From Globe Newswire: 2025-02-10 08:30:00

The global compound chocolate market is projected to reach US$27.5 billion in 2024, with a CAGR of 4.8% from 2024 to 2034. Compound chocolate’s cost-effectiveness and heat stability make it popular, especially in tropical regions. Major players include Barry Callebaut, Cargill, and ADM. Companies are focusing on sustainability and expanding into emerging markets. In 2022, Barry Callebaut introduced a new generation of chocolate aligned with consumer preferences.

Barry Callebaut and Cargill are key players driving the compound chocolate market. In 2022, Barry Callebaut began constructing a new facility in India, while Cargill launched an upgraded NatureFresh Professional Chocolate Indulgence Range. The demand for dairy-free chocolate is rising due to consumer allergies and lactose intolerance. The global market for candy and chocolate manufacture is expected to grow at a CAGR of 2.4%.

The global dark chocolate market is anticipated to reach US$69.97 billion by 2024. Industrial chocolate market is expected to grow at a CAGR of 4.5%, reaching US$97 billion by 2033. Vegan milk is used to make dairy-free chocolate. Halloumi cheese sales are projected to surpass US$1.2 billion by 2033. Fact.MR provides comprehensive market reports and business insights to assist companies in navigating dynamic market challenges.



Read more at Globe Newswire: Compound Chocolate Industry on Track for $44.1 Billion