Chocolate Market, by Flavor, by Product Types & Distribution Channels

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Chocolate Market- Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
20162024
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REPORT DESCRIPTION
Chocolate Market Overview Chocolate is the
ultimate comfort food type and flavor in the
world. It is made in the form of blocks, liquid
or paste. In many types of food stuff, it is used
as flavoring ingredients, such as chocolate
brownies, cakes, chocolate cookies, bars, and
candies. Cocoa is the main ingredient in the
production of chocolate. Cocoa provides
phytochemicals that can improve health by acting
as an antioxidant. Dark chocolate has high
phytochemical content. Chocolate eating triggers
the release of serotonin within the brain that
contributes to the pleasure experience.   Major
driver propelling the growth of the chocolate
market is the increased awareness regarding the
health benefits of chocolate, such as blood
pressure suppressing property, antioxidant
enrichment, and anti-aging property. In addition,
increasing consumption of chocolate on seasonal
and festival occasion are the reasons for the
growth of the chocolate market. Moreover, with
the growth in the confectionary market demand for
chocolate is also rising, according to coherent
market insights, the confectionary market is
growing at CAGR of 3.8 during the forecast
period of 2017 - 2025.
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REPORT DESCRIPTION
Europe led the chocolate market and is expected
to grow at CAGR of 4.6 during the forecast
period, 2017-2025. It is expected to be valued at
US 43.20 billion by 2025. According to National
Confectionary Association (NCA), Germany led
one-fourth of the Western European in sales and
consumption in 2016. North America is the second
largest chocolate market with the U.S being major
economy in the region. It has the highest
consumption of chocolate and presence of
international players such as Mars, Mondelez,
etc. Asia Pacific is the fastest growing region
in chocolate market, owing to the growth of
multinational companies in the region such as
Mars, Hersheys, Ferrero, and Ghirardelli. Also,
high consumption of chocolate by growing
population is propelling the demand for the
growth of chocolate market over the forecast
period.   By price range, economy range
chocolate has the highest demand. During
festivals such as Christmas, Easter, and Diwali
demand for economy range and mid-range chocolate
is high due to large population of low-income
economy.   Request Sample Copy of This Report
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REPORT DESCRIPTION
Among flavored chocolates, milk chocolates
dominates the global chocolate market, which was
valued at US 39.49 billion in 2016 and it is
growing at a CAGR of 6.0 during the forecast
period of 2017 - 2025. Dark chocolates have the
second largest market growing with a CAGR of 8.3
during the forecast period of 2017 - 2025. Owing
to various health benefits and increased
awareness among the peoples regarding dark cocoa
chocolates is expected to propel the demand for
dark chocolates over forecast period. According
to the International Cocoa Organization, the net
sales of the Mars Inc. was at the peak in 2016
with US 18000 Million followed by, Mondel?z
International with US 12,900 Million. Major
Players in the Chocolate Market Some of the
major players in the chocolate market include
Mars, Hershey, Nestlé, Barry Callebaut, Kraft
Foods, Ferrero, Moonstruck Chocolatier Co.,
Ghirardelli Chocolate Co., and Mondelez
International (Cadbury). To Get Discount on this
Report https//www.coherentmarketinsights.com/ins
ight/request-discount/998
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