Higher Demand of Chocolate market globally 2020 | Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., Mondelez International (Cadbury)

Chocolate is regarded as one of the highly profitable components and is denoted as a multibillion-dollar market, which is expected to conquer new levels over the forecast period. It is a type of sweet mainly prepared from cacao seeds, which are roasted and ground. Amount of cacao added while preparing decides the different variety of chocolates to be produced. It has also made its way in vast number of food items, such as cookies, cakes, brownies, pudding, mouse, hot and cold beverages, and various other dishes with increase in demand and innovation. As taste is the major preference among the consumers, companies are focusing on making a product that is accepted worldwide.

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Key companies covered as a part of this study include Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero, Moonstruck Chocolatier Co., Ghirardelli Chocolate Co., Mondelez International (Cadbury).

Market Dynamics

Major drivers propelling the growth of chocolate market includes wide range of application such as flavored food items and confectionary products. Milk chocolates dominates the flavored chocolate market, followed by dark chocolate. According to coherent market insights, global milk chocolate market is valued US$ 39.49 billion in 2016. Rising awareness about the health benefits of dark chocolate, such as potential cancer prevention, improved heart health, maintaining cholesterol level, and high antioxidant level is expected to boost the growth of chocolate market over the forecast period. According to National Center for Biotechnology Information (NCBI), cocoa chocolate has cancer protective properties along with it is strong antioxidant effects with a pleasurable eating experience.

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Detailed Segmentation:

Global Chocolate Market, By Price Range:
Economic Chocolate
Mid-Range Chocolate
Premium Chocolate

Global Chocolate Market, By Flavor:
White Chocolate
Milk Chocolate
Dark Chocolate
Bittersweet
Semi-sweet
Others

Global Chocolate Market, By Product Types:
Box Chocolate
Chocolate Countlines
Chocolate Straightlines
Molded Bars
Novelties
Others

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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.

This release was published on openPR.