Press release
Global Chocolate Market 2019- will grow at 7.1% CAGR with Top Players Barry Callebaut, FUJI OIL, Puratos, C’moi, Irca, Foley’s Candies LP, Olam, Kerry Group, Guittard, Ferrero forecast to 2025
Chocolate
Global Chocolate Market valued approximately USD XX billion in 2017 and is anticipated to grow with a healthy growth rate of 7.1% over the forecast period 2018-2025. The Chocolate Market is continuously growing across the world over the coming years. Chocolate is a food in the form of a paste or solid block made from roasted and ground cacao seeds, typically sweetened and eaten as confectionery. Chocolate is the most well-known, consumed, and profitable component of the confectionary industry across the world.
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Based on the quantity of cocoa, different ranges of chocolates are produced worldwide. Rising shift of consumers towards taste preferences and increasing spending on chocolate and other confectionary products, prominently in developing countries are driving the market growth. Significant opportunities in handmade chocolates & signature chocolate-based products is creating lucrative growth opportunities for the market growth. Additionally, increasing urbanization and widespread availability of chocolate and derived products is another factor fueling the market growth. High cost associated with raw material is hampering the market growth.
Major Players:
• Barry Callebaut
• FUJI OIL
• Puratos
• C’moi
• Irca
• Foley’s Candies LP
• Olam
• Kerry Group
• Guittard
• Ferrero
The regional analysis of Global Chocolate Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapidly increasing number of air travelers and vast adoption of smartphones. Europe also contributes a satisfactory growth in the global Chocolate market due to increasing adoption of smartphones. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing number of airports in developing countries such as India China and Japan.
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Market Segmentation:
By Product Type:
• Dark Chocolate
• Others
By Technology:
• Chocolate Bars
• Flavouring Ingredient
By Regions:
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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