Bakery, Cocoa Costs To Drive North American Compound Chocolate Market

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Dublin — The increasing cost for cocoa butter and growing demand from bakery applications are expected to propel the North American compound chocolate market, which is projected to increase 3.8 percent, compounded annually, by 2023, according to Research And Markets.

Also moving the market is growing demand for low priced, cocoa-based products, according to the research company. Additionally, compounds lower price compared with chocolate and its technical advantages, such as not requiring tempering, is increases demand.

Research And Markets notes regulations on adding vegetable fats to chocolate and consumers’ growing interest in premium chocolate products could restrain market growth.