About Chocolates
Chocolate is a very well know sweet preferred by the consumers. The quality of chocolate depends upon the quality of cocoa. Chocolates are the most selling product in the confectionery industry, different ranges of chocolates are produced globally. The rising preference of chocolates from the consumer ends is an imperative factor that eventually aids the companies to focus on their product development. For instance, Mars Wrigley Confectionery, division of Mars Inc. (United States) is the biggest manufactures of chocolate, by net confectionery sales of 18,000 million USD in 2018.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Barry Callebaut (Switzerland), Cargill (United States), Nestle SA (Switzerland), Mars (United States), Hershey (United States), Blommer Chocolate Company (United States), FUJI OIL (Japan), Puratos (Belgium), Olam (Singapore) and Kerry Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Guittard (United States), Ferrero (Italy), Ghirardelli (United States), Alpezzi Chocolate (Mexico), Valrhona (France) and Republica Del Cacao (South America).
Segmentation Overview
AMA Research has segmented the market of Global Chocolates market by Type (Dark Chocolate, Milk Chocolate and White Chocolate), Application (Supermarket & Stores, Wholesale and retail, Online and Others) and Region.
On the basis of geography, the market of Chocolates has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Category, the sub-segment i.e. Everyday Chocolate will boost the Chocolates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Healthier Chocolates Such as Vegan, Organic, etc.
Market Growth Drivers:
Increasing Disposable Income of the Population in Emerging Countries of Asia Pacific
Challenges:
Fluctuating Cost of Cocoa Beans
Restraints:
High Cost of Raw Material
Opportunities:
Rising Awareness Regarding the Health Benefits of Chocolate Such as it Helps in Improving Blood Flow in Vessels
On 16th July 2019, Nestle is launching new chocolate that ditches refined sugar. The company says that they have patented a new way to naturally sweeten chocolate using just the beans and pulp of the cocoa fruit, allowing the company to cut its use of refined sugar. The Swiss food giant plans to roll out a limited release in Japan using the pulp recipe in Kit Kat bars made from 70% dark chocolate.
Key Target Audience
Chocolate Manufacturers, Distributors, and Suppliers, Retail Store, Raw Material Suppliers, Potential investors and Food Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.