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Chocolate Compounds: Introduction

Chocolate compounds are also known as imitation chocolate as it is prepared by the substitute of cocoa butter such as vegetable oils. Chocolate compounds are one of the commonly used chocolate in the bakery industry. Coating chocolate, non-temper coatings, confectionery coating, or baker’s chocolate are the various trade name of Chocolate compounds. Chocolate Compounds are cheaper than cocoa butter because it is derived from the palm kernel oil and hard vegetable fats. Chocolate compounds are used as a coating agent for biscuits, candies, cookies, nuts, and dry fruits. Chips, bars, and slabs are the most preferred forms of chocolate compounds that are available in the market.  The chocolate slabs are used in commercial applications. The cheaper prices of chocolate compounds and easy availability of raw materials as compared to cocoa butter are the key factors that are driving the global market growth of chocolate compounds.

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Chocolate Compounds: Dynamics

Rising consumers’ inclination towards artisan and healthier chocolate has led to the entry of various large and small-scale chocolate compound manufacturers across the globe, to tailor to the rising demand from confectionaries and artisanal bakeries. The players are making all their efforts to produce chocolate compounds by using better-quality ingredients that have a wide range of palette flavors and extraordinary complexity. The consumers are shifting towards dairy-free ingredients based products in their diet due to the increasing vegan trend; most of the bars available in the market are vegan certified. Apart from vegan certification, various chocolate compound-based bars are also soy-free, gluten-free and nut-free. For instance, Mondelez International, Inc. one of the leading chocolate company, has come up with the various differentiation in its products, as the company uses vegetable oils, including Shea, and palm. Thus, increasing the popularity and application of Chocolate compounds in the global market. On the other hand, the increasing obesity is forcing customers to reduce the intake of confectionery, bakery, and chocolate products and strict regulations might stagnate the overall market growth.

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Chocolate Compounds Market: Segmentation

The chocolate compounds market can be segmented based on nature, product type, application, and sales channel.

Based on nature, the chocolate compounds market can be segmented as –

  • Organic
  • Conventional

Based on form, the chocolate compounds market can be segmented as –

  • Chocolate Bars
  • Chocolate Slabs
  • Chocolate Chips
  • Chocolate Coatings
  • Others

Based on flavor, the chocolate compounds market can be segmented as –

  • White
  • Dark
  • Milk
  • Others

Based on source, the chocolate compounds market can be segmented as –

  • Vegetable oil
  • Coconut oil
  • Palm kernel oil
  • Hydrogenated palm oil
  • Others substitutes

Based on application, the chocolate compounds market can be segmented as –

  • Food Processing Industries
    • Bakery
    • Confectionary
    • Frozen desserts and Ice-Cream
    • Beverages
    • Syrups & Spreads
    • Others
  • Food Service Providers
  • Retail/ Households

Based on sales channel, the chocolate compounds market can be segmented as –

  • B2B
  • B2C
    • Hypermarkets/ Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Independent Small Groceries
    • Online Retailing

Chocolate Compounds: Key Players

Some of the key manufacturers of global chocolate compounds market include Mondelez International, Inc., Mars Inc., Barry Callebaut AG, Archer Daniels Midland Company, The Hershey Co., Nestle S.A., Foley’s Candies Ltd, Cargill Incorporated, Beryl’s Chocolate & Confectionery, Blommer Chocolate Company, Aalst Wilmar Pte Ltd, Palsgaard, and Puratos among others.

Chocolate Compounds: Opportunities & Product Launch

The increasing demand for chocolate compounds in developing as well as densely populated nations including China, Japan, and India, will have a direct influence on the development of global market. Chocolate compounds proficiently imitates the functional properties of real chocolate at less expense, which, in turn, is increasing the growth of chocolate compounds market. The key players in the chocolate compounds market are adopting several approaches including R&D, new product launch, geographic expansion, agreement, acquisitions to build up their business presence & portfolio. For instance, in 2018, Fuji Oil Holding acquired North American leading chocolate company- Blommer Chocolate. Blommer Chocolate is one of the top five leading manufacturers of North America and this acquisition will impact the growth in a positive way.

In August 2018, Barry Callebaut Group introduced the premium range of chocolate compounds under the brand name of Van Houten in Indian market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
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The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Chocolate Compounds Market

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