January 28, 2023

The global chocolate filling market size is estimated to grow progressively owing to the increasing popularity of chocolate inclusion products, observes Fortune Business Insights™ in its report, titled “Chocolate Filling Market Size, Share & Industry Analysis, By Type (Milk Chocolate, Dark Chocolate, White Chocolate, Others), By Application (Cookies, Cupcakes, Breakfast Cereals, Others) and Regional Forecast, 2022-2029”. Rising applications of chocolate as food inclusion for adding flavor, aroma, and texture in food items is increasing the demand for chocolate fillings in the food & beverages sector. Companies in various segments including biscuits, savory, breakfast cereals, and nutritional products, such as protein supplements and energy drinks, are associating their products with chocolate fillings in order to attract more customers.

The COVID-19 pandemic has a drastic impact on the global economy. Nationwide lockdowns, traveling restrictions, and stringent restrictions for people to stay at home have negatively impacted businesses across the globe. Major economies of the world are taking unprecedented fiscal and monetary actions in order to survive this coronavirus-induced depression.

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  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value data for each segment and sub-segment
  • Indicating the regions and segments that are expected to witness the fastest growth and are dominating the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Driving Factor

Increasing Popularity of Chocolate Inclusion in Food Items to Drive Market Growth

Changing taste preferences among consumers coupled with their increasing indulgence in products with innovative ideas are driving growth for the global chocolate filling market. In addition, increasing demand for chocolate filled products is encouraging food companies to expand their product portfolio, which is bolstering the demand for chocolate fillings, further driving the market growth. However, fluctuation in raw material prices due to shortage of basic ingredients, such as cocoa, is expected to hinder market expansion.

Discretionary Spending Habits of Consumers in Asia Pacific to Enhance Market Growth

The chocolate filling market in Asia Pacific is expected to witness a considerable growth in the upcoming years owing to the increasing discretionary spending habits of consumers in the region. Growing interest of international players in major countries including India, Australia, and Japan is expected to further strengthen the demand.

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North America is estimated to hold a significant share in the market owing to the presence of prominent market players in the region including Mondelez International, Mars Incorporated, and others. Increasing consumer shift toward the consumption of dark chocolate is expected to further enhance the market growth for chocolate fillings.

Launching Innovative Products to Help Prominent Players Increase their Footprint

Key players operating in the market are focusing on innovative product launches in order to increase their footprint in the market. For instance, In July 2018, Nestle India expanded its product portfolio by launching Nesplus, an exciting range of breakfast cereals. This will help the company gain market share.

Industry Developments:

  • In May 2018, Berry Callebaut Group inaugurated its chocolate academy center in South Africa. This will help the company meet the growing demand for chocolate confectionaries in the region.
  • In March 2017, Cargill Cocoa and Chocolate launched its new addition of coatings and fillings. This will help the company offer extended capabilities to the manufacturers.

List of Key Players Covered in the Chocolate Filling Market Report:

  • Nestle SA
  • Mars Incorporated
  • Berry Callebaut Group
  • Mondelez International
  • Ferrero
  • The Hershey Company
  • GODIVA Chocolates
  • Moonstuck Chocolate
  • Cargill Inc.
  • Blommer Chocolate Company
  • Others

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