Chocolate Flavor Market by Application and Geography

The market value of chocolate flavor is set at grow from $116.96 milliongrowing at a CAGR of 5.24% from 2020 to 2025, according to the latest Technavio report

Chocolate Flavors Market: Segmentation Analysis and Forecast

The market is segmented by application (food products and beverage products). The growth of the chocolate flavor market share by foodstuffs will be significant during the forecast period. Chocolate flavor is used in various food products, such as bakery products, confectionery, dairy products and frozen products. The wide range of chocolate flavor applications in various food categories is expected to increase the sales of these products and thus contribute significantly to the growth of this segment of the global chocolate flavor market over the forecast period.

Chocolate Flavor Market: Regional Analysis and Forecast

The market is segmented by geography (Europe, North AmericaACPA, South America, and MEA). 53% of market growth will come from Europe during the forecast period. UK, Germanyand France are the main chocolate flavor markets in Europe. Market growth in this region will be faster than market growth in other regions. The growth of the chocolate flavoring market in Europe is mainly driven by the growing demand for natural chocolate flavors among consumers in the region. Growing consumer awareness of the harmful effects of synthetic and artificial chocolate flavors has resulted in increased consumer preference for natural chocolate flavors.

Chocolate Flavor Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.24%

Market Growth 2021-2025

$116.96 million

Market structure

Fragmented

Annual growth (%)

4.64

Regional analysis

Europe, North America, APAC and South America

Successful market contribution

Europe at 53%

Main consumer countries

United States, United Kingdom, Germany, Canada and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Archer Daniels Midland Co., Barry Callebaut AG, Blommer Chocolate Co., Givaudan SA, Olam International Ltd., Puratos NV/SA, Sensient Technologies Corp., Symrise AG, Takasago International Corp. and The MANE Group

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

One of the key factors driving the growth of the chocolate flavors market is the growing popularity of chocolate flavored baked goods. Flavors include the full range of sensations that consumers perceive when consuming food and beverage (F&B) products and are used to enhance the taste of the product. Chocolate is one of the most commonly used flavors in sweet baked goods such as pastries, cakes and cookies and is commonly consumed around the world. The addition of chocolate flavoring in these types of baked goods imparts a characteristic taste and helps to enhance the taste of the food, thus making it more appealing to consumers. Due to its intense richness and taste, chocolate flavor is used in baked goods to enhance their taste. As a result, chocolate flavor is used in a wide range of baked goods. For example, couverture chocolate is used as a popular coating in most baked goods, such as pastries and cookies. This is expected to have a positive impact on the growth of the global chocolate flavor market over the forecast period.

Get a deeper dive into the latest market trends, challenges, sharing, new revenue streams, and top customers. Learn more

Strict food safety regulations and guidelines is one of the major challenges hindering the growth of the chocolate flavors market. The global chocolate flavor market is subject to various stringent food safety regulations to ensure that the flavor quality meets industry standards and does not impose any health risks. The imposition of such regulations, however, could pose a challenge to manufacturers of food flavors, including chocolate flavors, as they must comply with these regulations while manufacturing chocolate flavors and maintaining standard quality. There are several government agencies around the world that maintain a list of regulations regarding the safety of different types of flavorings used in a variety of food products. For example, in the United States, food flavorings, including chocolate flavorings, are regulated by the FDA. Therefore, there are several regulatory bodies that monitor consumer food safety by implementing regulations regarding flavorings used in food products. Any non-compliance with these aforementioned food safety regulations leads to product recalls at any stage of the supply chain and heavy fines to manufacturers. This, in turn, is expected to have a negative impact on the growth of the global chocolate flavor market over the forecast period.

Chocolate Flavor Market: Vendor Analysis and Forecast

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Archer Daniels Midland Co.
  • Barry Callebaut SA
  • Blommer Chocolate Factory.
  • Givaudan AG
  • Olam International Ltd.
  • Puratos NV/SA
  • Sensient Technologies Corp.
  • Symrise AG
  • Takasago International Corp.
  • The MANE Group

The chocolate flavor market is fragmented and sellers deploy growth strategies such as launching new chocolate flavor products to compete in the market.

Related reports include

Organic Chocolate Market by Type and Geography Forecast and Analysis 2022-2026: The market share of organic chocolate is expected to increase to $137.54 million by 2026, and the growth momentum of the market will accelerate at a CAGR of 2.71%. Find more exclusive research information here

Cocoa Beans Market by Product Type, Application and Geography – Forecast and Analysis 2022-2026: Cocoa beans market share is expected to grow by USD 2.86 billion from 2021 to 2026, at a CAGR of 4.2%. Find more exclusive research information here

Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • Food products – Market size and forecast 2020-2025
  • Beverage products – Market size and forecast 2020-2025
  • Market Opportunity by Application

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Archer Daniels Midland Co.
  • Barry Callebaut SA
  • Blommer Chocolate Factory.
  • Givaudan AG
  • Olam International Ltd.
  • Puratos NV/SA
  • Sensient Technologies Corp.
  • Symrise AG
  • Takasago International Corp.
  • The MANE Group

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio

Comments are closed.