Market Trends of Europe Compound Chocolate Industry
This section covers the major market trends shaping the Europe Compound Chocolate Market according to our research experts:
Dark Compound Chocolate Becoming the Fastest Growing Market
Dark compound chocolate is made by processing a mixture of cocoa, vegetable oil, and sugar. The percentage of cocoa in chocolate slabs ranges from 70% to 99%. Dark chocolate is commonly used in baked confectionaries and desserts, due to the rich content of cocoa. It is more popular among the millennials, owing to the busy lifestyle and the restraints of time for cooking. In addition, the high content of cocoa is a powerful source of antioxidants, which makes it healthy. Dark chocolate flavors are majorly used in the confectionery and bakery industries. The other applications include panning, enrobing, drizzling, molding, and bottoming. Dark chocolate has several types, with different ratios of sugar and cocoa. As dark chocolate contains no milk solids, is it suitable for vegan baking also.
Well-established Bakery and Confectionery Industry in the Region
The bakery sector in the European Union is one of the most dynamic sectors, in terms of innovation and quick response to consumer demands and trends. After the recent recession, the bakery and confectionery industry in Europe was expected to register growth, due to the increasing disposable incomes, higher living standards, and changing lifestyles resulting from the cultural changes and colonization. This has led to the proliferation of chocolate manufacturing in the region and boosted the sales of compound chocolate in the region. Chocolate manufacturing in the European Union increased by about 6-7% during 2010 and 2016. This factor also led to an increase in the fabrication of compound chocolate in the region.
