openPR Logo
Press release

Demand of Chocolate Market 2024

The chocolate market registered a value of US$ XX Bn in 2016. During a five-year forecast period 2016-2024, the global market for chocolate is expected to witness a robust CAGR. A host of trends and opportunities that are currently driving the market are slated to shape up the market condition during the forecast period.

Chocolate is one of the most profitable components of the confectionary industry globally. The chocolate industry has been representing a multibillion dollar market since the past decade and is expected to reach new levels of growth within the next few years. Rising awareness about health benefits of consuming a chocolate on a daily basis, will remain a key booster to the global chocolate market over the next few years.

While developed countries represent established and thriving markets for chocolate, a shift in consumer taste preferences and rising spending on chocolate and other confectionary products are identified to be the major drivers to market growth, prominently in developing countries. Increasing urbanization and widespread availability of chocolate and derived products will remain another key factor fueling the market for chocolate globally.

Antioxidants-enrichment, blood pressure-suppressing character, and supposedly anti-aging properties of chocolate will remain the key factors propelling adoption of chocolate and chocolate products. Dark chocolate that contains a larger proportion of cocoa is especially recommended to prevent or slow down aging and certain diseases, such as CVDs. These and more similar perceived benefits of chocolate will continue to drive demand for chocolate in the global market.

A few recent research findings indicate that chocolate consumption aids in looking younger as well as relieving stress, which are expected to further push the demand for chocolate. A sweeping range of new applications of chocolate in food and confectionary products are anticipated to escalate the demand, whereas wide acceptance of chocolate-flavored milk, drinks, bakery products, ice creams, functional foods, and liquor chocolates will sustain the demand throughout the next four years.

Chocolates are still largely considered as an affordable luxury in some regions of the globe. Price-sensitivity may detain the penetration of chocolate market in some of the underdeveloped parts of the world. Moreover, the uncertain economy of the cocoa supply is likely to raise chocolate prices, which is foreseen to be a major challenge to market growth.

Seasonal and festive sales of chocolate are projected to surge in the next few years. Gifting chocolate hampers and bouquets are among some popular consumer trends in market, which will strongly favor the market over the forecast period. In addition, lucrative growth opportunities lie in handmade chocolates and signature chocolate-based products.

Some niche products, such as chocolate drinks, fudge, mousse, rolls, and sandwich are identified to be attractive revenue generators. Moreover, a variety in gourmet chocolate is also expected to present significant opportunities in the global chocolate market. Development of organic and fair-trade chocolate may completely change the market dynamics over 2016-2024

The global chocolate market is segmented on the basis of type and sale frequency.

By chocolate type, the market is classified as milk chocolate, dark chocolate, and white chocolate. Milk chocolate segment registered the largest market share in 2013, followed by dark chocolate.

Based on frequency of sale, the market is categorized as daily chocolate, premium chocolate, and seasonal chocolate. Daily chocolate, attributed to affordable price, has been a major segment over the years.

The global chocolate market is segmented on the basis of geography, into key four regions viz. North America, Europe, Asia Pacific, and rest of the world (RoW).

Presence of a large number of leading international chocolate brands and higher chocolate consumption will continue to account for the top market position of North America, especially the U.S. Europe will be another major market, led by the U.K. and Germany.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3107

APAC, predominantly China and India, is however expected to emerge at the fastest rate over 2016-2024. This growth is attributed to soaring influence of the Western lifestyle and awareness about health benefits of chocolate. Seasonal and festive sales are likely to hold a strong foothold in developing Asian economies, such as India.

Request to view table of content @ http://www.persistencemarketresearch.com/toc/3107

Some of the key players participating in the global chocolate market, include Nestle SA, Fererro Group, Hershey Foods Corporation, Mondelez International (Cadbury), Mars Inc, Meiji Co Ltd, August Storck KG, Ezaki Glico Co. Ltd. and Arcor. A few other notable companies are Kraft Foods, Moonstruck Chocolatier Co., and Ghirardelli Chocolate Co.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Demand of Chocolate Market 2024 here

News-ID: 486879 • Views: 411

More Releases from Persistence Market Research

Dibasic Ester Market Estimated to Experience a Hike in Growth by 2030
Dibasic esters, also known as DBEs, are the refined dimethyl esters formulated by varying the composition of adipic acid, glutaric acid and succinic acid. The primarily produced dibasic ester is further distilled to produce the dibasic ester specialty fractions designated as DBE-2, DBE-3, DBE-4, DBE-5, DBE-6 and DBE-9. The physical characteristics of dibasic ester include clear, colorless liquid with a mild odor. The dibasic ester is not readily miscible in
Methyl Acrylate Market Development, Key Opportunity and Analysis of Leading Play …
Methyl Acrylate Market: Introduction– Methyl acrylate (C4H6O2) is a colourless volatile liquid having a slight solubility in the water while, methyl acrylate completely gets soluble into ethers, alcohols and other organic solvents. Methyl acrylate is produced by reacting acrylic acid with methanol in a reactor at elevated temperature, which gives methyl acrylate along with water as a by-product. Methyl acrylate is used in the formation of photopolymer and copolymer to serve
Pyrrole Market Demand, Growth, Opportunities and Analysis Of Top Key Player Fore …
Pyrrole Market: Introduction– Pyrrole is a five-membered heterocyclic compound having formula C4H4NH. Pyrrole is a colourless volatile liquid which is unstable in the presence of air. Pyrrole comes under the family of aromatic compounds. In 1834, pyrrole was first discovered by F.F. Runge as a constituent of coal tar. Pyrrole is produced by treating furan with ammonia in the presence of solid acid catalysts such as Al2O3 and SiO2. Pyrrole is
Etching Agent Market Demand and Opportunities 2029
Etching is a process in which the undesired parts of a component are exposed to chemicals such as acids and bases. This process yields a desired shape and the chemicals involved in the process are known as etching agents or etchants. The desired parts of the component are masked either by rubber or other inert substances that are resistant to the etching agents. The manufacturing of semiconductors employed in the

All 5 Releases


More Releases for Chocolate

India Chocolate Market (2017-2023)
Premium Chocolate Segment to Post higher growth over the next six years and tier-I cities held majority of the demand in India chocolate market – 6Wresearch India chocolate market is witnessing the trend of premiumization as a result of increasing disposable income. The country’s chocolate market recorded significant demand for premium, dark, and sugar-free chocolates. With the stimulus western culture Indian consumers are changing their taste preferences towards chocolates rather than
White Chocolate Market 2019, By Top Key Players: Mars, Blommer Chocolate, GCPPL, …
White chocolate is made with cocoa butter, sugar, milk and spices.White chocolate has almost the same ingredients as milk chocolate but contains relatively high amounts of cocoa, dairy and powdered sugar. The “White Chocolate Market” Report Provides Growth History, Sales Channel, Manufacturers Profiled In SIM Cards Business, Market Share Of Product, Application And Regional Scope Of White Chocolate. The Market Report Consists Of Key Drivers And Limiting Factors Relate To White
Chocolate Beer Market Research Report 2018: Market status , Types (Chocolate Ale …
Industry Overview of  Chocolate Beer Market: The fundamental purpose of this Chocolate Beer market report is to provide a correct and strategic analysis of the Profile Projectors industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market.It provides a deep insight into the industry parameters by accessing the market growth, consumption volume, the upcoming market trends, and the different prices variation for the forecast
India Chocolate Market Outlook", 2023
Christmas is all about cold snow, warm sweaters, bright lights & CHOCOLATES. Christmas and chocolates go hand in hand since its origin December 25, is the day when christmas is celeberated all over the world, be it children or adults or age olds. Jesus chose to be born on the shortest day of the year for symbolic reasons, according to an early Christmas sermon. Christmas Day is celebrated as a major festival
Global Chocolate Packaging Market - Crown chocolate packaging, Swiss Pac Pvt.
The statistical surveying information incorporated into the Chocolate Packaging report is the aftereffect of significant essential and optional research exercises. The report fragments the worldwide market for Chocolate Packaging based on makers, item compose, applications, and districts. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the worldwide Chocolate Packaging advertise covering key factors, for example, drivers and
Chocolate Confectionery in Romania
Chocolate confectionery continued to enjoy the perception of being a luxury product among the majority of Romanian consumers, who were affected by the adverse economic conditions. 2016 showed good economic growth, to continue the good GDP performance started in 2013. Chocolate confectionery posted positive growth rates in both volume and value terms, a reflection of the increased confidence in the economy as well as the recovery of incomes and the