North America Compound Chocolate Market Outlook Report - Market Size, Share Analysis and Forecast (2024-2032)

North America Compound Chocolate Market Outlook

The North America compound chocolate market size was valued at USD 7.51 billion in 2023. The market is further projected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of USD 12.75 billion by 2032.

Key Takeaways

• On average, an American consumes 9.5 pounds of chocolate each year.

• Oreo holds around 15% share of the chocolate confectionery market within the US meal delivery sector, nearly double that of Hershey's (7.9%) and Fry's (7.4%).

• In December 2022, Barry Callebaut announced a USD 70 million investment in its Chatham, Ontario factories in Canada. This funding is aimed at expanding its liquid chocolate and moulding production lines, as well as enhancing the production of dairy-free chocolate compounds.

Preference of Compound Chocolate Over Courverture Chocolate

The stability of compound chocolate surpasses that of courverture chocolate due to the absence of milk fat, which is prone to oxidation. This attribute grants compound chocolate a more extended shelf life compared to courverture chocolate. Furthermore, it possesses a lower moisture content than courverture chocolate, reducing its tendency to melt at room temperature. This quality facilitates the use of compound chocolate in food products that need to remain solid at room or cooler temperatures.

The cost of compound chocolate is more budget-friendly than that of courverture chocolate, attributed to the use of less expensive ingredients in its production. Consequently, compound chocolate represents a cost-effective option for the food industry, aiding the North America compound chocolate market growth.

United States Bakery Market Overview

The bakery market in the US is projected to expand at an annual growth rate of around 3% from 2024 to 2032. Within this market, bread and rolls, along with cakes, pastries, and sweet pies, represent the two most significant segments. As baked products remain essential in the majority of homes, the trend towards healthier options within this sector offers an easy method for individuals to pursue their health and wellness objectives, with a significant focus on reducing sugar intake.

The leading players in the North American bakery market includes Associated British Foods plc, Finsbury Food Group Plc, General Mills, Inc, Grupo Bimbo, S.A.B. de C.V, and Mondelēz International, Inc.

Market Segmentation

North America Compound Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Dark

• Milk

• White

Market Breakup by Form

• Chocolate Chips

• Chocolate Drops

• Chocolate Chunks

• Chocolate Slab

• Chocolate Coatings

• Others

Market Breakup by Application

• Bakery

• Confectionery

• Frozen Desserts and Ice Cream

• Beverages

• Cereals

• Others

Market Breakup by Region

• United States of America

• Canada

Competitive Landscape

The leading companies in the North American market of compound chocolates are undertaking innovation activities and production expansion plans to remain competitive.

• Puratos Corporation

• Cargill, Incorporated

• Fuji Oil Holdings Inc.

• Foley's Chocolates

• AAK AB

• Barry Callebaut AG

• Blommer Chocolate Company

• Nestlé S.A.

• Others

Key Highlights of the Report

North America Compound Chocolate Market Report Snapshots

North America Compound Chocolate Market Size

North America Compound Chocolate Companies