Compound Chocolate Market Size with Healthy CAGR of 6.90% by 2029, Size, Share, Demand, Rising Trends and Competitive Outlook
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Compound Chocolate market Market
Cocoa is a product obtained by processing the cacao tree's seeds. Cocoa originated in Latin America, but it is now grown in almost every tropical region, from West and Central Africa to Asia and Oceania. Cocoa seeds are used to make a variety of products, including cocoa liquor, cocoa butter, and cocoa powder.
Data Bridge Market Research analyses that the compound chocolate market was valued at USD 36.10 billion in 2021 and is expected to reach the value of USD 61.56 billion by 2029, at a CAGR of 6.90% during the forecast period of 2022-2029.
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Some of the major players operating in the compound chocolate market are:
- Cemoi Chocolatier (France)
- Republica del Cacao (Ecuador)
- Nestlé S.A. (Switzerland)
- Mars Incorporated (U.S.)
- Fuji Oil Holdings Inc. (Japan)
- Guittard Chocolate Co. (U.S.)
- Ghirardelli Chocolate Co. (U.S.)
- Varihona Inc. (France)
- Barry Callebaut AG (Switzerland)
- Alpezzi Chocolate SA De CV (Mexico)
- Kerry Group Plc (Ireland)
- Olam International Ltd. (Singapore)
- Tcho Ventures Inc. (U.S.)
Global Compound Chocolate Market Scope
The compound chocolate market is segmented on the basis of type, form, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Dark
- White
- Milk
Form
- Chocolate Chips/Drops/Chunks
- Chocolate Slabs/Bars
- Chocolate Coatings
- Other Forms
Application
- Bakery
- Confectionery
- Frozen Dessert and Ice Cream
- Beverages
- Cereals
- Other Applications
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Compound Chocolate Market Dynamics
Drivers
- Growing awareness about benefits of compound chocolate
The compound chocolate market is rising as people become more aware of the health benefits of eating cocoa-rich foods. Cocoa aids in the reduction of hypertension, chronic fatigue syndrome, sunburn protection, and other human health benefits. Polyphenols in cocoa serve to protect the body's tissues from oxidative stress and related diseases including cancer and inflammation. These reasons are also propelling the compound chocolate industry forward.
- Growing demand for blended chocolate
The technical benefits and simple manufacturing method that does not require tempering, there is an increasing demand for blended chocolate in industrial and bakery applications, which is projected to fuel compound chocolate market expansion. Furthermore, the increased price of cocoa butter, the market's limited supply of cocoa products, and the low price of blended chocolate have increased demand in the compound chocolate market.
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