Chocolate Market Share, Size ‚ Segmented By (Pure Chocolate, Compound Chocolate), By Category Type by Product Type (Dark Chocolate, Milk Chocolate, White Chocolate), Application (Bakery, Confectionery, Beverages) and Geography - Market Shares, Forecasts and Trends (2019 - 2024).

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Chocolate Market 

The market stands at USD XX million in 2017 and is expected to reach USD XX million by 2023 with a CAGR of XX%.

Chocolate Market Dynamics

The growing awareness of health benefits of pure and dark chocolate; the increasing demand for seasonal chocolates, rising disposable incomes, a large variety of applications, easy availability, affordability and convenience are the major drivers of the market. The consumer’s change of taste with an increasing demand for natural and organic products especially in the developed region has opened new opportunities for the organic and vegan chocolate market. The regulatory standards of some developed regions are also triggering the growth of the chocolate market. However, the growing market of chocolate substitute in some developing regions; the high price of raw materials, limited cocoa producing region, and the change in consumer preference are some of the restraining factors for the market.

Chocolate Market Segmentation

On the basis of ingredient composition chocolate market is sub-segmented into pure and compound chocolate. Pure chocolate is further sub-segmented into coverture and regular chocolate. The three types of chocolate products are dark, milk and white. Milk chocolate is the most popular product worldwide with a major share in the market. Market segmentation according to sales is divided into premium, everyday and seasonal chocolates. By the various processed form of chocolate, the market is sub-segmented as chocolate bars, spreads, syrups and others. Chocolate products are commercially used in various product application markets such as bakery, confectionery, beverages and others.

Market segmentation according to geography includes North America, Europe, Asia-Pacific, South America and Africa. Africa is the world’s largest producer of cocoa and premium quality cocoa. The consumer market is dominated by North America followed by Europe while the developing countries in the Asia-Pacific region are growing at a relatively faster rate.

Key Players in the Chocolate Market

  • Cargill Incorporated (U.S)
  • Puratos (Belgium)
  • Barry Callebaut (Switzerland)
  • Nestle (Australia)
  • Meiji Co. (Japan)
  • Ferrero Rocher

Key Deliverables in the Chocolate Market :

  • Analysis of key supply-side and demand trends in global chocolate market
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts (2017-2022) of market trends and market growth
  • Value and growth analysis for global chocolate market with inputs on individual segment share within each category and the change in their market share forecast for 2017-2022.
  • Understand the relevant consumer trends and attitudes that drive and support innovation success and understand what is really impacting the industry.
  • Detailed research and segmentation of chocolate like Dark Chocolate, Milk Chocolate and White Chocolate the product forms that they are available (chocolate bars, chocolate spreads, chocolate syrups)
  • Insights on the major countries/regions where the chocolate market is developing and to also identify the regions that are still untapped.
  • Market share of brands and private labels and private label growth analysis during 2019-2022.

Covering 4 categories, 25 segments across 52 countries - offering over 45,000 data points

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