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North-American Industrial Chocolate Market to Observe Strong Development 9.01% CAGR by 2022
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Low-calories features of dark-chocolate in comparison to other chocolates will drive higher demand for dark-chocolate. Growing demand from the niche applications like chocolate truffles will boost demand for white chocolate
Rising demand from various food and beverage segments is driving growth for industrial chocolate sales. White chocolate has witnessed the highest growth during the period 2011-2016 followed by dark chocolate
Owing to the innovations in flavors & forms, creative packaging, personalization, and advancement of technology with strong growth in food industry, there has been surge in sales of industrial chocolate in North American region. Also, low-calories features of dark-chocolate in comparison to other chocolates and rising demand from various food & beverage segments specifically from the niche applications like chocolate truffles will drive higher demand for dark-chocolate.
The North-American Industrial Chocolate market is in the growing stage of its life cycle. Milk chocolate held 54.6% of North American Industrial Chocolate Market in 2012 in volume terms whereas dark and white chocolate captured 38.2% and 7.2% respectively. With rise in disposable incomes, evolving market trends, and growing demand for health and wellness products has created lucrative opportunities for the growth of this market. The chocolate industry is growing at a faster rate mainly in the emerging markets, mainly the BRIC- Brazil, India, China & Russia countries. Major chocolate manufacturers are investing in these markets to further broaden its growth opportunities backed by reasons with high consumption potential due to high existing population.
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Abundance of raw-materials like sweeteners, edible fats other than cocoa and cheap labor will enhance chocolate production and nearness to consumer markets will improve chocolate manufacturer’s profit margins in these countries.
Through this report Market Research future aims to provide understanding of the North American Industrial chocolate market and assists identification of ongoing trends along with anticipated growth in the coming years. For this research extensive primary research was conducted to gain a deeper insight of the market performance. Various industry experts and Key Opinion Leaders (KOLs) were contacted from both supply side and demand side of North American Industrial chocolate market. The supply side industry experts consisted of CEOs, Directors, Marketing Managers, Sales Mangers, R&D Specialists, Country Manager, Regional Managers of North American Industrial chocolate companies, Retailers, and Distributors amongst others.
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We are thankful for the support and assistance from North-American Industrial Chocolate Market chain related technical experts and marketing experts during Research Team survey and interviews.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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