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Chocolate Market Outlook 2023, Size, Growth, Price Trends, Top Players & Forecast Report 2028
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Chocolate Market Overview:
Chocolate refers to a sweet, edible product produced by roasting and grinding cocoa beans. It is a rich source of carbohydrates, essential minerals, and alkaloids, such as phenethylamine, theobromine, flavonoids, and caffeine. Its consumption is beneficial for the skin since it is a rich source of iron, calcium, and manganese. It also helps in relieving stress, and boosting blood circulation to the brain, thereby improving memory power.
Additionally, it aids in maintaining cardiovascular health due to its anti-inflammation properties. Some commonly available chocolates include milk, dark, and white, with unique flavors, such as raspberry, mint, blueberry, espresso, pomegranate, honey, and peanut butter. Besides, it is extensively available in different shapes and sizes, including bars, cubes, chips, and wafers.
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Chocolate Market Trends:
The rising consumption of chocolate-based food items, such as ice creams, cakes, pastries, candies, donuts, shakes, fudge, and fondants, is driving the global market. Moreover, the rapid expansion of the food and beverage (F&B) industry and the escalating number of hotels, restaurants, coffee centers, and bakeries are contributing to the growth of the market. Furthermore, several leading players are developing new varieties by adding flavors, nuts, raisins, and almonds, which are gaining prominence among the masses.
Besides, continuous improvements in organized distribution channels, and the emerging e-commerce sectors, are impacting the market favorably. Other factors, such as inflating disposable income levels of the masses and the growing popularity of organic and sugar-free chocolates, are also influencing the market.
Chocolate Market Segmentation:
Competitive Landscape:
• Arcor
• Barry Callebaut
• Chocoladefabriken Lindt & Sprüngli AG
• Chocolaterie Guylian
• Ferrero International
• Mars Incorporated
• Meiji Co. Ltd.
• Mondelez International Inc. (Kraft Foods)
• Moonstruck Chocolate Company
• Nestlé S.A.
• The Hershey Company
Breakup by Product Type:
• White Chocolate
• Milk Chocolate
• Dark Chocolate
• Others
Breakup by Product Form:
• Molded
• Countlines
• Others
Breakup by Application:
• Food Products
• Bakery Products
• Sugar Confectionery
• Desserts
• Others
• Beverages
• Others
Breakup by Pricing:
• Everyday Chocolate
• Premium Chocolate
• Seasonal Chocolate
Breakup by Distribution:
• Direct Sales (B2B)
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Stores
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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