Hyderabad, India -- (SBWIRE) -- 03/20/2018 -- According to a new market research report " Chocolate Flavors Market by Application (Confectionery, Bakery Products, Frozen Products, Dairy Products, Convenience Products, Others), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the Global Chocolate Flavors Market was valued to be worth USD 310 million in 2016 and is calculated to grow with a CAGR of 5.15% to approach USD 398 million by 2021. The increasing preference of people toward chocolate flavoured desserts and confectionaries is the main reason for the market growth in the forecast period.

Browse Market Data Tables and Figures spread through 165 Pages and in-depth TOC on "Chocolate Flavors Market"
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Bakery products segment to dominate the global market in segmentation by application
The market is categorized on the basis of application into confectionery, frozen products, bakery products, dairy products, convenience products and other applications. Increasing awareness about several health benefits of chocolate helped change the public preference towards using chocolate flavour in many dishes. The bakery products segment is the leading market share contributor to the global market. The invention of several kinds of chocolate and organic farming of chocolate also promotes the market growth.

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North America is estimated to lead the global market in terms of market share
On the basis of classification by geography, the global Chocolate Flavors Market is studied in North America, Europe, Asia-Pacific and Rest of the World regions. North America region provides the highest demand for the chocolate to be used in baked goods and confectionaries. Hence, the region tops the list of regions according to market share. The Asia Pacific and Europe region possess heavy market potential yet to be discovered.

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The leading companies in the global Chocolate Flavors Market include Archer Daniels Midland Company, Blommer Chocolate Company, Frutarom Industries Ltd, Cargill Incorporated, Olam International Ltd., International Flavors & Fragrances Inc., Puratos Group, Barry Callebaut, Givaudan S.A and CEMOI Group.

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

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