Global and United States Compound Chocolate Market Report & Forecast 2022-2028

Compound chocolate is a product made from a combination of cocoa, vegetable fat, and sweeteners. It is used as a lower-cost alternative to true chocolate, as it uses less-expensive hard vegetable fats such as coconut oil or palm kernel oil in place of the more expensive cocoa butter. It may also be known as "compound coating" or "chocolatey coating" when used as a coating for candy. It is often used in less expensive candy bars to replace enrobed chocolate on a product.
Market Analysis and Insights: Global and United States Compound Chocolate Market
This report focuses on global and United States Compound Chocolate market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Compound Chocolate market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, by Type, Chocolate Chip accounting for % of the Compound Chocolate global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Ice Cream & Frozen Desserts was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Compound chocolate is mostly produced in developing regions, such as Asia-Pacific, which accounts for the highest production of compound chocolate. The countries in the region extensively export to developed countries, like the United States and Canada, among others. Increased advancement in technology and the chocolate crisis in the market have provided to be a great opportunity to the compound chocolate market. Asia-Pacific region accounts for major share, owing to its affordable cost, while the stringent regulatory barrier is being a big challenge for the market.
Global Compound Chocolate Scope and Market Size
Compound Chocolate market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Compound Chocolate market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Compound Chocolate market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Chocolate Chip
Chocolate Slab
Chocolate Coatings
Others
Segment by Application
Ice Cream & Frozen Desserts
Bakery
Compound Chocolate
Confectionery
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Cargill
ADM
Wilmar International
Barry Callebaut
Puratos Group
AAK
Clasen Quality Chocolate
Santa Barbara Chocolate
Aalst Chocolate