Chocolate Flavors Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025

Report Code: FBR 40375 Report Format: PDF + Excel (Delivery in 48 Hrs)

Chocolate Flavors Market Overview

Chocolate Flavors Market size is estimated to be 352.6 Million in 2019, growing at a CAGR of 4.8% during the forecast period 2020-2025. Chocolate flavors are well known for its cocoa content which contains nutritious flavonoids, which are antioxidants that provides several health benefits including “heart-protecting”, anti-inflammatory, brain boosting, mood lifting properties. Moreover, they are used as a flavoring agent in various beverage and food industry. Rising health benefits of chocolate flavors owing to its nutritional benefits to increase blood flow to the hearts and break up clumps of white blood cells that block arteries are further propelling its demand in the market. In addition, the flavonols found in dark chocolates are thought to support healthy blood vessel function. Furthermore, Harvard Medical School doctors suggested that it may decrease the risk of heart disease, stroke and heart failure and it may also lower (LDL) cholesterol. Moreover, The Food and Drug Administration does not have a standard of identity for dark chocolates as a type of chocolate. To be marketed, as milk chocolate, a product must contain at least 10 percent chocolate liquor, at least 3.39 percent milkfat and at least 12 percent milk solids. In March 2017 Firmenich officially started the construction of its new world-class manufacturing facility dedicated to flavors in Zhangjiagang, China.

Report Coverage

The report: “Chocolate Flavors Market Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Chocolate Flavors Market.
By Application Type- Confectionary, Dairy and Hot Drink, Bakery Product, Frozen Product, Convenience Product and Others.
By Geography-North America, Europe, Asia-Pacific and Rest of the World.

Key Takeaways

  • Confectionary segment held the largest market share in the year 2019 owing to the increasing demand of candies, candied nuts, chocolates, chew gum and others.
  • Europe contributed to the largest market share of more than 29% owing to the presence of large dominant players in the region including Nestle, Cadbury NZ and Givaudan S A.
  • Increasing awareness among consumers regarding nutritional benefits of Chocolate Flavors owing to the presence of flavonoids is a significant factor driving the Chocolate Flavors market during the forecast period 2020-2025

By Application- Segment Analysis 

By Application, the Chocolate Flavors is segmented into confectionary, dairy and hot drink, bakery product, frozen product, convenience product and others. Confectionary segment held the largest market share in the year 2019 owing to the increasing demand of candies, candied nuts, chocolates, chew gum and others. Product launches, acquisition and the trend of gifting confectionary products is further contributing to its market growth. Moreover, in December 2019, 3dChef partnered with a number of confectionary firms to develop next-generation candies, sweets and decorations for the pastry industry. Also, dairy and hot drink segment is projected to witness growth at fastest CAGR of 5.6% in forecast period 2020-2025. By adding flavors and formulating dairy products, producers around the world are reaching whole new consumer groups with tasty and healthy products. Formulations may involve extra vitamins, minerals, proteins and other ingredients like omega-3 or fibre to make a product even healthier. Other formulated product includes lactic acid drink (LAD), tea whitener and formulated cream.

Geography- Segment Analysis

Europe contributed to the largest market share of more than 29% owing to the presence of large dominant players in the region including Nestle, Cadbury NZ and Givaudan S A. Increasing demand of natural chocolate flavors among consumers owing to its health benefits have highly supported its regional demand. Moreover, according to Barry Callebaut, caramel is the third most derived flavor in chocolate confectionary in Western Europe after hazelnut and almond. North America chocolate flavors market is another dominant market owing to the presence of Archer Daniel Midland Company. Moreover, in March 2019 Archer Daniel adds another natural citrus to the mix with Ziegler Group acquisition.

Drivers – Chocolate Flavors Market

  • Increasing Awareness Among Consumer Regarding Nutritional Benefits of Chocolate Flavors 

Increasing awareness among consumers regarding nutritional benefits of Chocolate Flavors owing to the presence of flavonoids is a significant factor driving the Chocolate Flavors market during the forecast period 2020-2025. Moreover, the chocolates flavors are rich in fiber, iron, magnesium, copper and manganese. In addition, a chemical called epicatechin found in cocoa and green tea help prevent the brain against the formulation of sticky protein or amyloid plaques which develops in Alzheimer disease. Furthermore, the Journal of Nutrition suggested that the chocolate consumption might help reduce low-density lipoprotein (LDL) cholesterol levels also known as “bad cholesterol”.

  • Increasing Demand of Chocolate Flavors in Beverage Industry

Increasing demand of chocolate flavors in beverage industry is a major factor driving the Chocolate Flavors Market during the forecast period 2020-2025. Growing developments and product launches by major players is further contributing to its market growth. For instance, in April 2019 Flavorchem Corporation a leader in the manufacturing of flavor and color solutions, continues its commitment to innovation with its new-state-of-the art pilot plant using the latest in thermal processing capabilities. The fully automated, custom-designed thermal processing unit allows Flavorchem to stimulate HTST, UHT and aseptic conditions with both indirect heating and direct steam injection, allowing products to be tested prior to production.

Challenges – Chocolate Flavors Market 

  • Short-Self Life

Short-shelf life of chocolates are some of the factors that may impede the growth of Chocolate Flavors Market during the forecast period 2020-2025. Milk chocolate has a self-life range of six months to nine months owing to the milk fat part of the milk that oxidizes or goes rancid faster than cocoa butter. In addition, the higher milk content in chocolate the shorter the life span. Furthermore, adding nuts to chocolate eventually decrease the self-life in term of boom and rancidity. Nut oils migrate quickly to the surface of the chocolate causing bloom, and the oils behave similarly to milk fat in which they oxidize faster.

Chocolate Flavors Market Industry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Chocolate Flavors Market. Chocolate Flavors Market top 10 companies are Archer Daniel Midland Company, Barry Callebaut, Blommer Chocolate Company, Cargill Incorporated, Cemoi Group, Frutarom Industry Ltd, Givaudan S A, International Flavor and Fragrance Inc., Olam International Ltd and Puratos Group.

Acquisitions/Product Launches

  • January 2018: Barry Callebaut introduced sensory language and tasting rituals for chocolates enabling brands and artisans to help consumer appreciate chocolate even more than they do today.
  • August 2019: Barry Callebaut introduced Bensdorp natural dark a flavorful 100% natural, dark cocoa powder which can be used in major application segments such as bakery and pastry creation, cold drinks & beverages and ice-creams.

1. Chocolate Flavors Market - Overview
        1.1 Definitions and Scope
2. Chocolate Flavors Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Chocolate Flavors Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Chocolate Flavors Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Chocolate Flavors Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Chocolate Flavors Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Chocolate Flavors Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Chocolate Flavors Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Chocolate Flavors Market - By Type (Market Size -$Million / $Billion)
10. Chocolate Flavors - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Confectionery
            10.3.2 Dairy & Hot Drink
            10.3.3 Bakery Product
            10.3.4 Frozen Product
            10.3.5 Convenience Product
            10.3.6 Other Food Product
11. Chocolate Flavors- By Geography (Market Size -$Million / $Billion)
        11.1 Chocolate Flavors Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Chocolate Flavors- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Chocolate Flavors- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Chocolate Flavors - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Chocolate Flavors - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Chocolate Flavors Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Chocolate Flavors Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Chocolate Flavors Market - Key Company List by Country Premium
15. Chocolate Flavors Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Archer Daniel Midland Company
        15.3 Barry Callebaut
        15.4 Blommer Chocolate Company
        15.5 Cargill, Incorporated
        15.6 Cemoi Group
        15.7 Frutarom Industry Ltd
        15.8 Givaudan S A
        15.9 International Flavor & Fragrance Inc
        15.10 Olam International Ltd
        15.11 Puratos Group
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Chocolate Flavors Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Chocolate Flavors Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Chocolate Flavors Market Size 2018
2 Canada Chocolate Flavors Market Share 2018
3 Brazil Chocolate Flavors Market Outlook 2019 - 2023
4 Mexico Chocolate Flavors Market Research 2018
5 Germany Chocolate Flavors Market Trends 2019 - 2023 
6 France Chocolate Flavors Market Growth 2019 - 2023 
7 UK Chocolate Flavors Market Demand 2019 - 2023 
8 Italy Chocolate Flavors Market Segmentation 2018
9 Russia Chocolate Flavors Market Analysis 2019 - 2023
10 China Chocolate Flavors Market Revenue 2019 - 2023
11 Japan Chocolate Flavors Market Volume 2019 - 2023
12 South Korea Chocolate Flavors Market Potential 2019 - 2023
13 India Chocolate Flavors Market Leaders 2018
14 Saudi Arabia Chocolate Flavors Market Forecast 2019 - 2023 
15 Kuwait Chocolate Flavors Market Value 2018

List of Figures

For complete list of 60+ tables and 60+ figures follow the Link