Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Compound Chocolate Market Size
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.
North America Compound Chocolate Market Report Snapshots
North America Compound Chocolate Market Size
North America Compound Chocolate Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.51 billion.
The market is expected to grow at a CAGR of 6.0% between 2024 and 2032.
The compound chocolate market in North America is expected to reach a value of USD 12.75 billion by 2032.
Key factors propelling the market growth include rising customer interest for plant-based compound chocolates and growing demand for bakery and confectionery products in the region.
Key trends fuelling the market expansion include the growing interest in compound chocolate made from 100% certified sustainable cacao and demand for tailor-made compound chocolate products.
Major countries in the market are the United States and Canada.
Compound chocolates are used in multiple applications, such as bakery, confectionery, frozen desserts and ice cream, beverages, and cereals.
Key players in the market are Puratos Corporation, Cargill, Incorporated, Fuji Oil Holdings Inc., Foley's Chocolates, AAK AB, Barry Callebaut AG, Blommer Chocolate Company, and Nestlé S.A, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124