North America Real and Compound Chocolate Market to Witness Comprehensive Growth Rate of 6.9% by 2022
North America Real and Compound Chocolate Market – by type (Milk Chocolate, Dark Chocolate), Form (Bars), Application (Bakery/Pastry, Food & Beverages), Packaging (Single/Multiples) and Country Forecast to 2022
Pune, India – September 28, 2017 /MarketersMedia/ —
Market Overview
In production market, North America primarily imports cocoa from countries such as Ghana, Ivory Coast, Indonesia, South America and West Africa. Real chocolates prevent cardiovascular diseases as they have a high content of antioxidants in it. They are easily digestible and are the most nutritious. Some of the nutrients are minerals (calcium, potassium, sodium, magnesium, iron, zinc, copper, chromium and phosphorous), vitamins (A1, B1, B2, C, D & E) and complex alkaloids. It has been reported in the recent past that the cocoa bean prices are rising, which is influencing the manufacturers to raise the chocolate prices further. Ultimately, the burden is shifted to the consumer side owing to their high demand for chocolate products.
To lessen the production cost, manufacturers are incorporating cocoa butter replacements such as vegetable fat and oil for producing chocolates as a price lower compared to real chocolates. Rising demand from bakery and confectioneries coupled with emerging demand from youth population has resulted the demand for both real and chocolate market in recent past and is expected to continue the same trend over the forecast period. Such factors are expected to aid the North American real and compound chocolate market over the forecast period.
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Competitive Analysis-
The major key players in Real and Compound Chocolate Market are
Mondelez International Inc.
Puratos
Barry Callebaut
Mars Inc.
Nestle
Market Forecast
The North-American Real and Compound Chocolate Market has witnessed continued demand during the last few years and is projected to reach 6,246 kilo tons at a CAGR of 6.90% by 2022 in terms of production volume. North-American real and compound chocolate market has witnessed substantial innovation in inclusion of various ingredients including cocoa and cocoa-substitutes. Real chocolate dominates the American market. North-American real chocolate market has witnessed substantial innovation in ingredients including cocoa and its derivatives and vegetable fats. It has been seen that the healthy foods perception related to dark chocolate attached to these products capture huge consumer attention.
Regional Analysis
U.S. has unique position in the North-American industrial chocolate market followed by Canada. U.S. and Canada together forms the largest market not only in North-America but also compete with European countries leading in industrial chocolate market in terms of exports. U.S. being one of the largest chocolate producers and consumers will gain traction for industrial chocolate production. By 2022, U.S. will continue to dominate the industrial chocolate market with a share of 71% and projected to grow to 2,582 Kilo Metric tons.
By Downstream Analysis-
North American Real and Compound Chocolate Market can be segmented on the basis of main ingredients, form, type, application and packaging. Here, real and compound chocolates can be differentiated by their main ingredient types. Real chocolate includes cocoa beans, sweetened cocoa powder, cocoa butter, fat and oil, cocoa paste and vegetable fat. The inclusion of vegetable fat in real chocolate is considered very less compared to the compound chocolate product categories. On the hand, compound chocolate consists of non-sweetened cocoa powder, non-cocoa powder chocolate, vegetable fat and filled chocolates. Type segment include dark, white and milk chocolates. These chocolates are usually available for sale in the form of balls, bars, flakes and coins. Real and chocolate products can be used for a wide variety of applications which are bakery/pastry, food & beverage, cosmetics, pharmaceuticals and others. They can be packaged according to their shape, size and form. Some of the packaging forms can be listed as single/multiples, boxes and family blocks. The volatility in cocoa bean prices has instigated the manufacturers to involve in verticalization with the cocoa raw material suppliers to avoid any raw material hassles in future years.
Brief in TOC North America Real and Compound Chocolate Market:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Market Dynamics
5 Market Factor Analysis
6 North America Real and Compound Chocolate Market, By Main Ingredient
7 North American Real and Compound Chocolate by Type 64
Continued….
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