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The India Compound Chocolate Market Growth Globally at a rate of 13.8% in the forecast period 2022 to 2028
The India Compound Chocolate Market Size
India compound chocolate market is segmented on the basis of basis of type, sweetness, chocolate form, flavour, vegetable fat, function and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, India compound chocolate market is segmented into milk chocolate, dark chocolate, and white chocolate. In 2021, dark chocolate is anticipated to dominate the market owing to its high nutritional content and number of health benefits.
On the basis of sweetness, India compound chocolate market is segmented into sweet, semi-sweet and regular. In 2021, regular is anticipated to dominate the market as manufacturers prefer the use of regular compound chocolate for bakery products, which is a leading segment in food and beverage industry.
On the basis of form, India compound chocolate market is segmented into chocolate flakes, chocolate chips, chocolate chunks, chocolate bars/slabs and others. In 2021, chocolate bars/slabs are anticipated to dominate the market as owing to their affordability and convenient packaging.
On the basis of flavor, India compound chocolate market is segmented into plain/regular and flavor. In 2021, plain/regular is anticipated to dominate the market as it can be easily mixed with other ingredients.
On the basis of vegetable fat, India's compound chocolate market is segmented into palm oil, coconut oil and other vegetable oils. In 2021, palm oil is anticipated to dominate the market as compound coating need not be tempered, and can subsequently is more adaptable to various temperatures and applications.
On the basis of function, India compound chocolate market is segmented into garnishing & decorating, flavoring, enrobing/coating, base ingredient and others. In 2021, enrobing/coating is anticipated to dominate the market as compound coating need not be tempered, and can subsequently is more adaptable to various temperatures and applications.
On the basis of application, India compound chocolate market is segmented into bakery, chocolate & confectionery, ganache & chocolate dips, beverages, frozen desserts, ice creams and others. In 2021, bakery is anticipated to dominate the market due to increasing use of compound chocolate in various products.
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For success of business at local, regional, as well as international level, a high quality India Compound Chocolate Market market research report is a definitive solution. The report considers significant product developments and tracks recent acquisitions, mergers, and research in the industry by the key players. This global market report is an important document for every market enthusiast, policymaker, investor, and market player. By employing objective analysis covered in the wide ranging India Compound Chocolate Market market analysis report, to make decisions, it becomes easy to develop better business strategies, improve professional reputation in the field and help build trust of other individuals.
Market Analysis and Insights - India Compound Chocolate Market
India compound chocolate market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.8% in the forecast period of 2021 to 2028 and is expected to reach USD 510.29 million by 2028.
In Indian market the gifting of chocolates play a major role and which leads to the increase in the festive seasons especially in Holi, Diwali, and Christmas among others. The westernization in the Indian culture has aware the millennial towards the gifting culture. The crafted chocolates are majorly created by the local chocolate artisans majorly prefer compound chocolates over regular chocolate. The reason of being compound chocolate utilization is their cost efficiency, low melting point, easier enrobing and coating of compound chocolates.
Compound chocolate is also referred to as coating chocolate, confectionary coating, non-temper coatings, or baker’s chocolate. It is the most commonly used chocolate in the baking industry. Typically any compound chocolate consists of approximately 35% to 40% fat, which usually hydrogenated palm oil, coconut oil or any other vegetable oil, 8% to 18% cocoa solids, approximately 2% milk solids, and a small amount of lecithin and flavor; the remaining percentage is given to sweetener. Due to the absence or minimal cocoa butter rate in compound chocolate, it has become a cost-effective alternative, and eliminates the time spent on tempering.
This compound chocolate market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the xylose market scenario contact Data ridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
The India Compound Chocolate Market Country Level Analysis
In November 2020, Barry Callebaut inaugurates new office and CHOCOLATE ACADEMY Center in Shenzhen, China. The new office in Shenzhen includes a state-of-the-art CHOCOLATE ACADEMYCenter, the third in China and the 23rd globally. Through inspiration, education and personalized support, the CHOCOLATE ACADEMY Centers enable artisans, pastry chefs, confectioners, bakers and caterers to create the chocolate delights of tomorrow.
The India Compound Chocolate Market Share Analysis
Compound chocolate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to compound chocolate market.
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The universal India Compound Chocolate Market report is divided into numerous characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors. All of these are again described in the report as required to define the topic and provide maximum information for better decision making. A number of estimations and calculations have been included in this market report by assuming a definite base year and the historic year. What is more, India Compound Chocolate Market research report also provides a careful investigation of the current state of the market which covers several market dynamics.
Key Players India Compound Chocolate Market
The major players operating in this market are PURATOS, DP Chocolates, Pure Temptation, Morde Foods Pvt Ltd, Denali Foods, Cargill, Incorporated, THE CAMPCO LTD., Barry Callebaut, GCMMF, and SUNBEEN IMPEX PVT. LTD among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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