India Compound Chocolate Market is forecast to grow with the CAGR of 13.8% owing to factors such as technological advancements in the manufacturing sector.
The rise in awareness regarding health benefits of dark chocolates is acting as a major driver for growth of the compound chocolate market. Increased prices of cocoa butter are acting as a major restraint to the market.
Compound Chocolate Market Scenario
According to Data Bridge Market Research, the market leader is Morde Foods Pvt. Ltd which accounts for an estimated market share of approximately 30% to 35%. The company has gained outstanding sales through their businesses of equipment, services and automation system and software. The market is witnessing continuous product integration and expanding their business in the market.
In July 2020, GoNuts collaborated with Morde Foods Pvt. Ltd roped their platform, celebrity Chef, MTV VJ, and author Maria Goretti, along with Kunal Vijaykar, Food Writer, Author, and Television Personality, to have an exciting conversation as well as a live demonstration of making desserts with wholesome chocolate, Live on Maria’s Instagram handle.
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Research Methodology: Compound Chocolate Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Pointers Covered in Compound Chocolate Market Industry Trends and Forecast to 2028
Market Standards and Changes
Market Trials in Different Regions
Market Requirements in Different Regions
Market Shares in Different Regions
Recent Developments for Market Competitors
Recent Market Value for Different regions
Sales Data for Market Competitors
Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
Morde Foods Pvt Ltd
THE CAMPCO LTD
SUNBEEN IMPEX PVT. LTD
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Trends Impacting the Market
The compound chocolate market is becoming more competitive every year with companies such as Morde Foods Pvt Ltd, Barry Callebaut and DP Chocolates are the market leaders for compound chocolate. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the India compound chocolate market.
Compound Chocolate Market Development
In May 2020, Barry Callebaut and Unilever collaborated to support cocoa farmer cooperatives in Côte d'Ivoire. As part of their commitment to supporting cocoa farmers during COVID-19, the group had joined forces with customers to help farmers' livelihoods and income whilst protecting their health and their family’s health. The group has collaborated with Unilever to deliver 10’000 pieces of soap to cocoa farming communities in Côte d'Ivoire.
Scope of the Compound Chocolate Market
All analysis of the compound chocolate market is further analyzed based on maximum granularity into further segmentation. On the basis of type, India compound chocolate market is segmented into milk chocolate, dark chocolate, and white chocolate. On the basis of sweetness, India compound chocolate market is segmented into sweet, semi-sweet and regular. On the basis of form, India compound chocolate market is segmented into chocolate flakes, chocolate chips, chocolate chunks, chocolate bars/slabs and others. On the basis of flavor, India compound chocolate market is segmented into plain/regular and flavor. On the basis of vegetable fat, India's compound chocolate market is segmented into palm oil, coconut oil and other vegetable oils. On the basis of function, India compound chocolate market is segmented into garnishing & decorating, flavoring, enrobing/coating, base ingredient and others. 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.
India Compound Chocolate Market Report Answers the Following Questions:
What is the current size and growth rate of the India Compound Chocolate Market?
What are the major drivers of the India Compound Chocolate Market?
What are the major trends in the India Compound Chocolate Market?
Who are the key players in the India Compound Chocolate Market?
What is the market segmentation of the India Compound Chocolate Market by product type?
What is the market segmentation of the India Compound Chocolate Market by end-user?
What is the market segmentation of the India Compound Chocolate Market by region?
What are the major challenges faced by the India Compound Chocolate Market?
What are the opportunities for new players in the India Compound Chocolate Market?
What is the future outlook for the India Compound Chocolate Market?
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