Global Seasonal Chocolates Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
"Global Seasonal Chocolates Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global seasonal chocolates market, and the various trends, drivers, restraints, opportunities, and threats in the target market 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 seasonal chocolates market report has been segmented on the basis of type, fillings, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Seasonal chocolate is an indulgent treat, made up of roasted, ground, and sweetened cocoa, along with some additional ingredients such as roasted dry fruits, crushed biscuits, etc. Such chocolates are considered to be the best gifting option among consumers and have numerous health benefits. Additionally, with the introduction of variants like dairy-free, fair trade and organic, and vegan dark seasonal chocolates, seasonal chocolates market is estimated to exhibit promising growth.
Change in lifestyle, rise in disposable income, and changing food habits are some of the factors attracting demand for seasonal chocolates market positively. Chocolates with customized texture, structure, and sensory attributes gaining momentum across the globe. In addition, enhancing taste and effective branding of chocolate products by manufacturers acting as a significant factor to empower growth of the market. Manufacturing companies like Mama Ganache Artisan Chocolate and Lake Champlain Chocolates are introducing a lot more organic seasonal chocolate varieties. Moreover, leading players like Lindt & Sprungli and Ferrero are following integrated marketing communication, using newspapers, magazines, and social media such as YouTube and Facebook to increase the popularity of their seasonal chocolate offerings. However, adulteration in the quality of products is a restraining factor affecting growth of seasonal chocolates market. Recent trend of healthy eating habits has affected the market completely, resulting in people buying smaller quantities and seeking for higher quality product. Other recent trend of following the western culture which is affecting growth of the seasonal chocolates market in a positive way.
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. 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 the regional market. Overall, the US and Germany lead in terms of total chocolate new product development (NPD), each accounting for around 8% of new product launches in 2017. This is followed by France, the UK and Brazil.
According to National Retail Federation, in 2017, Easter spending in the US recorded an average spend of US$ 152 per person and increase up to 4% from last year.
Segmentation on the basis of Chocolate Type:
Segmentation on the basis of Fillings:
- Filled seasonal chocolates
- Unfilled seasonal chocolates
Segmentation on the basis of Distribution Channel:
- Non-Store Based
- Store Based
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Chocoladefabriken Lindt & Sprüngli AG
- Ferrero SpA
- Mars, Incorporated
- Mondelez International,
- GODIVA Chocolatier
- The Hershey Company
- Anna Banana's Homemade Goodness
- Phillips Chocolate
- Gilbert Chocolates
- Blue Frog Chocolates
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