Chocolate Market is Set To Fly High in Years to Come : Ferrero Group, Meiji, Nestle

According to HTF Market Intelligence, the Global Chocolate market to witness a CAGR of 9.3% during forecast period of 2023-2028. The market is segmented by Global Chocolate Market Breakdown by Type (Dark Chocolate, Milk Chocolate, White Chocolate, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Chocolate market size is estimated to increase by USD 1.68 Billion at a CAGR of 9.3% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 46.61 Billion.

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Definition:
The chocolate market refers to the global market for the production, sale, and consumption of various types of chocolate products, including chocolate bars, chocolate confectionery, chocolate-based snacks, chocolate beverages, and more. The chocolate market includes manufacturers, suppliers, wholesalers, and retailers of chocolate products, as well as consumers who purchase and consume chocolate products for personal use or as gifts. The chocolate market is a large and growing industry, with numerous players vying for market share through product innovation, marketing, and pricing strategies. The market is also influenced by factors such as changing consumer preferences, global economic conditions, and emerging health concerns related to the consumption of chocolate.

Chocolate market - Key Segment Analysis

The market share growth by the Dark Chocolate segment will be significant during the forecast period. The segment is driven by the Rising Taste Preferences of Consumers Related Food and Beverages, Increasing Demand in Variety.

Chocolate market - Competition Analysis
The global Chocolate market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Ferrero Group (Italy), Meiji Co. Ltd. (Japan), Nestle. (Switzerland), Chocoladefabriken Lindt Sprungli AG (Switzerland), Pladis (United Kingdom), Haribo GmbH Co. K.G. (Germany), Ezaki Glico Co. Ltd. (Japan), Bourbon Corp. (Japan), Hershey Company (United States), August Storck KG (Germany).

Chocolate market - Geographical Outlook
Asia Pacific will provide maximum growth opportunities in Chocolate market. According to our research, the region will account for % of the global market growth during the forecast period. The market in Asia Pacific is driven by Rising Demand Of Plant-Based Food Among Consumers, Demand of Various Cocoa and Chocolate.

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What key data is demonstrated in this Chocolate market report?
• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Chocolate market between 2023 and 2028
• Precise estimation of the size of the Chocolate market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
• Thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Chocolate market players

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Some Extracts from Table of Content
Some Extracts from Table of Content
- Overview of Chocolate Market
- Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
- Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry

- Chocolate Size (USD & Sales Volume) Comparison by Type (2017-2028)
- Chocolate Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
- Chocolate Size (Value & Volume) Comparison by Region (2017-2028)
- Market Capacity, Production, Export-Import by Region (2017-2022E)
- Chocolate Market Sales, Revenue and Growth Rate (2017-2028)
- Competitive Situation and Trends
- Market Positioning and Share Analysis (2020-2022E)
- Suppliers High-Performance Operational Base Distribution
- Analyse competitors, Profiles, Sales Area, Product Category
- Chocolate Cost Analysis
- Marketing Strategy Analysis
- Research Conclusions

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 (434) 322-0091
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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