PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT • 2.1 Preface • 2.2 Preface • 2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 04: MARKET SIZING • Market definition • Market sizing 2018 • Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 06: MARKET SEGMENTATION BY APPLICATION • Confectionery • Biscuits and bakery products • Dairy and desserts • Ice creams and frozen items • Cereals and other industrial chocolate applications PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE • Geographic segmentation • Geographic comparison • Europe - Market size and forecast 2018-2023 • North America - Market size and forecast 2018-2023 • APAC - Market size and forecast 2018-2023 • South America - Market size and forecast 2018-2023 • MEA - Market size and forecast 2018-2023 • Key leading countries • Market opportunity PART 09: MARKET SEGMENTATION BY ENTITY • Market segmentation by entity • Comparison by entity • Integrated industrial chocolate - Market size and forecast 2018-2023 • Open industrial chocolate - Market size and forecast 2018-2023 • Market opportunity by entity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Growing vendor emphasis on sustainable cocoa production • Personalization and mass customization • Growing popularity of clean-label chocolate PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive scenario PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • Barry Callebaut AG • Cargill Inc. • Cemoi Group • Clasen Quality Coatings Inc. • Fuji Oil Co. Ltd. • Mars Inc. • Mondelēz International Inc. • NATRA SA • Nestlé SA • The Hershey Co. PART 15: APPENDIX • Research methodology • List of abbreviations • Definition of market positioning of vendors PART 16: EXPLORE TECHNAVIO   Exhibit 01: Vendor: Key offerings Exhibit 02: Global food and beverages market Exhibit 03: Segments of global food and beverages market Exhibit 04: Market characteristics Exhibit 05: Market segments Exhibit 06: Market definition - Inclusions and exclusions checklist Exhibit 07: Market size 2018 Exhibit 08: Global market size and forecast 2018-2023 ($ billions) Exhibit 09: Global market: Size and forecast 2018-2023 (thousand t) Exhibit 10: Global market: Year-over-year growth 2019-2023 (%) Exhibit 11: Five forces analysis 2018 Exhibit 12: Five forces analysis 2023 Exhibit 13: Bargaining power of buyers Exhibit 14: Bargaining power of suppliers Exhibit 15: Threat of new entrants Exhibit 16: Threat of substitutes Exhibit 17: Threat of rivalry Exhibit 18: Market condition - Five forces 2018 Exhibit 19: Market share by application– 2018 (%) Exhibit 20: Customer landscape Exhibit 21: Market share by geography 2018-2023 (%) Exhibit 22: Geographic comparison Exhibit 23: Europe - Market size and forecast 2018-2023 (thousand t) Exhibit 24: Europe - Year-over-year growth 2019-2023 (%) Exhibit 25: North America - Market size and forecast 2018-2023 (thousand t) Exhibit 26: North America - Year-over-year growth 2019-2023 (%) Exhibit 27: APAC - Market size and forecast 2018-2023 (thousand t) Exhibit 28: APAC - Year-over-year growth 2019-2023 (%) Exhibit 29: South America - Market size and forecast 2018-2023 (thousand t) Exhibit 30: South America - Year-over-year growth 2019-2023 (%) Exhibit 31: MEA - Market size and forecast 2018-2023 (thousand t) Exhibit 32: MEA - Year-over-year growth 2019-2023 (%) Exhibit 33: Key leading countries Exhibit 34: Market opportunity Exhibit 35: Entity - Market share 2018-2023 (%) Exhibit 36: Comparison by entity Exhibit 37: Integrated industrial chocolate - Market size and forecast 2018-2023 (thousand t) Exhibit 38: Integrated industrial chocolate - Year-over-year growth 2019-2023 (%) Exhibit 39: Open industrial chocolate - Market size and forecast 2018-2023 (thousand t) Exhibit 40: Open industrial chocolate - Year-over-year growth 2019-2023 (%) Exhibit 41: Market opportunity by entity Exhibit 42: Impact of drivers and challenges Exhibit 43: Vendor landscape Exhibit 44: Landscape disruption Exhibit 45: Vendors covered Exhibit 46: Vendor classification Exhibit 47: Market positioning of vendors Exhibit 48: Barry Callebaut AG - Vendor overview Exhibit 49: Barry Callebaut AG - Product segments Exhibit 50: Barry Callebaut AG - Organizational developments Exhibit 51: Barry Callebaut AG - Geographic focus Exhibit 52: Barry Callebaut AG - Segment focus Exhibit 53: Barry Callebaut AG - Key offerings Exhibit 54: Cargill Inc. - Vendor overview Exhibit 55: Cargill Inc. - Product segments Exhibit 56: Cargill Inc. - Organizational developments Exhibit 57: Cargill Inc. - Geographic focus Exhibit 58: Cargill Inc. - Key offerings Exhibit 59: Cemoi Group - Vendor overview Exhibit 60: Cemoi Group - Product segments Exhibit 61: Cemoi Group - Key offerings Exhibit 62: Clasen Quality Coatings Inc. - Vendor overview Exhibit 63: Clasen Quality Coatings Inc. - Product segments Exhibit 64: Clasen Quality Coatings Inc. - Key offerings Exhibit 65: Fuji Oil Co. Ltd. - Vendor overview Exhibit 66: Fuji Oil Co. Ltd. - Product segments Exhibit 67: Fuji Oil Co. Ltd. - Organizational developments Exhibit 68: Fuji Oil Co. Ltd. - Geographic focus Exhibit 69: Fuji Oil Co. Ltd. - Segment focus Exhibit 70: Fuji Oil Co. Ltd. - Key offerings Exhibit 71: Mars Inc. - Vendor overview Exhibit 72: Mars Inc. - Business segments Exhibit 73: Mars Inc. - Organizational developments Exhibit 74: Mars Inc. - Key offerings Exhibit 75: Mondelēz International Inc. - Vendor overview Exhibit 76: Mondelēz International Inc. - Product segments Exhibit 77: Mondelēz International Inc. - Organizational developments Exhibit 78: Mondelēz International Inc. - Geographic focus Exhibit 79: Mondelēz International Inc. - Segment focus Exhibit 80: Mondelēz International Inc. - Key offerings Exhibit 81: NATRA SA - Vendor overview Exhibit 82: NATRA SA - Product segments Exhibit 83: NATRA SA - Key offerings Exhibit 84: Nestlé SA - Vendor overview Exhibit 85: Nestlé SA - Business segments Exhibit 86: Nestlé SA - Organizational developments Exhibit 87: Nestlé SA - Segment focus Exhibit 88: Nestlé SA - Key offerings Exhibit 89: The Hershey Co. - Vendor overview Exhibit 90: The Hershey Co. - Business segments Exhibit 91: The Hershey Co. - Organizational developments Exhibit 92: The Hershey Co. - Geographic focus Exhibit 93: The Hershey Co. - Segment focus Exhibit 94: The Hershey Co. - Key offerings Exhibit 95: Validation techniques employed for market sizing Exhibit 96: Definition of market positioning of vendors

Barry Callebaut AG, Cargill Inc., Cemoi Group, Clasen Quality Coatings Inc., Fuji Oil Co. Ltd., Mars Inc., Mondelēz International Inc., NATRA SA, Nestlé SA, and The Hershey Co.