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Africa Compound Chocolate Market Size, Share, Growth, Forecast: By Type: Dark Chocolate, White Chocolate, Milk Chocolate; By Form: Chocolate Chips/Drops/Chunk, Chocolate Coatings, Chocolate Slab, Other; By Application: Bakery, Confectionary, Frozen Desserts and Ice-Cream, Others; Regional Analysis; Competitive Landscape; 2024-2032
Africa Compound Chocolate Market Outlook
The Africa compound chocolate market size is projected to grow at a CAGR of 6.90% between 2024 and 2032. The major drivers of the market include rising disposable incomes and expansion of the frozen desserts sector.
Key Trends in the Market
Compound chocolate is derived from the combination of sugar, milk, vegetable fats such as coconut oil, kernel oil, and soy, and emulsifiers, with cacao bean as its main ingredient. It is commonly referred to as baker’s chocolate, non-temper coating, confectionary coating, and coating chocolate.
- Changing lifestyle and altering eating habits of children are boosting the Africa compound chocolate market growth. Increased consumption of cereals is fuelling the requirement for compound chocolate as various manufacturers are introducing chocolate flavours in order to appeal to young children.
- Increasing consumption of compound chocolate among consumers in Africa owing to rising disposable incomes and changing eating patterns, along with the rising applications of compound chocolate in various food products including cookies, pastries, and cakes in the form of coatings, chunks, and drizzles is aiding the market growth.
- Growing health consciousness among consumers is positively the expansion of the compound chocolate market in Africa. Introduction of healthy chocolate alternatives such as low sugar or sugar free compound chocolates is broadening the consumer base of the product in Africa.
Africa Compound Chocolate Market Analysis
Based on type, the market is segmented into dark chocolate, white chocolate, and milk chocolate. By form, the market is divided into chocolate chips/drops/chunk, chocolate coatings, and chocolate slab, among others. On the basis of application, the market is categorised into bakery, confectionary, frozen desserts and ice-cream, beverages, and cereals, among others. On the basis of country, the Africa compound chocolate market segmentation includes South Africa, Egypt, Nigeria, and Algeria, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Puratos Group
- Cargill, Incorporated
- Ferrero International SA
- The Bühler Holding AG
- Mondelēz International, Inc.
- Fuji Oil Holdings Inc.
- Meiji Group
- Lindt & Sprungli AG
- Cocoa Processing Company Limited
- Cémoi Group
- Others
Market Share by Application
Bakeries are anticipated to account for a significant Africa compound chocolate market share owing to the rising applications of compound chocolate in the baking industry. Compounds chocolates are widely used in baked products such as cakes, cookies, and pastries either as a core ingredient or for decorative purposes. The utilisation of compound chocolates for coating on baked products boosts the aesthetic appeal of the item while having no detrimental effects on the shelf life of the product.
Market Share by Type
Milk chocolates are expected to hold a significant share of the market owing to the growing popularity of milk chocolates in Africa. The sweet and creamy flavour of the milk compound chocolate due to the presence of cocoa solid, sugar, cocoa butter, and milk powder is increasing its demand. The smooth texture makes it suitable for various applications such as baking and for preparation of frozen desserts, fuelling the Africa compound chocolate market demand.
Competitive Landscape
Puratos Group was founded in 1919 and is headquartered in Brussels, Belgium. The company offers a range of innovative food ingredients and services for chocolate, bakery, and patisserie sectors around the globe.
Cargill, Incorporated is private food company that was founded in 1865 and is headquartered in Minnesota, United States. The company is known for processing poultry, value added egg and meat, and beef products to the food service companies.
Ferrero International SA was established in 1946 and has its headquarters located in Alba, Italy. The multinational company manufactures branded confectionary and chocolate products and sells them to their consumers across the globe.
Other market players include The Bühler Holding AG, MondelÄ“z International, Inc., Fuji Oil Holdings Inc., Meiji Group, Lindt & Sprungli AG, Cocoa Processing Company Limited, and Cémoi Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Compound Chocolate Market Overview
8.1 Key Industry Highlights
8.2 Global Compound Chocolate Historical Market (2018-2023)
8.3 Global Compound Chocolate Market Forecast (2024-2032)
8.4 Global Compound Chocolate Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Africa Compound Chocolate Market Overview
9.1 Key Industry Highlights
9.2 Africa Compound Chocolate Historical Market (2018-2023)
9.3 Africa Compound Chocolate Market Forecast (2024-2032)
10 Africa Compound Chocolate Market by Type
10.1 Dark Chocolate
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 White Chocolate
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Milk Chocolate
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Africa Compound Chocolate Market by Form
11.1 Chocolate Chips/Drops/Chunk
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chocolate Coatings
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chocolate Slab
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Other
12 Africa Compound Chocolate Market by Application
12.1 Bakery
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Confectionary
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Frozen Desserts and Ice-Cream
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Beverages
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Cereals
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Africa Compound Chocolate Market by Country
13.1 South Africa
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Egypt
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Algeria
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Puratos Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Cargill, Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ferrero International SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Bühler Holding AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mondelēz International, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Fuji Oil Holdings Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Meiji Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Lindt & Sprungli AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Cocoa Processing Company Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Cémoi Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Compound Chocolate Market: Key Industry Highlights, 2018 and 2032
2. Africa Compound Chocolate Market: Key Industry Highlights, 2018 and 2032
3. Africa Compound Chocolate Historical Market: Breakup by Type (USD Million), 2018-2023
4. Africa Compound Chocolate Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Africa Compound Chocolate Historical Market: Breakup by Form (USD Million), 2018-2023
6. Africa Compound Chocolate Market Forecast: Breakup by Form (USD Million), 2024-2032
7. Africa Compound Chocolate Historical Market: Breakup by Application (USD Million), 2018-2023
8. Africa Compound Chocolate Market Forecast: Breakup by Application (USD Million), 2024-2032
9. Africa Compound Chocolate Historical Market: Breakup by Country (USD Million), 2018-2023
10. Africa Compound Chocolate Market Forecast: Breakup by Country (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Africa Compound Chocolate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 6.90% between 2024 and 2032.
The major market drivers include rising disposable incomes and expansion of the frozen desserts sector.
The key trends fuelling the growth of the market include rising health consciousness and increasing utilisation in baked products.
The applications of compound chocolates include bakery, confectionary, frozen desserts and ice-cream, beverages, and cereals, among others.
The major countries in the market are South Africa, Egypt, Nigeria, and Algeria, among others.
The significant types of compound chocolates available in the market are dark chocolate, white chocolate, and milk chocolate.
The various forms of compound chocolates include chocolate chips/drops/chunk, chocolate coatings, and chocolate slab, among others.
The key players in the market are Puratos Group, Cargill, Incorporated, Ferrero International SA, The Buhler Holding AG, Mondelez International, Inc., Fuji Oil Holdings Inc., Meiji Group, Lindt & Sprungli AG, Cocoa Processing Company Limited, and Cémoi Group, among others.
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