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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChocolate 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
The global
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
Dark chocolate contains antioxidants that can keep one safe from the sun. They improve the blood flow to the skin, which increases hydration and skin density. One can get a lot of fiber from premium dark chocolate, which is healthy for the diet. High concentrations of manganese, copper, magnesium, iron, selenium, zinc, and potassium can give a boost to one’s body. These benefits are helping the market to grow as consumers prefer products which are healthy and suitable for their palette. Along with that according to the International Diabetes Federation, around 74,194.7 thousand people in India had diabetes in 2021, up from 61,258.4 thousand in 2011, as a result, there is an increase in demand for chocolate that has been sweetened with sweeteners like stevia, monk fruit, and aspartame. These well-balanced, healthy ingredients found in premium chocolate contribute significantly to raising HDL (high-density lipoprotein) and preventing LDL (low-density lipoprotein) from oxidation. They also lower the risk of high cholesterol and low blood pressure, which draws customers with diabetes.
Usage Of Different Flavor Combinations and Fruit Is Fueling the Market Growth
Different tastes are utilized to make chocolate, but hazelnut is still the clear favorite among confectioners and chocolatiers because it has a smooth, delightful flavor and texture that makes the finished product irresistible to consumers. For instance, in many of Ferrero's trademark products, such as Nutella, Ferrero Rocher, and Kinder Bueno, hazelnuts are a key component. Along with that around 25% of the hazelnuts produced worldwide are used to make Ferrero’s products. However, nougat, coconut, caramel, and orange are the emerging flavors in the world of chocolate spreads which are preferred by people who want to explore a distinctive flavor offered by market players. Due to this significant reason the global chocolate ingredients market is growing at an exponential rate.
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
The global chocolate ingredients market is segmented based on type, category, application region, and competitional landscape. Based on type, the market is further fragmented into Cacao, Milk, Lecithin, Flavors and Others (Natural & Artificial Flavor, Vegetable Oil, etc.) Based on Category, the market is segmented into Dark Chocolate, White Chocolate, Milk Chocolate and Ruby Chocolate. In terms of application, the market is divided into Confectionary Products, Dairy & Baked Products, Beverages, and Others (Pharmaceuticals, Cosmetic & Personal Care, etc.). The market analysis also studies the regional segmentation to devise regional market segmentation, divided among 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
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- 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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