Chocolate is among the most popular and widely consumed substances in the modern world. Various varieties of chocolate, classified on the basis of the amount of cocoa present in the chocolate, are produced and are equally popular all over the world.
The report on the global chocolate market uses trustworthy primary and secondary research to present a comprehensive database regarding the global chocolate market. Various reliable analytical tools are then employed to break down the statistics and present forecasts for the market’s potential growth in the forecast period. Industry figures such as production statistics, profit margins, and value chains are analyzed in the report to present detailed information regarding the global chocolate market. Growth drivers and restraining factors acting upon the global chocolate market are analyzed and their potential impact is detailed in the report.
Major players in the chocolate market are profiled in the report, on the basis of their financial and business operation, their standing in the global chocolate market, and recent developments in the market. SWOT analysis is used to elaborate upon the particular factors working in the favor of or hampering each company.
Overview of the Global Chocolate Market
The primary growth driver of the global chocolate market is the growing awareness regarding the health benefits of dark, cocoa-rich chocolates. This trend is expected to dominate the market in the coming years, as dark chocolate rises in popularity. Dark varieties of chocolate, which are rich in antioxidants, have the potential to prevent cardiac diseases as well as several other diseases.
The main growth driver for the market in Asia Pacific is the growing influence of Western habits and culture in Asian countries. Chocolate is now popular across the board in several Asia Pacific nations owing to the success of local as well as international brands, and this is expected to propel the global chocolate market in the near future.
Rising disposable income of Asia Pacific consumers, particularly in countries such as China, India, Japan, and South Korea, has also brought the social status of chocolate down from a luxury to an everyday commodity. The cheap products offered by local brands in these countries have made chocolate popular among the masses, and international premium chocolate brands such as Hershey, Ferrero, Mars, and Ghirardelli are slowly but surely gaining a sizeable foothold in Asia Pacific markets.
Instability in the supply of cocoa owing to political instability in many major cocoa-producing nations is the major restraint acting on the global chocolate market. However, rising diversification of cocoa production as well as stabilization of the political scenario in countries such as Ghana is expected to act as a countermeasure to this concern.
Companies Mentioned in the Research Report
The report describes and analyzes major companies in the global chocolate market such as Hershey Foods Corp., Ferrero Group, Ghirardelli Chocolate Co., Mars Inc., Moonstruck Chocolatier Co., Nestle SA, and Kraft Foods.
Segmentation of the Global Chocolate Market by Product Type:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
Major geographies analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments