Cocoa is a product obtained by processing the cocoa tree's seeds. Cocoa originated in Latin America, but it is now grown in almost every tropical region, from West and Central Africa to Asia and Oceania. Cocoa seeds are used to make a variety of products, including cocoa liquor, cocoa butter, and cocoa powder.

 

Data Bridge Market Research analyses that the compound chocolate market was valued at USD 36.10 billion in 2021 and is expected to reach the value of USD 61.56 billion by 2029, at a CAGR of 6.90% during the forecast period of 2022-2029.

 

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Competitive Landscape and Compound Chocolate Market Share Analysis

 

The compound chocolate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the compound chocolate market.

 

Some of the major players operating in the compound chocolate market are:

 

  • Cemoi Chocolatier (France)

  • Republica del Cacao (Ecuador)

  • Nestlé S.A. (Switzerland)

  • Mars Incorporated (U.S.)

  • Fuji Oil Holdings Inc. (Japan)

  • Guittard Chocolate Co. (U.S.)

  • Ghirardelli Chocolate Co. (U.S.)

  • Varihona Inc. (France)

  • Barry Callebaut AG (Switzerland)

  • Alpezzi Chocolate SA De CV (Mexico)

  • Kerry Group Plc (Ireland)

  • Olam International Ltd. (Singapore)

  • Tcho Ventures Inc. (U.S.)

  • The Hershey Company (U.S.)

  • Cargill, Incorporated (U.S.)

  • Blommer Chocolate Company (U.S.)

  • Foley's Candies LP (Canada)

  • Puratos Group Nv (Belgium)

  • Ferrero International S.A. (Italy)

 

Recent Development

 

Mondelez International will introduce Oreo frozen desserts in January 2022. Oreo bars, cones, sandwiches, and tubs will be part of the new line. The bars and cones contain Oreo pieces and are coated with crushed Oreo wafer pieces. The sandwiches are topped with two large Oreo wafers. Each product has a creme-flavored base with Oreo cookie pieces.

Lacta has partnered with Froneri to launch ice cream with creamy filling and chocolate chips in December 2021. Diamante Negro, Milk Chocolate Bonbon, and Laka Oreo are the three flavours available in the new product line.

Barry Callebaut will launch a full portfolio of dairy-free chocolate compounds in November 2021, expanding the company's plant-based options. These new options are entirely plant-based. The new line includes dairy-free EZ melt compound, Compound Chip/Chunk, Compound Soft Chunk, Compound Soft Shaped Chunks, and Bulk Liquid for various applications.

 

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Compound Chocolate Market Regional Analysis/Insights

 

The compound chocolate market is analysed and market size insights and trends are provided by country, type, form, and application as referenced above.

 

The countries covered in the compound chocolate market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Global, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.

 

In the global compound chocolate market, Europe has the greatest market share, followed by North America, Asia-Pacific, the Middle East and Africa, and South America. In Europe, Germany has the largest market share due to the widespread use of compound chocolate in industrial applications. For example, Mondelez International, Nestle, and Lindt & Sprüngli, three of the world's largest confectionery companies, use compound chocolate to make chocolates containing roasted cocoa beans. However, in North America, the United States has occupied the largest market share due to the consumption of cocoa beans and butter used in the food and beverage sector and the preference of coffee flavour among American consumers.

 

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

 

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Global Compound Chocolate Market Report Answers the Following Questions:

 

  • What are the current trends and future projections for the Global Compound Chocolate Market?

  • What are the major drivers and challenges facing the Global Compound Chocolate Market?

  • How is the Global Compound Chocolate Market segmented by product type?

  • What is the market share of the leading players in the Global Compound Chocolate Market?

  • How has the COVID-19 pandemic impacted the Asia-Pacific ID Barcode Reading in the Factory Automation Market?

  • What are the key distribution channels for timing devices in the global market?

  • How is the Global Compound Chocolate Market affected by the integration of new technologies?

  • What is the impact of regulations and standards on the Global Compound Chocolate Market?

  • How is the Global Compound Chocolate Market expected to evolve in the next five years?

  • What are the opportunities for new market participants in the Global Compound Chocolate Market?

 

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