Overview:

As per the Market Research Future (MRFR) analysis, the global real chocolate market reported revenue of USD 42.74 Billion by 2030 and is estimated to register a CAGR of 5.69% from 2022 to 2030. whereas, the global compound chocolate market recorded revenue of USD 13,078 million in 2021 and is projected to register a CAGR of 3.21% from 2022 to 2030 (forecast period).

Real Chocolate and Compound Chocolate Market Outlook are different products used in a variety of food and beverage applications, such as frozen desserts, dairy products, bakery and confectionery, beverages, chocolate-based syrups and spreads, and others. The difference between the products is based solely on the ingredients used. Real chocolate consists of milk powder, sugar, cocoa butter, and cocoa mass, while in compound chocolate, cocoa butter and cocoa mass are substituted by vegetable oils and cocoa powder.

Market Dynamics:

The market for compound chocolate is anticipated to witness a higher CAGR over the forecast period due to the affordable cost of compound chocolate and its growing use in less expensive chocolate-based products. In addition, the ability of compound chocolate to harden without tempering helps facilitate its use in ice creams, confectionery products, bakery products, and a few other frozen desserts. Compound chocolate effectively replicates the functional qualities of real chocolate at a lower price, which in turn boosts the growth of the compound chocolate market relative to the real chocolate market.

Segmentation:

The global market for real chocolate has been segmented based on type and application.

By type, the global market for real chocolate has been classified as dark, white, and milk.

Based on application, the global market for real chocolate has been segmented into bakery confectionery, dairy frozen desserts, syrups spreads, beverages, and others.

The global compound chocolate market has been segmented based on type and application.

By type, the global market for compound chocolate has been classified as dark, white, and milk.

By the application, the global market for compound chocolate has been segmented into, bakery confectionery, dairy frozen desserts, syrups spreads, beverages, and others.

Regional Analysis:

Region-wise, the global real and compound chocolate market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

In both, global Real Chocolate and Compound Chocolate Market Insights, Europe gained the largest revenue share of about 42% in 2018. Due to its health benefits, the strong demand for dark chocolate in Europe is one of the significant factors of the expansion of the regional market. Belgium, Germany, the United Kingdom, Italy, and Switzerland are major country-level markets that lead to the growth of the real compound chocolate market in Europe.

However, the Asia Pacific is projected to have the highest CAGR in the forecast period due to the growing expansion of market players in the region and the growth of application industries in the Asia Pacific.

Key Players:

Some of the leading participants in the global real compound chocolate market are Mars Inc. (US), Ferrero SPA (Italy), Mondelez International, Inc. (US), The Hershey Co. (US), Blommer Chocolate Company (US), Barry Callebaut AG (Switzerland), Nestle S.A. (Switzerland), Foley’s Candies Ltd (Canada), Guittard Chocolate Company (US), Alpezzi Chocolate (Mexico).

Major industry players in the real compound chocolate market have adopted strategies such as global expansion, new product releases, acquisitions, agreements, and RD to improve their business portfolio presence. Many companies operating in this sector are focused on extending their operations into new geographies, growing their capacities, and investing in research and development to deliver products with enhanced functionality.

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