Know the latest trends and Insights in Global Chocolate Market
According to a new report published by Reports Monitor titled, “Global Chocolate Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Chocolate Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Chocolate is a sweet product, which is manufactured from cocoa a major ingredient required for preparation of chocolates. It has gained world-wide popularity owing to its diverse end products such as cakes, puddings, chocolate brownies and chocolate cookies. It has also been adopted in hot and cold beverages such as hot chocolate, chocolate milk and in some alcoholic drinks. Depending upon the cocoa content and additional ingredients, many variations of chocolates are available in the market.
Increased adoption of chocolates owing to the various health benefits such as increased antioxidants serves as a major protection factor against the cell damage. The health benefits possessed by chocolate consumption result as one of the significant factor in propelling the market growth. However, the fluctuation in raw materials price specifically cocoa and unstable economies of cocoa producing countries may result in hampering the market growth.
This report provides a detailed analysis of Chocolate Market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The global chocolate market is majorly segmented on the basis of chocolate type and applications. Depending upon the chocolate type, market is segmented into: sweet chocolate, dark chocolate, milk and white chocolate, while on the basis of applications, market is bifurcated into: cosmetics, food and beverages, confectionary and pharmaceuticals.
The global chocolate market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). North America followed by Europe is anticipated holds the major share in the market mainly owing to the presence of well-established players such as Mars Inc, Nestle SA and others, while Asia Pacific is expected to emerge as a fastest growing regions owing to the rising awareness regarding the health benefits of dark chocolate and increase in per capita income.
The key players operating in the market are listed as: Mars Inc., Ferrero group, Mondelēz International, Meiji Co Ltd, Nestlé SA, Hershey Co, and Chocoladenfabriken Lindt & Sprüngli AG, Ezaki Glico Co Ltd and Arcor and Pladis.
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