Couverture Chocolate: Market outlook

Improving the economy of various countries has led to increase in disposable income and raised the standard of living, which put impact over the rising trend of premiumization and consumption of premium products in food and beverage segment. Couverture chocolate is also gaining the demand in the premium product segment owing to the presence of a greater percentage of cocoa butter relative to the other ingredients. Unlike regular chocolate, couverture chocolates are ground to finer texture during the grinding process which leads to producing superior flavor and texture. Improved flavor and texture of couverture chocolate make them favorable for enrobing and tempering of bonbons, truffles, and other fine candies. Also, chocolate couverture is called as cooking chocolate due to its application as a glazing and filling agent. In the global chocolate market, the demand for couverture is also increasing manufactures due to its stability. Chocolate couverture is mostly used in the molding of chocolates because it can be melted and re-melted. In the global couverture chocolate market, North America and Europe hold the major share in production and consumption of couverture chocolate owing to the presence of key chocolate manufacturers in the region. Also, various promotional strategies applied by the manufacturers in the region is contributing to the growth of couverture chocolate market. With the increasing demand for couverture chocolate among manufacturers, it can be anticipated that the demand for couverture chocolate will increase over the forecast period.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Rising Demand for Couverture chocolate in Pharmaceutical and Nutraceutical Industry

Over the last few years, there has been a shift in the demand for convenience foodstuffs across the globe. Consumers – especially millennials – are preferring chocolates as a gift for showing their emotions and also as an all-day snack option. Food stores across the Europe region have set up in-store chocolate outfits to cater to this continuous demand. This has opened up avenues for the growth of couverture chocolate market in bakeries as well as in-store bakery outfits increasing manifold by the day. In the global chocolate market, there is a very tough competition among manufacturers than ever before leading to frequent product launch. In the global couverture chocolate market, manufacturers are utilizing various strategies such as frequent product launch with different ingredients, with zero sugar and also doing packaging innovations to attract the young population. In global couverture chocolate market, the packaging is one of the crucial aspects, as it helps in better marketing of the product as well as in maintaining the quality of the chocolates. On the other hand, rising demand for personalized and theme-based chocolates is also creating growth avenue for couverture chocolate market. The demand for couverture chocolate is also increasing in the 3D printed chocolates, where high-quality chocolate couverture is required. On the other hand, consumer traction towards health and wellness has caused consumers to cut down on consumption of chocolate products, hindering the growth of couverture chocolate market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on “Couverture Chocolate Market”

Global Couverture Chocolate: Market Segmentation

Based on nature, the global couverture chocolate market can be segmented as:

  • Organic
  • Conventional

Based on form, the global couverture chocolate market can be segmented as:

  • Slabs
  • Blocks
  • Button/Discs

Based on type, the global couverture chocolate market can be segmented as:

  • Milk Chocolate
  • Dark Chocolate

Based on end-use, the global couverture chocolate market can be segmented as:

  • Bakery Industry
  • Chocolates and Confectionaries

Global Couverture Chocolate: Key Players

Key players operating their business in global couverture chocolate market are Scharffen Berger, Amano, Felchlin, Guittard, Lindt, and Valrhona, Struben Couverture Chocolate Factory, Callebaut, El Rey, Cocoa Processing Company Limited (CPC), Barry Callebaut AG and others.

Opportunities for Market Participants:

Escalating demand for couverture chocolate from the foodservice sector, featuring gourmet and pure chocolate-based cuisines is providing the opportunity for the growth of couverture chocolate. Couverture chocolate decorations have become one of the essential parts of the chef's aisle to attract consumers. Apart from all the above-mentioned factors, increasing awareness among manufacturers and consumers about couverture chocolate, it can be expected that the demand for couverture chocolate will boom in the coming future.

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
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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.

2. Insights and Tools

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.

3. Actionable Results

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?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Couverture Chocolate Market

Pre Book