Chocolate Market growth prospects with challenges, comprehensive evaluation, analysis of regional trends, key players Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co.

Chocolate is a typically sweet, usually brown comfort food prepared from cocoa tree in the form of blocks, liquid, or paste. Chocolate is used as flavoring ingredients in several foodstuffs, such as chocolate brownies, cakes, chocolate cookies, bars, and candies. The main ingredient cocoa provides phytochemicals, which is an antioxidant. The content of phytochemicals is high in dark chocolates. Chocolate increases serotonin levels in the brain and the gut and improves immune system.

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The increasing awareness of health benefits associated with chocolate is major factor propelling growth of the chocolate market. Consuming chocolate offers health benefits such as blood pressure suppressing property, antioxidant enrichment, and anti-aging. Furthermore, increasing demand for chocolate and chocolate-base products on seasonal and festival occasion significantly contributes to growth of the chocolate market. High demand for chocolate in confectionery market further fuels growth of the market.

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.

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).

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