Chocolate Market Report 2019-2029

Chocolate Market Report 2019-2029 Bharat Book Bureau Provides the Trending Market Research Report on “Chocolate Market Report 2019-2029”under Food Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Chocolate Market Report Market Definition: • Chocolates are the most consumed and profitable component of the confectionery industry.

• Different ranges of chocolates are produced based on the quantity of cocoa.

• Chocolates have been sourced as one of the excellent pressure suppressants and anti-ageing confectionery items.

Market Overview and Trends • China, India, and Brazil are offering new variety of chocolates to improve differentiation, personalization, and premiumization of chocolates.

• Seasonal and festive sales of chocolate are increasing through the years.

• The key market trends in coming years will be the demand for organic, vegan, sugar-free, and gluten-free chocolates.

• Milk chocolates demand have increased due to its benefit in reducing cardiovascular diseases.

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Market Dynamics: Factors Influencing the Market Growth: • Increase in demand for premium and seasonal chocolates during festive seasons has increased over the years.

• Consumers are preferring premium chocolates as gifts as they are more conscious about the brand and quality they consume.

• The rising income levels of the consumers and the changing lifestyles are the key factors resulting in the increase in purchase.

• Health benefit awareness such as antioxidants-enrichment, blood pressuresuppressing character, anti-ageing properties, stress reliever, among the consumers have increased the demand.

• Also, chocolate-flavoured milk, drinks, bakery products, ice creams, functional foods, and liquor chocolates will increase the market over the next few years.

Factors Restraining the Market Growth: • Chocolates are considered to be a luxury product in some of the regions resulting in the less demand owing to the price of the product.

• The uncertain economy of the cocoa supply is likely to raise chocolate prices.

Market Segmentation 2019-2029: The Chocolate Market is segmented on the Product type, Distribution Channel type, Sales Category type and Geography.

Product Type

• Milk/White Chocolate Market, 2019-2029 • Dark Chocolate Market, 2019-2029 Distribution Channel Type • Supermarkets/Hypermarkets Market, 2019-2029 • Specialist Retailers Market, 2019-2029 • Convenience Stores Market, 2019-2029 • Online Channels Market, 2019-2029 • Other Distribution Channels Market, 2019-2029 Sales Category Type • Everyday Chocolate Market, 2019-2029 • Premium Chocolate Market, 2019-2029 • Seasonal Chocolate Market, 2019-2029 Geographic Breakdown Focused regional forecasts and analysis explore the future opportunities: • North America Market, 2019-2029 • Europe Market, 2019-2029 • Asia-Pacific Market, 2019-2029 • LAMEA Market, 2019-2029 Competitive Analysis: • The global chocolate market is highly competitive, with the presence of numerous leading players accounting for the major share.

• The new product launch is the preferred strategy in the global market.

• Manufacturers are attracting customers via ingredients, exclusivity, price, provenance, and packaging to attain maximum sales.

Major Market Players: Ferrero, Lindt & Sprüngli, Nestlé, Mars, Incorporated, Cadbury, Dove Chocolate, Kinder, Ghirardelli Chocolate Company, The Hershey Company, Godiva Chocolatier, Milka, See’s Candies, Ritter Sport, Green & Black’s, Tootsie Roll Industries, Meiji, Whittakers, Wilbur Chocolate Company, Lotte, Guittard Chocolate Company, Kraft Foods, Valrhona, Droste, Marou, and Kraš.

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