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Industrial Chocolate Market by Product Type (Cocoa Powder, Cocoa Liquor, Cocoa Butter, Compound Chocolate), Application (Bakery Products, Confectionery, Bakery Premixes, Beverages, Frozen Desserts and Ice Creams, and Others), and Region 2024-2032

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    Report

  • 135 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5834344
The global industrial chocolate market size reached US$ 8.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 11.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2023-2032. The surging demand for sugar-free and organic chocolates, the rising popularity of premium dark chocolates, and the growing product usage in the bakery and confectionery industry represent some of the key factors driving the market.

Industrial chocolates are mass-produced chocolate products made for commercial purposes, such as baking, confectionery, and beverages. It is produced by processing cocoa beans into cocoa liquor and combining various other ingredients such as sugar, milk powder, and vegetable oil. It involves large-scale, mechanized processing methods and is carried out in specialized facilities for efficient and cost-effective production. Industrial chocolate is used in various food products, such as candy bars, chocolate-coated snacks, baking mixes, and hot chocolate mixes. In addition to this, it finds numerous applications across the food service industry in making desserts, pastries, and beverages.

Industrial Chocolate Market Trends:

The shifting preference for sugar-free, low-calorie, and organic chocolates over traditional chocolates among the rising health-conscious consumers represents the prime factor driving the market growth. Besides this, the surging need for high-quality, premium chocolates, the growing demand for cocoa butter substitutes, and the escalating consumer awareness about the numerous health benefits of consuming dark chocolate are creating a favorable outlook for the market. Moreover, the largescale demand for industrial chocolates from the thriving confectionery industry for producing candy bars and chocolate-coated snacks, combined with extensive product utilization in the cosmetics, pharmaceutical, and nutraceutical industries, are aiding in market expansion. In addition to this, expanding demand for chocolate-based desserts, snack bars, and beverages, especially among on-the-go millennials and youngsters, is presenting remunerative growth opportunities for the market. Concurrent with this, ongoing product innovations, the widespread trend of gifting chocolates, and the increasing popularity of baked products, such as chocolate cakes, pastries, donuts, and cupcakes, are contributing to the market growth. Furthermore, the bolstering growth of the food service industry, the inflating disposable income of individuals, and the easy availability of innovative product variants through numerous online and offline retail stores are positively impacting the market growth.

Key Market Segmentation:

The report provides an analysis of the key trends in each segment of the global industrial chocolate market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product type and application.

Product Type Insights:

Cocoa Powder
Cocoa Liquor
Cocoa Butter
Compound Chocolate

The report has provided a detailed breakup and analysis of the industrial chocolate market based on the product type. This includes cocoa powder, cocoa liquor, cocoa butter, and compound chocolate. According to the report, cocoa butter represented the largest segment.

Application Insights:

Bakery Products
Confectionery
Bakery Premixes
Beverages
Frozen Desserts and Ice Creams
Others

A detailed breakup and analysis of the industrial chocolate market based on the application has also been provided in the report. This includes bakery products, confectionery, bakery premixes, beverages, frozen desserts and ice creams, and others.

Regional Insights:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for industrial chocolate. Some of the factors driving the Europe industrial chocolate market included the rising demand for chocolate-based products, such as candies, snack bars, shakes, and baked goods, the growing popularity of premium chocolates, and continuous product innovations.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global industrial chocolate market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Berry Callebaut AG, Campco Chocolates, Cargill Incorporated, Cemoi Chocolatier, Clasen Quality Chocolate, Foleys Candies LP, Fuji Oil Co. Ltd., Guittard Chocolate Company, Kerry Group PLC, Natra SA, The Hershey Company, etc. Kindly note that this only represents a partial list of companies and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global industrial chocolate market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global industrial chocolate market?
What is the impact of each driver, restraint, and opportunity on the global industrial chocolate market?
What are the key regional markets?
Which countries represent the most attractive industrial chocolate market?
What is the breakup of the market based on the product type?
Which is the most attractive product type in the industrial chocolate market?
What is the breakup of the market based on the application?
Which is the most attractive application in the industrial chocolate market?
What is the competitive structure of the global industrial chocolate market?
Who are the key players/companies in the global industrial chocolate market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Industrial Chocolate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Cocoa Powder
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cocoa Liquor
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Cocoa Butter
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Compound Chocolate
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Bakery Products
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Confectionary
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bakery Premixes
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Beverages
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Frozen Desserts and Ice Creams
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Berry Callebaut AG
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Campco Chocolates
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Cargill Incorporated
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 SWOT Analysis
13.3.4 Cemoi Chocolatier
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Clasen Quality Chocolate
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Foleys Candies LP
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Fuji Oil Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Guittard Chocolate Company
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Kerry Group PLC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Natra SA
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 The Hershey Company
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Industrial Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Industrial Chocolate Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Industrial Chocolate Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Industrial Chocolate Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Industrial Chocolate Market: Breakup by Application (in %), 2023
Figure 6: Global: Industrial Chocolate Market: Breakup by Region (in %), 2023
Figure 7: Global: Industrial Chocolate (Cocoa Powder) Market: Sales Value (in Million US$), 2018 & 2023
Figure 8: Global: Industrial Chocolate (Cocoa Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 9: Global: Industrial Chocolate (Cocoa Liquor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Industrial Chocolate (Cocoa Liquor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Industrial Chocolate (Cocoa Butter) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Industrial Chocolate (Cocoa Butter) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Industrial Chocolate (Compound Chocolate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Industrial Chocolate (Compound Chocolate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Industrial Chocolate (Bakery Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Industrial Chocolate (Bakery Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Industrial Chocolate (Confectionary) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Industrial Chocolate (Confectionary) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Industrial Chocolate (Bakery Premixes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Industrial Chocolate (Bakery Premixes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Industrial Chocolate (Beverages) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Industrial Chocolate (Beverages) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Industrial Chocolate (Frozen Desserts and Ice Creams) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Industrial Chocolate (Frozen Desserts and Ice Creams) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Industrial Chocolate (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Industrial Chocolate (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: North America: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: North America: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: United States: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: United States: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Canada: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Canada: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Asia-Pacific: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Asia-Pacific: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: China: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: China: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Japan: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Japan: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: India: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: India: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: South Korea: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: South Korea: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Australia: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Australia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Indonesia: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Indonesia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Europe: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Europe: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Germany: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Germany: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: France: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: France: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: United Kingdom: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: United Kingdom: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Italy: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Italy: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Spain: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Spain: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Russia: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Russia: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Latin America: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Latin America: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Brazil: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Brazil: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Mexico: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Mexico: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Others: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Others: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Middle East and Africa: Industrial Chocolate Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Middle East and Africa: Industrial Chocolate Market: Breakup by Country (in %), 2023
Figure 75: Middle East and Africa: Industrial Chocolate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Global: Industrial Chocolate Industry: Drivers, Restraints, and Opportunities
Figure 77: Global: Industrial Chocolate Industry: Value Chain Analysis
Figure 78: Global: Industrial Chocolate Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Industrial Chocolate Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Industrial Chocolate Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Industrial Chocolate Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Industrial Chocolate Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Industrial Chocolate Market: Competitive Structure
Table 6: Global: Industrial Chocolate Market: Key Players

Companies Mentioned

  • Berry Callebaut AG
  • Campco Chocolates
  • Cargill Incorporated
  • Cemoi Chocolatier
  • Clasen Quality Chocolate
  • Foleys Candies LP
  • Fuji Oil Co. Ltd.
  • Guittard Chocolate Company
  • Kerry Group PLC
  • Natra SA
  • The Hershey Company

Methodology

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Table Information