Chocolate Market Professional Survey Report with Global Revenue Analysis, Current market Scenario and Forecast to 2025 | Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., and Mondelez Int

Global Chocolate market was valued at US$ 99.60 Billion in 2016, according to Chocolate Market Report by Price Range, by Flavor, by Product Types, by Distribution Channels, published by Worldwide Market Report. 𝐓𝐡𝐞 𝐂𝐡𝐨𝐜𝐨𝐥𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟔.𝟔% 𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝 (𝟐𝟎𝟏𝟕 - 𝟐𝟎𝟐𝟓) 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐔𝐒$ 𝟏𝟕𝟐.𝟐𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟐𝟓.

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. For instance, according to Coherent Market Insights’ analysis, the confectionery market is expected to witness CAGR of 3.8% during the forecast period of 2017 – 2025.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.worldwidemarketreports.com/sample/202388

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).

During the festive season, the chocolate demand reaches its peak backed by huge sales of numerous chocolate products. Moreover, the health benefits of chocolate, such as suppressing the blood-pressure, antioxidant enrichment, anti-aging, and relieving stress are the advantages contributing to the growth of chocolate market globally. According to Health and Human Services, there was 11% reduction in cholesterol of the patients after 15 days of consumption of dark chocolate. However, fluctuating raw material prices, supply instability, and political instability in the economies manufacturing cacao are the restraints for the growth of global chocolate market.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐡𝐨𝐜𝐨𝐥𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

• 𝐄𝐮𝐫𝐨𝐩𝐞 led the chocolate market and was valued at US$ 29.07 billion in 2016. Owing to the presence of large number of manufactures especially in U.K. and Germany. According to National Confectionary Association (NCA), Germany led one-fourth of the Western European in sales and consumption in 2016.

• 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 is the fastest growing region in the global chocolate market. It is valued at US$ 26.75 billion in 2016 and it is growing at a CAGR of 8.5%, owing mainly to the rise in disposable incomes of the consumers. Moreover, influence of western habits and culture have augmented the growth of multinational companies, such as Mars, Hershey’s, Ferrero, and Ghirardelli in this region. The economies such as 𝐉𝐚𝐩𝐚𝐧, 𝐂𝐡𝐢𝐧𝐚, 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚, 𝐚𝐧𝐝 𝐈𝐧𝐝𝐢𝐚 are the major markets of these brands and contribute to the growth of chocolate market globally. Cadbury India, was associated with the highest sales over the past few decades, owing to the most attractive brand during the festive reason of this country.

• 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 is projected to be the largest region in chocolate market. The growth is mainly attributed to the presence of international brands and high rate of consumption. The U.S. is the major player of chocolate market in this region. According to National Center for Biotechnology Information (NCBI), the U.S. population consumes one or more than one chocolate candy of the three days of food intake. Moreover, chocolate is consumed more in winters of about 30-90 grams/day.

• The 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐚𝐧𝐝 𝐀𝐟𝐫𝐢𝐜𝐚 are witnessed to have a significant growth in the chocolate market. The major regions such as the U.S. and Europe are expanding their business in Africa and the consumption rate of the premium chocolates, such as Ferrero and Lindt are increasing at a fast pace in the Middle East. According to the Gulf News, chocolate market is huge in UAE with an estimated business of US$ 54.4 million annually.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.worldwidemarketreports.com/quiry/202388

Mr. Shah
Worldwide Market Reports
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