Product Code: MCP11024
Global Chocolate Flavors Market to Reach $451.2 Million by 2027
Amid the COVID-19 crisis, the global market for Chocolate Flavors estimated at US$351.3 Million in the year 2020, is projected to reach a revised size of US$451.2 Million by 2027, growing at a CAGR of 3.6% over the analysis period 2020-2027. Confectionery, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$100.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dairy & Hot Drinks segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $94.8 Million, While China is Forecast to Grow at 6.6% CAGR
The Chocolate Flavors market in the U.S. is estimated at US$94.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$95.1 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.
Bakery Products Segment to Record 4% CAGR
In the global Bakery Products segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$105.7 Million in the year 2020 will reach a projected size of US$133.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$63.5 Million by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 194-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,
- Archer Daniels Midland Company
- Barry Callebaut AG
- Blommer Chocolate Company
- Cargill, Inc.
- Cemoi Group
- Frutarom Industries Ltd.
- Givaudan SA
- International Flavors & Fragrances, Inc.
- Olam International Ltd.
- Puratos Group NV
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Chocolate Flavors: An Introductory Prelude
- Chocolate's Image as Luxury Food & Its Exciting Flavor Profile Create Fertile Environment
- Widespread Publicity for Health Benefits of Chocolate Augments Use Case
- Robust Momentum in Food Flavors Industry Instigates Massive Opportunities
- Market Influenced by Cocoa Production Patterns
- Global Competitor Market Shares
- Chocolate Flavors Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Vital Role of Flavors in Dairy Products Underpin Sales Volumes
- Chocolate Flavored Milk: Order of the Day
- Chocolate Flavored Cheese
- Chocolate Flavored Yogurt
- Chocolate Flavors Make a Cut in Ice Cream and Other Frozen Products Verticals
- Chocolate Flavors Carve Out Niche in the Breakfast Cereals Realm
- Alcohols & Spirits: The New Application Area
- Beers
- Rising Demand for Organic Chocolate: Opportunity Indicator
- Evolving Image of Fair Trade Chocolate to Steer Market Expansion
- Growing Adoption of Low-Cost Compound Chocolate Augurs Well
- A Peek into Latest Chocolate Flavor Trends
- PRODUCT OVERVIEW
- Chocolate: Introduction
- Different Types & Flavors of Chocolate
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: Chocolate Flavors Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 2: Chocolate Flavors Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
- TABLE 3: Chocolate Flavors Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
- TABLE 4: Confectionery (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
- TABLE 5: Confectionery (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
- TABLE 6: Confectionery (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
- TABLE 7: Dairy & Hot Drinks (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
- TABLE 8: Dairy & Hot Drinks (End-Use) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019
- TABLE 9: Dairy & Hot Drinks (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
- TABLE 10: Bakery Products (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 11: Bakery Products (End-Use) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019
- TABLE 12: Bakery Products (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
- TABLE 13: Frozen Products (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
- TABLE 14: Frozen Products (End-Use) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019
- TABLE 15: Frozen Products (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
- TABLE 16: Convenience Products (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 17: Convenience Products (End-Use) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019
- TABLE 18: Convenience Products (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
- GEOGRAPHIC MARKET ANALYSIS
- UNITED STATES
- Market Facts & Figures
- US Chocolate Flavors Market Share (in %) by Company: 2019 & 2025
- Market Rides High on America's Love for Chocolate
- Ice Cream Emerges as Important Segment
- Impact of Latest FDA Food Additive Regulations
- Market Analytics
- TABLE 19: United States Chocolate Flavors Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 20: Chocolate Flavors Historic Demand Patterns in the United States by End-Use in US$ Thousand for 2012-2019
- TABLE 21: Chocolate Flavors Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
- CANADA
- TABLE 22: Canadian Chocolate Flavors Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 23: Chocolate Flavors Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
- TABLE 24: Canadian Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- JAPAN
- TABLE 25: Japanese Demand Estimates and Forecasts for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 26: Japanese Chocolate Flavors Market in US$ Thousand by End-Use: 2012-2019
- TABLE 27: Chocolate Flavors Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
- CHINA
- TABLE 28: Chinese Demand for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 29: Chocolate Flavors Market Review in China in US$ Thousand by End-Use: 2012-2019
- TABLE 30: Chinese Chocolate Flavors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
- EUROPE
- Market Facts & Figures
- European Chocolate Flavors Market: Competitor Market Share Scenario (in %) for 2019 & 2025
- Market to Gain from Prevailing Trends in the Cocoa & Chocolate Industries
- Market Analytics
- TABLE 31: European Chocolate Flavors Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
- TABLE 32: Chocolate Flavors Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
- TABLE 33: European Chocolate Flavors Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
- TABLE 34: European Chocolate Flavors Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 35: Chocolate Flavors Market in Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
- TABLE 36: European Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- FRANCE
- TABLE 37: Chocolate Flavors Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
- TABLE 38: French Chocolate Flavors Historic Market Review in US$ Thousand by End-Use: 2012-2019
- TABLE 39: French Chocolate Flavors Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
- GERMANY
- TABLE 40: Chocolate Flavors Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 41: German Chocolate Flavors Market in Retrospect in US$ Thousand by End-Use: 2012-2019
- TABLE 42: Chocolate Flavors Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
- ITALY
- TABLE 43: Italian Demand for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 44: Chocolate Flavors Market Review in Italy in US$ Thousand by End-Use: 2012-2019
- TABLE 45: Italian Chocolate Flavors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
- UNITED KINGDOM
- TABLE 46: United Kingdom Demand Estimates and Forecasts for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 47: United Kingdom Chocolate Flavors Market in US$ Thousand by End-Use: 2012-2019
- TABLE 48: Chocolate Flavors Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
- SPAIN
- TABLE 49: Spanish Chocolate Flavors Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 50: Chocolate Flavors Market in Spain: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
- TABLE 51: Spanish Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- RUSSIA
- TABLE 52: Russian Chocolate Flavors Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 53: Chocolate Flavors Historic Demand Patterns in Russia by End-Use in US$ Thousand for 2012-2019
- TABLE 54: Chocolate Flavors Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
- REST OF EUROPE
- TABLE 55: Rest of Europe Chocolate Flavors Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 56: Chocolate Flavors Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
- TABLE 57: Rest of Europe Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- ASIA-PACIFIC
- Uptrend in Chocolate Industry Instigates Robust Growth Momentum
- Tropical Flavors Gaining Traction
- Market Analytics
- TABLE 58: Asia-Pacific Chocolate Flavors Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 59: Chocolate Flavors Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019
- TABLE 60: Asia-Pacific Chocolate Flavors Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
- TABLE 61: Chocolate Flavors Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
- TABLE 62: Asia-Pacific Chocolate Flavors Historic Market Review in US$ Thousand by End-Use: 2012-2019
- TABLE 63: Asia-Pacific Chocolate Flavors Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
- AUSTRALIA
- TABLE 64: Chocolate Flavors Market in Australia: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 65: Australian Chocolate Flavors Market in Retrospect in US$ Thousand by End-Use: 2012-2019
- TABLE 66: Chocolate Flavors Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
- INDIA
- TABLE 67: Indian Chocolate Flavors Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 68: Chocolate Flavors Market in India: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
- TABLE 69: Indian Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- SOUTH KOREA
- TABLE 70: Chocolate Flavors Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 71: South Korean Chocolate Flavors Historic Market Analysis in US$ Thousand by End-Use: 2012-2019
- TABLE 72: Chocolate Flavors Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
- REST OF ASIA-PACIFIC
- TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 74: Rest of Asia-Pacific Chocolate Flavors Market in US$ Thousand by End-Use: 2012-2019
- TABLE 75: Chocolate Flavors Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
- LATIN AMERICA
- TABLE 76: Latin American Chocolate Flavors Market Trends by Region/Country in US$ Thousand: 2020-2027
- TABLE 77: Chocolate Flavors Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019
- TABLE 78: Latin American Chocolate Flavors Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
- TABLE 79: Latin American Demand for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 80: Chocolate Flavors Market Review in Latin America in US$ Thousand by End-Use: 2012-2019
- TABLE 81: Latin American Chocolate Flavors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
- ARGENTINA
- TABLE 82: Argentinean Chocolate Flavors Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 83: Chocolate Flavors Market in Argentina: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
- TABLE 84: Argentinean Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- BRAZIL
- TABLE 85: Chocolate Flavors Quantitative Demand Analysis in Brazil in US$ Thousand by End-Use: 2020-2027
- TABLE 86: Brazilian Chocolate Flavors Historic Market Review in US$ Thousand by End-Use: 2012-2019
- TABLE 87: Brazilian Chocolate Flavors Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
- MEXICO
- TABLE 88: Chocolate Flavors Market in Mexico: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 89: Mexican Chocolate Flavors Market in Retrospect in US$ Thousand by End-Use: 2012-2019
- TABLE 90: Chocolate Flavors Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
- REST OF LATIN AMERICA
- TABLE 91: Rest of Latin America Chocolate Flavors Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 92: Chocolate Flavors Historic Demand Patterns in Rest of Latin America by End-Use in US$ Thousand for 2012-2019
- TABLE 93: Chocolate Flavors Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
- MIDDLE EAST
- TABLE 94: The Middle East Chocolate Flavors Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
- TABLE 95: Chocolate Flavors Market in the Middle East by Region/Country in US$ Thousand: 2012-2019
- TABLE 96: The Middle East Chocolate Flavors Market Share Breakdown by Region/Country: 2012, 2020, and 2027
- TABLE 97: The Middle East Chocolate Flavors Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
- TABLE 98: Chocolate Flavors Market in the Middle East: Summarization of Historic Demand Patterns in US$ Thousand by End-Use for 2012-2019
- TABLE 99: The Middle East Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- IRAN
- TABLE 100: Iranian Demand Estimates and Forecasts for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 101: Iranian Chocolate Flavors Market in US$ Thousand by End-Use: 2012-2019
- TABLE 102: Chocolate Flavors Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
- ISRAEL
- TABLE 103: Israeli Chocolate Flavors Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
- TABLE 104: Chocolate Flavors Market in Israel: Summarization of Historic Demand in US$ Thousand by End-Use for the Period 2012-2019
- TABLE 105: Israeli Chocolate Flavors Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
- SAUDI ARABIA
- TABLE 106: Saudi Arabian Demand for Chocolate Flavors in US$ Thousand by End-Use: 2020 to 2027
- TABLE 107: Chocolate Flavors Market Review in Saudi Arabia in US$ Thousand by End-Use: 2012-2019
- TABLE 108: Saudi Arabian Chocolate Flavors Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
- UNITED ARAB EMIRATES
- TABLE 109: Chocolate Flavors Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 110: United Arab Emirates Chocolate Flavors Historic Market Analysis in US$ Thousand by End-Use: 2012-2019
- TABLE 111: Chocolate Flavors Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
- REST OF MIDDLE EAST
- TABLE 112: Chocolate Flavors Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
- TABLE 113: Rest of Middle East Chocolate Flavors Market in Retrospect in US$ Thousand by End-Use: 2012-2019
- TABLE 114: Chocolate Flavors Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
- AFRICA
- Africa Accounts for over 70% of World Cocoa Production
- Ivory Coast: Dominant Cocoa Producer
- Market Analytics
- TABLE 115: African Chocolate Flavors Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
- TABLE 116: Chocolate Flavors Historic Demand Patterns in Africa by End-Use in US$ Thousand for 2012-2019
- TABLE 117: Chocolate Flavors Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027
IV. COMPETITION
- Total Companies Profiled: 47
