In contrast to single-origin chocolate, which simply addresses the origins of the ingredients, the term "craft" refers to the human touch that is applied to each step of the advanced craft chocolate manufacturing process. Advanced craft chocolate has a more elevated taste and aroma. It has much better quality than conventional chocolate. Its demand is increasing among chocolate lovers due to its high quality. North America and Europe are the largest markets for advanced craft chocolate due to their high consumption of chocolates.This growth is primarily driven by Increasing Consumption of Chocolates and Health Benefits Associated with Consumption of Advanced Craft Chocolate.
Globally, a noticeable market trend is evident Introduction Of Organic Advanced Craft Chocolates. The Food Products sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Olam International (Singapore), Meiji Holdings (Japan), Barry Callebaut (Switzerland), Ah Cacao (Mexico), Nestle (Switzerland), Amano Artisan Chocolate (United States), Fuji (Japan), Marrie Belle (United States), Tachibana (Japan) and Pralus (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 19th Jan 2020, Olam International launched a brand “Twenty Degrees” to bring specialty cacao to craft chocolate makers. Twenty Degrees – named for the cacao belt which ranges twenty degrees north and south of the equator – is responding by sourcing premium quality cacao beans from ten unique regions, each hand-picked for their distinctive flavor and sensory profile.
According to Secretarial Compliances and the Companies Act, 2013, “Central Licensing Authority grants license to following food businesses: 1) All FBOs including re-labelers and re-packers falling under the requisite criteria. 2) All Importers and 100% Export-oriented Units. 3) All FBOs manufacturing any article of food. 4) FBO operating in two or more States.”
- Increasing Consumption of Chocolates
- Health Benefits Associated with Consumption of Advanced Craft Chocolate
- Introduction Of Organic Advanced Craft Chocolates
- Advanced Craft Chocolate Tend to Be Pricier Than Conventional Chocolates
Growing Innovation in Advanced Craft Chocolate Will Boost Its Demand and Emerging Demand of Advanced Craft Chocolate from Emerging Economies
Lack Of Awareness About Availability of Advanced Craft Chocolate and Slow Manufacturing Process of Advanced Craft Chocolate Compared to Advanced Craft Chocolate
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Advanced Craft Chocolate Study Sheds Light on
The Advanced Craft Chocolate Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Advanced Craft Chocolate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Advanced Craft Chocolate industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Advanced Craft Chocolate Market?
The Advanced Craft Chocolate market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Advanced Craft Chocolate Market?
Top performing companies in the Global Advanced Craft Chocolate market are Olam International (Singapore), Meiji Holdings (Japan), Barry Callebaut (Switzerland), Ah Cacao (Mexico), Nestle (Switzerland), Amano Artisan Chocolate (United States), Fuji (Japan), Marrie Belle (United States), Tachibana (Japan) and Pralus (France), to name a few.
3. Which region dominated the worldwide market for Advanced Craft Chocolate in 2020?
North America is dominating the Advanced Craft Chocolate Market.