Global Chocolate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global chocolate market in its upcoming report titled, “Global Chocolate Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global chocolate market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global chocolate market report has been segmented on the basis of type, sales category, sales channel, and region.

Request Covid - 19 Impact

Chocolate is referred to brown sweet blocks made using roasted, ground, and sweetened cocoa, along with some additional ingredients such as roasted dry fruits, crushed biscuits, etc., depending on the type of chocolate made. Chocolate is one of the most consumed product globally and is key product which is profitable for the global confectionary market.

Chocolates has always been on high demand in developed countries, however increasing urbanization resulting in shifting preferences towards chocolates in the developing countries is a key factor expected to drive growth of the global market. In addition, increasing awareness about health benefits of chocolate among population of all age-groups such as good energy source, anti-oxidant, anti-ageing, and stress suppressant properties of chocolate is another major factor estimated to further fuel growth of this market. In developed countries, demand for chocolates rise in festive season, thereby supporting growth of the chocolate market in developed region such as North America and Europe.

The main ingredient used in manufacturing any chocolate is cocoa. Fluctuating cocoa prices is expected to hinder growth of the global chocolate market. However, product innovations in chocolate such as adding roasted dry fruits, gems, and biscuits, and constantly increasing demand for chocolate, shakes, drinks, ice creams, and other products is expected to create opportunities for manufacturers operating in the global chocolate market.

North America and Europe markets are expected to lead in terms of revenue owing to increasing adoption of chocolate and high demand for chocolates in festive seasons. These markets are followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. Asia Pacific market is expected to register significant CAGR during the forecast period, owing to increasing awareness about chocolate and inclination towards westernization.

Growth of the global chocolate market is expected to have positive impact on cocoa market, sugar market, and required preservatives market globally.

Global chocolate market segmentation:

Segmentation by type:

• Dark Chocolate
• Milk Chocolate
• White Chocolate

Segmentation by sales category:

• Everyday Chocolate
• Premium Chocolate
• Seasonal Chocolate

Segmentation by sales channel:

• Supermarkets and hypermarkets
• Independent retailers
• Convenience stores

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa