-- Chinese Real and Compound Chocolate Market Research Report includes various topics like total Market Size, Key Market Drivers, Challenges, Growth Opportunities, Industry Share, Growth, Demand, Outlook etc. Furthermore, it covers key market updates, the impact of regulations and technological updates in. The report addresses the need to stay updated in this competitive market conditions and this provides and comprehensive data for making strategies and decision to stimulate the market growth and profitability.
Market Analysis:
The global Chinese real and compound chocolate market volume is poised to touch 340, 243.54 tons at 5.90% CAGR over the estimated years. Chocolates are of two types- real and compound coatings. Although they appear similar, but they are different. Knowing the type to use will make the difference with the candy making and chocolate dipping. The distinct difference here is the oil or lipid (fat) used for producing the product. Real chocolate is sweetened with sugar and made with cocoa beans of moderate quality. It has very low content of cocoa butter and is enough thick when it is melted. Real chocolate is mostly used in baking. Compound chocolate is made from cocoa, sweeteners and vegetable fat. This is a lower-cost substitute to true chocolate. Most of the chocolate that is produced in China is used to prepare cakes, biscuits, ice-cream coatings and other forms of confectionery goods.
There are abundant factors that is propelling the growth of the Chinese real and compound chocolate market. These factors as per the MRFR (Market Research Future) report include growing demand from bakeries as well as food and beverages industry, chocolate products in China are bought as gifts for different functions/occasion/special days such as birthdays, anniversaries, valentine’s day, weddings and new year, increase in per capita income, urbanization, snacking of chocolate between meals during college, school and office hours, burgeoning demand for cocoa butter in beauty care products, diverse application in various industries and availability of different chocolate flavored nutraceutical products namely weight gain supplement, weight loss supplement and whey supplements. The additional factors include good investments made in the research and development by chocolate manufacturers for discovering new application of real & compound chocolate, new product innovations, increasing disposable income, growing urban population, chocolate gift giving culture in China, product efficiency and low cost of raw materials.
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Key Players:
Leading players profiled in the Chinese real and compound chocolate market include Yake (China) Co, Jieshou Zhaolong Foods Co, Barry Callebaut (Switzerland), Ferrero (Italy), Puratos Group (Belgium), Nestle SA (Switzerland), Hershey Co. (U.S.), Mondelez International, Inc. (U.S.), Mars Inc. (U.S.) and others.
Industry News:
March 2019- Barry Callebaut has opened a Chocolate Academy and new office in Beijing. Burgeoning demand for superior quality chocolate products coupled with the desire for serving Chinese customers better has prompted in the opening of this new office.
Market Segmentation:
MRFR report offers a broad segmental analysis of the Chinese real and compound chocolate market on the basis of main ingredient, type, form, application, packaging, category and distribution channel.
Based on main ingredient, real chocolate is segmented into cocoa liquor, fat and oil, cocoa butter, cocoa beans and compound chocolate is segmented into fillings, vegetable fat and oil, non-cocoa powder, cocoa powder and others. Of these, cocoa beans will have the maximum share in the market.
Based on type, real chocolate is segmented into white, milk and dark and compound is segmented into filled, white, milk and dark. Of these, milk real chocolate will rule the market.
Based on form, real chocolate is segmented into cube, bar, pieces/flakes, cartoon, ball and others and compound chocolate is segmented into cartoon, cube, paste, piece and others.
Based on application, it is segmented into nutraceutical, personal care, food and beverage, bakery/pastry and others.
Based on packaging, it is segmented into family block, boxed, single/multiples and others.
Based on category, it is segmented into chocolate confectionery, tablets, countline, boxed assortments and others.
By distribution channel, it is segmented into non-store based, store-based and others. Of these, store-based will lead the market as consumers have a tendency of buying real chocolates in the store by checking the packaging, key ingredients and expiry date.
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Regional Analysis:
The Chinese real and compound chocolate market is segmented into Southwest, Northeast, South, Central and Southeast. Of these, the Southeast region will dominate the market owing to urbanization and increasing per capita disposable income. The Eastern part is likely to grow at a high pace over the estimated years. Leading players are focusing in various promotional activities to boost the volume sales.
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Release ID: 503924
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