Market Research Future Published a Cooked Research Report on the North-American Industrial Chocolate Market
Market Analysis and Forecast:
Major chocolate manufacturers are investing in these markets to further broaden its growth opportunities backed by reasons with high consumption potential due to high existing population. Abundance of raw-materials like sweeteners, edible fats other than cocoa and cheap labor will enhance chocolate production and nearness to consumer markets will improve chocolate manufacturer’s profit margins.
Globally, there has been increase in preferences for the fat-free and healthy food products by the consumers. Food items containing trans-fat are losing market share to low calorie, low fat products as trans-fat is linked to cardiovascular diseases. Hence, North-American industrial chocolate market is expected reach USD 25,321 Million at the end of the forecasted period and is expected to grow at CAGR of 5.45 % from 2017 to 2022.
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Industrial chocolate market has been driven by various factors including creative packaging of chocolate bars that has been developing, keeping the psychology of the humans and their perception when they see certain colors. Improved processing technologies have also supported the growth of industrial chocolate market. Major chocolate manufacturers have a keen focus on the evolving market trends and responds accordingly to keep ahead of the competition.
The Chocolate Market in emerging countries has been growing greatly due to changing consumer preferences and lifestyle and global exposure to international brands in the recent years. Rise in disposable incomes, and surge in the sale of dark chocolates in the country are expected to drive the industry growth.
Competitive Analysis and Key Player Profile:
This report includes a study of strategies used in the market, mergers and acquisitions in industrial chocolate, multiple product launch by major industrial chocolate market players. It further includes product portfolios and developments of leading major players which includes:
• Foley’s Candies LP
• Nestle SA
• Barry Callebaut
• Guittard Chocolate Company
• Alpezzi Chocolate
• Republica del Cacao
• Scharffen Berger
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Key Findings in Report:
- The North-American industrial chocolate market has been estimated at USD 18,434 Million in 2016
- Projected to reach USD 25,321 million by 2022, at a CAGR of 5.45 % during the forecast period from 2016 to 2022.
- On the basis of applications, research & development segment holds at 2,840.5 K MT
Industrial chocolate is primarily used in-house by vertically integrated manufacturers or sold to third parties to create finished chocolate products. Food service providers, such as artisans, chefs, and food manufacturers who create end-consumer products such as bakery products, chocolate confectionery, ice cream, and beverages, are the primary consumers of industrial chocolate. One of the latest developments in this market is the growing demand for organic and sugar-free chocolates.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the North American Industrial chocolate, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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