Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Baking Chocolate Market by Type (Unsweetened Chocolate, Bittersweet Chocolate, Semisweet Chocolate, Sweet Chocolate), By Application (Home Use, Commercial Use) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Baking Chocolate Market by Type (Unsweetened Chocolate, Bittersweet Chocolate, Semisweet Chocolate, Sweet Chocolate), By Application (Home Use, Commercial Use) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 230476 4200 Food & Beverages 377 163 Pages 4.8 (33)
                                          

Market Overview:


The global baking chocolate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for chocolate products, increasing disposable income, and growing awareness about the benefits of baking chocolate. Based on type, the global baking chocolate market is segmented into unsweetened chocolate, bittersweet chocolate, semisweet chocolate, and sweet chocolate. Of these segments, sweet Chocolate is expected to witness highest growth during the forecast period owing to its high demand in bakery items and desserts. Based on application, the global baking Chocolate market is segmented into home use and commercial use. Home use accounted for majority of share in 2017 and is projected to maintain its dominance during the forecast period due To increase in number of working women population across globe .Commercial Use segment Is projected To grow at a higher rate as compared To home Use Segment over The Forecast Period .Regionally North America dominates The Global Baking Chocolate Market followed By Europe And Asia Pacific Region In terms Of Revenue Share In 2017 And Is Expected To Remain Dominant Over The Forecast Period .


Global Baking Chocolate Industry Outlook


Product Definition:


Baking chocolate is a type of chocolate that is specifically formulated for baking. It has a higher fat content than regular chocolate, which makes it melt at a lower temperature and results in a smoother texture. Baking chocolate is used in many different types of baked goods, including cakes, cookies, and brownies.


Unsweetened Chocolate:


Unsweetened chocolate, also known as baking chocolate or just plain chocolate is a form of dark (bituminous) chocolate, whose content does not contain any sugar. It can be made with two processes: the alkali process and the humid process.


Bittersweet Chocolate:


Bittersweet chocolate, also known as dark chocolate or baking chocolate is a type of premium cocoa powder. It has a higher percentage of cocoa content than milk and white chocolates. The flavor and aroma of the product are more intense due to the high proportion of sugar content in it which enhances its taste and characteristics.


Application Insights:


The home use segment dominated the global baking chocolate market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to increasing consumer preference for baked products over raw ones and growing awareness about health benefits associated with dark chocolate. According to a study published by National Cancer Institute, 90% cocoa content bakes well in thin layers and does not create off-flavors when combined with other ingredients, which is expected to drive product demand from home users over the forecast period.


Commercial use is projected to witness significant growth over the forecast period owing to rising product application across confectionery items such as truffles and cakes on account of its ability enhance flavors and add moisture retention properties while maintaining structure integrity of cakes & pastries made from scratch or using low-fat milk products.


Regional Analysis:


North America was the largest regional market in 2017 owing to growing demand for baking chocolate from U.S. and Canada, which is majorly driven by increasing consumption of packaged food and confectionery products.


Growth Factors:


  • Increasing demand for premium chocolate products: The global baking chocolate market is witnessing a shift in consumer preference towards premium chocolate products. This is mainly attributed to the increasing awareness about the health benefits of dark chocolate and rising disposable incomes of consumers in developing countries.
  • Growing demand from emerging markets: The baking chocolate market is witnessing significant growth opportunities from emerging markets such as China, India, and Brazil. This can be attributed to the rising population of middle-class consumers and their growing expenditure on food items, including chocolates.
  • Proliferation of new product varieties: Chocolate manufacturers are introducing innovative product varieties such as flavored baking chocolates, organic baking chocolates, and sugar-free baking chocolates to cater to the changing needs of consumers. This is helping to boost sales growth of the global baking chocolate market.

Scope Of The Report

Report Attributes

Report Details

Report Title

Baking Chocolate Market Research Report

By Type

Unsweetened Chocolate, Bittersweet Chocolate, Semisweet Chocolate, Sweet Chocolate

By Application

Home Use, Commercial Use

By Companies

Baker's Chocolate, Callebaut, Ghirardelli, Guittard, Menier, Lindt & Sprüngli, Nestlé, Valrhona, Scharffen Berger, The Hershey Company, Baker's Chocolate

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

163

Number of Tables & Figures

115

Customization Available

Yes, the report can be customized as per your need.


Global Baking Chocolate Market Report Segments:

The global Baking Chocolate market is segmented on the basis of:

Types

Unsweetened Chocolate, Bittersweet Chocolate, Semisweet Chocolate, Sweet Chocolate

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

Home Use, Commercial Use

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:

  1. Baker's Chocolate
  2. Callebaut
  3. Ghirardelli
  4. Guittard
  5. Menier
  6. Lindt & Sprüngli
  7. Nestlé
  8. Valrhona
  9. Scharffen Berger
  10. The Hershey Company
  11. Baker's Chocolate

Global Baking Chocolate Market Overview


Highlights of The Baking Chocolate Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Unsweetened Chocolate
    2. Bittersweet Chocolate
    3. Semisweet Chocolate
    4. Sweet Chocolate
  1. By Application:

    1. Home Use
    2. Commercial Use
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Baking Chocolate 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

Global Baking Chocolate Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Baking chocolate is a type of chocolate that is made from cocoa butter and sugar. It has a higher melting point than regular chocolate, so it can be used to make baking recipes that require a harder chocolate.

Some of the key players operating in the baking chocolate market are Baker's Chocolate, Callebaut, Ghirardelli, Guittard, Menier, Lindt & Spr¼ngli, Nestl©, Valrhona, Scharffen Berger, The Hershey Company, Baker's Chocolate.

The baking chocolate market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Baking Chocolate Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Baking Chocolate Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Baking Chocolate Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Baking Chocolate Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Baking Chocolate Market Size & Forecast, 2018-2028       4.5.1 Baking Chocolate Market Size and Y-o-Y Growth       4.5.2 Baking Chocolate Market Absolute $ Opportunity

Chapter 5 Global Baking Chocolate Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Baking Chocolate Market Size Forecast by Type
      5.2.1 Unsweetened Chocolate
      5.2.2 Bittersweet Chocolate
      5.2.3 Semisweet Chocolate
      5.2.4 Sweet Chocolate
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Baking Chocolate Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Baking Chocolate Market Size Forecast by Applications
      6.2.1 Home Use
      6.2.2 Commercial Use
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Baking Chocolate Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Baking Chocolate Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Baking Chocolate Analysis and Forecast
   9.1 Introduction
   9.2 North America Baking Chocolate Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Baking Chocolate Market Size Forecast by Type
      9.6.1 Unsweetened Chocolate
      9.6.2 Bittersweet Chocolate
      9.6.3 Semisweet Chocolate
      9.6.4 Sweet Chocolate
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Baking Chocolate Market Size Forecast by Applications
      9.10.1 Home Use
      9.10.2 Commercial Use
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Baking Chocolate Analysis and Forecast
   10.1 Introduction
   10.2 Europe Baking Chocolate Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Baking Chocolate Market Size Forecast by Type
      10.6.1 Unsweetened Chocolate
      10.6.2 Bittersweet Chocolate
      10.6.3 Semisweet Chocolate
      10.6.4 Sweet Chocolate
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Baking Chocolate Market Size Forecast by Applications
      10.10.1 Home Use
      10.10.2 Commercial Use
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Baking Chocolate Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Baking Chocolate Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Baking Chocolate Market Size Forecast by Type
      11.6.1 Unsweetened Chocolate
      11.6.2 Bittersweet Chocolate
      11.6.3 Semisweet Chocolate
      11.6.4 Sweet Chocolate
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Baking Chocolate Market Size Forecast by Applications
      11.10.1 Home Use
      11.10.2 Commercial Use
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Baking Chocolate Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Baking Chocolate Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Baking Chocolate Market Size Forecast by Type
      12.6.1 Unsweetened Chocolate
      12.6.2 Bittersweet Chocolate
      12.6.3 Semisweet Chocolate
      12.6.4 Sweet Chocolate
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Baking Chocolate Market Size Forecast by Applications
      12.10.1 Home Use
      12.10.2 Commercial Use
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Baking Chocolate Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Baking Chocolate Market Size 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 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Baking Chocolate Market Size Forecast by Type
      13.6.1 Unsweetened Chocolate
      13.6.2 Bittersweet Chocolate
      13.6.3 Semisweet Chocolate
      13.6.4 Sweet Chocolate
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Baking Chocolate Market Size Forecast by Applications
      13.10.1 Home Use
      13.10.2 Commercial Use
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Baking Chocolate Market: Competitive Dashboard
   14.2 Global Baking Chocolate Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Baker's Chocolate
      14.3.2 Callebaut
      14.3.3 Ghirardelli
      14.3.4 Guittard
      14.3.5 Menier
      14.3.6 Lindt & Sprüngli
      14.3.7 Nestlé
      14.3.8 Valrhona
      14.3.9 Scharffen Berger
      14.3.10 The Hershey Company
      14.3.11 Baker's Chocolate

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