Real and Compound Chocolate Market to Exhibit 5.67% CAGR from 2022 to 2029; Cargill Inc. Acquired Leman Decoration Group to Expand Portfolio

The global real and compound chocolate market size is estimated to rise from USD 29.03 billion in 2022 to USD 42.71 billion by 2029. Rising demand for premium chocolate confectionaries and innovative chocolate products will foster industry growth. The trend could be witnessed owing to increasing consumer expenditure on indulgent confectionery products.

According to the latest research report by Fortune Business Insights™ titled, “Real and Compound Chocolate Market Size, Share & COVID-19 Impact Analysis, By Product Category (Real Chocolate and Compound Chocolate), By Type (Milk Chocolate, Dark Chocolate, and White Chocolate), By Form (Chips, Slabs, Coatings, and Others), By Application (Confectionery, Bakery, Dairy and Frozen Desserts, Beverages, and Others), and Regional Forecasts, 2022-2029,” the market was valued at USD 27.09 billion in 2021. It is anticipated to observe a 5.67% CAGR during the forecast period.

Dip in Hospitality Sector amidst the COVID-19 Pandemic to Dent Market Growth

The pervasive COVID-19 pandemic did not pan well for the industry outlook owing to disruptions in the cocoa supply chain and temporary shutdown or closure of hotels. Demand for real and compound chocolate declined in 2020 with the disruption in the hospitality sector. Some of the factors, such as raw material supply shortages owing to border closures and transport restrictions, challenged leading companies striving to expand their portfolios. Meanwhile, the gradual expansion of e-commerce channels and online retail could provide impetus for industry growth.

Mondelez Acquired Hu Master Holdings to Foster Vegan and Paleo-Friendly Chocolate Bars to Tap Markets

Well-established players and new entrants are poised to infuse funds into innovations and technological advancements. Accordingly, the trend for vegan products is likely to encourage leading companies to invest in the portfolio. To illustrate, in 2021, Mondelez International acquired Hu Master Holdings to bolster vegan and paleo-friendly chocolate bars. In March 2021, Nestlé S.A. announced the rollout of chocolates in the European market, made exclusively from cocoa beans. With the focus on taste, health and packaging, stakeholders are likely to foster real and compound chocolate market share.

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https://www.fortunebusinessinsights.com/industry-reports/real-and-compound-chocolate-market-101681

Trend for Premiumization to Trigger Investments in Food & Beverage Sector

Stakeholders expect the premiumization trend to be a key growth enabler across advanced and emerging economies. With premium products becoming invaluable to brand growth, leading companies have upped focus on taste and texture. It is worth noting that the cost-effectiveness of compound chocolates has encouraged leading companies to invest in the portfolio. Prominently, emerging economies, such as China and India, are likely to witness a surge in demand for compound chocolate. Industry participants could further boost the market growth following the trend for plant-based products. However, volatile raw material prices could dent the growth prospect during the forecast period.

Leading Companies Invest in Strategic Approaches to Expand Penetration

Well-established players and new entrants are likely to invest in product launches, mergers & acquisitions, research and developments and technological advancements. The shifting global dynamics suggest that well-established and emerging players focus on innovations.

Industry Development

• May 2021: Cargill Inc. acquired Leman Decoration Group, a leading cake decoration supplier in the bakery industry. The acquisition significantly expanded Cargill's decoration offering, supporting the company's cocoa and chocolate businesses to better serve Europe and global gourmet customers.

List of the Companies Profiled in the Global Market

• Barry Callebaut AG (Switzerland)


• Puratos Group (Belgium)


• Mondelez International (U.S.)


• Cargill Incorporated (U.S.)


• Nestlé S.A. (Switzerland)


• Fuji Oil Company Limited (Japan)


• The Hershey Company (U.S.)


• Mars Incorporated (U.S.)


• Olam International (Singapore)


• CEMOI Group (France)

Further Report Findings

• Based on type, the milk chocolate segment will account for a notable share of the global market on account of the growth of confectionery products.


• The Europe market size will witness an appreciable growth during the forecast period owing to the presence of leading companies across the region.


• The North America market outlook will be strong in the wake of the demand for premium and seasonal confectioneries.

Table of Segmentation