At a CAGR of 6.7%, Chocolate Market growth 2027 | Mars, Hershey, Nestlé, Barry Callebaut, Kraft Foods

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. 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.

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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).

On the basis of flavor, milk chocolate held a dominant position in the global chocolate market, followed by dark chocolate. Milk chocolate market contributed to 39.65% share in 2016 and is growing at a CAGR of 6.0% during the forecast period of 2017 - 2025. Dark chocolate is the fastest growing segment with a CAGR of 8.3% during the forecast period. Made from cocoa, dark chocolate offers several health benefits such as improved blood flow rate and reduces the risk of cardiovascular diseases.

The report on Chocolate Market essentially is inclusive of an in-depth analysis of this vertical that has been forecast to accumulate substantial returns by the end of the projected timeline, registering an appreciable annual growth rate over the estimated duration. The report evaluates Chocolate Market in meticulous detail, thereby delivering valuable insights regarding the sales volume, revenue forecast, Market size, and more. Furthermore, Chocolate Market segmentation, as well as the driving forces impacting the commercialization portfolio of this business sphere, have been elaborated in the report, in detail.

Geographical Analysis: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc), South America (Brazil, Argentina etc) & Middle East & Africa (Saudi Arabia, South Africa etc).

Scope of the Report:
The exploration Chocolate Market is innovative and furthermore gives enough confirmation on the demand and supply status, production ability, import and export, inventory network administration and investment feasibility. The investigative approach connected for the broad examination of the sale, net edge and benefit generated by the business are displayed through assets including tables, diagrams, and realistic pictures. Imperatively, these assets can be effectively incorporated or utilized for getting ready business or corporate introductions.

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Objective of Studies:
• To provide strategic profiling of key players in the Market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the Chocolate Market.
• To provide insights about factors affecting the Market growth. To analyses the Chocolate Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
• To provide a detailed analysis of the Market structure along with the forecast of the various segments and sub-segments of the global Chocolate Market.
• To provide country-level analysis of the Market with respect to the current Market size and future perspective.
• To provide country-level analysis of the Market for the segment by application, product type, and sub-segments.

Lastly, This report covers the Market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional Market shares.

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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.