Deep-dive analysis for individual segments and sub-segments for industrial chocolate
To estimate market size by types, application and country
To understand the market dynamics including supply and demand
To provide region level market analysis and future outlook for U.S., Canada and Mexico
Competitive landscaping for the industrial chocolate market evaluating key strategies taken by top players in the market
Company profiling of major players in the market
Value chain analysis of and supply chain analysis industrial chocolate
Analysis of historical market trends, and technologies, and current government regulatory requirements related to industrial chocolate market.
Intended Audience
Chocolate manufacturers
Bakery product manufacturers
Confectionery product manufacturers
Beverage product manufacturers
Traders, Importers and exporters
Cocoa traders
Key Finding
The North-American industrial chocolate market has been estimated at USD 42.56 Billion in 2030
Projected to reach USD 42.56 Billion by 2030, at a CAGR of 5.45 % during the forecast period from 2022 to 2030.
On the basis of applications, research & development segment holds at 2,840.5 K MT
The key players profiled in North American industrial chocolate market report include- Mondelez, Mars, Blommer, Puratos, Foley’s Candies LP, Cargill, Nestle SA, Hershey, Barry Callebaut, Guittard Chocolate Company, Valrhona, Alpezzi Chocolate, Ghirardelli, Ferrero, Republica del Cacao, and Scharffen Berger.
Recent Development
Barry Callebaut: The world's largest manufacturer of high-quality chocolate products, Barry Callebaut, expanded its North American portfolio in May 2022 with the addition of dairy-free organic chocolate. This caters to the growing demand for vegan and dairy-free confectionery products.
Hershey's: The Pennsylvania-based chocolate giant filed a patent application in June 2022 for incorporating roasted grains in vegan chocolate products. This highlights their focus on innovation and meeting the needs of a growing vegan consumer base.
Mars: In February 2022, Mars forayed into the vegan chocolate segment with the launch of CO2COA, an animal-free chocolate bar made using whey protein from biotech company Perfect Day.
Segmentations
The market for industrial chocolate is segmented on the basis of by types and application. By types, the industrial chocolate is segmented dark, milk and white. By application, the industrial chocolate market is segmented as chocolate bars and flavoring ingredients.
Regional Analysis of North American Industrial Chocolate
U.S dominates accounts for highest share in the North American industrial chocolate followed by Canada and Mexico, accounting for USD 14,756 million and is expected to grow over USD 20,200 million by 2030, and is expected to grow at CAGR of 5.34 % respectively from 2022 to 2030.
Reasons to Buy
This report includes in-depth study and analysis of North American industrial chocolate segments and sub-segments. It encompasses market segmentation of North-American industrial chocolate type and applications. It helps in identifying key North American industrial chocolate suppliers and consumers in North America. The report will help in investments for the North American industrial chocolate and allied companies providing details on the fast growing segments and regions. In addition, it will provide the North-American industrial chocolate companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
North American Industrial Chocolate Market Highlights:
Frequently Asked Questions (FAQ) :
North American industrial chocolate market valuation would be USD 42.56 Billion.
North American industrial chocolate market CAGR would be 5.45% during the forecast period.
North American industrial chocolate market valuation was USD 18434 million in 2022.
Players involved in North American industrial chocolate market Blommer, Mondelez, Mars, Cargill, Puratos, Foley’s Candies LP, Hershey, Barry Callebaut, Nestle SA, Alpezzi Chocolate, Guittard Chocolate Company, Valrhona, Ferrero, Republica del Cacao, Ghirardelli, and Scharffen Berger.
The US would lead North American industrial chocolate market.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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