Industrial Chocolate Market By Application (Confectionery, Biscuits and Bakery Products, Dairy and Desserts, Ice creams and Frozen Items, Cereals, and Other Industrial Chocolate Applications), By Distribution Channel (Online Trail and Offline Trial), and By Region - Trends, Analysis and Forecast till 2030

Industrial chocolate market accounted for USD 48.54 Billion in 2020 and is estimated to be USD 73.96 Billion by 2030 and is anticipated to register a CAGR of 4.3%.

Industrial chocolate is usually brown and sweet, they are made from cocoa liquor or paste. The paste/cocoa liquor undergoes a process called coaching in which butter along with other ingredients like sugar and powdered milk are added into it. The industrial chocolate industry has low technology barrier and is a labor-intensive industry. Currently, there are many producing companies in the chocolate industry. This rise in market value can be attributed to the rising need for plant protein and also the rising amount of health concerns and veganism worldwide.

Increasing demand of Organic Chocolates

The latest demand in organic and sugar-free chocolates are aiding the growth to the global industrial chocolate market. Due to the recent change in the lifestyle and consumption pattern, vendors in the market are constantly innovating in terms of trendy chocolate manufacturing. Moreover, there has been a huge demand for snack bars in chocolate flavors that are attracting youngsters globally. High advance technology has made it possible to grow their production. Growing awareness of the health benefits of pure and dark chocolate and rising disposable income of the population in developing countries are also boosting the growth of the global industrial chocolate market.

However, expensive raw materials and uncertain climatic condition and rising chocolate substitutes are expected to act as a restraint for the target market growth.

Industrial chocolate market is segmented on the basis of applications, distributional channel and region.

Based on applications, the industrial chocolate is segmented into confectionery products, biscuits and bakery products, dairy and desserts, ice cream and frozen items and cereals. Based on the distribution channel, the target market is segmented into online and offline retail.

Regional Insights:

The global industrial chocolate market accounted for US$ 48.54 billion in 2020 and is estimated to be US$ 73.96 billion by 2030 and is anticipated to register a CAGR of 4.3%. On region the global industrial chocolate market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically, the industrial chocolate market is expected to be a leading market across the globe. Regions like North America and Europe are the largest consumers of these type of products and the same is being propagated into the developing regions like Asia- Pacific and Latin America. Recently the developing regions have been in great demand by the producers and the trend of such consumption is passing on to the developing countries. Nevertheless, the size of the population and the rate of change in consumption pattern is pushing the demand for industrial chocolate consumption.

 Industrial Chocolate Market Report Scope:

Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global industrial chocolate market report based on application, distribution channel, and region.

Industrial Chocolate Market, By Region:

• North America
  • Middle East & Africa
    • GC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea\Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the global Industrial Chocolate market involves Barry Callebaut, Cargill, Cémoi, Clasen Quality Chocolate (CAC), Fuji Oil, Guittard Chocolate Company, Irca, Mondelz International, Nestlé, Petra Foods, Bloomer Chocolate, and Puratosgroup. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.

• Barry Callebaut
• Cargill
• Cemoi
• Clasen Quality Chocolate
• Fuji Oil
• Irca
• Mondelz International
• Nestle
• Petra Foods
• Bloomer Chocolate