Chocolate Market Factors Boosting The Industry Growth 2021 | Hershey, Nestlé, Barry Callebaut, Kraft Foods, Ferrero

The global chocolate market was dominated by milk chocolate, followed by dark chocolate, in terms of flavour. Milk chocolate accounted for 39.65% of the market in 2016 and is expected to increase at a CAGR of 6.0 percent between 2017 and 2025. With a CAGR of 8.3% over the predicted period, dark chocolate is the fastest expanding segment. Dark chocolate, which is made from cocoa, has various health benefits, including increased blood flow and a lower risk of cardiovascular disease. Dark chocolate's health benefits are a primary factor driving the segment's rise throughout the predicted period.

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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).

Europe is estimated to lead the chocolate market with a CAGR of 4.6 percent. By 2025, it is estimated to be worth US$ 43.20 billion. In 2016, Germany topped one-fourth of Western Europe in confectionary sales and consumption, according to the National Confectionary Association (NCA). North America is the world's second-biggest chocolate market, with the United States as the region's largest economy. It boasts the highest chocolate consumption and worldwide players such as Mars, Mondelez, and others. Due to the expansion of global companies such as Mars, Hershey's, Ferrero, and Ghirardelli in the region, Asia Pacific is the fastest expanding region in the chocolate market.

The industry analysts begin their task by compiling this large pile of information, graphically expressing like (Pie, Line, Bar, Area Charts, Scatter Plot etc.), anticipating the future market growth, offering the ways to improve the business, and many other important points covered by them in the global Chocolate Market report.

The study provides a comprehensive analysis of the Chocolate market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographical region based on the growth rate, indicator parameters, consumer buying patterns, and market demand, trends and supply scenarios.

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Research objectives
• To understand the structure of Chocolate market by identifying its various subsegments.
• To study and analyze the global Chocolate consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
• Global Chocolate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Chocolate with respect to individual growth trends, future prospects, new product launches, acquisitions and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Chocolate submarkets, with respect to key regions along with their respective key countries.
• To strategically profile the key players and comprehensively analyze their growth strategies

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