IMARC Group, a leading market research company, has recently releases report titled “Industrial Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global industrial chocolate market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the industrial chocolate market?
The global industrial chocolate market size reached US$ 7.68 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.59% during 2023-2028.
What are the growth prospects and trends in the industrial chocolate industry?
The industrial chocolate market is driven by the growing consumer demand for premium and high-quality chocolate products. Moreover, the increasing disposable incomes and changing lifestyles have led to a rise in the consumption of indulgent treats, including chocolates, thus catalyzing the market. In response, manufacturers are constantly innovating to meet evolving consumer demands, offering a diverse range of flavors, textures, and formulations. Furthermore, the increasing focus on sustainability and ethical sourcing is supporting the market as with heightened awareness about environmental impact and social responsibility, consumers are demanding transparency and accountability in the chocolate supply chain. Additionally, investments in research and development to develop new formulations, improve production efficiency, and explore novel flavor combinations are creating a positive market outlook.
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What is Industrial Chocolate?
Industrial chocolate refers to chocolate products specifically produced and tailored for commercial and industrial use. It is distinct from consumer chocolate bars or confections found in retail stores. Industrial chocolate is manufactured in large quantities and is designed to meet the specific needs of various industries, including confectionery, bakery, food service, and manufacturing. It is formulated with carefully selected ingredients such as cocoa solids, cocoa butter, sugar, and sometimes milk powder or other additives. It undergoes precise processing techniques to achieve specific characteristics, such as viscosity, melting properties, and flavor profiles. It serves as a primary ingredient in the production of confectionery items such as chocolate bars, truffles, pralines, and fillings. It is also utilized in the bakery industry for enrobing, flavoring, and decoration purposes, including coating cookies, cakes, and pastries.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Product Type:
- Cocoa Powder
- Cocoa Liquor
- Cocoa Butter
- Compound Chocolate
Market Breakup by Application:
- Bakery Products
- Confectionery
- Bakery Premixes
- Beverages
- Frozen Desserts and Ice Creams
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Berry Callebaut AG
- Campco Chocolates
- Cargill Incorporated
- Cemoi Chocolatier
- Clasen Quality Chocolate
- Foleys Candies LP
- Fuji Oil Co. Ltd.
- Guittard Chocolate Company
- Kerry Group PLC
- Natra SA
- The Hershey Company
Browse the full report with TOC & List of Figures: https://www.imarcgroup.com/industrial-chocolate-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Article source: https://article-realm.com/article/Business/47418-Industrial-Chocolate-Market-Size-Share-Trends-Industry-Analysis-and-Forecast-2023-2028.html
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