According to a recently published report by IndustryARC, the ever-growing appeal of the chocolate products among all groups of people, increasing brand promotion, innovative and sustainable packaging, and celebration confectionery and gift boxes will accumulate huge demand for chocolate confectionery in the foreseeable years. Moreover, trending organic products have simultaneously influenced the chocolate confectionery market with premium quality ingredients leveraging significant revenue income in the past few decades. Owing to a rise in the customer outreach activities by the manufacturing companies, the global chocolate confectionery market offered opportunities worth $129.93 billion as of 2018. Additionally, the chocolate confectionery market demand is projected to grow at a compound annual growth rate (CAGR) of 2.49% through to 2025, kids being their prime area of focus.
The aforementioned report is titled “Chocolate Confectionery Market: By Type (Countlines, Bagged Selflines/ Softlines, Alfajores, Boxed Assortments, Others); By Composition (Milk Chocolate, Dark Chocolate, White Chocolate, Chocolate Creams, Others); By Distribution Channel (Supermarkets/ Hypermarkets, Discounters, Convenience Stores, Confectionery Specialists/Shops, Online Retail, Others) & Geography – Forecast (2019-2025).” A deeper market analysis by the expert team presents a scope of opportunity, commercially viable products detailing, a strategic interpretation of the market scenario, and geographical segmentation from vendor’s perspective.
Global Chocolate Confectionary Market: Leading Segments:
Chocolate confectionery manufacturing process either includes cocoa beans as the principal raw material or processed chocolates across the world. Europe delivers a wide range of chocolate products such as milk chocolate, dark chocolate, white chocolate, vegan chocolate, and several others leveraging a burgeoning scope for the chocolate confectionery industry. Europe is the largest market for chocolate products; importing 5,222,327 cocoa harvests into the continent, Germany is the center for chocolate confectionery market in this region. Due to the perennial demand for chocolates Europe held a robust regional share of 40.16% in the year 2018. As per the report countlines chocolate demand by the retailers is evaluated to increase at a CAGR of 2.27% during the forecast period 2019-2025.
View Full Table of Contents of Chocolate Confectionery Market:
Global Chocolate Confectionery Market: Disruptive Trends and Growth Drivers:
·Tasteful Insights into Flavored Chocolates:
Widespread demand for chocolate as an essential part of desserts and delights over the past years which has led to budding of new innovations in the niche market specifically with variant flavoring. Market players, bakeries, and restaurateurs have added certain twists and flavoring essence for creating brand new products which include milkshakes, ice creams, citrus, coffee, and chilly flavored chocolate confectioneries as well as bacon coated with chocolate. These variants have popular demand across the overseas and earned huge ROI.
·Celebrations’ Chocolate Innovation:
Festive and special occasion induce huge demand for the chocolate gift boxes and special designed, premium quality, and signature gourmet chocolates. Manufacturing companies gain lucrative benefits with chocolate cards and greetings, chocolate awards, religious and sports themed chocolates, mixed variety of best chocolate boxes, and many others.
·Organic Chocolate Confectionary Trend:
Albeit being a mainstream food product, chocolate industry is generating long-term demand from all across the world owing to the continuous development and innovation in this industry gradually gaining traction. Organic trend for the chocolate confectionery is luring public interest worldwide attributing to an array of new products such as chocolate coated vegetables and popcorn, hazelnut, peanut butter, and berries mixed organic chocolates.
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What can you expect from the report?
The Chocolate Confectionery Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Chocolate Confectionery Market Size by Product Categories & Application
2. Chocolate Confectionery Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Chocolate Confectionery Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Chocolate Confectionery Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Chocolate Confectionery Market Strategic Analysis
18. Chocolate Confectionery Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Chocolate Confectionery Market Revenue and Volume Analysis
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About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.