Chinese real and compound chocolate Market is projected to reach 340243.54 tons at a CAGR of 5.90% by 2022
Jun 28, 2017
Chinese real and compound chocolate Market is poised to reach 340,243.54 Tons in 2022, to grow at a CAGR of around 5.90% during the forecasted period.
Pune, India - June 28, 2017 /MarketersMedia/ —
The Chinese real and compound chocolate market has witnessed continued demand during the last few years and is projected to reach 340243.54 tons at a CAGR of 5.90% by 2022 in terms of volume. Chinese real and compound chocolate market has witnessed substantial innovation in inclusion of various healthy ingredients including exotic fruits and vegetables. Most of the chocolate produced in China is not consumed as such, rather used as an ingredient in preparation of cakes, ice-cream coatings, biscuits and other confectionery goods. Hence, compound chocolate dominates the Chinese market in terms of volume in 2015. Chinese consumers are health conscious so they keep a watch on sugar and calorie intake, hence dark chocolate will dominate the market.
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Among the various main ingredients of real chocolate, cocoa beans will dominate the Chinese Real market by type and is projected to reach 64,127.70 tons at a CAGR of 6.60% by 2022 in terms of volume. Cocoa paste will be fasted growing market at CAGR 6.73% and is estimated to reach 34,450.38 tons. Non-cocoa powder chocolate dominates among the various main ingredients of compound chocolate and is projected to reach at 59,993.79 tons will grow at a CAGR of 5.30% by 2022 in terms of volume in Chinese compound chocolate.
Key Findings
1) Real dark chocolate is expected to witness a highest growth rate 6.31%
2) Compound dark chocolate is expected to witness a highest growth rate 5.90%
3) Rise in demand for sweeteners from the range of food & beverage sector will grow at CAGR 6.59%
4) In China Southeast region dominates the market.
Key Players in Chinese real and compound chocolate market are:
Mars Inc. (U.S.), Mondelez International, Inc. (U.S.), Hershey Co. (U.S.), Nestle SA (Switzerland), Puratos Group (Belgium), Ferrero (Italy), Barry Callebaut (Switzerland), Jieshou Zhaolong Foods Co, and Yake (China) Co
Target Audience
1) Chocolate manufacturers
2) Food and beverages manufacturers
3) Bakeries
4) Nutraceuticals
5) Personal Care
6) Retailers & wholesalers
7) E-commerce companies
8) Traders, importers and exporters
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Source: MarketersMedia
Release ID: 212176
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