MarketResearchReport2021

  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 Real and Compound Chocolate Market. Premium chocolates snacks are easily accessible at many convenience stores, as well as some international supermarkets. These premium products ar

  Market Synopsis According to Market Research Future (MRFR), the global real and compound chocolate market is anticipated to acquire a significant market value of USD 136.99 billion while thriving at a  CAGR of 2.11%  during the projection period from 2019-2024. The real and compound chocolate market is anticipated to acquire considerable expansion due to its numerous application in beverages, bakery and confectionery, and syrups and spreads during the projection tenure. The scarcity and high price of cocoa butter is likely to give a significant opportunity to the real and compound chocolate manufacturers to strengthen their market in the coming period. Furthermore, the rising demand for innovative chocolate products is anticipated to augment the real and compound chocolate revenue considerably during the forecast period. On the other hand, an increase in the obese population is anticipated to obstruct the market growth during the assessment tenure. However, the rising demand for conf