Global Real and Compound Chocolate Market Report and Forecast 2024-2032

Global Real and Compound Chocolate Market Outlook

The global market size for real and compound chocolate reached a value of more than USD 30.74 billion in 2023. The global real and compound chocolate market is expected to grow at a CAGR of 5.80% between 2024 and 2032, reaching a value of USD 51.06 billion by 2032.

Key Trends in the Market

Real and compound chocolates are pure chocolates prepared with cocoa ingredients and other additives based on the product. Real chocolate is prepared by combining cocoa butter and cocoa mass whereas compound chocolate is prepared using vegetable fat and cocoa powder. Compound chocolates are the most common type of chocolate used in food manufacturing for products such as pastries, ice creams, confectionary snacks, or bakery items. 

• Technical advantages provided with the chocolates such as bloom and heat resistance increase its demand especially in the warmer countries, contributing to the growth of the market.

• Innovative and premium chocolate production has attracted a number of consumers to buy the products, increasing the production rate fuelling the growth of the real and compound chocolate market.

• Improving purchasing power of consumers supported by rising disposable income and increased availability are also helping in bolstering the demand of chocolates helping in the growth of the overall market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis

Based on type, the market can be divided into dark chocolate, white chocolate, and milk chocolate. By product category, the market is bifurcated into real chocolate and compound chocolate. On the basis of form, the market is segmented into coatings, chips, and slabs, among others. By application, the market is categorised into bakery, confectionary, beverages, and dairy and frozen desserts, among others. Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global real and compound chocolate market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Nestle S.A.

• Cargill Incorporated

• Puratos NV/SA

• Fuji Oil CO., LTD.

• Barry Callebaut Group

• Others

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Share by Product Category

Compound chocolate accounts for a leading share of the real and compound chocolate market due to its low cost production, resulting in more manufacturers producing this type of chocolate at lower costs. Due to the lower costs, compound chocolate is also preferred by bakers. With additives, the flavours and cooking capabilities can be adjusted, increasing its versatility. 

However, compound chocolate can lead to increased cholesterol, due to which health-conscious consumers are opting for real chocolate. Additionally, due to the high content of cocoa butter, real chocolate has an excellent velvety and smooth texture that enhances the nuanced flavour and aroma of the chocolate. Despite higher costs, the demand for real chocolate is expected to rise among consumers interested in premium chocolate, supporting the growth of the market. 

Market Share by Type

Milk chocolate is one of the most popular types of chocolate globally, owing to its increasing consumption because of its texture and versatility, accounting for a majority share in the real and compound chocolate market. With a creamy texture, milk chocolate is made with milk and chocolate, and is liked by a vast portion of consumers. It also finds applications in hot chocolate, cake, shakes, and other end products, contributing to the growth of the segment in the market. 

Dark chocolate typically has a higher percentage of cocoa solids and tends to have a slightly bitter taste as compared to milk chocolate, based on the cocoa concentration. However, dark chocolate offers numerous health benefits, including improved blood flow, lower blood pressure, and reduced risk of heart disease. It is also a powerful source of antioxidants. Due to its health benefits, the demand for dark chocolate is expected to rise and contribute to the overall market growth for real and compound chocolate. 

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

Puratos NV/SA is an international food company that has its headquarter in Brussels, Belgium. It was founded in 1919 and believes in creating food solutions with innovations for the wellbeing of individuals and to create a healthy world.

Fuji Oil CO., LTD. founded in 1950 is based out of Tokyo in Japan. It is a food and beverage company that manufactures and supplies industrial chocolate, soy-based ingredients, vegetable oils and fats, and fermented ingredients with an aim to contribute to human health.

Barry Callebaut Group was founded in 1996 and has its headquarter in Zurich, Switzerland. It is a cocoa and chocolate products company that is involved in the manufacturing, processing, and supply of chocolates globally.

Other market players include Nestle S.A., and Cargill Incorporated, among others.

Key Highlights of the Report