According to a recently published report by IndustryARC, ever-growing appeal of the chocolate products among all groups of people, increasing brand promotion, innovative and sustainable packaging, and celebration confectionery and gift boxes will accumulate huge demand for chocolate confectionery in the foreseeable years. Moreover, trending organic products have simultaneously influenced the chocolate confectionery market with premium quality ingredients leveraging significant revenue income in the past few decades. Owing to a rise in the customer outreach activities by the manufacturing companies, the global chocolate confectionery market offered opportunities worth $129.93 billion as of 2018. Additionally, the chocolate confectionery market demand is projected to grow at a compound annual growth rate (CAGR) of 2.49% through to 2025, kids being their prime area of focus.
The aforementioned report is titled “Chocolate Confectionery Market: By Type (Countlines, Bagged Selflines/ Softlines, Alfajores, Boxed Assortments, Others); By Composition (Milk Chocolate, Dark Chocolate, White Chocolate, Chocolate Creams, Others); By Distribution Channel (Supermarkets/ Hypermarkets, Discounters, Convenience Stores, Confectionery Specialists/Shops, Online Retail, Others) & Geography - Forecast (2019-2025).” A deeper market analysis by the expert team presents a scope of opportunity, commercially viable products detailing, a strategic interpretation of the market scenario, and geographical segmentation from vendor’s perspective.
Global Chocolate Confectionary Market: Leading Segments:
Chocolate confectionery manufacturing process either includes cocoa beans as the principal raw material or processed chocolates across the world. Europe delivers a wide range of chocolate products such as milk chocolate, dark chocolate, white chocolate, vegan chocolate, and several others leveraging a burgeoning scope for the chocolate confectionery industry. Europe is the largest market for chocolate products; importing 5,222,327 cocoa harvests into the continent, Germany is the center for chocolate confectionery market in this region. Due to the perennial demand for chocolates Europe held a robust regional share of 40.16% in the year 2018. As per the report countlines chocolate demand by the retailers is evaluated to increase at a CAGR of 2.27% during the forecast period 2019-2025.
Global Chocolate Confectionary Market: Disruptive Trends and Growth Drivers:
· Tasteful Insights into Flavored Chocolates:
Widespread demand for chocolate as an essential part of desserts and delights over the past years which has led to budding of new innovations in the niche market specifically with variant flavoring. Market players, bakeries, and restaurateurs have added certain twists and flavoring essence for creating brand new products which include milkshakes, ice creams, citrus, coffee, and chilly flavored chocolate confectioneries as well as bacon coated with chocolate. These variants have popular demand across the overseas and earned huge ROI.
· Celebrations’ Chocolate Innovation:
Festive and special occasion induce huge demand for the chocolate gift boxes and special designed, premium quality, and signature gourmet chocolates. Manufacturing companies gain lucrative benefits with chocolate cards and greetings, chocolate awards, religious and sports themed chocolates, mixed variety of best chocolate boxes, and many others.
· Organic Chocolate Confectionary Trend:
Albeit being a mainstream food product, chocolate industry is generating long-term demand from all across the world owing to the continuous development and innovation in this industry gradually gaining traction. Organic trend for the chocolate confectionery is luring public interest worldwide attributing to an array of new products such as chocolate coated vegetables and popcorn, hazelnut, peanut butter, and berries mixed organic chocolates.
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1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
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10. Patent Analysis 20. Revenue and Volume Analysis
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