North-American Industrial Chocolate Market Information by Type (Dark, Milk and White), By Application (Chocolate Bars and Flavoring Ingredients) and by Country - Forecast to 2022
— Synopsis of North-American Industrial Chocolate Market
Market research future published a Cooked Research Report on the North-American Industrial Chocolate Market that contains information from 2015 to 2022. The Global Market has been estimated at USD 18,434 Million in 2016. The North-American Industrial Chocolate Market is projected to reach USD 25,321 Million by 2022, at a CAGR of 5.45 % during the forecast period from 2016 to 2022.
Industrial chocolate market has been driven by various factors including creative packaging of chocolate bars that has been developing, keeping the psychology of the humans and their perception when they see certain colors. Improved processing technologies have also supported the growth of industrial chocolate market. Major chocolate manufacturers have a keen focus on the evolving market trends and responds accordingly to keep ahead of the competition.
The chocolate market in emerging countries has been growing greatly due to changing consumer preferences and lifestyle and global exposure to international brands in the recent years. Rise in disposable incomes, and surge in the sale of dark chocolates in the country are expected to drive the industry growth.
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Major chocolate manufacturers are investing in these markets to further broaden its growth opportunities backed by reasons with high consumption potential due to high existing population. Abundance of raw-materials like sweeteners, edible fats other than cocoa and cheap labor will enhance chocolate production and nearness to consumer markets will improve chocolate manufacturer’s profit margins.
Key Players and Competitive Analysis-
This report includes a study of strategies used in the market, mergers and acquisitions in industrial chocolate, multiple product launch by major industrial chocolate market players. It further includes product portfolios and developments of leading major players which includes:
• Foley’s Candies LP
• Nestle SA
• Barry Callebaut
• Guittard Chocolate Company
• Alpezzi Chocolate
• Republica del Cacao
• Scharffen Berger
Access the market data and market information presented through more than 60 market data tables and figures spread over 130 numbers of pages of the project report “North-American Industrial Chocolate Market Research Report”
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Market Research Analysis:
Growing demand across various industries including personal care products for face creams to lipsticks and others and rising demand from the downstream markets for processed food and beverages has supported growth of North-American Industrial Chocolate Market.
Industrial chocolate is primarily used in-house by vertically integrated manufacturers or sold to third parties to create finished chocolate products. Food service providers, such as artisans, chefs, and food manufacturers who create end-consumer products such as bakery products, chocolate confectionery, ice cream, and beverages, are the primary consumers of industrial chocolate. One of the latest developments in this market is the growing demand for organic and sugar-free chocolates.
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Release ID: 179419