Industrial chocolate, also known as compound chocolate, is a type of chocolate that is used in industrial applications such as confectionery, ice cream, bakery products, and more. It is made from cocoa and vegetable fats, such as palm oil, and is usually less expensive than other forms of chocolate. Industrial chocolate is used as a coating, as a substitute for cocoa butter, as a flavoring agent, and as a stand-alone product.
Industrial chocolate is used in a variety of ways in the food industry. It is often used as a coating on baked goods, ice cream, and candy. It is also used as a flavoring agent in coffee, tea, and other beverages. It can be used to add texture, flavor, and color to a variety of products, such as cookies, cakes, and pastries.
Industrial chocolate is popular in many countries around the world. It is one of the most extensively used ingredients in food production. In the United States, it is a common ingredient in many food products, including candy bars, cookies, cakes, and ice cream. In Europe, it is used in confectionery products, such as truffles, pralines, and nougat. In Asia, it is used in the production of chocolate-flavored snacks and desserts.
The global industrial chocolate market was valued at USD 1.3 billion in 2018 and is expected to reach USD 1.7 billion by 2025, at a CAGR of 4.1% during the forecast period. The growing demand for chocolates and chocolate products, increasing disposable income, and the growing trend of consuming healthy snacks are some of the key factors driving the growth of the industrial chocolate market.
The global Industrial Chocolate market was valued at US$ 60530 million in 2022 and is anticipated to reach US$ 83240 million by 2029, witnessing a CAGR of 4.6% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Industrial Chocolate Market available at: https://www.themarketreports.com/report/global-industrial-chocolate-market-research-report
This report aims to provide a comprehensive presentation of the global market for Industrial Chocolate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Chocolate.
The major global companies of Industrial Chocolate include Barry Callebaut, Cargill, Nestle SA, Mars, Hershey, Blommer Chocolate Company, FUJI OIL, Puratos, Cémoi, Irca, Foley’s Candies LP, Olam, Kerry Group, Guittard, Ferrero, Ghirardelli, Alpezzi Chocolate, Valrhona, Republica Del Cacao, TCHO etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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