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Chocolate Confectionery Market Market Size Expected to Fly High with Increased Demand | Mondelez International, The Hershey Company,
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Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War. The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations' armed forces. Due to Russia's invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
Among product types, Dark chocolate is the fastest-growing segment. Strong antioxidant content protects against disease-causing free radicals, while flavonoids included in this chocolate aid in cancer prevention, heart health, and cognitive abilities. Cocoa polyphenols in dark chocolate, according to numerous research, aid in cholesterol control, and some studies confirm that dark chocolate has a higher antioxidant capacity than many superfoods, thus driving the demand for chocolates in the industry.
Chocolate confectionery manufacturers engage in a variety of marketing and promotional efforts to promote product awareness among their target end-user categories. The companies are increasingly promoting product lines that are free of trans fats, saturated fat, and artificial flavours and sweeteners in favour of ingredients such as organic wheat flour, cane sugar, rice syrup, and corn starch. APAC holds the largest market share in Global Chocolate Confectionery Market. The large population along with high disposable income in Asia is the major factor propelling its highest global share.
Scope of the Report
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The companies analysed in the report include Nestle, Mondelez International, The Hershey Company, Meiji Holdings Co, ltd., Lindt & Sprngli, Ezaki Glico Co., Ltd., Barry Callebaut, Ferrero Group, Mars Inc., Pladis.
The report analyses the Chocolate Confectionery Market by Product Type (Dark, Milk, and White).
The report analyses the Chocolate Confectionery Market by Distribution Channel (Offline, Online).
The Global Chocolate Confectionery Market has been analysed by countries (United States, Canada, Mexico, United Kingdom, France, Germany, Switzerland, China, Japan, India, and Australia).
The key insights of the report have been presented through the frameworks of SWOT and Porters Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Product, by Distribution Channel.
Key Target Audience
Confectionery Industry Vendors
Consulting and Advisory Firms
Government and Policy Makers
Regulatory Authorities
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