[FURL=https://www.industryarc.com/Research/Chocolate-Flavors-Market-Research-504905]Chocolate Flavors Market[/FURL] size is estimated to be 352.6 Million in 2019, growing at a CAGR of 4.8% during the forecast period 2020-2025. Chocolate flavors are well known for its cocoa content which contains nutritious flavonoids, which are antioxidants that provides several health benefits including “heart-protecting”, anti-inflammatory, brain boosting, mood lifting properties. Moreover, they are used as a flavoring agent in various beverage and food industry. Rising health benefits of chocolate flavors owing to its nutritional benefits to increase blood flow to the hearts and break up clumps of white blood cells that block arteries are further propelling its demand in the market. In addition, the flavonols found in dark chocolates are thought to support healthy blood vessel function. Furthermore, Harvard Medical School doctors suggested that it may decrease the risk of heart disease, stroke and heart failure and it may also lower (LDL) cholesterol.Key Takeaways
Confectionary segment held the largest market share in the year 2019 owing to the increasing demand of candies, candied nuts, chocolates, chew gum and others.
Europe contributed to the largest market share of more than 29% owing to the presence of large dominant players in the region including Nestle, Cadbury NZ and Givaudan S A.
Increasing awareness among consumers regarding nutritional benefits of Chocolate Flavors owing to the presence of flavonoids is a significant factor driving the Chocolate Flavors market during the forecast period 2020-2025.
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Geography- Segment Analysis
Europe contributed to the largest market share of more than 29% owing to the presence of large dominant players in the region including Nestle, Cadbury NZ and Givaudan S A. Increasing demand of natural chocolate flavors among consumers owing to its health benefits have highly supported its regional demand. Moreover, according to Barry Callebaut, caramel is the third most derived flavor in chocolate confectionary in Western Europe after hazelnut and almond. North America chocolate flavors market is another dominant market owing to the presence of Archer Daniel Midland Company. Moreover, in March 2019 Archer Daniel adds another natural citrus to the mix with Ziegler Group acquisition.
Drivers – Chocolate Flavors Market
Increasing Awareness Among Consumer Regarding Nutritional Benefits of Chocolate Flavors :
Increasing Demand of Chocolate Flavors in Beverage Industry :
Chocolate Flavors Market Industry Outlook : Chocolate Flavors Market top 10 companies are Archer Daniel Midland Company, Barry Callebaut, Blommer Chocolate Company, Cargill Incorporated, Cemoi Group, Frutarom Industry Ltd, Givaudan S A, International Flavor and Fragrance Inc., Olam International Ltd and Puratos Group.
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