Real and Compound Chocolate Market to Hit USD 57.60 Billion by 2032; Surging Focus of Consumers toward Indulgent Confectionary Products Drive Market Growth

The global real and compound chocolate market size was USD 33.84 billion in 2023. The market is projected to grow from USD 35.98 billion in 2024 to USD 57.60 billion by 2032, exhibiting a CAGR of 6.06% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Real and Compound Chocolate Market Size, Share & Industry 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 Forecast, 2024 - 2032”.

Real chocolate is produced using cocoa butter and cocoa mass, and compound chocolate is manufactured using vegetable oil instead of cocoa powder and cocoa butter. The increasing inclination of consumers toward indulgent confectionary products is propelling the market’s growth.

The market was negatively impacted by the COVID-19 pandemic owing to the decreased demand for real and compound chocolate in the hospitality industry. Moreover, lockdowns were imposed in most countries to stop the spread of the virus, which hindered market expansion.

Cargill Inc. Acquired Leman Decoration Group to Expand its Decoration Offering

In May 2021, a leading American food corporation, Cargill Inc., acquired Leman Decoration Group, a leading supplier of cake decoration in the bakery industry. This acquisition will expand the decoration offering of Cargill, supporting the cocoa and chocolate businesses of the company to its European and global gourmet customers.

Surging Demand for Premium Confectionaries to Augment Market Growth

The increasing demand for premium confectionaries drives the real and compound chocolate market growth. Moreover, the market’s is also driven by the surging focus of consumers on innovative and flavorful confectioneries due to their different health benefits.

However, the fluctuations in the supply and price of raw materials, including cocoa, owing to the climate, disease, and unavailability of labor, may impede market expansion for real and compound chocolate.

Key Players are Adopting New Product Innovation Strategies to Maintain Competitive Edge

The key players in the real and compound chocolate market include Puratos Group, Barry Callebaut AG, and others. Leading organizations are adopting new product innovation strategies, which are focused on taste, packaging, and health, to dominate the market.

Notable Industry Development

• March 2024 – Cargill India, a Cargill Inc. subsidiary, launched chocolate chips, block chocolates, and cocoa powder products under the company’s brand NatureFresh Professional. The company has developed these products for the food & bakery industry producers across India.

To get a detailed report summary and research scope of this market, click here:

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

List of the Companies Profiled in the Report:

• 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-

• Europe accounted for USD 15.59 billion in 2023 and is anticipated to hold the largest real and compound chocolate market share during the forecast period. The growth is attributed to the strong cocoa processing bases and large production industry present across Europe.


• North America holds the second-largest market share owing to the high per capita consumption of chocolate products.


• Asia Pacific holds a significant share of the market fueled by the surge in the millennial population and their rising interest in high-quality chocolate confectioneries in China and India.


• Surging demand for chocolate confectioneries from consumers drives market growth in the Middle East & Africa.

Table of Segmentation: