The global chocolate flavors market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The food grade segment is expected to account for the largest share of the market in terms of revenue, followed by industrial grade and application segments respectively. The food grade segment is projected to grow at a CAGR of 5% during the forecast period, while industrial grade and application segments are projected to grow at a CAGR of 4% and 3%, respectively.
North America accounted for the largest share in terms of revenue in 2017, followed by Europe and Asia Pacific respectively. North America is expected to continue its dominance over other regions with an estimated value share exceeding 40%.
- The global chocolate market is expected to grow at a CAGR of 3.5% from 2016-2020.
- Chocolate consumption is on the rise in emerging markets such as China and India, where it has traditionally been less popular than in Western countries.
- Chocolate consumption is also on the rise in Western countries due to increased awareness of its health benefits and an increase in premium products that are marketed as healthy alternatives to sugar-laden snacks like candy bars or ice cream cones.
- The popularity of dark chocolate has grown significantly over the past decade due to its purported health benefits and its rich flavor profile that appeals more broadly than milk chocolate does for many consumers who prefer not to have milk products or sugar added into their diet.
Industry Growth Insights published a new data on “Chocolate Flavors Market”. The research report is titled “Chocolate Flavors Market research by Types (Food Grade, Industrial Grade, Other), By Applications (Candy, Pastry, Baking, Snack Food, Soy Products, Cosmetics, Feed, Chemical, Other), By Players/Companies Archer Daniels Midland Company, Barry Callebaut, Blommer Chocolate Company, Cargill, Cemoi Group, Frutarom Industries, Givaudan, International Flavors & Fragrances, Olam International, Puratos Group, Wanbang”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Chocolate Flavors Market Research Report
By Type
Food Grade, Industrial Grade, Other
By Application
Candy, Pastry, Baking, Snack Food, Soy Products, Cosmetics, Feed, Chemical, Other
By Companies
Archer Daniels Midland Company, Barry Callebaut, Blommer Chocolate Company, Cargill, Cemoi Group, Frutarom Industries, Givaudan, International Flavors & Fragrances, Olam International, Puratos Group, Wanbang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Chocolate Flavors Market Report Segments:
The global Chocolate Flavors market is segmented on the basis of:
Types
Food Grade, Industrial Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Candy, Pastry, Baking, Snack Food, Soy Products, Cosmetics, Feed, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland Company
- Barry Callebaut
- Blommer Chocolate Company
- Cargill
- Cemoi Group
- Frutarom Industries
- Givaudan
- International Flavors & Fragrances
- Olam International
- Puratos Group
- Wanbang
Highlights of The Chocolate Flavors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Industrial Grade
- Other
- By Application:
- Candy
- Pastry
- Baking
- Snack Food
- Soy Products
- Cosmetics
- Feed
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chocolate Flavors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chocolate flavors are the various compounds that give chocolate its unique taste. These include cocoa, sugar, and other flavorings.
Some of the key players operating in the chocolate flavors market are Archer Daniels Midland Company, Barry Callebaut, Blommer Chocolate Company, Cargill, Cemoi Group, Frutarom Industries, Givaudan, International Flavors & Fragrances, Olam International, Puratos Group, Wanbang.
The chocolate flavors market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Chocolate Flavors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Chocolate Flavors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Chocolate Flavors Market - Supply Chain
4.5. Global Chocolate Flavors Market Forecast
4.5.1. Chocolate Flavors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Chocolate Flavors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Chocolate Flavors Market Absolute $ Opportunity
5. Global Chocolate Flavors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Chocolate Flavors Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Industrial Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Chocolate Flavors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Chocolate Flavors Market Size and Volume Forecast by Application
6.3.1. Candy
6.3.2. Pastry
6.3.3. Baking
6.3.4. Snack Food
6.3.5. Soy Products
6.3.6. Cosmetics
6.3.7. Feed
6.3.8. Chemical
6.3.9. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Chocolate Flavors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Chocolate Flavors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Chocolate Flavors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Chocolate Flavors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Chocolate Flavors Demand Share Forecast, 2019-2026
9. North America Chocolate Flavors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Chocolate Flavors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Chocolate Flavors Market Size and Volume Forecast by Application
9.4.1. Candy
9.4.2. Pastry
9.4.3. Baking
9.4.4. Snack Food
9.4.5. Soy Products
9.4.6. Cosmetics
9.4.7. Feed
9.4.8. Chemical
9.4.9. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Chocolate Flavors Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Industrial Grade
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Chocolate Flavors Demand Share Forecast, 2019-2026
10. Latin America Chocolate Flavors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Chocolate Flavors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Chocolate Flavors Market Size and Volume Forecast by Application
10.4.1. Candy
10.4.2. Pastry
10.4.3. Baking
10.4.4. Snack Food
10.4.5. Soy Products
10.4.6. Cosmetics
10.4.7. Feed
10.4.8. Chemical
10.4.9. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Chocolate Flavors Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Industrial Grade
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Chocolate Flavors Demand Share Forecast, 2019-2026
11. Europe Chocolate Flavors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Chocolate Flavors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Chocolate Flavors Market Size and Volume Forecast by Application
11.4.1. Candy
11.4.2. Pastry
11.4.3. Baking
11.4.4. Snack Food
11.4.5. Soy Products
11.4.6. Cosmetics
11.4.7. Feed
11.4.8. Chemical
11.4.9. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Chocolate Flavors Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Industrial Grade
11.7.3. Other
11.8. Basis Point Shae (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Chocolate Flavors Demand Share, 2019-2026
12. Asia Pacific Chocolate Flavors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Chocolate Flavors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Chocolate Flavors Market Size and Volume Forecast by Application
12.4.1. Candy
12.4.2. Pastry
12.4.3. Baking
12.4.4. Snack Food
12.4.5. Soy Products
12.4.6. Cosmetics
12.4.7. Feed
12.4.8. Chemical
12.4.9. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Chocolate Flavors Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Industrial Grade
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Chocolate Flavors Demand Share, 2019-2026
13. Middle East & Africa Chocolate Flavors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Chocolate Flavors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Chocolate Flavors Market Size and Volume Forecast by Application
13.4.1. Candy
13.4.2. Pastry
13.4.3. Baking
13.4.4. Snack Food
13.4.5. Soy Products
13.4.6. Cosmetics
13.4.7. Feed
13.4.8. Chemical
13.4.9. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Chocolate Flavors Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Industrial Grade
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Chocolate Flavors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Chocolate Flavors Market: Market Share Analysis
14.2. Chocolate Flavors Distributors and Customers
14.3. Chocolate Flavors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Barry Callebaut
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Blommer Chocolate Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cargill
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cemoi Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Frutarom Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Givaudan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. International Flavors & Fragrances
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Olam International
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Puratos Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wanbang
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
