About Chocolate Premix
Chocolate premix is containing the ingredients which is normally used for the preparation of cake, except egg and fat. Chocolate premixes provide large-scale production and consistency in products, which leads to its being widely used across the food industry by restaurants and caterers. Chocolate premix provides the advantages such as, it is convenience and easy to make with its rich taste These factors drive the growth of the chocolate premix market. The chocolate premix market has extensive growth in the urban middle-class families, restaurants, bakeries, industrial canteens, and armed forces.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global chocolate premix market is fragmented due to its benefits such as, it protects cells from inflammation, improving brain function, and boosting immune and cardiovascular health and well-established industry. The major market players are actively considering new product launches and base expansion. These manufacturers are working hard to broaden their consumer outreach to strengthen their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Puratos (India), Eazymix (United Kingdom), Pillsbury (United States), Lindt & Sprungli (Switzerland), Conagra Brands (United States), Swiss Bake Ingredients (India), Bakels Worldwide (Switzerland), ZION INTERNATIONAL FOOD INGREDIENTS (India), Jostars Orgotech Private Limited (India) and DeutscheBack (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Peerless Foods (Australia), Master Martini (United States), Mix Plant (India) and Eurocas (Romania).
Segmentation Overview
AMA Research has segmented the market of Global Chocolate Premix market by , Application (Household and Restaurant) and Region.
On the basis of geography, the market of Chocolate Premix has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging Type, the sub-segment i.e. Packet will boost the Chocolate Premix market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Hypermarket/ Supermarket will boost the Chocolate Premix market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand Owing to Gluten-free and Organic Premixes and Increasing adoption of chocolate premixes for their rich taste and easy preparation
Market Growth Drivers:
Growing Demand for the Chocolate Premix from Food and Beverage Industry and Increased need for Energy-Based Food products such as Chocolate Cakes and Pancakes
Challenges:
Concerns with Artificial Ingredients used the Chocolate Premixes
Restraints:
Concerns related to the Products Shelf Life
Opportunities:
Increasing Growth for Chocolate premixes from confectioneries and Growing consumption and popularity of Chocolate Premix Owing to Increased Interest use of Households
Market Leaders and their expansionary development strategies
In February 2019, Glanbia Nutritionals has agreed to acquire Watson, a US-based producer of custom nutrient premixes, expanding Glanbia’s premix portfolio.
In September 2021, Piperleaf is India’s first plant-based mylk chocolate. And the further mission is to make plant-based foods which is more accessible to everyone, this time the revolutionary addition which is almost unheard of in India plant-based egg alternative. With the plant-based egg they do not just provide the protein alternative to a vegan lifestyle but to everyone to make consciously healthier and environmentally friendly choices.
The FSSAI, established under the Ministry of Health and Family Welfare, monitors the food quality manufactured and sold in Indian markets by establishing food standards in the country and issuing the FSSAI Food Licence. and FSSAI released a notice reevaluating the chocolate standards. The New Revised Standards now include two new chocolate categories. The Food Safety and Standards (Food Products Standard and Food Additives) Fourth Amendment Regulations, 2017, are the FSSAI‘s amendments and revisions. Food Business Operators are expected to comply with these amendments and regulations beginning 01 January 2018.
Key Target Audience
Chocolate Premix Manufacturers, Chocolate Premix Suppliers and Distributors, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.