The North American Compound Chocolate Market: Growth, Trends and Forecast (2018-2023) - Projected to Register a CAGR of 3.8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 8, 2018--The “North America Compound Chocolate Market - Growth, Trends and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The North America compound chocolate market is projected to register an estimated CAGR of 3.8%, during the forecast period of 2018-2023.
Increasing demand of low priced cocoa based products has increased the demand of compound chocolates globally. The major market drivers include, increased price of cocoa butter, limited supply of cocoa products in the market, cheaper price of compound chocolates, and increasing demand in industrial and bakery applications.The technical advantage of non-requirement of tempering and easy manufacturing process has increased the industrial demand of compound chocolates. However, the regulation on addition of vegetable fats in chocolate by various regulatory authorities has restrained the growth of the compound chocolate market.Other than the regulation on vegetable fats, major factors restraining the market growth include, unhealthy nature of cheap vegetable fats, along with consumer preferences for the pure chocolates, among others.The compound chocolates are used in industrial applications of bakery and confectionery products, as direct chocolate end consumers, and in ice creams. The increased demand of coatings & coverings for the bakery products has raised popularity of compound chocolates among bakery applications.The market is sub-segmented on the product type, as compound chocolate chips, coatings, slabs, and others. The chocolate chips are used in products, such as ice cream, biscuits, and cookies. Chocolate slabs are utilized commercially by manufactures for industrial applications, where it is melted and further processed into final product.
By flavor, the market can be segmented into dark, white, milk, and others. White chocolate has found increasing consumer preference in bakery & confectionary applications, owing to its full cream flavor characteristic.
Key Topics Covered
2. Research Approach and Methodology
3. Key Findings
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company ProfilesCargillPuratosClasen Quality ChocolateSanta Barbara ChocolateBlommer Chocolate CompanyThe Barry Callebaut GroupAalst ChocolateSephraChocoleyUnigra
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Related Topics:Chocolate and Cocoa Products
KEYWORD: NORTH AMERICA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/08/2018 05:07 AM/DISC: 11/08/2018 05:07 AM