Bakery Industry Fuels Growth in Compound Chocolate Market

Compound Chocolate is a product made from a combination of cocoa, vegetable fat and sweeteners. Compound chocolate uses less expensive hard vegetable fats and palm kernel oils and are lower-cost alternative to real chocolate which contains expensive cocoa butter. Compound chocolate is used as candy coatings. Compound coatings, substitute chocolate liquor and cocoa butter with cocoa powder and vegetable oil.

The Key trends Analysis of Compound Chocolate also provides dynamics that are responsible for influencing the future Sales and Demand of Compound Chocolate market over the forecast period.

Market Overview :-

The recent study by Fact.MR on Compound Chocolate Market Demand offers a 10-year forecast. This Compound Chocolate market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis along with key stakeholders as well as emerging players associated with the manufacturing of product.

Compound chocolate coatings are used to coat biscuits, cookies, dry fruits and nuts. Chocolate slabs are utilized commercially for industrial applications, where it is melted and further processed into final product. Compound chocolate is manufactured in different flavors. White compound chocolate has found increasing consumer preference in bakery and confectionery applications, owing to its full cream flavor characteristics.

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Factors driving the growth of global compound chocolate market are low price of compound chocolate, increased price of cocoa butter, limited supply of cocoa products in the market and increasing demand in industrial and bakery applications. Real chocolate requires a painstaking process called tempering -the careful melting of the chocolate to obtain proper crystallization of butter crystals.

Whereas compound chocolate has a technical advantage of non-requirement of tempering and easy manufacturing process which has increased the demand for industrial compound chocolate. Compound chocolate is available in several forms such as chips, slabs, bars and others.

Critical insights enclosed in the report:

• In-depth assessment of the leading Key players Analysis in Compound Chocolate Market
• The regional analysis of the different market segments and sub-segments
• Recent mergers, acquisitions, collaborations, partnerships, and R&D activities.
• SWOT analysis of the prominent players in the Compound Chocolate market
• Y-o-Y revenue growth of Compound Chocolate market during the forecast period

The report covers following Compound Chocolate Market insights and assessment that are helpful for all participants involved in the Compound Chocolate market:

• Data on recently introduced regulations and their impact on key industries and on demand in Compound Chocolate
• Latest industry Analysis on Compound Chocolate Market , with key analysis of market drivers, trends, and influencing factors
• Key trends Analysis of Compound Chocolate market and changing consumer preferences in major industries.
• Changing Compound Chocolate demand and consumption of diverse products
• Major trends underlining funding by key investors in numerous countries
• New investment opportunities in diverse technology and product or service types
• Comprehensive data and Competitive analysis of Compound Chocolate major players

Compound Chocolate Market: Segmentation

Compound chocolate is segmented on the basis of vegetable fats used in manufacturing:

• Palm kernel oil
• Coconut Oil
• Vegetable oil
• Hydrogenated palm oil
• Others cocoa butter substitutes

Compound chocolate is segmented on the basis of Product Type:

• Chips
• Coatings
• Slabs
• Bars
• Others

Compound chocolate is segmented on the basis of flavor:

• Dark
• Milk
• White
• Others

Compound chocolate is segmented on the basis of application:

• Candy Making
• Confectionery
• Coating Purposes (biscuits, candy, nuts etc.)
• Bakery Products

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Further, the Compound Chocolate market Survey report emphasizes the adoption pattern And Demand of Compound Chocolate Market across various industries.

Competitive Landscape Analysis On Compound Chocolate Market:

To provide decision-makers with credible insights on their competitive landscape, the Compound Chocolate industry research report includes detailed market competitive landscape analysis.

The competitive landscape analysis for Compound Chocolate Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players.

Leading Companies Profiled in the Compound Chocolate Market are:

A comprehensive estimate on Demand of Compound Chocolate market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Compound Chocolate market. Price point comparison by region with global average price is also considered in the study.

Compound Chocolate Market: Regional Outlook

Increased consumption of cocoa products and the European food law has provided an opportunity for the growth of compound chocolate market in Europe. Additionally increased cocoa butter prices and advanced technology offers great potential for compound chocolate market. Asia Pacific accounts for the highest production of compound chocolate.

As chocolate remains one of the top selling confectionery items after sugar confectionery. There is scope improvement and steady development in the compound chocolate market, in terms of penetration in countries like Kenya, Nigeria, Saudi Arabia and other MEA markets.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study.

Regional Segments Analyzed Include

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Key Manufacturers

• Barry Callebaut
• Cargill
• ADM
• Palsgaard
• Fuji Oil
• Blommer Chocolate Company
• Bellcolade
• Puratos
• Yake China Co.
• Beryl’s Chocolate & Confectionery
• Benns

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Key Question answered in the Survey of Compound Chocolate market Report By Fact.MR :

• Compound Chocolate Company & brand share analysis: Company and brand share analysis on Compound Chocolate reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
• Outlook of Compound Chocolate Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Compound Chocolate Market
• Compound Chocolate Category & segment level analysis: Fact.MR’s Compound Chocolate market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify Compound Chocolate sales potential and set sales targets at local, country, and regional level.
• Compound Chocolate Consumption by demographics: The outlook of Compound Chocolate market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
• Post COVID consumer spending on Compound Chocolate market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
• Manufacturing trend analysis of Compound Chocolate : Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
• Compound Chocolate market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Compound Chocolate manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
• Compound Chocolate demand by country: The report forecasts Compound Chocolate demand by country giving business leaders the Compound Chocolate insights to know fast-growing, stable, and mature markets

Compound Chocolate Market: Dynamics

Chocolate manufacturers are up-grading and innovating, either by premiumization or elevating product position in the product marketing. Compound chocolate manufacturers are marketing their product by promotion of existing features of a product to promote health and wellness. Vegetable and chocolate combination are becoming popular across a range of categories of compound chocolate.

The savory trend is likely to stay in the global chocolate market. Combining Innovative flavors such as salted caramel and bacon associated with chocolate in one bar is a key strategy of manufacturers. Scarcity and high cost of cocoa butter has given chocolate industry a new moving trend of compound chocolate.

The food manufacturers, and other food industries prefer compound chocolate, over other chocolate products or intermediates, because of its high melting point, as it suits well with region’s hot climate.

Although the compound chocolate market does face a challenging environment due to stagnating market in Europe and export markets. Compound chocolate confectionery manufacturers are particularly exposed to high cocoa bean prices.

The chocolate industry also faces increased legislation and regulation due to the public debate around sugars and fats. Researchers are working on producing fine quality compound chocolate by using cocoa butter substitute combining with cocoa butter. However, researchers are still investigating the best formulation, a method of extraction, physical properties, and sensory perception of the compound chocolate.

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