Chocolate market share, size, demand, price trends, revenue, growth, outlook and forecast 2021 to 2026
The global chocolate market reached a value of US $ 125 billion in 2020. IMARC Group expects the market to grow at a CAGR of around 5% during the period 2021-2026.
SHERIDAN, WYOMING, USA, October 19, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled âChocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021- 2026 âthe size of the global chocolate industry reached a value of US $ 125 billion in 2020. Chocolates refer to consumable food products that are prepared using roasted and ground cocoa beans that are found in the pods of Theobroma cocoa trees. The chocolate liquor and cocoa butter obtained from the beans are then mixed in varying proportions to make dark, milk, white and couverture chocolates. These edibles are widely available in the market in many forms, such as blocks, cubes, and melt. They are rich in alkaloids, including phenethylamine, caffeine, theobromine and flavonoids. Therefore, they are commonly used as flavoring ingredients in the preparation of various drinks, bakery and confectionery products, such as cakes, cookies, brownies, pudding, milkshakes and ice cream.
As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in the markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are carried out after examining the impact of this pandemic.
Request to get the sample report: https://www.imarcgroup.com/prefeasibility-report-chocolate-manufacturing-plant/requestsample
Global Chocolate Market Trends:
The global market is mainly driven by the considerable growth of the food and beverage industry. This can be attributed to the swelling levels of disposable income of the masses and their changing food preferences, which has contributed to an increase in the consumption of ready-to-eat baked goods and confectionery, in which chocolate is commonly used as a must-have ingredient. . The market is further driven by the growing awareness of the many health benefits associated with dark chocolates. These variations include soluble fiber and bioactive compounds as well as being a rich source of antioxidants. As a result, moderate consumption of chocolate rich in cocoa is known to lower blood pressure, improve brain function, and minimize the risk of developing heart disease. Supported by increasing sales of chocolates through organized online and offline retail channels, this is expected to drive market growth. Other factors contributing to the market include the growing importance of sugar-free and gluten-free chocolates among health-conscious consumers, the widespread popularity of chocolates as party favors, and the growing valuation of chocolate products. Due to the aforementioned factors, the market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
Explore the full report with table of contents: https://www.imarcgroup.com/prefeasibility-report-chocolate-manufacturing-plant
Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
Chocoladefabriken Lindt & SprÃ¼ngli AG
Guylian Chocolate Factory
Meiji Co. Ltd.
Mondelez International Inc. (Kraft Foods)
Moononstruck Chocolate Company
The Hershey Company
Segmentation of the chocolate market:
Our report has categorized the market based on region, product type, product form, application, price, and distribution.
Breakdown by product type:
Breakdown by product form:
Breakdown by application:
Breakdown by price:
Breakdown by distribution:
Direct sales (B2B)
Supermarkets / Hypermarkets
Breakdown by region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
We update our reports. If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, competitive landscape etc. Click request free sample report, the report will be emailed to you in PDF format within 24-48 hours after payment confirmation.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the top of the market. business expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Phone number: (D) +91 120 433 0800
Americas: – +1 631 791 1145 | Africa and Europe: – + 44-702-409-7331 | Asia: + 91-120-433-0800, + 91-120-433-0800
Related IMARC Group Reports:
Milk chocolate market: https://www.imarcgroup.com/milk-chocolate-market
Dark chocolate market: https://www.imarcgroup.com/dark-chocolate-market
Caramel chocolate market: https://www.imarcgroup.com/caramel-chocolate-market
Cream market in India: https://www.imarcgroup.com/cream-market-in-india
Karnataka dairy market: https://www.imarcgroup.com/dairy-industry-karnataka
Kerala dairy market: https://www.imarcgroup.com/dairy-industry-kerala
Indian Skim Milk Powder Market https://www.imarcgroup.com/skimme-milk-powder-market-india
Indian organic milk market: https://www.imarcgroup.com/india-organic-milk-market
Chewing gum market: https://www.imarcgroup.com/chewing-gum-market
Pizza Crust Market: https://www.imarcgroup.com/pizza-crust-market
IMARC Services Private Limited
write us here