Press release
Chocolate Market to Reach USD 195.58 Bn by 2029, emerging at a CAGR of 5.1 percent and forecast 20223-2029
Chocolate Market
The report is compiled using a robust research methodology, combining primary and secondary data sources. It incorporates in-depth interviews, surveys, and analysis of industry experts, as well as exhaustive market research.
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What are Chocolate Market Dynamics:
Chocolate and premium chocolate goods are among the world's most popular foods. Chocolate ingestion in moderation has been discovered to increase serotonin, a neurotransmitter that relaxes the brain and acts as an antidepressant. It also improves one's temperament by releasing toxins. To best complement the celebration, chocolates available in a multitude of forms, sizes, and wrapping. Chocolate is a worth billions of dollars industry that is steadily expanding as new products are produced and advertised.
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Chocolate Market Regional Insights:
Europe dominated the global Chocolate market in 2022, holding a 45% market share. The region's preference for sugar-free and fat-free chocolates, driven by heightened health consciousness, contributed to this dominance.
North America secured the second-largest market share in 2022, with a strong demand for chocolate confectionery. The region is a significant cocoa supplier, supporting the growth of chocolate confectioneries.
Asia Pacific is anticipated to experience the highest CAGR of 6.9% in the global chocolate market during the forecast period. This growth is attributed to the increasing disposable income in developing countries and a shift towards westernized lifestyles.
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What is Chocolate Market Segmentation:
by Product
Milk Chocolate
Dark Chocolate
White Chocolate
by Sales Category
Everyday Chocolate
Premium Chocolate
Seasonal Chocolate
by Distribution Channel
Online Channel
Departmental Store
Supermarket
Hypermarket
Others
Who are Chocolate Market Key Players:
1. Kraft Foods
2. Nestle
3. Moonstruck Chocolatier Co.
4. Mars Inc.
5. Ghirardelli Chocolate Co.
6. Ferrero Group
7. Hershey Foods Corp.
8. Cadbury
9. Meiji Co Ltd
10.Arcor
11.Ezaki Glico Co Ltd
12.August Storck KG.
13.Barry Callebaut
14.Amul
15.Lindt & Sprรผngli Ag.
16.Chocoladefabriken Lindt & Sprungli
17.Cargill
18.Olam International
19.Fuji Oil Company Ltd.
20.ECOM Agroindustrial Corporation Ltd.
21.Cocoa Processing Co. Ltd.
22.Touton S. A.
23.BD Associates Ghana Ltd.
Table of content for the Chocolate Market includes:
Chocolate Market: Research Methodology
Chocolate Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Chocolate Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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