LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global compound chocolate market since 2018 and the market is poised to grow by USD 3.73 billion during 2019-2023, progressing at a CAGR of nearly 5% during the forecast period. Request free sample pages
Read the 114-page report with TOC on “Compound Chocolate Market Analysis Report by Product (milk, dark, and white compound chocolate), Geography (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2019-2023”.
The market is driven by the expansion of retail space in APAC. In addition, the growing trend of premiumization is anticipated to boost the growth of the compound chocolate market.
The strong economic growth of countries in APAC is providing new growth opportunities for several market players. This is attracting many global retail market players to open new stores in the region. The expansion of supermarkets, hypermarkets, and convenience stores have increased the availability of a wide range of compound chocolates. In addition, the growing popularity of e-commerce is increasing the sale of compound chocolates in the region. Thus, the expansion of retail space in APAC is one of the key factors that is fueling the growth of the market.
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Major Five Compound Chocolate Companies:
Barry Callebaut owns and operates the business across segments such as EMEA, Americas, APAC, and Global Cocoa. The company offers a wide range of dark compound chocolates, white compound chocolates, and milk compound chocolates.
Cargill, Incorporated. owns and operates the business across various segments such as Animal Nutrition & Protein, Food Ingredients & Applications, Origination & Processing, and Industrial & Financial Services. The company offers a range of compound chocolates under its brands, Wilbur and Peter's.
MagicalButter.com, PBC operates the business across segments such as Chocolate and Herbs. The company offers a range of milk compound chocolates, dark compound chocolates, and white compound chocolates.
Nestlé owns and operates the business across various segments such as AMS, EMENA, AOA, Nestlé Waters, and Other businesses. The company offers a wide range of dark compound chocolates, milk compound chocolates, and white compound chocolates.
PURATOS operates the business across various segments such as Bakery Ingredients, Patisserie Ingredients, and Chocolate. The company offers a range of compound chocolates under its brand, Carat.
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Compound Chocolate Product Outlook (Revenue, USD Billion, 2019 - 2023)
- Milk compound chocolate
- Dark compound chocolate
- White compound chocolate
Compound Chocolate Regional Outlook (Revenue, USD Billion, 2019 - 2023)
- North America
- South America
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