According to the latest report by IMARC Group, titled "Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-20
According to the latest report by IMARC Group, titled “Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on chocolate market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global chocolate market reached a value of US$ 125 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Chocolate is an edible product prepared by roasting the seeds of the Theobroma cacao tree. The cacao beans are harvested, fermented, dried, and then ground to form a paste. The prepared paste is kept under high pressure to separate the cocoa butter and chocolate liquor. These two ingredients are then mixed in different proportions to manufacture various types of chocolates and cocoa powder. Due to its rich taste and unique flavor, chocolate is preferred by consumers of all ages and is widely used in desserts, confectionery items, and beverages.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Chocolate Market Trends:
Moderate consumption of chocolate helps to promote serotonin production, which acts as an anti-depressant and calms the brain. It is also associated with lowering the risk of cardiovascular diseases, reducing blood pressure, and maintaining cholesterol levels. The growing awareness regarding the associated health benefits is driving the market growth. Moreover, chocolates are popularly presented as gifts during the festive season and on other occasions such as birthdays, which, in turn, is escalating the product demand.
Explore full report with table of contents: https://www.imarcgroup.com/prefeasibility-report-chocolate-manufacturing-plant
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Barry Callebaut
- Chocoladefabriken Lindt & Sprüngli AG
- Chocolaterie Guylian
- Ferrero International
- Mars Incorporated
- Meiji Co. Ltd.
- Mondelez International Inc. (Kraft Foods)
- Moonstruck Chocolate Company
- Nestlé S.A.
- The Hershey Company
Chocolate Market Segmentation:
Our report has categorized the market based on region, product type, product form, application, pricing and distribution.
Breakup by Product Type:
- White Chocolate
- Milk Chocolate
- Dark Chocolate
Breakup by Product Form:
Breakup by Application:
- Food Products
- Bakery Products
- Sugar Confectionery
Breakup by Pricing:
- Everyday Chocolate
- Premium Chocolate
- Seasonal Chocolate
Breakup by Distribution:
- Direct Sales (B2B)
- Convenience Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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