DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Compound Chocolate Market - By Product Type, Application and Geography-Market Shares, Forecasts And Trends (2015 - 2020)" report to their offering.
The global Compound chocolate market is expected to grow at a CAGR of 4% during the forecasted period 2015-2020. Compound chocolates are the chocolate substitutes that are made of cocoa or carob with vegetable fat and sweeteners.
The global compound chocolate market is moving at a faster rate. The demand for chocolates is continuously increasing in the developing countries due to emerging economy and the limited supply of cocoa ingredients. Scarcity and high cost of cocoa butter has given chocolate industries a new moving trend of compound chocolate. Increased demand for the industrial application has boosted the market growth. Generally the chocolates are produced in the form of large slabs, chips and coverings.
Increasing demand of low priced cocoa based products has increased the demand of compound chocolates globally. The major market drivers includes increased price of cocoa butter, limited supply of cocoa products in the market, cheaper price of compound chocolates and increasing demand in industrial and bakery applications. The technical advantage of non-requirement of tempering and easy manufacturing process has increased the industrial demand of compound chocolates. However, the regulation on addition of vegetable fats in chocolate by various regulatory authorities has restrained the growth of the market.
The key players in the market are Cargill Incorporated (U.S), Puratos (Belgium), Barry Callebaut (Switzerland), Nestle (Australlia), Meji Co., (Japan), and Ferrero Rocher among others. The major competitors prefers investment in new product development with more functional properties and marketing strategy for maintaining their market position.
2. Research Approach and Methodology
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
5. MARKET SEGMENTATION
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/6v32n9/global_compound