Compound chocolate is a product made from a combination of cocoa, vegetable fat, and sweeteners. It is used as a lower-cost alternative to true chocolate, as it uses less-expensive hard vegetable fats such as coconut oil or palm kernel oil in place of the more expensive cocoa butter. It may also be known as \"compound coating\" or \"chocolatey coating\" when used as a coating for candy. It is often used in less expensive candy bars to replace enrobed chocolate on a product.
Compound chocolate is mostly produced in developing regions, such as Asia-Pacific, which accounts for the highest production of compound chocolate. The countries in the region extensively export to developed countries, like the United States and Canada, among others. Increased advancement in technology and the chocolate crisis in the market have provided to be a great opportunity to the compound chocolate market. Asia-Pacific region accounts for major share, owing to its affordable cost, while the stringent regulatory barrier is being a big challenge for the market.
The report comprises of key players profiles namely consignment, price, revenue, profit interview records and sources of distribution. It helps clients get a better analysis of their competitors. In addition, it encompasses the regions and countries across the world and depicts the regional outlook, market size, volume, value and price data.
The Compound Chocolate market was valued at xxx million USD with a CAGR xx% from 2015-2019. Subsequently, it will touch xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Global market, the following companies are covered:
Cargill
ADM
Wilmar International
Barry Callebaut
Puratos Group
AAK
Clasen Quality Chocolate
Santa Barbara Chocolate
Aalst Chocolate
Market Segment by Product Type
Chocolate Chip
Chocolate Slab
Chocolate Coatings
Others
Market Segment by Application
Ice Cream & Frozen Desserts
Bakery
Compound Chocolate
Confectionery
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Compound Chocolate market for the forecast period 2020 - 2025?
• What are the driving forces in the Compound Chocolate market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Compound Chocolate industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?