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Download Free sampleThe global Industrial Chocolate market was valued at 4.75 Million USD in 2021 and will grow with a CAGR of 4.87% from 2021 to 2027, based on Research newly published report.
The prime objective of Industrial Chocolate Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Industrial Chocolate Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Industrial chocolate is a typically sweet, usually brown, food preparation of theobroma cacao seeds, roasted and ground, often flavored, as with vanilla. It is made in the form of a liquid, or in a block, or used as a flavoring ingredient in other foods.Industrial chocolate industry has low technology barrier and is labor intensive industry. Currently, there are many producing companies in the industrial chocolate industry. The main players are Barry Callebaut, Cargill, Nestle SA, Mars and Hershey. The market can be broadly categorized as open market and captive market. Barry Callebaut is the market leader in open market while for captive market the market is dominated by Nestle SA, Mars and Hershey.
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