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The North America compound chocolate market size was valued at USD 7.51 billion in 2023. The market is further projected to grow at a CAGR of 6.0% between 2024 and 2032, reaching a value of USD 12.75 billion by 2032.
Preference of Compound Chocolate Over Courverture Chocolate
The stability of compound chocolate surpasses that of courverture chocolate due to the absence of milk fat, which is prone to oxidation. This attribute grants compound chocolate a more extended shelf life compared to courverture chocolate. Furthermore, it possesses a lower moisture content than courverture chocolate, reducing its tendency to melt at room temperature. This quality facilitates the use of compound chocolate in food products that need to remain solid at room or cooler temperatures.
The cost of compound chocolate is more budget-friendly than that of courverture chocolate, attributed to the use of less expensive ingredients in its production. Consequently, compound chocolate represents a cost-effective option for the food industry, aiding the North America compound chocolate market growth.
United States Bakery Market Overview
The bakery market in the US is projected to expand at an annual growth rate of around 3% from 2024 to 2032. Within this market, bread and rolls, along with cakes, pastries, and sweet pies, represent the two most significant segments. As baked products remain essential in the majority of homes, the trend towards healthier options within this sector offers an easy method for individuals to pursue their health and wellness objectives, with a significant focus on reducing sugar intake.
The leading players in the North American bakery market includes Associated British Foods plc, Finsbury Food Group Plc, General Mills, Inc, Grupo Bimbo, S.A.B. de C.V, and MondelÄz International, Inc.
North America Compound Chocolate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Form
Market Breakup by Application
Market Breakup by Region
The leading companies in the North American market of compound chocolates are undertaking innovation activities and production expansion plans to remain competitive.
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 Share 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 North America Compound Chocolate Market Overview
9.1 Key Industry Highlights
9.2 North America Compound Chocolate Historical Market (2018-2023)
9.3 North America Compound Chocolate Market Forecast (2024-2032)
10 North America Compound Chocolate Market by Type
10.1 Dark
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Milk
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 White
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Compound Chocolate Market by Form
11.1 Chocolate Chips
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chocolate Drops
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Chocolate Chunks
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Chocolate Slab
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Chocolate Coatings
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 North America Compound Chocolate Market by Application
12.1 Bakery
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Confectionery
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 North America Compound Chocolate Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Puratos Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Cargill, Incorporated
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Fuji Oil Holdings Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Foley's Chocolates
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AAK AB
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Barry Callebaut AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Blommer Chocolate Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Nestlé S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 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. North America Compound Chocolate Market: Key Industry Highlights, 2018 and 2032
3. North America Compound Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
4. North America Compound Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. North America Compound Chocolate Historical Market: Breakup by Form (USD Billion), 2018-2023
6. North America Compound Chocolate Market Forecast: Breakup by Form (USD Billion), 2024-2032
7. North America Compound Chocolate Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Compound Chocolate Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Compound Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Compound Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Compound Chocolate Market Structure
In 2023, the market reached an approximate value of USD 7.51 billion.
The market is expected to grow at a CAGR of 6.0% between 2024 and 2032.
The compound chocolate market in North America is expected to reach a value of USD 12.75 billion by 2032.
Key factors propelling the market growth include rising customer interest for plant-based compound chocolates and growing demand for bakery and confectionery products in the region.
Key trends fuelling the market expansion include the growing interest in compound chocolate made from 100% certified sustainable cacao and demand for tailor-made compound chocolate products.
Major countries in the market are the United States and Canada.
Compound chocolates are used in multiple applications, such as bakery, confectionery, frozen desserts and ice cream, beverages, and cereals.
Key players in the market are Puratos Corporation, Cargill, Incorporated, Fuji Oil Holdings Inc., Foley's Chocolates, AAK AB, Barry Callebaut AG, Blommer Chocolate Company, and Nestlé S.A, among others.
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