The new report by Expert Market Research titled, ‘Global Chocolate Market Growth, Size, Share, Industry, Analysis, Report and Forecast 2020-2025’, gives an in-depth analysis of the global chocolate market, assessing the market based on its segments like types, packaging, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 106.6 billion
2. Forecast CAGR (2020-2025): 5.5%
3. Forecast Market Size (2025): USD 147 billion
Download a Free Sample Report in PDF – https://www.expertmarketresearch.com/reports/chocolate-market/requestsample
The global chocolate market is driven by the rising demand from consumers throughout the world. The purchase of chocolates by children and adults are linked to impulsive purchases regardless of their economic situation. Thus, the rise in impulse purchases, driven by inflating incomes and changing customer lifestyles, are expected to aid the growth of the market.
The dynamic and innovative packaging of chocolates is further strengthening the chocolate industry. The industry is also expected to be strengthened by the increased urbanisation and the rising proliferation of available chocolate and goods. The rising awareness of the product’s anti-ageing, antioxidant enrichment, and hypertension suppressing characteristics are further promoting the growth of the chocolate market.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/chocolate-market
Industry Definition and Major Segments
Chocolate is a snack, typically sweetened, that available as a paste or a solid block and is derived from roasted and ground cacao seeds. The product can either be consumed on its own or can be added as an ingredient in beverages, baked goods, and other food products.
Based on type, the market can be divided into:
1. Milk Chocolate
2. White Chocolate
3. Dark Chocolate
By packaging, the industry is bifurcated into:
Based on the distribution channel, the industry is segmented into:
1. Supermarkets/ Hypermarkets
2. Specialist Retailers
3. Convenience Stores
The major regional markets for chocolate are:
- North America
- United States of America
- United Kingdom
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Dark chocolate contains a significant amount of cocoa and is being used for the prevention of ageing and diseases, such as CVD. Recent research has shown that chocolate intake can contribute to stress relief. These factors are expected to contribute to the growth of the market.
The wide range of new consumer applications of chocolate in foodstuffs and pastries is also expected to fuel competition in the market. The chocolate market has the potential to expand more, and in the last decade has proven to be a multi-billion-dollar industry. Chocolate has built prosperous markets in developed countries. Within the developing economies, younger people are the key buyers and are fuelling the growth of the chocolate industry. The foodservice industry growth and the introduction of value-added products are expected to further help the chocolate market growth. The chocolate market is highly competitive, is witnessing a rising demand as a replacement for conventional sweets in developing countries. Such countries, with their evolving consumer habits as well as increased brand loyalty, are also becoming increasingly popular among multinational brands, who are expanding their investments in these regions.
Key Market Players
The major players in the market are Mars, Incorporated, Ferrero Group, Barry Callebaut AG, Mondelez International, Hershey Co., and Nestlé SA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com/), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 138 Duane St, NY 10013
City: New York City
State: New York
Country: United States