Chocolate Market Overview:
Chocolate Market size was valued at US$ 138.07 Bn in 2023 and the total revenue is expected to grow at 5.1% through 2023 to 2029, reaching nearly US$ 195.58 Bn.
Chocolate is made by baking cacao seeds from Theobroma cacao tree pods. To make the paste, the cacao beans are gathered, roasted, dried, and pulverised. The chocolate liquor and cocoa cream are separated from the dough using stresses. Coverage, dark, milky, white, and baked chocolate, as well as cocoa powder, are made by combining these two components in various quantities.
the Chocolate Market research report published by Maximize Market Research (MMR), provides extensive and top-notch market studies, offering transparency in its findings. The report includes a list of major competitors, strategic insights, and an analysis of key factors shaping the ### industry. This market research encompasses a wide range of markets, marketing strategies, trends, future product possibilities, and burgeoning opportunities, all contributing to the generation of comprehensive market reports.
Dynamic:
Due to the fact that dark chocolate aids in the prevention of heart disorders and offers potential for additional uses like chocolate cake and chocolate milk in the global chocolate industry, its popularity is predicted to increase over the next years.
Among the most consumed foods worldwide are chocolate and high-end chocolate products. Serotonin, a neurotransmitter that calms the brain and functions as an antidepressant, is found to rise when chocolate is consumed in moderation. In addition, it enhances mood by expelling pollutants. Chocolates come in a wide range of shapes, sizes, and packaging to best fit the occasion. An industry worth billions of dollars, chocolate is continually growing as new goods are created and promoted.
Chocolate Market Report Scope and Research Methodology:
The Chocolate Market report aims to forecast market size by considering segments, regional distribution, and industry competition. The report estimates and forecasts market size and growth using a bottom-up approach. It conducts a comprehensive examination of key players in the ### industry, including revenue figures. The report insights into the global, regional, and local level analysis of the Chocolate Market, highlighting the factors that restrain, drive, and challenge market growth throughout the forecast period.
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Chocolate Market Regional Insights:
North America is expected to lead the global Chocolate Market and is expected to continue its dominance during the forecast period. Europe holds a second position in the Chocolate Market, accounting for a substantial revenue share in 2022. Asia-Pacific region expected significant growth in the Chocolate Market.
Chocolate Market Segmentation:
The global chocolate market is divided into three categories based on products: Milk Chocolate, Dark Chocolate, and White Chocolate. In 2022, the Dark Chocolate category accounted for 70.7% of the market. The demand for dark chocolate, which has a cocoa content of at least 60% and is believed to provide health advantages like lowering the risk of cardiovascular diseases and enhancing blood flow, is going to increase over the forecast period. Dark chocolate consumption has a number of positive health effects, including a reduction in anxiety and an improvement in the symptoms of clinical depression. The category is anticipated to grow during the projected period as consumers increasingly recognize dark chocolate as a nutritious food.
Chocolate Market Key Players:
1. Kraft Foods
2. Nestle
3. Moonstruck Chocolatier Co.
4. Mars Inc.
5. Ghirardelli Chocolate Co.
6. Ferrero Group
7. Hershey Foods Corp.
8. Cadbury
9. Meiji Co Ltd
10.Arcor
11.Ezaki Glico Co Ltd
12.August Storck KG.
13.Barry Callebaut
14.Amul
15.Lindt & Sprüngli Ag.
16.Chocoladefabriken Lindt & Sprungli
17.Cargill
18.Olam International
19.Fuji Oil Company Ltd.
20.ECOM Agroindustrial Corporation Ltd.
21.Cocoa Processing Co. Ltd.
22.Touton S. A.
23.BD Associates Ghana Ltd.
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Chocolate Market are:
- What is the expected Chocolate Market size by 2029?
- What is the growth rate of the Chocolate Market?
- Which are the factors expected to drive the Chocolate Market growth?
- Which segment dominated the Chocolate Market growth?
- Which region held the largest share in the Chocolate Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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