Market Overview:
The global specialty chocolate market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for dark chocolate and flavored chocolates. In terms of type, the white chocolate segment is projected to register a higher CAGR as compared to other segments during the forecast period. This can be attributed to its growing popularity among consumers for its sweet flavor and creamy texture. By application, the chocolate bars segment is estimated to account for a larger share of the global specialty chocolate market in 2018.
Product Definition:
A type of chocolate that is made from cocoa beans with a high percentage of cocoa butter. Specialty chocolate is often used in baking and has a more intense flavor than regular chocolate.
White Chocolate:
White chocolate is a type of chocolate made from cocoa butter and sugar, without the addition of any other ingredients. It contains no cocoa solids and hence it does not contain any caffeine. The product has high demand in Europe due to its low-cholesterol content, which makes it suitable for people suffering from cardiovascular diseases such as coronary heart disease or hypertension.
The market size for white chocolate in the U.
Black Chocolate:
The global specialty chocolate market is expected to witness significant growth over the forecast period owing to increasing health concerns and changing food habits. Increasing demand for antioxidant-rich foods has led to a surge in the consumption of specialty chocolates, which include black chocolates. Black chocolate contains higher percentage of cocoa solids, sugar, and milk than other types of chocolates; thus it produces a deeper color when compared with other types.
Application Insights:
The chocolate bars segment held the largest share of over 70.0% in 2017. Over the past few years, this application has been witnessing a rise in demand from various end-use industries owing to its high utility and functional properties. The growing preference for dark chocolates with higher cocoa content is expected to fuel growth over the forecast period.
Specialty chocolate finds extensive usage as an ingredient in several other applications including flavoring ingredients, decorative items and novelties, bakery products (such as cakes, cookies), dairy products (such as cheese), pharmaceuticals & nutraceuticals (such as tablets, capsules), cosmetics & toiletries (such as creams/lotions) and food additives among others.
Rising demand for specialty chocolates from several end-use industries on account of their functionalities such as improved taste.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the largest consumers of specialty chocolates, which are consumed on various occasions including birthdays, festivals and celebrations. Moreover, presence of a large number of manufacturers has fueled product availability across this region.
Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 owing to increasing consumption levels among millennials and other age groups in countries such as China and India due to changing lifestyles along with rising disposable income levels after years of economic growths coupled with improving standards off living conditions resulting into increased spending on luxury items such as chocolate products for consumption at home or corporate events etc.; hence driving demand for specialty chocolate over the forecast period.
Growth Factors:
- Increasing demand for artisanal and premium chocolate products
- Rising disposable income of consumers in developing countries
- Proliferation of chocolate festivals and events around the world
- Growing popularity of chocolate-based health supplements
- Emergence of new flavors and product varieties
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Chocolate Market Research Report
By Type
White Chocolate, Black Chocolate
By Application
Chocolate Bars, Flavoring Ingredient
By Companies
Barry Callebaut, Cargill, Nestle, FUJI OIL, Mars, Hershey, Puratos, Olam, Cémoi, ECOM, Guan Chong, Mondelez, Touton
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Chocolate Market Report Segments:
The global Specialty Chocolate market is segmented on the basis of:
Types
White Chocolate, Black 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
Chocolate Bars, Flavoring Ingredient
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:
- Barry Callebaut
- Cargill
- Nestle
- FUJI OIL
- Mars
- Hershey
- Puratos
- Olam
- Cémoi
- ECOM
- Guan Chong
- Mondelez
- Touton
Highlights of The Specialty Chocolate 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:
- White Chocolate
- Black Chocolate
- By Application:
- Chocolate Bars
- Flavoring Ingredient
- 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 Specialty 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
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?
Specialty chocolate is a type of chocolate that is made with ingredients that are not typically used in making chocolate. These ingredients can include spices, fruits, nuts, and other flavors.
Some of the major companies in the specialty chocolate market are Barry Callebaut, Cargill, Nestle, FUJI OIL, Mars, Hershey, Puratos, Olam, C©moi, ECOM, Guan Chong, Mondelez, Touton.
The specialty chocolate market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Specialty 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 Specialty Chocolate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Specialty 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 Specialty 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 Specialty Chocolate Market Size & Forecast, 2020-2028 4.5.1 Specialty Chocolate Market Size and Y-o-Y Growth 4.5.2 Specialty Chocolate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 White Chocolate
5.2.2 Black Chocolate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Chocolate Bars
6.2.2 Flavoring Ingredient
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Specialty 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 Specialty 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 White Chocolate
9.6.2 Black 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 Market Size Forecast by Applications
9.10.1 Chocolate Bars
9.10.2 Flavoring Ingredient
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 White Chocolate
10.6.2 Black 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 Market Size Forecast by Applications
10.10.1 Chocolate Bars
10.10.2 Flavoring Ingredient
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 White Chocolate
11.6.2 Black 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 Market Size Forecast by Applications
11.10.1 Chocolate Bars
11.10.2 Flavoring Ingredient
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 White Chocolate
12.6.2 Black 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 Market Size Forecast by Applications
12.10.1 Chocolate Bars
12.10.2 Flavoring Ingredient
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 White Chocolate
13.6.2 Black 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) Market Size Forecast by Applications
13.10.1 Chocolate Bars
13.10.2 Flavoring Ingredient
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 Specialty Chocolate Market: Competitive Dashboard
14.2 Global Specialty Chocolate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Barry Callebaut
14.3.2 Cargill
14.3.3 Nestle
14.3.4 FUJI OIL
14.3.5 Mars
14.3.6 Hershey
14.3.7 Puratos
14.3.8 Olam
14.3.9 Cémoi
14.3.10 ECOM
14.3.11 Guan Chong
14.3.12 Mondelez
14.3.13 Touton