LONDON--(BUSINESS WIRE)--The global industrial chocolate market size is poised to grow by 2059 thousand tons during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period.
Read the 138-page research report with TOC on "Industrial chocolate Market Analysis Report by application (confectionery, biscuits and bakery products, dairy and desserts, ice creams and frozen items, and cereals and other industrial chocolate applications), entity (integrated industrial chocolate, and open industrial chocolate), and geography (North America, Europe, APAC, MEA, and South America) 2019 - 2023". Request a Free Sample Report
The market is driven by the technological innovations in the industrial chocolate supply chain. In addition, the rising demand for ruby chocolates is expected to further boost the growth of the industrial chocolate market.
The industrial chocolate market is witnessing significant technological advancements, which are fueling the growth of the market. Some of the latest technologies are blockchain and traceable cocoa. Industrial chocolate is prone to cross-contamination during logistics and warehousing. The introduction of blockchain technology will enhance transparency in logistics. The technology tracks information at each point, from harvesting, packaging, and storing in warehouses to placements in shops and other points of purchase. Thus, the emergence of such technologies will fuel the growth of the industrial chocolate market during the forecast period.
Ruby chocolate is gaining immense popularity among food manufacturers such as bakers and cookie companies. This chocolate is also in high demand among consumers and artisanal brands because of its unique flavor and color. Thus, the growing demand for ruby chocolate among manufacturers is expected to boost the market growth.
For More Information: Request Free Sample Pages
The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Barry Callebaut AG
- Cargill Inc.
- Cemoi Group
- Clasen Quality Coatings Inc.
- Fuji Oil Co. Ltd.
- Mars Inc.
- Mondelēz International Inc.
- NATRA SA
- Nestlé SA
- The Hershey Co.
Market Segmentation by Entity:
The industrial chocolate market can be broadly categorized into the following segments:
- Integrated industrial chocolate
- Open industrial chocolate
Key Regions for the Industrial Chocolate Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Consumer Staples are:
Chocolate Market – Global Chocolate Market by product (milk chocolate, dark chocolate, and white chocolate) and geography (the Americas, APAC, and EMEA).
Compound Chocolate Market – Global Common Chocolate Market by product (milk, dark, and white compound chocolate) and geography (APAC, Europe, MEA, North America, and South America).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.