Over the projected period (2022-2032), the global compound chocolate market is expected to develop at a CAGR of 6.7 percent, reaching a valuation of US$ 50.5 billion by 2032.
The compound chocolate market is expected to be driven by the growing trend of natural and organic food items in the food and beverage industry. Chocolate compound makers are releasing organic or natural chocolate flavoring compounds to the market.
Furthermore, demand for complex chocolate is increasing due to high polyphenol levels in cocoa or chocolate, which are nutritionally advantageous. In addition, some epidemiological studies have found that eating dark chocolate with high polyphenol content can help avoid heart disease.
As a result, dark chocolate flavoring chemicals are becoming increasingly important. In addition, major participants are working to create chocolate compounds that are both low in sugar and lactose-free.
Repositioning chocolate flavoring chemicals by marketing them with a clean label slogan is another key strategy. This will allow customers to indulge while still adhering to their health-related eating plans.
A growing appreciation for premium items has led to the marketing of chocolate flavoring compounds as premium products. The demand for compound chocolate is expected to skyrocket shortly as a result of these causes.
- By 2022, Europe is expected to dominate the global compound chocolate market, with a market share of around 28%, followed by North America. • By product type, milk chocolate is expected to account for the lion’s share of the global market by 2022. (2022-2032)
Key market participants are employing various marketing and promotional strategies, such as new product launches, geographic expansion, mergers and acquisitions, partnerships, and collaboration, to address the needs of consumers and serve them appropriately in the coming years, resulting in a larger customer base.
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Future Market Insights presents an unbiased study of the global compound chocolate market in its latest report, which includes historical data (2017-2021) and forecast statistics for the forecast period of 2022-2032.
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