Chocolate Ingredients Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Cacao, Milk, Lecithin, Flavors and Others (Natural & Artificial Flavor, Vegetable Oil, etc.), By Category (Dark Chocolate, Milk Chocolate, White Chocolate and Ruby Chocolate), By Application (Confectionary Products, Dairy & Baked Products, Beverages, and Others (Pharmaceutic
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
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In Switzerland, the average person consumes 8.8 kilograms, or 22 lb., of chocolate, annually.
After Switzerland, Austria consumes around 20.13 lbs followed by Ireland which consumes 19.47 lbs of chocolate, yearly.
Every year, a number of nations produce a significant amount of chocolate, and each of these nations have multiple well-known chocolate brands. For instance, Cologne is well known as Germany's chocolate capital. The most well-known chocolate manufacturers in Germany are Tortchen and Leonidas.
Furthermore, Belgium has a rich history in the production of chocolate. Godiva, one of the most well-known chocolate manufacturers in the world, is headquartered in Brussels. As a result, Belgian chocolate has widespread popularity, and the country has stringent rules governing its production.
Another well-known attribute is Italy is that it is among the leading producers of premium chocolate worldwide. The most well-known Italian chocolate manufacturers include Perugina and Caffarel. These companies are widely regarded as some of the best producers of chocolate on the planet.
Cacao, also known as coco is one of the main ingredients of the chocolate.
Even in the world of craft chocolate, lecithin is a very common ingredient. A brownish-yellow material called lecithin is comprised of phospholipids connected to choline molecules. It is present in various species of plants, most notably soy, sunflower, cottonseed, and rapeseed, as well as animal tissues (including eggs). It's used in very small amounts to reduce the viscosity of chocolate.
Increasing Awareness of Health Benefits of Chocolate is Fueling the Market Growth
Turns out, dark chocolate isn't just delicious, it's good for you too! The antioxidants inside can even help protect you from the sun. Plus, it boosts blood flow to your skin, keeping it hydrated and dense. Premium dark chocolate is also a great source of fiber, which is always a win for your diet. And with a good amount of manganese, copper, magnesium, iron, selenium, zinc, and potassium, it gives your body a nice little boost. All these perks are making dark chocolate more popular as people look for treats that are both healthy and tasty. Speaking of health, the International Diabetes Federation says that diabetes cases in India jumped from 61,258.4 thousand in 2011 to about 74,194.7 thousand in 2021. Because of this, there's a growing demand for chocolates sweetened with alternatives like stevia, monk fruit, and aspartame. The best part? These awesome ingredients in premium chocolate can actually help raise your good cholesterol (HDL) and keep the bad stuff (LDL) from oxidizing. That means a lower risk of high cholesterol and even lower blood pressure – which is especially appealing to folks with diabetes!
Usage Of Different Flavor Combinations and Fruit Is Fueling the Market Growth
Chocolate comes in all sorts of flavors, but hazelnut is still the top pick for those who make and sell it. Why? It's all about that smooth, amazing taste and feel that keeps people coming back for more. Just look at Ferrero – they use hazelnuts big time in classics like Nutella, Ferrero Rocher, and Kinder Bueno. Believe it or not, Ferrero uses about 25% of the world’s hazelnuts! But hey, there are other flavors popping up too. Things like nougat, coconut, caramel, and even orange are becoming popular in chocolate spreads for folks who want something a little different. All this flavor excitement is why the whole chocolate ingredients market is booming!
Lower Set-up Cost Aiding the Market Growth
Initial expenses for chocolate ingredients are comparatively low as compared to those of a conventional restaurant. An average chocolate ingredients startup costs about USD 6000. There is no need to hire a sizable workforce or acquire an expensive lease. Additionally, one does not require the equipment or other decorations that are usually associated with a traditional restaurant. As a result, the initial setup expense is far lower than for traditional eateries.
Usage of Functional Ingredients is Driving the Market Growth
As health-conscious consumers look for healthier formulations, health-related claims like gluten-free, high sources of fiber, and no added sugar are becoming more prevalent in the chocolate and confectionery sector. Brands may satisfy consumers wishing to live a healthy lifestyle by including functional ingredients like nuts, seeds, and berries that support pre- and probiotic qualities, gastrointestinal health, and immunity.
Prebiotic chicory fiber is one example of a natural sweetener that can be used to substitute sugar in products in an efficient manner, enabling consumers to choose different candies and take control of their health. While this is going on, companies like Body and Mind Botanicals are even experimenting with the creation of hemp-infused chocolate bars as a comfortable and delectable way for people to consume hemp.
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Market Segmentation
So, how is the chocolate ingredients market broken down? Well, it's like slicing up a delicious chocolate bar – we look at the type of ingredient, like Cacao, Milk, Lecithin, Flavors, and a catch-all "Others" (think natural and artificial flavors, vegetable oil, etc.). Then we consider the category of chocolate it goes intoDark Chocolate, White Chocolate, Milk Chocolate, and even the trendy Ruby Chocolate. Next, it's about where it ends up – the application, from irresistible Confectionary Products to creamy Dairy & Baked Products, refreshing Beverages, and even some surprising places like Pharmaceuticals, Cosmetic & Personal Care, under the "Others" category. Finally, we examine the regional landscape, dividing the world into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
In parts of the world like Europe and North America, there is a significant increase in demand for fine-tasting cocoa. Gourmet chocolates are made with premium and ultra-premium beans. Regular premium chocolates are made with regular and low-fine beans, especially in nations like the UK, Brazil, US, China, India, Netherlands, Germany, and Switzerland. The desire for more exclusive products and the health trend are the driving forces behind this development. The growth of the market as a whole is accelerated by the premium cocoa market, which features single-origin and sustainability certification.
Company Profiles
THE HERSHEY COMPANY, PURATOS, ADM, PT Davomas Abadi Tbk, Godiva, Barry Callebaut, Mars, Incorporated, Cargill, Incorporated, pladis global, The Kraft Heinz Company, FrieslandCampina, Britannia Industries, Schreiber Foods Inc., Toms International, JBCOCOA Sdn. Bhd., Nestle, Lake Champlain Chocolates, Petra Foods Limited., Palsgaard, Artisan Confections,
In order to cater to the market growth many industry giants are promoting their products by organizing multiple campaigns. For instance, the first-ever Halloween promotion from Hershey India is called "#HersheyliciousHalloween." The campaign introduces Halloween practices to its Indian audience in an effort to uphold the festival's global tradition of festivity. The company also launched the "Voice the Hershey's Monsters" competition, which encourages viewers to remix the brand's posted reel and become inventive by adding voiceovers to it.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2021 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | TypeCategoryApplicationRegion |
| Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa and South America |
| Country Scope | United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Netherland, Switzerland, China, India, Japan, South Korea, Australia, New Zealand, Thailand, Saudi Arabia, UAE, South Africa, Qatar, Kuwait, Brazil, Argentina, Colombia |
| Key Companies Profiled | THE HERSHEY COMPANY, PURATOS, ADM, PT Davomas Abadi Tbk, Godiva, Barry Callebaut, Mars, Incorporated, Cargill, Incorporated, pladis global, The Kraft Heinz Company, FrieslandCampina, Britannia Industries, Schreiber Foods Inc., Toms International, JBCOCOA Sdn. Bhd., Nestle, Lake Champlain Chocolates, Petra Foods Limited., Palsgaard, Artisan Confections, etc |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope
In this report, the global Chocolate Ingredients market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Chocolate Ingredients Market, By Type
- Cacao
- Chocolate Ingredients Market, By Category
- Dark Chocolate
- Milk Chocolate
- White Chocolate
- Ruby Chocolate
- Chocolate Ingredients Market, By Application
- Confectionary Products
- Dairy & Baked Products
- Beverages
- Others
- Chocolate Ingredients Market, By Region
- North America
- The United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Netherlands
- Switzerland
- Asia-Pacific
- China
- Japan
- India
- Australia
- New Zealand
- South Korea
- Thailand
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Qatar
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
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