Title: Chocolate Market - Forecast(2021 - 2026)
1Chocolate Market - Forecast(2021 - 2026)
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- The Chocolate Market size was valued at 147.8
billion in 2019 and is poised to grow at a CAGR
of 5.31 during the forecast period 2020-2025.
Chocolate is prepared using cacao seeds. They are
roasted and formed in liquid, paste, or block
shapes. - The most common type of chocolate that is widely
available in the market includes dark chocolate,
milk chocolate, and white chocolate. - The procedure of making chocolate comprises
numerous steps such as cacao cultivation,
harvesting, fermentation, drying shipping, and
producing chocolates.
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Key Takeaways Geographically, North America
dominated the global chocolate market in 2019,
owing to the increasing consumer demand in the
region. In the Asia-Pacific region, India has
seen changing consumer preference over seasonal
and premium chocolates during festive seasons
instead of traditional Indian sweets, which is
set to augment chocolate demand in the forecast
period 2020-2025. The Appealing packaging and
color enable the manufacturer to receive a fast,
spontaneous response from consumers. Purple was
ranked as the most prominent color accompanied by
red and blue to promote the buying of chocolate
goods.
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By Distribution Channel- Segment Analysis Based
on type, the global chocolate market has Milk
Chocolate, Dark Chocolate, White Chocolate,
Unsweetened chocolate, and others. Milk chocolate
segment holds the largest market share followed
by dark chocolate in the global chocolate market.
Milk chocolate has liquid milk, powdered milk, or
condensed milk form added in it along with
flavoring ingredient. Milk chocolate boosts
memory, cuts the risk of heart strokes, hydrates
and smoothens the skin.
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- Chocolate Industry outlook
- Mars
- Incorporated
- Ferrero
- Mondelez International
- The Hershey Company
- Nestle SA
- Arcor Group
- The Kraft Heinz Company
- Ghirardelli Chocolate Company
- Moonstruck Chocolate
-
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Chocolate Market - Forecast(2021 - 2026) Learn
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- Analyst Briefing
- Data Tables
- Key Contacts
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