Global Chocolate Market Overview
Global Chocolate Market is
developing as manufacturers are cutting down the usage of chemical additives
like Cargill have gone a step ahead and removed lecithin from its cocoa and
chocolate offerings. Neste SA introduced a limited-edition green tea matcha
KitKat in the United Arab Emirates, Saudi Arabia, and Kuwait in October 2019.
Lindt & Sprüngli debuted a new Lindt Chocolate Boutique at Zurich Airport
in May 2019, a new counter where Lindt Master Chocolatiers produce daily fresh
chocolate masterpieces.
Increasing the disposable income of consumers coupled with shifting taste preferences from traditional sweets to confectionery products is driving the demand of the global chocolate market. Moreover, a growing population, increasing urbanization, and easy availability of the product would be some of the major factors leading to growth in demand for chocolates worldwide. Increasing competition due to the presence of a large number of players in the market would result in a decline in the prices of chocolates augmenting the growth of the global chocolate market.
According to 6Wresearch, the
Global Chocolate market size is projected to grow at a CAGR of 3.5% during
2019–25. Based on chocolate types, milk chocolate captured the majority of the
market revenue share in 2018 and is expected to lead the market revenues during
the forecast period as well owing to the easy availability of the product and
growing consumer preference towards sweeter chocolates. However, Dark chocolate
is projected to witness substantial growth over the next six years due to
growing.
Europe dominates the global chocolate
market owing to increasing consumer demand for dark chocolate in
the region. However, the Asia Pacific region, especially emerging economies
such as India, China, and Japan are projected to witness substantial revenue growth
over the coming years due to the growing young population in the region.
Key Highlights of the Report:-
Global Chocolate Market Overview
Global Chocolate Market Outlook
Global Chocolate Market Forecast
Market Drivers and Restraints
Global Chocolate Market Price
Trends
Global Chocolate Market Trends
and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Global Chocolate Market Share, By
Regions
Global Chocolate Market Share, By
Players
Company Profiles
Key Strategic Recommendations
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