Global Chocolate Market (2019-2025) | Size, Value, industry, Share, Revenue, Forecast, Trends, Growth, Analysis & COVID-19 IMPACT

Latest 2023 Developments of the Europe Milk Chocolate Market

The Europe Milk Chocolate Market is currently experiencing significant developments. Rising demand for organic as well as fair-trade milk chocolate is stimulating the Europe Milk Chocolate Market Share. Consumers across the continent are becoming conscious of the environmental impact as well as ethical practices of players, which led to a growth in the popularity of sustainably-sourced chocolates. The fusion of different flavours of milk chocolate is another popular trend attaining traction in the market. From fruity flavours such as citrus and berries to unusual ones such as sea salt or chilli, manufacturers in the sector are effectively experimenting with new combinations in order to cater to the transforming preferences of consumers. There is also advancement in packaging technology which ensures longer shelf life and freshness without compromising quality and taste.

Global Chocolate Market Synopsis

Increasing the disposable income of consumers coupled with shifting taste preferences from traditional sweets to confectionery products is driving the demand of the global chocolate market. Moreover, a growing population, increasing urbanization, and easy availability of the product would be some of the major factors leading to growth in demand for chocolates worldwide. Increasing competition due to the presence of a large number of players in the market would result in a decline in the prices of chocolates augmenting the growth of the global chocolate market.

According to 6Wresearch, the Global Chocolate market size is projected to grow at a CAGR of 3.5% during 2019–2025. Based on chocolate types, milk chocolate captured the majority of the market revenue share in 2018 and is expected to lead the market revenues during the forecast period as well owing to the easy availability of the product and growing consumer preference towards sweeter chocolates. However, Dark chocolate is projected to witness substantial growth over the next six years due to growing

Europe dominates the global chocolate market owing to increasing consumer demand for dark chocolate in the region. However, the Asia Pacific region, especially emerging economies such as India, China, and Japan are projected to witness substantial revenue growth over the coming years due to the growing young population in the region.

The Global Chocolate Market report thoroughly covers the market by product type, distribution channels, chocolate type, and regions including North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The global chocolate market outlook report provides an unbiased and detailed analysis of the ongoing global chocolate market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The global chocolate market is estimated to grow during the forecast period 2020-26F owing to rising consumer preference for traditional sweets to chocolates which are available easily in a wide variety over any distribution channels. Additionally, the introduction of premium chocolate brands cost-friendly options available, and the addition of various varied ingredients such as fruits, nuts, and caramels are expected to be the potential drivers that would trigger the growth of the global chocolate market in the coming years. Further, on the basis of types of chocolates, dark chocolate is expected to register the highest growth in the coming years owing to the rising preference for cocoa, which is highly concentrated in dark chocolate. With changing tastes and preferences, dark chocolate is expected to register sound demand in the coming years also and would benefit the Global chocolate market register potential revenues in the years to come.

The global chocolate market is expected to register sound revenues in the coming timeframe on the back of the rising tastes and preferences of consumers towards the same. Not only children but adults all over the world are also enjoying the various flavours available in chocolates and each year, the product is registering significant demand projections and as a result, is expected to leave a positive impact on the growth of the global chocolate market in the coming timeframe. Although the rising price for cocoa is posing threat to market growth and manufacturers are not witnessing a doom and gloom period in their business competitive landscape, the monotonous decline in the market is disturbing the makers. Also, the rising consciousness amongst consumers has led to a decline in the demand for the same, but since there is always one region or country which is always winning the bid in the market, so for the global chocolate market, the Nordic countries are five years ahead for the market growth owing to the increased demand for chocolates, the product being used for ritual and festive offering and increased preference for premium foods and is expected to leave a positive impact on the global chocolate market growth in the coming timeframe.

The global chocolate market is projected to secure tremendous growth during the forecast period underpinned by the increased children's consumer base replacing their sweets cravings with chocolate. On the basis of the product type, Dark chocolate is estimated to gain momentum in the coming timeframe owing to the rising growth of the fitness freak population which is leading to bring in lucrative opportunities for them to be investors and the industry to expand the market growth and is expected to boost the growth of the chocolate market in the forthcoming years.

Key Highlights of the Report

• Global Chocolate Market Overview
• Global Chocolate Market Outlook
• Global Chocolate Market Forecast
• Historical Data of Global Chocolate Market Revenues for the Period 2015-2018
• Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, Until 2025
• Historical Data of Global Chocolate Market, By Product Type, for the Period 2015-2018
• Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Product Type, Until 2025
• Historical Data of Global Chocolate Market, By Distribution Channels, for the Period 2015-2018
• Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Distribution Channels, Until 2025
• Historical Data of Global Chocolate Market, By Chocolate Type, for the Period 2015-2018
• Global Chocolate Market Size & Global Chocolate Market Forecast of Revenues, By Chocolate Type, Until 2025
• Historical Data of North America Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of North America Chocolate Market Revenues, Until 2025
• Historical Data of Latin America Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Latin America Chocolate Market Revenues, Until 2025
• Historical Data of Europe Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Europe Chocolate Market Revenues, Until 2025
• Historical Data of the Asia Pacific Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Asia Pacific Chocolate Market Revenues, Until 2025
• Historical Data of the Middle East Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Middle East Chocolate Market Revenues, Until 2025
• Historical Data of Africa Chocolate Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Africa Chocolate Market Revenues, Until 2025
• Market Drivers and Restraints
• Global Chocolate Market Price Trends
• Global Chocolate Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Chocolate Market Share, By Regions
• Global Chocolate Market Share, By Players
• Global Chocolate Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Chocolate Market report provides a detailed analysis of the following market segments:

By Product Type

• Milk Chocolate
• White Chocolate
• Dark Chocolate

By Distribution Channels

• Supermarkets/ Hypermarkets
• Grocery/Mom-n-Pop Stores
• Convenience Stores
• Online Channel
• Others (Specialized Retailers, pharmacies, etc.)

By Chocolate Type

• Count lines & Straight lines
• Moulded or Bar Chocolates
• Choco-panned & Sugar panned
• Others (Box chocolates, novelties)

By Regions

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

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