Press release
Chocolate Market, by Flavor, by Product Types & Distribution Channels
Chocolate is the ultimate comfort food type and flavor in the world. It is made in the form of blocks, liquid or paste. In many types of food stuff, it is used as flavoring ingredients, such as chocolate brownies, cakes, chocolate cookies, bars, and candies. Cocoa is the main ingredient in the production of chocolate. Cocoa provides phytochemicals that can improve health by acting as an antioxidant. Dark chocolate has high phytochemical content. Chocolate eating triggers the release of serotonin within the brain that contributes to the pleasure experience.Major driver propelling the growth of the chocolate market is the increased awareness regarding the health benefits of chocolate, such as blood pressure suppressing property, antioxidant enrichment, and anti-aging property. In addition, increasing consumption of chocolate on seasonal and festival occasion are the reasons for the growth of the chocolate market. Moreover, with the growth in the confectionary market demand for chocolate is also rising, according to coherent market insights, the confectionary market is growing at CAGR of 3.8% during the forecast period of 2017 - 2025.
Sample Copy of this Report: https://www.coherentmarketinsights.com/insight/request-sample/998
Europe led the chocolate market and is expected to grow at CAGR of 4.6% during the forecast period, 2017-2025. It is expected to be valued at US$ 43.20 billion by 2025. According to National Confectionary Association (NCA), Germany led one-fourth of the Western European in sales and consumption in 2016. North America is the second largest chocolate market with the U.S being major economy in the region. It has the highest consumption of chocolate and presence of international players such as Mars, Mondelez, etc. Asia Pacific is the fastest growing region in chocolate market, owing to the growth of multinational companies in the region such as Mars, Hershey’s, Ferrero, and Ghirardelli. Also, high consumption of chocolate by growing population is propelling the demand for the growth of chocolate market over the forecast period.
By price range, economy range chocolate has the highest demand. During festivals such as Christmas, Easter, and Diwali demand for economy range and mid-range chocolate is high due to large population of low-income economy. According to World Bank PovcalNet Database, around 56% of global population is low-income and around 13% is middle-income population. Among products type, molded bars have the highest shares and it was valued at US$ 35.34 billion in 2016.
Request For Customization @https://www.coherentmarketinsights.com/insight/request-customization/998
Among flavored chocolates, milk chocolates dominates the global chocolate market, which was valued at US$ 39.49 billion in 2016 and it is growing at a CAGR of 6.0% during the forecast period of 2017 - 2025. Dark chocolates have the second largest market growing with a CAGR of 8.3% during the forecast period of 2017 - 2025. Owing to various health benefits and increased awareness among the peoples regarding dark cocoa chocolates is expected to propel the demand for dark chocolates over forecast period.
According to the International Cocoa Organization, the net sales of the Mars Inc. was at the peak in 2016 with US$ 18000 Million followed by, Mondel?z International with US$ 12,900 Million.
Major Players in the Chocolate Market:
Some of the major players in the chocolate market include Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., and Mondelez International (Cadbury).
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Chocolate Market, by Flavor, by Product Types & Distribution Channels here
News-ID: 1034980 • Views: …
More Releases from Chocolate Market
Chocolate Market to Hold a High Potential for Growth by 2025
"An emotive product, chocolate is truly a feel-good food, related with combating bad moods, relieving sadness, and makes people happier too. But regardless of this constant, the chocolate world is highly compelled by the sense of taste preferences of customers, it is imperative that chocolate companies are focusing more on development of product and various marketing strategies for gaining wider customer base as well as for capturing newer markets.
Get More…
Chocolate Market 2024 | Barry Callebaut, Ghirardelli Chocolate Co, Kraft Foods, …
An emotive product, chocolate is truly a feel-good food, related with combating bad moods, relieving sadness, and makes people happier too. But regardless of this constant, the chocolate world is highly compelled by the sense of taste preferences of customers, it is imperative that chocolate companies are focusing more on development of product and various marketing strategies for gaining wider customer base as well as for capturing newer markets.
An upcoming…
Market Insight : Chocolate Market Globally Expected To Reach at a CAGR of 5.37% …
Researchmoz added Most up-to-date research on "Global Chocolate Market 2017-2021" to its huge collection of research reports.
About Chocolate
Chocolate is a form of food which is in the form of a paste or solid blocks made from cacao seeds usually sweetened and consumed as a confectionery. The global confectionary market includes products like chocolate confectionary, sugar confectionary, and gum confectionary. The retail chocolate confectionery market is growing steadily as specialist chocolate…
Chocolate Market- Insights, Size, Share and Industry Forecast 2025
Chocolate is the ultimate comfort food type and flavor in the world. It is made in the form of blocks, liquid or paste. In many types of food stuff, it is used as flavoring ingredients, such as chocolate brownies, cakes, chocolate cookies, bars, and candies. Cocoa is the main ingredient in the production of chocolate. Cocoa provides phytochemicals that can improve health by acting as an antioxidant. Dark chocolate has…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
