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Chocolate Flavors Market worth $350 Million by 2019
The report “Chocolate Flavors Market by Application (Confectionery, Dairy & Hot Drinks, Bakery Products, Frozen Products, Convenience Products, Others) & Region (North America, Europe, Asia-Pacific, Latin America, Rest of the World) - Global Trends & Forecast to 2019”, defines the chocolate flavors industry and segments it on the basis of usage in various applications and regions. The segmentation includes the key applications and regions. This report offers analyses and projections of the market size of each of the segments for chocolate flavors, in terms of value. It also identifies the driving and restraining factors for the chocolate flavors market, with an analysis of trends, opportunities, drivers, restraints, and challenges.
Browse 84 market data tables and 67 figures spread through 190 pages and in-depth TOC on “Chocolate Flavors Market by Application (Confectionery, Dairy & Hot Drinks, Bakery Products, Frozen Products, Convenience Products, Others) & Region (North America, Europe, Asia-Pacific, Latin America, Rest of the World) - Global Trends & Forecast to 2019"
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The chocolate flavors market is projected to grow at a CAGR of 5.0% to be valued at more than $350 million by 2019.
The chocolate flavors market is driven by increasing sustainable cocoa production and supply chains, growing economies, increasing seasonal demands, and demand for functional foods that have a potentially positive effect on health.
Annual Chocolate Flavors Market Size Analysis, 2012–2019 ($Thousand)
E – Estimated, P – Projected
Source: Company Website, Company Annual Reports, FAO, ICCO, COMTRADE, and MarketsandMarkets Analysis
The chocolate flavors market is projected to grow with the increasing seasonal & festive demand and awareness regarding health and nutrition. The market size includes application of cocoa powder in different food sectors. The market in Europe is projected to grow at the highest CAGR due to the rising standard of living and growing demand for functional foods. Consumers are interested in purchase of cocoa & chocolate products as chocolate flavors are becoming a preferred additive in various food & beverage applications.
The key players in the market have adopted innovative product offerings and expansion & investment as strategies to garner a larger share in the market. During the review period of January 2010 to February 2015, the key active players in the chocolate flavors market were Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), and Barry Callebaut AG (Switzerland).
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