The natural and organic trend in the F&B sector is likely to be the prime influencer of the chocolate flavoring compounds market. Manufacturers in the chocolate Flavoring compounds market are actively engaged in introducing organic or natural chocolate Flavoring compounds. In addition, demand for chocolate Flavoring compounds is on the rise owing to the presence of high polyphenol levels in the cocoa or chocolate that are nutritionally beneficial.
In addition, several epidemiological studies have observed that intake of dark chocolate rich in polyphenol can prevent heart-related diseases, in turn increasing importance of chocolate flavoring compounds. Dissemination of knowledge regarding health benefits of chocolate is likely to bode well for the chocolate Flavoring compounds market in the near future.
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Growing appetite for chocolate flavor and increasing popularity of chocolates is another driver propelling the growth of the chocolate flavoring compounds market. In particular, the flourishing supplement industry has identified consumers’ palate for chocolate flavors and have introduced a range of chocolate-flavored protein and nutritional supplements, in turn driving the chocolate flavoring compounds market.
Market Outlook for Chocolate Flavoring Compounds Market
A chocolate flavoring compound is a mixture of various ingredients such as vegetable fats, sugars, cocoa powder and other flavors which are used to impart chocolaty flavor to the desired food product. Chocolate flavoring compounds are the base ingredients used to manufacture commercially consumed confectionery chocolates.
Despite the growing health trends, the chocolate flavoring compounds market is expected to witness growth due to modifications in the traditionally consumed chocolate flavoring compounds such as reduction of sugar and protein fortification. Basically, according to the standards set by the FDA, chocolate flavoring compounds are more flexible than chocolate standards and hence can be developed into a wide range of varieties with respect to flavor, color and performance.
In addition, marketing the chocolate flavoring compounds which can be paired with vegetables and other protein-rich foods are also enabling the manufacturers to expand their consumer base by targeting the health conscious demo graph.
Global Chocolate Flavoring Compounds Market: Key Players
Some of the key players operating in the global chocolate flavoring compounds market are
- Clover Hill Food Ingredients Ltd
- Cargill, Incorporated
- ADM WILD Europe GmbH & Co.KG
- Nestlé
- Wilmar International Limited
- PURATOS
- Shellz Overseas Pvt. Ltd.
- INFORUM Group
- Buhler AG,Barry Callebaut
- Unigrà S.r.l.
- Blommer Chocolate Company
- CEMOI
- HERZA Schokolade GmbH & Co. KG.
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Global Chocolate Flavoring Compounds Market: Key Takeaways
In 2016, the company Puratos a launched a new product- 100% sustainable cocoa powder premium compound coatings. In 2012, the company also adopted the use of certified sustainable palm oil in its compound products.
In 2017, Wilmar International partnered with Aalst Chocolate Pte Ltd, which is a chocolate manufacturer based in Singapore to produce chocolate and compounds.
Opportunities for Chocolate Flavoring Compounds Market Participants
The chocolate flavoring compounds manufacturers have the opportunity to develop chocolate compounds which are not only low in sugar but are also lactose-free. Also, the chocolate flavoring compounds could be developed to make it more sustainable following consumer sensitivity towards eco-friendly and sustainably produced products.
Another important strategy is the repositioning of the chocolate flavoring compounds by marketing it with clean label tagline. This will allow the consumers to indulge yet fulfill their health related diet regime. The chocolate flavoring compounds could also be marketed as premium products as consumers are often ready to pay more for premium products.
Key Data Points Covered in the Report
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Chocolate Flavoring Compounds Market: Segmentation
The chocolate flavoring compounds market is segmented on the basis of product type, product form and end use.
On the basis of product type, the chocolate flavoring compounds market is segmented as-
- Dark
- Regular
On the basis of product form, the chocolate flavoring compounds market is segmented as-
- Solid
- Paste
On the basis of end use, the chocolate flavoring compounds market is segmented as-
- Variegates
- chocolate beverages
- Bakery
- Frozen desserts
- Confectionery
- Dairy
- Snacks
- Sauces & spreads
- Convenience food
- Others
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