Real and Compound Chocolate Market Synopsis:
According to Market Research Future (MRFR), the global real
and compound chocolate market is anticipated to acquire a significant market
value of USD 42.74 billion while thriving at a CAGR of 5.69% during the
projection period from 2022-2030.
The
Real and Compound Chocolate Market is anticipated to acquire
considerable expansion due to its numerous applications in beverages, bakery
and confectionery, and syrups and spreads during the projection tenure. The
scarcity and high price of cocoa butter is likely to give a significant opportunity
to the real and compound chocolate manufacturers to strengthen their market in
the coming period. Furthermore, the rising demand for innovative chocolate
products is anticipated to augment the real and compound chocolate revenue
considerably during the forecast period.
On the other hand, an increase in the obese population is
anticipated to obstruct the market growth during the assessment tenure.
However, the rising demand for confectionaries and exotic chocolate products is
likely to counter the impeding factor that can actuate the real and compound
chocolate revenue.
Market Segmentation:
The segmental analysis of the global real and compound
chocolate market is done by application and type.
The application-based segments of the global real and
compound chocolate market are beverages, dairy & frozen desserts, bakery
& confectionery, syrups & spreads, and others. Among all segments, the
seasonings segment is likely to witness a CAGR of 28.59%, followed by the
confectionery segment thriving at a CAGR of 20.72% during the review period.
The type-based segments of the global real and compound
chocolate market are white, dark, and milk. Among all segments, the milk
chocolate segment is expected to dominate the global market during the forecast
period. The segment is likely to record a CAGR of 2.61% owing to the increasing
demand for green label products as a preservative in processed food.
Key Players:
The global Key
Real and Compound Chocolate Market Players are Mars Inc. (the US),
Ferrero SPA (Italy), Mondelez International, Inc. (the US), Guittard Chocolate
Company (the US), Alpezzi Chocolate (Mexico), The Hershey Co. (the US), and
Blommer Chocolate Company (the US).
Regional Analysis:
Based on the region, the global market for the real and
compound chocolate market is segmented into North America, Europe,
Asia-Pacific, and the Rest of the World (RoW).
As per the analysis on real and compound chocolate market by
MRFR, the global market is expected to be dominated by Europe during the review
period owing to the increasing consumption of chocolate and chocolate products.
APAC is anticipated to record the highest CAGR during the
projection period owing to the rising demand for confectionaries and exotic
chocolates. The increasing disposable income is likely to play a significant
role in augmenting the regional market during the review period. Furthermore,
the presence of emerging economies like India, China, and Japan is anticipated
to strengthen the regional market during the review period. India is expected
to witness the highest growth rate during the evaluation tenure.
North America is expected to acquire significant market
value during the evaluation period owing to the growing demand for chocolates.
The US and Canada are projected to augment the regional market in the coming
tenure. Furthermore, the presence of key players is likely to be another
potential factor that can boost the regional market during the review period.
The Rest of the World (RoW) is anticipated to acquire a
smaller amount of market share during the review period. The presence of
underdeveloped countries is likely to hamper the market growth in the
forthcoming period.
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About Market Research Future:
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and precise analysis about diverse markets, sub-markets and target consumers.
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