Chocolate Ingredient Market
Chocolate Ingredient Market Study by Cocoa Butter, Cocoa Powder, and Cocoa Liquor for Food & Beverages, Pharmaceuticals, Nutraceuticals, and Cosmetics & Personal Care from 2024 to 2034
Analysis of Chocolate Ingredient Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Chocolate Ingredient Market Outlook (2024 to 2034)
The global chocolate ingredient market has been projected to reach a size of US$ 16.8 billion in 2024. Forecasts are that the market will increase to a value of US$ 23.69 billion by the end of 2034, expanding at a CAGR of 3.5% over the next ten years (2024 to 2034).
Theobroma cacao, also known as the cocoa tree, is indigenous to the equatorial regions of North America. It produces cocoa seeds. Cocoa liquor is made from the dried, fermented seeds of the cacao tree. This cocoa liquor is used to make cocoa butter and powder. The main component used to make chocolate is cocoa liquor. Ingredients containing cocoa, such as cocoa liquor, cocoa butter, and cocoa powder, are frequently used in bakery fillings, confections, and beverage flavorings. The flavoring and coloring of cosmetics, medications, healthcare products, and nutraceuticals are other industries that use cocoa.
Key Market Growth Drivers
- Increasing sales of chocolate worldwide are expected to be the key factor driving global chocolate ingredient market growth.
- Due to the rising popularity of chocolate for gifting purposes, there is a growing demand for healthy ingredients in chocolate products, and creative packaging is also fueling the market.
- Demand for chocolate is growing steadily because there is an increasing demand for chocolates in bakery and confectionery-based applications.
- Use of cocoa ingredients in pharmaceutical applications is showing improvement in the market as these ingredients are being used more frequently in medications addressing heart health and gastrointestinal issues.
- Toiletries are also using cocoa because of its flavor and scent. The increasing and widespread use of cocoa is one of the key drivers of the world market for cocoa. There is extensive usage of chocolates in a wide range of sectors, including bakery, confectionery, desserts, seasoning, and others.
| Report Attribute | Detail |
|---|---|
| Chocolate Ingredient Market Size (2024E) | US$ 16.8 Billion |
| Projected Market Value (2034F) | US$ 23.69 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.5% CAGR |
| East Asia Market Growth Rate (2024 to 2034) | 3.8% CAGR |
| North America Market Share (2024E) | 24.4% |
| Cocoa Powder Segment Value (2024E) | US$ 9.19 Billion |
| Food & Beverage Segment Value (2024E) | US$ 11.76 Billion |
| Key Companies Profiled | The Hershey Company; Ferrero SPA; Ecom Cocoa; Guan Chong Berhad; Blommer; Mondelez; Cemoi; Puratos; Guittard; JB Cocoa; Barry Callebaut; Cargill Incorporated; Olam; Petra Foods Cocoa Ingredients; Nestle S.A.; Puratos Group. |
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What are the Prevailing Trends in the Market for Chocolate Ingredients?
“Perception of Chocolate as Comfort Food and Increased Product Innovation”
Since chocolate is one of the most popular and extensively consumed foods across the globe, cocoa is one of the flavors that is most frequently used in a variety of food and beverage products. Leading food and beverage manufacturers are adding cocoa flavor to many of their products and classic recipes to draw in more consumers. This is a key chocolate ingredient market trend.
Chocolates are regarded as the best comfort food because they are a flavor that consumers all over the world love. The demand for different cocoa-based products is expected to rise globally, and in the end, explosive growth in the cocoa industry is predicted for the coming years. The growing popularity of chocolate and the rising production of cocoa are contributing to the expansion of the chocolate ingredient market size.
Which Key Challenge is Faced by Manufacturers of Chocolate Ingredients?
“Unfavorable Weather Conditions Causing Disruptions in Cocoa Production”
There is a swift alteration in the global market due to demand and production, cocoa prices have been volatile in recent times. Unfavorable weather, labor shortages, and crop diseases are just a few of the variables that continue to have an impact on cocoa production yield and disrupt the normal flow of supply and demand in the market. Since cocoa is the basic ingredient used to make chocolate, changes in its price will have an impact on market expansion.
Future demand for chocolate ingredients is being influenced by the growing number of health-conscious consumers. The two most widely used ingredients in chocolates and other cocoa-based products on the market are cocoa liquor and cocoa butter.
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Country-wise Insights
Sales of chocolate ingredients in North America are expected to reach US$ 4.1 billion in 2024. The region is estimated to hold a market share of 24.4% in 2024. Meanwhile, East Asia is poised to hold 22.9% chocolate ingredient market share in 2024. Coffee shops and cafés are the fastest-growing foodservice segments, particularly in South Asian & Pacific countries.
What are the Opportunities for Manufacturers of Chocolate Ingredients in the United States?
“Rising Number of Cocoa Farmers and Focus on Advanced Cultivation Methods”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.84 Billion |
| Growth Rate (2024 to 2034) | 3.9% CAGR |
| Projected Value (2034F) | US$ 2.71 Billion |
The United States is estimated to account for a market share of 45% in North America in 2024 due to the rising number of cocoa farmers and their advanced cocoa cultivation methods in the United States which is expected to drive global demand for chocolate ingredients through the forecast period.
- According to a report released by the United States Department of Agriculture (USDA), cocoa liquor is primarily used in the food and beverage industry, but it is also gradually finding its way into other sectors, including cosmetics and pharmaceuticals, as a coloring and flavoring agent.
Why is Japan a Key Market for Producers of Chocolate Ingredients?
“Growing Preference for Dairy-free Chocolate Products”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 1.13 Billion |
| Growth Rate (2024 to 2034) | 4% CAGR |
| Projected Value (2034F) | US$ 1.67 Billion |
Japan is expected to have a key influence on the East Asia market with a revenue share of 29.4% in 2024. People in Japan prefer plant-based food products due to a significant shift towards dairy-free chocolate products, thus cocoa is a good alternative to that. The country is also going through a lot of innovations in the better-for-you category, which is also driving the growth of the market. Key market players in Japan are also focusing on hypermarkets/supermarkets to expand sales of chocolates.
Category-wise Insights
The market for chocolate ingredients is categorized into cocoa butter (14.1% share), cocoa powder (54.7%), and cocoa liquid (31.2%) by product. The food & beverages segment, based on application, is set to hold a significant chocolate ingredient market share of 70% in 2024. Pharmaceuticals and nutraceuticals are estimated to account for a collective 17% market share in 2024.
Why is Demand for Cocoa Powder Rising Globally?
“Increasing Use of Cocoa Powder in Functional Foods & Beverages”
| Attribute | Cocoa Powder |
|---|---|
| Segment Value (2024E) | US$ 9.19 Billion |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034F) | US$ 13.05 Billion |
Cocoa powder is primarily used in the food and beverages industry. In addition, as cocoa powder is becoming more widely used in functional foods and beverages, its consumption is growing. As it contains important minerals for the body such as copper, magnesium, sodium, potassium, and other vitamins, cocoa powder is highly sought after in the pharmaceutical industry due to its multiple uses.
Several studies have found that polyphenols, such as those found in cocoa, can lower your risk of neurodegenerative diseases by improving brain function and blood flow. Flavanols can cross the blood-brain barrier and play a role in the biochemical pathways that produce neurons and other molecules essential to brain function. Furthermore, flavanols influence the production of nitric oxide, which relaxes the muscles of your blood vessels, improving blood flow and supply to the brain.
Where are Chocolate Ingredients Being Increasingly Used?
“Leading Food & Beverage Manufacturers Focusing on Innovation with Cocoa Flavor Addition”
| Attribute | Food & Beverages |
|---|---|
| Segment Value (2024E) | US$ 11.76 Billion |
| Growth Rate (2024 to 2034) | 3.5% CAGR |
| Projected Value (2034F) | US$ 16.51 Billion |
Well-known food and beverage manufacturers are incorporating cocoa flavor into their products and traditional recipes. Chocolates are regarded as the best comfort food due to their widespread popularity among consumers around the world. The global cocoa industry is expected to see an increase in demand for various cocoa products, leading to booming growth in the coming years. Given the rising popularity of chocolate and cocoa production, the global chocolate ingredients market is expected to grow significantly over the next few years.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competition Landscape
Key players in the chocolate ingredient industry are increasing their presence in the mainstream cocoa and chocolate industries, as well as expanding into the premium market segment. Major processors and manufacturers are expanding their product portfolios and market engagement through mergers and acquisitions, while simultaneously lowering production costs through scale efficiency.
- Bayer Callebaut, a global manufacturer of high-quality chocolate and cocoa products in April 2022, announced that it would build a new specialty chocolate factory in Ontario, Canada, to extend its North American footprint.
- In November 2021, Archer Daniels Midland Company (ADM) purchased Deerland Probiotics & Enzymes. The acquisition will support ADM's innovation leadership in dietary supplements and functional foods.
- In November 2021, The Ferrero Group ("Ferrero") announced a definitive agreement to acquire the remaining shares of Ice Cream Factory Comaker and related group companies (ICFC), an ice cream manufacturer.
Fact.MR provides detailed information about the price points of leading manufacturers of chocolate ingredients positioned across the world, sales growth, production capacity, and technological advancements, in this new market report.
Segmentation of Chocolate Ingredient Market Research
-
By Product :
- Cocoa Butter
- Cocoa Powder
- Cocoa Liquor
-
By Application :
- Food & Beverages
- Pharmaceuticals
- Nutraceuticals
- Cosmetics & Personal Care
-
By Distribution Channel :
- Traditional Trade
- Modern Trade
- Industrial
- Foodservice
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Application
- 6.2. Product
- 6.3. Distribution Channel
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 7.1. Food & Beverages
- 7.2. Pharmaceuticals
- 7.3. Nutraceuticals
- 7.4. Cosmetics & Personal Care
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product
- 8.1. Cocoa Butter
- 8.2. Cocoa Powder
- 8.3. Cocoa Liquor
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Distribution Channel
- 9.1. Traditional Trade
- 9.2. Modern Trade
- 9.3. Industrial
- 9.4. Foodservice
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Application, Product, Distribution Channel, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. The Hershey Company
- 20.2. Ferrero SPA
- 20.3. Ecom Cocoa
- 20.4. Guan Chong Berhad
- 20.5. Blommer
- 20.6. Mondelez
- 20.7. Cemoi
- 20.8. Puratos
- 20.9. Guittard
- 20.10. JB Cocoa
- 20.11. Barry Callebaut
- 20.12. Cargill Incorporated
- 20.13. Olam
- 20.14. Petra Foods Cocoa Ingredients
- 20.15. Nestle S.A.
- 20.16. Puratos Group
- 21. Assumptions and Acronyms Applicationd
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Distribution Channel, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Distribution Channel, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Distribution Channel, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Distribution Channel, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Distribution Channel, 2024 to 2034
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- FAQs -
How big is the chocolate ingredient market in 2024?
The global chocolate ingredient market is estimated at US$ 16.8 billion in 2024.
What are the sales projections for chocolate ingredients by 2034?
The market for chocolate ingredients is forecasted to expand at a CAGR of 3.5% to reach US$ 23.69 billion by 2034.
What is the projected growth rate for the market in the United States?
The market in the United States is forecasted to advance at 3.5% CAGR between 2024 and 2034.
What is the forecasted market size for chocolate ingredients in Japan?
The market in Japan is forecasted to reach a size of US$ 1.67 billion by 2034.
How much market share does cocoa powder account for?
Cocoa powder is estimated to account for 54.7% of the global market share in 2024.
What is the share of North America in the global market?
North America is forecasted to hold a market share of 24.8% by the end of 2034.
Who are the leading manufacturers of chocolate ingredients?
Guan Chong Berhad, Blommer, Nestle, and Mondelez are some of the key players in the market.
Chocolate Ingredient Market