Impact of COVID-19 Outbreak on Global Real and Compound Chocolate Market - Drivers, Opportunities and Forecast Analysis to 2027
Market Highlights Real chocolate contains cocoa butter and cocoa liquor extracted from the cocoa or cacao bean. Cocoa butter is an expensive ingredient, so it requires additional procedure viz. ‘tempering,’ to prevent blooming, or discoloration of chocolate. Compound chocolate contains cocoa butter replacer in higher percentage along with other chocolate ingredients. In the preparation of compound chocolates, cocoa powder is used as a substitute for cocoa liquor. Market Forecast: The global market for real & compound chocolate has been experiencing high demand for the last few years and is projected to reach USD 136.99 billion by 2023. Rising demand for premium chocolate bars, and innovative chocolate products that use combinations of premium or healthy ingredients is majorly driving the growth of the Global Real and Compound Chocolate Market. Premium chocolates snacks are easily accessible at many convenience stores, as well as some international supermarkets. These premium prod