Indo-China Chocolate Market Size, Trends and Forecast Report 2017
It is expected that the global chocolate market will grow at a CAGR of approximately to 5% through 2020. New flavours coupled with product packaging innovations will be the trend going forward. World over there is growth potential in the customized and luxury chocolate segments. People have a rising affinity for handcrafted chocolate and many startups are dappling in the art of chocolate making. Popularity of premium chocolates is on the rise particularly in the United States and Brazil. While rising obesity and health concerns world wide is a challenge for the growth of the sector, there is also growing awareness about the benefits of dark chocolate. Players have also been introducing low sugar and sugarless chocolates.
Globally, India is amongst the fastest growing chocolate markets. In 2016, the chocolate market in the country grew by 13% year-on-year. Other than India, Poland's market which grew at 2% year-on-year are the only two countries globally to have shown growth in the chocolate market. India is amongst the four countries projected to have the highest chocolate market growth in the period 2015-2020. Other countries include Mexico, China and Brazil. The chocolate market in India is currently growing at a rate of 20% annually and is projected to grow by 30% by 2020.
In 2014 the per capita consumption of chocolate in China was just 0.2 kgs as compared with 2.5 kgs per person in Brazil, 0.7 kgs per person in India and 2.2 kgs in United States. Hence, a huge untapped potential exists in the market. However, the recent government corruption crackdown has dampened the chocolate market in China.
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A challenge facing the market is that Chinese customers do not trust home grow brands due to food safety issues. They have a greater affinity for foreign chocolate brands, close to 70% of the Chinese chocolate market is controlled by European brands. Other than the food safety concern, the poor performance of local chocolate brands can be attributed primarily to poor marketing efforts.
The report A Study of the Indo-China Chocolate Market 2017highlights key dynamics ofthe global, India and China's chocolate market. The potential of the sector has been investigated along with the emerging trends.The current market scenario and future prospects of the sector has also been studied. The report contains profiles of key players including Nestle S.A., Mars Foods, Ferrero Rocher, The Hershey Company, Mondelez International Inc., Amul. The report contains latest opinions of industry experts.
Table of contents
1. Global ChocolateMarket
1.2 Market Statistics & Performance
1.4 Industry Speak
2. India ChocolateMarket
2.2 Market Statistics& Performance
2.3 Market Drivers
2.5 Industry Speak
3. China ChocolateMarket
3.2 Market Statistics & Performance
3.3 Market Drivers
3.5 Industry Speak
4. Competitive Landscape
4.1 Nestle S.A.
4.2 Mars Foods
4.3 Ferrero Rocher
4.4 The Hershey Company
4.5 MondelezInternational Inc.
5. List of Charts and Graphs
5.1 Global Forecast Leading Chocolate Consuming Countries (2020, thousand tons)
5.2 Global Total Chocolate Consumption (1999, 2009 & 2020 P, million tonnes)
5.3 Global Top Eight Confectionery Companies Net Confectionary Sales (2015, USD millions)
5.4 Global Per capita consumption of Chocolate Confectionery by Key Markets (2015, kilograms)
5.5 Global Chocolate Consumption (1999-2020 E, million tonnes)
5.6 Global Chocolate Consumption (2012-2019 E, million tonnes)
5.7 India Chocolate Market Size (2012-2019 E, INR billion)
5.8 India Retail Sales of Chocolate (2010-2015, billion USD)
5.9 India Chocolate Market Share by Player (%, 2014)
5.10 India Chocolate Consumption Volume as Compared with Other Countries (2020, in 1,000 tons)
5.11 China Chocolate Market Share by Players (%, 2014)
5.12 China Chocolate Market Size (2014-2019 E, tonnes)
5.13 China Retail Sales of Chocolate (2010-2015, billion USD)
6. Research Methodology
7. About Smart Research Insights
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