Market Overview:
The global chocolate powder 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 chocolates, increasing disposable income, and growing awareness about the health benefits of chocolate. The milk chocolate powder segment is expected to dominate the global chocolate powder market during the forecast period owing to its high demand among kids and teenagers. However, dark chocolate powder is projected to grow at a higher CAGR than other segments during the forecast period due its health benefits such as reducing bad cholesterol levels and improving brain function. Geographically, North America dominates the global chocolate powder market followed by Europe and Asia Pacific.
Product Definition:
Chocolate powder is a type of powder that is made from chocolate. It can be used in a variety of ways, including in baking, cooking, and as a topping or flavoring. Chocolate powder is often used to make chocolate milk or hot chocolate.
Milk Chocolate Powder:
Milk chocolate powder is a cocoa mass that has been processed until it forms a fine and smooth texture. It's main function in the chocolate industry is to add sweetness, flavor, and moisture to the final product. The taste of milk chocolate varies with each person owing to individual preferences. Some like it bitter while others prefer sweeter chocolates, this variation gives the market an opportunity for growth as different products are created for specific tastes.
Dark Chocolate Powder:
Dark chocolate powder is a cocoa powder that has been processed and contains higher percentage of cocoa content as compared to the other types of chocolates. It has a higher melting point, less sugar, and lower fat content as compared to milk chocolate which makes it ideal for making premium quality dark chocolates.
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The segment includes the elderly, diabetic patients and those who are on a diet plan. These people usually avoid eating chocolates as they contain high amount of fat, sugar and calories which is not good for health. However, with the advent of innovative products such as chocolate bars with added nutrition such as protein powder mixed with it to make them healthier without compromising on taste is expected to drive demand over the forecast period. This innovation is expected to increase product launches across various channels including e-commerce thereby driving market growth over the coming years.
The kids application segment was valued at USD 281 million in 2017 owing to increasing consumption of these products by children due to their sweet taste.
Regional Analysis:
North America dominated the global chocolate powder market in 2017. The U.S., being one of the largest consumers of chocolate, is expected to remain a key consumer for this product over the forecast period. Furthermore, growing health awareness among people is anticipated to increase its demand as an ingredient in weight management supplements and nutritional food & beverages throughout the forecast period.
Asia Pacific is expected to be one of fastest-growing regional markets due to increasing consumption by teenagers and adults for baking purposes coupled with rising disposable income levels in countries such as China and India. Moreover, increasing foreign direct investments from major manufacturers including Barry Callebaut Group; Lindt; Nestl© S.A.;and Ferrero SpA are projected to fuel growth over the next eight years or so (until 2030).
Growth Factors:
- Increasing demand for chocolate powder in the food and beverage industry as a flavor enhancer.
- Rising popularity of chocolate flavored products among the consumers.
- Growing demand for premium quality chocolate powders from the high-end segment of the market.
- Proliferation of new product launches by various players in the market to cater to different consumer needs and preferences.
- Increasing investments by key players in research and development to innovate new flavors and formulations of chocolate powder
Scope Of The Report
Report Attributes
Report Details
Report Title
Chocolate Powder Market Research Report
By Type
Milk Chocolate Powder, Dark Chocolate Powder, White Chocolate Powder
By Application
Kids, Teenagers, Adults, Others
By Companies
Nestle, Mars, PepsiCo, Mondelez, Gatorade, GlaxoSmithKline, Kanegrade, ProBlends, Nestle
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Chocolate Powder Market Report Segments:
The global Chocolate Powder market is segmented on the basis of:
Types
Milk Chocolate Powder, Dark Chocolate Powder, White Chocolate Powder
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
Kids, Teenagers, Adults, Others
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:
- Nestle
- Mars
- PepsiCo
- Mondelez
- Gatorade
- GlaxoSmithKline
- Kanegrade
- ProBlends
- Nestle
Highlights of The Chocolate Powder 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:
- Milk Chocolate Powder
- Dark Chocolate Powder
- White Chocolate Powder
- By Application:
- Kids
- Teenagers
- Adults
- Others
- 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 Powder 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 powder is a mixture of cocoa and sugar that is used to add chocolate flavor to food.
Some of the major companies in the chocolate powder market are Nestle, Mars, PepsiCo, Mondelez, Gatorade, GlaxoSmithKline, Kanegrade, ProBlends, Nestle.
The chocolate powder market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chocolate Powder 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 Chocolate Powder Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Chocolate Powder 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 Chocolate Powder 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 Chocolate Powder Market Size & Forecast, 2018-2028 4.5.1 Chocolate Powder Market Size and Y-o-Y Growth 4.5.2 Chocolate Powder Market Absolute $ Opportunity
Chapter 5 Global Chocolate Powder 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 Chocolate Powder Market Size Forecast by Type
5.2.1 Milk Chocolate Powder
5.2.2 Dark Chocolate Powder
5.2.3 White Chocolate Powder
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chocolate Powder 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 Chocolate Powder Market Size Forecast by Applications
6.2.1 Kids
6.2.2 Teenagers
6.2.3 Adults
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chocolate Powder 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 Chocolate Powder 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 Chocolate Powder Analysis and Forecast
9.1 Introduction
9.2 North America Chocolate Powder 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 Chocolate Powder Market Size Forecast by Type
9.6.1 Milk Chocolate Powder
9.6.2 Dark Chocolate Powder
9.6.3 White Chocolate Powder
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 Chocolate Powder Market Size Forecast by Applications
9.10.1 Kids
9.10.2 Teenagers
9.10.3 Adults
9.10.4 Others
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 Chocolate Powder Analysis and Forecast
10.1 Introduction
10.2 Europe Chocolate Powder 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 Chocolate Powder Market Size Forecast by Type
10.6.1 Milk Chocolate Powder
10.6.2 Dark Chocolate Powder
10.6.3 White Chocolate Powder
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 Chocolate Powder Market Size Forecast by Applications
10.10.1 Kids
10.10.2 Teenagers
10.10.3 Adults
10.10.4 Others
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 Chocolate Powder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chocolate Powder 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 Chocolate Powder Market Size Forecast by Type
11.6.1 Milk Chocolate Powder
11.6.2 Dark Chocolate Powder
11.6.3 White Chocolate Powder
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 Chocolate Powder Market Size Forecast by Applications
11.10.1 Kids
11.10.2 Teenagers
11.10.3 Adults
11.10.4 Others
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 Chocolate Powder Analysis and Forecast
12.1 Introduction
12.2 Latin America Chocolate Powder 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 Chocolate Powder Market Size Forecast by Type
12.6.1 Milk Chocolate Powder
12.6.2 Dark Chocolate Powder
12.6.3 White Chocolate Powder
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 Chocolate Powder Market Size Forecast by Applications
12.10.1 Kids
12.10.2 Teenagers
12.10.3 Adults
12.10.4 Others
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) Chocolate Powder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chocolate Powder 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) Chocolate Powder Market Size Forecast by Type
13.6.1 Milk Chocolate Powder
13.6.2 Dark Chocolate Powder
13.6.3 White Chocolate Powder
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) Chocolate Powder Market Size Forecast by Applications
13.10.1 Kids
13.10.2 Teenagers
13.10.3 Adults
13.10.4 Others
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 Chocolate Powder Market: Competitive Dashboard
14.2 Global Chocolate Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nestle
14.3.2 Mars
14.3.3 PepsiCo
14.3.4 Mondelez
14.3.5 Gatorade
14.3.6 GlaxoSmithKline
14.3.7 Kanegrade
14.3.8 ProBlends
14.3.9 Nestle