Compound Chocolate Market Outlook: Trends and Growing Demand Driving Expansion to 2032

The global compound chocolate market is expected to grow at a CAGR of 6.7% during the forecast period (2022-2032) and were valued at the highest level $50.5 billion until 2032.

The growing trend towards natural and organic food products in the food and beverage sector is likely to drive the compound chocolate market. Manufacturers of chocolate mixtures are actively introducing organic or natural chocolate flavors on the market.

Moreover, the demand for multi-ingredient chocolate is increasing due to the high content of polyphenols in cocoa or chocolate, which are nutritionally beneficial. Additionally, several epidemiological studies have observed that consuming dark chocolate rich in polyphenols may prevent heart disease.

This, in turn, increases the importance of dark chocolate flavors. In addition, key players are striving to develop chocolate blends that are not only low in sugar, but also lactose-free.

Another important strategy is to reposition chocolate flavoring ingredients by promoting them with a “clean label” slogan. Thanks to this, consumers will be able to afford a healthy dietary regime.

With the growing interest in premium products, chocolate flavoring compounds are also marketed as premium products. Based on these factors, the demand for multi-ingredient chocolate is expected to show impressive growth in the near future.

Key takeaways

Europe is expected to dominate the global compound chocolate market, with a market share of around 28% by 2022, followed by North America
France is expected to account for almost 24% of demand in the European compound chocolate market
By product type, milk chocolate is expected to account for the lion’s share of the global market by the end of 2022.
The online channel is expected to show impressive growth compared to all other channels over the assessment period (2022-2032).

“Increased consumption of milk chocolate for a variety of applications in chocolate-based confections, cocktails, cakes, croissants and hot chocolate will increase demand for compound chocolate in the coming decade.”, says Future Market Insights analyst.

Competitive landscape

Key market participants are pursuing various marketing and promotional strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaborations to meet consumer needs and serve accordingly, thereby creating a larger customer base in the coming years.

Discover more valuable insights

Future Market Insights in its new report offers an unbiased analysis of the global multi-ingredient chocolate market, presenting historical data (2017-2021) and estimated statistics for the forecast period 2022-2032.

Extensive market research: full report and findings

Global chocolate folded by category

By product type:

Dark chocolate
Milk chocolate
White chocolate

According to the form:

Chocolate chips
Chocolate coating
Chocolate Plate
Other forms

By application:

Bakery and Confectionery
Ice Cream and Frozen Desserts
Chocolate Drinks
Snacks
Sauces and spreads
Other applications

By distribution channel:

Direct
Indirect
- Hypermarkets/supermarkets
- General stores
- Specialty stores
- Independent retailers
- Online sellers

By region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth knowledge of the factors driving market demand. FMI is a leading global provider of market information, advisory, consulting and events services for the packaging, food and beverage, consumer technology, healthcare, industrial and chemicals markets. With a massive team of over 5,000 analysts worldwide, FMI provides global, regional and local expertise in a variety of domains and industry trends in over 110 countries.

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