巧克力原料市场－全球产业规模、份额、趋势、机会及预测（按类型、类别、应用、地区和竞争格局划分，2021-2031年）

全球巧克力原料市场预计将从 2025 年的 178.9 亿美元成长到 2031 年的 225.2 亿美元，复合年增长率为 3.91%。

这些原料是糖果甜点和食品製造的关键原料，特别是可可液块、可可脂、可可粉、甜味剂、乳化剂等。该行业的上升趋势主要受全球可支配收入成长带来的高端食品需求增长以及烘焙、乳製品和饮料行业对可可衍生日益增长的需求所驱动。此外，向可追溯和认证的供应链策略转型正在提升工业采购量，并确保面临结构性需求的大型生产商的业务稳定性。

然而，由于原物料价格波动和供不应求，市场正面临巨大的不利因素，这严重挤压了利润空间，并抑制了加工速度。投入成本的上升导致价格频繁上涨，削弱了消费者的购买力，并减少了工业生产，从而有效地限制了销售量成长。欧洲可可协会的最新数据也印证了加工活动的萎缩，该协会报告称，2025年第三季欧洲可可压榨量年减4.8%，至337,353吨。

市场驱动因素

随着消费者对高端和专门食品巧克力的需求不断增长，市场格局正在发生根本性的重塑。富裕的消费者越来越倾向选择高品质、手工製作且具有地理特色的产品，而非大众市场的糖果甜点。这一趋势迫使原料供应商拓展产品系列，推出单一产地可可液利口酒和高品质可可脂，这些产品相比标准散装产品，能够提供更独特的风味和更优质的口感。优质化使製造商能够透过瞄准对价格敏感度较低的消费群体，来保护利润免受原材料成本波动的影响，并实现不依赖销售成长的价值成长。瑞士莲于2024年7月发布的《2024年上半年报告》也印证了这个策略。该报告显示，其有机销售量成长了7.0%，主要得益于定价能力和强劲的高端市场表现。

同时，对永续和符合道德的可可豆采购的关注正从一种行销策略演变为一项至关重要的商业需求。大型加工商正大力投资于可追溯性和后向整合，以满足欧盟森林砍伐法规 (EUDR) 等严格的监管要求，并降低西非的供应风险。这些措施对于确保获得抗病性强、产量高的可可品种至关重要，从而保障长期的工业化生产。例如，雀巢公司于 2024 年 6 月发布的「收入提升计画进度报告」显示，参与该计画的农民的产量比对照组高出 18%。然而，这些结构性变化和不断上涨的原物料价格也带来了巨大的成本。百乐嘉利宝公司在 2024 年 11 月发布的「2023/24 财年全年业绩报告」中指出，其销售额增长了 22.6%，达到 104 亿瑞士法郎，这主要得益于该公司能够将创纪录的可可豆价格转嫁给工业客户。

市场挑战

持续的供不应求和原材料价格波动严重阻碍了巧克力原料行业的持续成长。当可可豆等关键原料产量突然下降时，采购成本飙升会严重侵蚀製造商的利润率。为了维持财务永续性，加工商往往被迫缩减加工规模或将增加的成本转嫁给消费者，此举抑制了对糖果甜点的需求并限制了工业生产。因此，可可利口酒和可可脂等关键衍生产品的短缺阻碍了该行业充分利用全球趋势的能力。

产能下降的趋势在欧洲以外的主要加工地区最为显着。根据亚洲可可协会的数据，2025年第三季亚洲可可压榨量年减17%，至183,413公吨。加工量的显着下降表明，原材料成本上涨和供不应求正直接迫使製造商减产，从而有效减缓了整体市场成长势头。

市场趋势

製造商正日益充分利用可可豆荚的整个生物质，显着扩大了可可果皮甜味剂和整个可可果实的使用量，从而摆脱了传统的仅提取可可豆的方法。这一趋势正在利用以往被丢弃的果皮和白色果肉，创造出麵粉替代品和天然甜味剂等创新成分，提供洁净标示的选择，减少对精製糖的依赖。透过将农产品转化为高附加价值衍生，供应商在实现永续性目标的同时，也满足了消费者对加工更少、营养更丰富的产品的需求。 2025年10月出版的《食品与饮料展望》杂誌发表了题为「Cabosse Naturals：对抗食物废弃物之战」的文章，强调了这种资源效率的重要性。文章指出，传统上70%的可可果实都被浪费掉了，这促使该产业策略性地转向对这些材料进行增值回收。

同时，以杏仁、椰子和燕麦为原料的植物奶替代品的广泛应用，正从根本上改变着牛奶巧克力的食材配方。这一趋势正超越小众的纯素食选择，推动水解粉和无乳脂肪脂肪体系的主流化应用，这些产品能够复製牛奶的口感和醇厚质地，且不会对环境造成影响。随着弹性素食主义生活方式的兴起，製造商正积极调整产品系列，专注于使用高性能的植物性脂肪和蛋白质，以确保风味中性和稳定性。世界烘焙师协会（World Bakers）在2025年4月发布的报告也印证了这个产业的商业性发展：2019年至2023年，欧洲植物性巧克力创新产品的复合年增长率高达25%，凸显了产业对非乳製品替代品的持续需求。

目录

第一章概述

第二章调查方法

第三章执行摘要

第四章：客户评价

第五章 全球巧克力原料市场展望

• 市场规模及预测
  • 按金额
• 市占率及预测
  • 依类型（可可、牛奶、卵磷脂、香料、其他（天然/人工香料、植物油等））
  • 依类别（黑巧克力、牛奶巧克力、白巧克力、红宝石巧克力）
  • 依应用领域（糖果甜点製品、乳製品/烘焙製品、饮料、其他（药品、化妆品/个人护理用品等））
  • 按地区
  • 按公司（2025 年）
• 市场地图

第六章：北美巧克力原料市场展望

• 市场规模及预测
• 市占率及预测
• 北美洲：国家分析
  • 我们
  • 加拿大
  • 墨西哥

第七章 欧洲巧克力原料市场展望

• 市场规模及预测
• 市占率及预测
• 欧洲：国家分析
  • 德国
  • 法国
  • 英国
  • 义大利
  • 西班牙

8. 亚太地区巧克力原料市场展望

• 市场规模及预测
• 市占率及预测
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

9. 中东与非洲巧克力原料市场展望

• 市场规模及预测
• 市占率及预测
• 中东和非洲：国家分析
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非

第十章：南美巧克力原料市场展望

• 市场规模及预测
• 市占率及预测
• 南美洲：国家分析
  • 巴西
  • 哥伦比亚
  • 阿根廷

第十一章 市场动态

• 司机
• 任务

第十二章 市场趋势与发展

• 併购
• 产品发布
• 最新进展

第十三章 全球巧克力原料市场：SWOT分析

第十四章：波特五力分析

• 产业竞争
• 新进入者的可能性
• 供应商电力
• 顾客权力
• 替代品的威胁

第十五章 竞争格局

• THE HERSHEY COMPANY
• PURATOS
• ADM
• PT Davomas Abadi Tbk
• Godiva
• Barry Callebaut
• Mars, Incorporated
• Cargill, Incorporated
• pladis global
• The Kraft Heinz Company
• FrieslandCampina
• Britannia Industries
• Schreiber Foods Inc.

第十六章 策略建议

第十七章：关于研究公司及免责声明

The Global Chocolate Ingredients Market is projected to expand from USD 17.89 Billion in 2025 to USD 22.52 Billion by 2031, registering a CAGR of 3.91%. These ingredients, which are critical raw materials for confectionery and food manufacturing, specifically include cocoa liquor, cocoa butter, cocoa powder, sweeteners, and emulsifying agents. The industry's upward trajectory is primarily supported by rising global disposable incomes that drive demand for premium foods, alongside the widening utilization of cocoa derivatives in bakery, dairy, and beverage sectors. Furthermore, the strategic pivot toward traceable and certified supply chains is boosting industrial procurement volumes, thereby securing operational stability for major producers facing structural demand.

However, the market faces significant headwinds due to raw material price instability and supply shortages, which severely pressure profit margins and constrain processing rates. Elevated input costs frequently force price increases that weaken consumer purchasing power and lower industrial output, effectively capping volume growth. This contraction in processing activity is evident in recent data from the European Cocoa Association, which reported that third-quarter European cocoa grindings in 2025 declined by 4.8 percent year-on-year to 337,353 metric tonnes.

Market Driver

The market is being fundamentally reshaped by growing consumer appetite for premium and specialty chocolate, as affluent buyers increasingly favor high-quality, artisanal, and origin-specific products over mass-market confectionery. This trend forces ingredient suppliers to broaden their portfolios with single-origin cocoa liquors and superior cocoa butters that provide distinct flavor profiles and better texture than standard bulk options. By embracing premiumization, manufacturers can shield margins from volatile input costs by targeting less price-sensitive demographics, successfully decoupling value growth from strict volume expansion. This strategy is validated by Lindt & Sprungli's 'Half-Year Report 2024' from July 2024, which noted organic sales growth of 7.0 percent, driven mainly by pricing power and resilience in the premium sector.

Simultaneously, the focus on sustainable and ethically sourced cocoa has evolved from a marketing tactic to a crucial operational necessity. Major processors are heavily investing in traceability and backward integration to satisfy strict mandates like the EU Deforestation Regulation (EUDR) and to reduce supply risks in West Africa. These measures are vital for securing disease-resistant, high-yield cocoa varieties that guarantee long-term industrial throughput. For example, Nestle's 'Income Accelerator Program Progress Report' in June 2024 showed that participating farming households achieved yields 18 percent higher than control groups. However, these structural shifts and raw material inflation come with significant costs; in its 'Full-Year Results 2023/24' from November 2024, Barry Callebaut reported a 22.6 percent revenue increase to CHF 10.4 billion, largely due to passing historically high bean prices on to industrial clients.

Market Challenge

Persistent supply deficits and raw material price volatility represent a major hurdle to the continued growth of the chocolate ingredients sector. When key inputs like cocoa beans suffer sharp production declines, the resulting spike in procurement costs severely undermines manufacturer profit margins. To remain financially viable, processors often must curtail grinding operations or pass these increased costs to consumers, a dynamic that dampens demand for finished confectionery and places a ceiling on industrial volume. Consequently, the physical scarcity of critical derivatives such as cocoa liquor and butter hinders the industry's ability to fully leverage rising global consumption trends.

This reduction in operational throughput is distinctly visible in major processing hubs outside of Europe. Data from the Cocoa Association of Asia indicates that in the third quarter of 2025, cocoa grindings in Asia fell by 17 percent year-on-year to 183,413 metric tonnes. Such substantial drops in processing output illustrate how prohibitive input costs and supply unavailability directly compel manufacturers to scale back production, thereby actively slowing the growth trajectory of the broader market.

Market Trends

The use of upcycled pulp sweeteners and whole cacao fruit is gaining considerable momentum as manufacturers aim to utilize the entire cocoa pod biomass rather than extracting only the beans. This movement fosters the creation of innovative ingredients where the husk and white pulp, historically discarded, are processed into flour alternatives and natural sweeteners, providing a clean-label option that lessens dependence on refined sugars. By converting agricultural by-products into value-added derivatives, suppliers are simultaneously meeting sustainability targets and consumer desire for less-processed, nutrient-rich formulations. The magnitude of this resource efficiency is highlighted by Food & Beverage Outlook in October 2025, noting in 'Cabosse Naturals : Fighting Food Waste' that 70 percent of the cacaofruit is traditionally discarded, prompting a strategic industry pivot toward upcycling this material.

Concurrently, the incorporation of plant-based milk alternatives like almond, coconut, and oat derivatives is fundamentally changing the formulation of milk chocolate ingredients. This trend has moved beyond niche vegan products to drive the mainstream use of hydrolyzed powders and dairy-free fat systems that mimic the mouthfeel and creamy texture of bovine milk without its environmental impact. As flexitarian lifestyles grow, manufacturers are aggressively adjusting their portfolios to feature high-performance plant fats and proteins that guarantee flavor neutrality and stability. Confirming the commercial vitality of this sector, World Bakers reported in April 2025, in 'Cargill Reveals the Top Easter Chocolate Trends Shaping Consumer Choices in 2025', that European plant-based chocolate innovations saw a 25 percent average annual growth rate from 2019 to 2023, emphasizing sustained industrial demand for non-dairy options.

Key Market Players

• THE HERSHEY COMPANY
• PURATOS
• ADM
• PT Davomas Abadi Tbk
• Godiva
• Barry Callebaut
• Mars, Incorporated
• Cargill, Incorporated
• pladis global
• The Kraft Heinz Company
• FrieslandCampina
• Britannia Industries
• Schreiber Foods Inc.

Report Scope

In this report, the Global Chocolate Ingredients Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Chocolate Ingredients Market, By Type

• Cacao
• Milk
• Lecithin
• Flavors
• Others (Natural & Artificial Flavor, Vegetable Oil,etc.)

Chocolate Ingredients Market, By Category

• Dark Chocolate
• Milk Chocolate
• White Chocolate
• Ruby Chocolate

Chocolate Ingredients Market, By Application

• Confectionary Products
• Dairy & Baked Products
• Beverages
• Others (Pharmaceuticals, Cosmetic & Personal Care. etc.)

Chocolate Ingredients Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Chocolate Ingredients Market.

Available Customizations:

Global Chocolate Ingredients Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Chocolate Ingredients Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Cacao, Milk, Lecithin, Flavors, Others (Natural & Artificial Flavor, Vegetable Oil, etc.))
  • 5.2.2. By Category (Dark Chocolate, Milk Chocolate, White Chocolate, Ruby Chocolate)
  • 5.2.3. By Application (Confectionary Products, Dairy & Baked Products, Beverages, Others (Pharmaceuticals, Cosmetic & Personal Care, etc.))
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Chocolate Ingredients Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Category
  • 6.2.3. By Application
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Chocolate Ingredients Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Category
      • 6.3.1.2.3. By Application
  • 6.3.2. Canada Chocolate Ingredients Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Category
      • 6.3.2.2.3. By Application
  • 6.3.3. Mexico Chocolate Ingredients Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Category
      • 6.3.3.2.3. By Application

7. Europe Chocolate Ingredients Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Category
  • 7.2.3. By Application
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Chocolate Ingredients Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Category
      • 7.3.1.2.3. By Application
  • 7.3.2. France Chocolate Ingredients Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Category
      • 7.3.2.2.3. By Application
  • 7.3.3. United Kingdom Chocolate Ingredients Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Category
      • 7.3.3.2.3. By Application
  • 7.3.4. Italy Chocolate Ingredients Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Category
      • 7.3.4.2.3. By Application
  • 7.3.5. Spain Chocolate Ingredients Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Category
      • 7.3.5.2.3. By Application

8. Asia Pacific Chocolate Ingredients Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Category
  • 8.2.3. By Application
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Chocolate Ingredients Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Category
      • 8.3.1.2.3. By Application
  • 8.3.2. India Chocolate Ingredients Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Category
      • 8.3.2.2.3. By Application
  • 8.3.3. Japan Chocolate Ingredients Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Category
      • 8.3.3.2.3. By Application
  • 8.3.4. South Korea Chocolate Ingredients Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Category
      • 8.3.4.2.3. By Application
  • 8.3.5. Australia Chocolate Ingredients Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Category
      • 8.3.5.2.3. By Application

9. Middle East & Africa Chocolate Ingredients Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Category
  • 9.2.3. By Application
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Chocolate Ingredients Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Category
      • 9.3.1.2.3. By Application
  • 9.3.2. UAE Chocolate Ingredients Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Category
      • 9.3.2.2.3. By Application
  • 9.3.3. South Africa Chocolate Ingredients Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Category
      • 9.3.3.2.3. By Application

10. South America Chocolate Ingredients Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Category
  • 10.2.3. By Application
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Chocolate Ingredients Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Category
      • 10.3.1.2.3. By Application
  • 10.3.2. Colombia Chocolate Ingredients Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Category
      • 10.3.2.2.3. By Application
  • 10.3.3. Argentina Chocolate Ingredients Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Category
      • 10.3.3.2.3. By Application

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Chocolate Ingredients Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. THE HERSHEY COMPANY
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. PURATOS
• 15.3. ADM
• 15.4. PT Davomas Abadi Tbk
• 15.5. Godiva
• 15.6. Barry Callebaut
• 15.7. Mars, Incorporated
• 15.8. Cargill, Incorporated
• 15.9. pladis global
• 15.10. The Kraft Heinz Company
• 15.11. FrieslandCampina
• 15.12. Britannia Industries
• 15.13. Schreiber Foods Inc.

16. Strategic Recommendations

17. About Us & Disclaimer