Chocolate and Gourmet Dates Market Report, by Product Type (Chocolates, and Gourmet Dates), by Packaging Type (Gift Packaging and Standard Packaging), by Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online Sto

Chocolates are a rich source of antioxidants owing to the presence of cocoa as a raw material. Gourmet dates have health benefits owing to its organic base. Moreover, gourmet dates can be filled with nuts, fruits, or chocolates. The market is projected to reach US$160.28 billion by the end of 2026, at a CAGR of 5.1% over the forecast period, attributing to increasing consumption of organic food coupled with a rising awareness associated with health benefits of both, chocolates, as well as gourmet dates.

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Distribution channels of chocolate and gourmet dates include hypermarkets & supermarkets, convenience stores, specialty stores, online stores, and others. Other distribution channels comprise grocery stores, retail stores, and departmental stores. The online channel segment is predicted to grow at a faster pace during the forecast period as a result of increased penetration of internet and mobile phones across the globe.

The global chocolate and gourmet dates market is expected to be valued at US$ 160.28 billion by 2026, and is expected to register a CAGR of 5.1% in terms of revenue over the forecast period (2019 – 2026).

Europe is the fastest growing region and accounted for the largest market share of around 47.14% in 2017, owing to increasing tourism and increasing manufacture of chocolates. Moreover, key market players such as Lindt & Sprungli AG, Nestle S.A., Ferrero Group, Deliciously Dates, and Confiseur Laderach AG have their headquarters in Europe, leading to higher export from this region.

Players operating in the global chocolate and gourmet dates market are adopting various growth strategies such as mergers, acquisitions, and business expansion to cater to an increasing demand for chocolates and gourmet dates. For instance, in 2015, Ferrero acquired Thorntons (a chocolate confectionery company). This helped Ferrero expand its presence in the U.K. chocolate market. Moreover, in January 2018, Ferrero acquired Nestlé’s U.S. confectionery business.

Major players operating in the global chocolate and gourmet dates market include Mars Inc., Nestle S.A., Mondelez International, Ferrero Group, Godiva, Bateel International L.L.C., AL FOAH, Doyen Foods, Flyberry Gourmet, Sharjah Dates Factory, and others.

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This release was published on openPR.