The latest update of “Global Chocolate Flavors Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Chocolate Flavors Market.
Overview of the Chocolate Flavors Market:
Among the most popular types of chocolate flavorings is dark chocolate. Dark chocolate contains a higher percentage of cocoa powder and is considered the best tasting option. It can also have a variety of other flavors, such as cinnamon, red fruit, and baked brownie. It is an excellent source of antioxidants. Another popular type of chocolate flavoring is white chocolate. This type contains milk and sugar. While the latter does not have a distinct taste, it does have a creamy texture. The darkest type of chocolate is bittersweet, and it has the most intense flavor. It has a strong bitter taste. It should be paired with a milk-based product. However, bittersweet chocolate does have a distinctive nutty flavor and is the most common type of dark chocolate. In addition to the three main types of dark chocolate, white chocolate does not have a distinct flavor and is primarily milk. To get the best of both worlds, choose a bar that has a high proportion of chocolate liquor.
The global chocolate flavors market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
Drivers:
The increasing production of chocolate in the world is expected to fuel the growth of the global chocolate flavors market over the forecast period. For instance, according to International Institute for Sustainable Development (IISD), around 4 million tonnes of cocoa beans are produced yearly in the world. Fine chocolate offers a wide range of complex flavors and the opportunity to develop true connoisseurship. The World Cocoa Foundation estimates that about three million cocoa beans are consumed worldwide each year. The chemicals in the cocoa bean are what create the distinctive flavor. Generally, chocolate from the same origin should have similar characteristics. In this case, bittersweet chocolate has the highest concentration of chocolate liquor and is the most intense flavor, but it also has a bitter aftertaste. The increasing launch of several chocolate flavors is estimated to propel the growth in the global chocolate flavors market.
Restraints:
The high cost of some luxury flavored chocolates is expected to hinder the growth of the global chocolate flavors market.
Regional Insights:
In regions, North America is expected to dominate the growth of the global chocolate flavors market, owing to the increasing consumption of chocolates in the region. For instance, according to Chocolate Store, Americans consume around 2.8 billion pounds of chocolate annually. Moreover, the presence of luxury chocolate brands in the region is assessed to propel market growth. Moreover, Asia Pacific is estimated to witness significant growth in the global chocolate flavors market owing to the increasing consumption and production of chocolate in the region.
Competitive Section:
Key players operating in the global chocolate flavors market include International Flavors & Fragrances, Inc., Olam International Limited, Barry Callebaut AG, Cargill, Incorporated, and Archer Daniels Midland Company.
In June 2021, Mondelēz International launched Cadbury Caramilk, which is a caramelized white chocolate.
In October 2021, Cadbury announced to launch of vegan chocolate.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Chocolate Flavors Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Chocolate Flavors Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Archer Daniels Midland Company (U.S.)
- Cargill Incorporated (U.S.)
- Barry Callebaut AG (Switzerland)
- Olam International Limited (Singapore)
- and International Flavors & Fragrances Inc. (U.S.)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Chocolate Flavors Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Bakery products
- Dairy & hot drinks
- Confectionery
- Frozen products
By Applications, the market is segmented into:
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Chocolate Flavors Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Chocolate Flavors Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Chocolate Flavors Market
1.6.1 How the Covid-19 is Affecting the Chocolate Flavors Market
1.6.1.1 Chocolate Flavors Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Chocolate Flavors Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Chocolate Flavors Market Perspective (2015-2028)
2.2 Chocolate Flavors Market Growth Trends by Regions
2.2.1 Chocolate Flavors Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Chocolate Flavors Market Historic Market Share by Regions (2015-2021)
2.2.3 Chocolate Flavors Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Chocolate Flavors Market Growth Strategy
2.3.6 Primary Interviews with Key Chocolate Flavors Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Chocolate Flavors Market Players by Market Size
3.1.1 Global Top Chocolate Flavors Market Players by Revenue (2015-2021)
3.1.2 Global Chocolate Flavors Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Chocolate Flavors Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Chocolate Flavors Market Concentration Ratio
3.2.1 Global Chocolate Flavors Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Chocolate Flavors Market Revenue in 2019
3.3 Chocolate Flavors Market Key Players Head office and Area Served
3.4 Key Players Chocolate Flavors Market Product Solution and Service
3.5 Date of entering into Chocolate Flavors Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Chocolate Flavors Market Historic Market Size by Type (2015-2021)
4.2 Global Chocolate Flavors Market Forecasted Market Size by Type (2021-2028)
5 Chocolate Flavors Market Breakdown Data by Application (2015-2028)
5.1 Global Chocolate Flavors Market Size by Application (2015-2021)
5.2 Global Chocolate Flavors Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Chocolate Flavors Market Size (2015-2021)
6.2 Chocolate Flavors Market Key Players in North America (2019-2021)
6.3 North America Chocolate Flavors Market Size by Type (2015-2021)
6.4 North America Chocolate Flavors Market Size by Application (2015-2021)
7 Europe
7.1 Europe Chocolate Flavors Market Size (2015-2021)
7.2 Chocolate Flavors Market Key Players in Europe (2019-2021)
7.3 Europe Chocolate Flavors Market Size by Type (2015-2021)
7.4 Europe Chocolate Flavors Market Size by Application (2015-2021)
8 China
8.1 China Chocolate Flavors Market Size (2015-2021)
8.2 Chocolate Flavors Market Key Players in China (2019-2021)
8.3 China Chocolate Flavors Market Size by Type (2015-2021)
8.4 China Chocolate Flavors Market Size by Application (2015-2021)
9 Japan
9.1 Japan Chocolate Flavors Market Size (2015-2021)
9.2 Chocolate Flavors Market Key Players in Japan (2019-2021)
9.3 Japan Chocolate Flavors Market Size by Type (2015-2021)
9.4 Japan Chocolate Flavors Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Chocolate Flavors Market Size (2015-2021)
10.2 Chocolate Flavors Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Chocolate Flavors Market Size by Type (2015-2021)
10.4 Southeast Asia Chocolate Flavors Market Size by Application (2015-2021)
11 India
11.1 India Chocolate Flavors Market Size (2015-2021)
11.2 Chocolate Flavors Market Key Players in India (2019-2021)
11.3 India Chocolate Flavors Market Size by Type (2015-2021)
11.4 India Chocolate Flavors Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Chocolate Flavors Market Size (2015-2021)
12.2 Chocolate Flavors Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Chocolate Flavors Market Size by Type (2015-2021)
12.4 Central & South America Chocolate Flavors Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Chocolate Flavors Market Introduction
13.4 Chocolate Flavors Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Chocolate Flavors Market Key Market Segments
Table 2. Key Players Covered: Ranking by Chocolate Flavors Market Revenue
Table 3. Ranking of Global Top Chocolate Flavors Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Chocolate Flavors Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Chocolate Flavors Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Chocolate Flavors Market Players to Combat Covid-19 Impact
Table 10. Global Chocolate Flavors Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Chocolate Flavors Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Chocolate Flavors Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Chocolate Flavors Market Share by Regions (2015-2021)
Table 14. Global Chocolate Flavors Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Chocolate Flavors Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Chocolate Flavors Market Growth Strategy
Table 20. Main Points Interviewed from Key Chocolate Flavors Market Players
Table 21. Global Chocolate Flavors Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Chocolate Flavors Market Share by Players (2015-2021)
Table 23. Global Top Chocolate Flavors Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Chocolate Flavors Market as of 2019)
Table 24. Global Chocolate Flavors Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Chocolate Flavors Market Product Solution and Service
Table 27. Date of entering into Chocolate Flavors Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 30. Global Chocolate Flavors Market Size Share by Type (2015-2021)
Table 31. Global Chocolate Flavors Market Revenue Market Share by Type (2021-2028)
Table 31. Global Chocolate Flavors Market Size Share by Application (2015-2021)
Table 33. Global Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 34. Global Chocolate Flavors Market Size Share by Application (2021-2028)
Table 35. North America Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Chocolate Flavors Market Share (2019-2021)
Table 37. North America Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 38. North America Chocolate Flavors Market Share by Type (2015-2021)
Table 39. North America Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 40. North America Chocolate Flavors Market Share by Application (2015-2021)
Table 41. Europe Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Chocolate Flavors Market Share (2019-2021)
Table 43. Europe Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Chocolate Flavors Market Share by Type (2015-2021)
Table 45. Europe Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Chocolate Flavors Market Share by Application (2015-2021)
Table 47. China Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Chocolate Flavors Market Share (2019-2021)
Table 49. China Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 50. China Chocolate Flavors Market Share by Type (2015-2021)
Table 51. China Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 52. China Chocolate Flavors Market Share by Application (2015-2021)
Table 53. Japan Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Chocolate Flavors Market Share (2019-2021)
Table 55. Japan Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Chocolate Flavors Market Share by Type (2015-2021)
Table 57. Japan Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Chocolate Flavors Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Chocolate Flavors Market Share (2019-2021)
Table 61. Southeast Asia Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Chocolate Flavors Market Share by Type (2015-2021)
Table 63. Southeast Asia Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Chocolate Flavors Market Share by Application (2015-2021)
Table 65. India Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Chocolate Flavors Market Share (2019-2021)
Table 67. India Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 68. India Chocolate Flavors Market Share by Type (2015-2021)
Table 69. India Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 70. India Chocolate Flavors Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Chocolate Flavors Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Chocolate Flavors Market Share (2019-2021)
Table 73. Central & South America Chocolate Flavors Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Chocolate Flavors Market Share by Type (2015-2021)
Table 75. Central & South America Chocolate Flavors Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Chocolate Flavors Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Chocolate Flavors Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Chocolate Flavors Market Share by Type: 2021 VS 2028
Figure 2. Global Chocolate Flavors Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Chocolate Flavors Market Report Years Considered
Figure 8. Global Chocolate Flavors Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Chocolate Flavors Market Share by Regions: 2021 VS 2028
Figure 10. Global Chocolate Flavors Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Chocolate Flavors Market Share by Players in 2019
Figure 13. Global Top Chocolate Flavors Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Chocolate Flavors Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Chocolate Flavors Market Revenue in 2019
Figure 15. North America Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Chocolate Flavors Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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