Leading Seven Countries 2018
Table 5 Global Industrial Chocolate Market by Cocoa Powder 2018−2024 (thousand tons)
Table 6 Market Ranking Analysis 2018
Table 7 Barry Callebaut Group: Product Offerings
Table 8 Collective Retreats: Product Offerings
Table 9 Fuji Oil: Product Offerings
Table 10 Cémoi: Product Offerings
Table 11 Global Industrial Chocolate Market by Products (thousand tons)
Table 12 Global Industrial Chocolate Market by Products (%)
Table 13 Global Industrial Chocolate Market by Application (thousand tons)
Table 14 Market by Applications (%)
Table 15 Global Industrial Chocolate Market by Market Entity (thousand tons)
Table 16 Market by Market Entity (%)
Table 17 Global Industrial Chocolate Market by Type (thousand tons)
Table 18 Market by Type (%)
Table 19 Global Industrial Chocolate Market by Geography (thousand tons)
Table 20 Market by Geography (%)
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