Which region held the highest share in the market? Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld. “Moderate” growth for the next five years might not sound all that exciting for those in the chocolate confectionery industry, but it’s at least better than the “sluggish” growth they’ve dealt with the last five years. ... Porter’s five forces analysis of the Turkey chocolate industry. The milk chocolate segment is expected to be the leading segment in this market during the forecast period. For instance, MycoTechnology, Inc. uses mushrooms to create sweeter chocolates with less sugar. The Global Chocolate Market size is expected to reach $171.6 billion by 2026, rising at a market growth of 5.3% CAGR during the forecast period Chocolate is … Remarkable job and great efforts by your research team. On the basis of product type, the chocolate category was the dominant segment in 2019 with 35.2% market share. Europe is the largest market for confectionery products of chocolate and is expected to rise at a CAGR of 1.7% during the forecast period from 2020 to 2027. There is growing popularity of dark chocolate in the region which is attributed to the increasing knowledge regarding the health benefits of cocoa. Growing at a CAGR of 2.3%, the market will exhibit steady growth in the forecast period (2020-2027). Register for a free trial today and gain instant access to 17,000+ market research reports. The market is ruled by few companies such as Cadbury, nestle, Mars, Heinz, Perfetti van etc. Global Chocolate Market Segmentation Analysis, By Type 9.1. One of the newest innovations within the market is organic chocolate, introduce as a result of the consumers demands. “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Request for a FREE sample and Get more information on the market contribution of various segments. The launch of new products is one of the vital chocolate market trends as it helps to increase sales activities. Besides this, the report offers insights into the market trends for chocolate confectionery and highlights key industry developments. Within our chocolate industry research, we provide deep insights into the market landscape and its segments. This market is primarily driven by evolving preferences for novel and innovative confectionery products. Growing Awareness Regarding Health Risks Associated with Chocolate Confectioneries to Impede Market Growth. For instance, Mondelēz International unveiled its Easter 2019 range, announcing the launch of Cadbury Oreo Egg, Cadbury Heroes Easter Pouch, and Cadbury Crunchie Inclusion Egg, which have only three ingredients and are distinguished by their cocoa content. To gain extensive insights into the market, Request for Customization. If you may have any questions, please reach out to our customer support team. In 2016, the U.S. chocolate market was expected to reach $22 billion in projected sales. White Chocolate Market 1.1. Organic milk chocolate market 1.2. Compound Chocolate Market 2019 Global Share, Business Growth, Trend, Segmentation, Top Key Players Analysis Industry, Opportunities and Forecast to … Market segments Comparison by Product placement Milk chocolate - Market size and forecast 2019-2024 Dark chocolate - Market … This chocolate market analysis report provides information on the production, sustainability, and prospects of several leading companies, including: For more insights on the market share of various regions Request for a FREE sample now! In the short term, the market demand will show Superior growth due to the increase in infections and reduced economic activity. Global Chocolate Beer Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025. Germany, the UK, and Belgium are the critical markets for chocolates in Europe. Request a Free sample to learn more about this report. Almost one billion people around the world eat horse meat. India chocolate market stood at $ 1.3 billion in 2017 and is projected to grow at a CAGR of over 16% to reach $ 3.3 billion by 2023, on account of increasing young population base, growing urbanization and rising trend of gifting chocolates. As a result, chocolate has found a constant place in most tables today. Nestlé was the leading chocolate company in Canada in 2018, holding a share of around 18.6 percent of all chocolate sales in Canada in the 52 weeks ending July 21, 2018. In the report we have brought a discussion about the marketing segmentation of Nestle, their target market and positioning strategy in Singapore. Successful product launches help in increasing the revenue flow and expanding consumer outreach. Within Europe, countries such as Switzerland, Belgium, Germany, Austria, and the U.K. are the largest producers and consumers of chocolate products. In 2018, The Hershey's Company, which specializes in chocolate and cocoa products, had a market share of over 40 percent in the U.S. chocolate segment, making it the company’s main market. The growing demand for such chocolates has encouraged manufacturers to introduce small, consumer packs in the market, which is expected to boost growth during the forecast period. Market condition Market Segmentation by Product. Detailed Segmentation: Market Value Chain and Supply Chain Analysis 8. The report was very accurate and as per my requirements. 23, No. Chocolate Market Share and Segmentation. Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Nestlé Group, and The Hershey Co. are some of the major market participants. Market growth in the milk chocolate segment will be slower than the growth of the market in the dark chocolate and white chocolate segment. Chocolate market size is forecast to grow by USD 41.15 billion during 2020-2024 at a CAGR of 5%, with milk chocolate segment having the largest market share. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. North America dominated the market share in 2019. Which is the leading segment in the market? The robust trend of healthy snacking is accompanied by growing demand for premiumised and indulgent offerings with chocolate flavor as most sought after one. Introduction 9.2. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. Consumers are looking for healthy products that also provide indulgence. In the initial stages of lockdown, panic buying of food supplies by consumers contributed to the rapid growth in the sales of mainstream chocolates in retail channels as a source of indulgence and comfort. Real and Compound Chocolate Market Demand, Share, Global Trend, Industry News, Growth and Research Methodology by Forecast to 2026 … The market exhibits a highly consolidated structure. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. And it’s exactly what the data research firm Mintel predicts for the sector, in its recently released analysis of the U.S. chocolate market. In developed countries such as Japan and Australia, the industry is currently driven by the knowledge of perceived health benefits of cocoa such as its polyphenol content and its role in healthy aging. Chocolate sales in China have more than doubled over the past decade. This will enable the market players to achieve sustainable growth in the industry. It is one of the favourite desserts and snack in most homes. Organic dark chocolate market 1.2. 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